Loading
- BUSINESS RESEARCH METHODS, 4TH SEMESTER BBA, BANGALORE CENTRAL UNIVERSITYVinutha T.N, Assistant Professor, MES Institute of Management1UNIT 1: INTRODUCTION TO RESEARCHMeaning – Objectives – Types of Research – Scope of Research – Research Approaches –Research Process – Research Design – Research Methods Vs Research Methodology - Stepsin Research – Problem Formulation – Statement of Research Objective – Exploratory –Descriptive – Experimental Research.MEANING OF RESEARCHResearch may be very broadly defined as systematic gathering of data and information and itsanalysis for advancement of knowledge in any subject. Research attempts to find answerintellectual and practical questions through application of systematic methods. Some peopleconsider research as a movement, a movement from the known to the unknown.According to Clifford Woody research comprises defining and redefining problems,formulating hypothesis or suggested solutions; collecting, organizing and evaluating data;making deductions and reaching conclusions; and at last carefully testing the conclusions todetermine whether they fit the formulating hypothesis.Research is, thus, an original contribution to the existing stock of knowledge making for itsadvancement. It is the per suit of truth with the help of study, observation, comparison andexperiment. In short, the search for knowledge through objective and systematic method offinding solution to a problem is research.OBJECTIVES OF RESEARCHThe purpose of research is to discover answers to questions through the application of scientificprocedures. The main aim of research is to find out the truth which is hidden and which has notbeen discovered as yet. Though each research study has its own specific purpose, we may thinkof research objectives as falling into a number of following broad groupings:1. To gain familiarity with a phenomenon or to achieve new insights into it (studies with thisobject in view are termed as exploratory or formulative research studies);2. To portray accurately the characteristics of a particular individual, situation or a group(studies with this object in view are known as descriptive research studies);3. To determine the frequency with which something occurs or with which it is associated withsomething else (studies with this object in view are known as diagnostic research studies);4. To test a hypothesis of a causal relationship between variables (such studies are known ashypothesis-testing research studies)TYPES OF RESEARCHResearch is a logical and systematic search for new and useful information on a particular topic.Research is important both in scientific and non-scientific fields.1. Fundamental or Basic Research: Basic research is an investigation on basicprinciples and reasons for occurrence of a particular event or process or phenomenon.
Page 1
- BUSINESS RESEARCH METHODS, 4TH SEMESTER BBA, BANGALORE CENTRAL UNIVERSITYVinutha T.N, Assistant Professor, MES Institute of Management2It is also called theoretical research. Study or investigation of some natural phenomenonor relating to pure science are termed as basic research. Basic researches sometimesmay not lead to immediate use or application. It is not concerned with solving anypractical problems of immediate interest. But it is original or basic in character. Itprovides a systematic and deep insight into a problem and facilitates extraction ofscientific and logical explanation and conclusion on it. It helps build new frontiers ofknowledge. The outcomes of basic research form the basis for many applied researches.• Seeks generalization• Aims at basic processes• Attempts to explain why things happen• Tries to get all the facts• Reports in technical language of the topic2. Applied Research: In an applied research one solves certain problems employing wellknown and accepted theories and principles. Most of the experimental research, casestudies and inter-disciplinary research are essentially applied research. Appliedresearch is helpful for basic research. A research, the outcome of which has immediateapplication is also termed as applied research. Such a research is of practical use tocurrent activity.• Studies individual or specific cases without the objective to generalize• Aims at any variable which makes the desired difference• Tries to say how things can be changed• Tries to correct the facts which are problematic• Reports in common languageBasic and applied research, further divided into three types of research bearing somecharacteristics feature as follows:Quantitative research• It is numerical, non-descriptive, applies statistics or mathematics and uses numbers.• It is an iterative process whereby evidence is evaluated.• The results are often presented in tables and graphs.• It is conclusive.• It investigates the what, where and when of decision making.Qualitative research• It is non-numerical, descriptive, applies reasoning and uses words.• Its aim is to get the meaning, feeling and describe the situation.• Qualitative data cannot be graphed.• It is exploratory.• It investigates the why and how of decision making.
Page 2
- BUSINESS RESEARCH METHODS, 4TH SEMESTER BBA, BANGALORE CENTRAL UNIVERSITYVinutha T.N, Assistant Professor, MES Institute of Management3• Mixed research: Mixed research- research that involves the mixing of quantitative andqualitative methods or paradigm characteristics. Nature of data is mixture of variables,words and images.Exploratory Research: It is a type of research conducted for a problem that has not beenclearly defined. It helps determine the best research design, data collection method andselection of subjects. The result of exploratory research is not usually useful for decision-making by themselves, but they can provide significant insight into a given situation.Exploratory research might involve a literature search or conducting focus group interviews.The exploration of new phenomena in this way may help the researcher’s need for betterunderstanding, may test the feasibility of a more extensive study, or determine the best methodsto be used in a subsequent study. For these reasons, exploratory research is broad in focus andrarely provides definite answers to specific research issues.The objective of exploratory research is to identify key issues and key variables.Descriptive research: It refers to research that provides an accurate portrayal of characteristicsof a particular individual, situation or group. These studies are a means of discovering newmeaning, describing what exists, determining the frequency with which something occurs, andcategorising information.In short descriptive research deals with everything that can be counted an studied, which hasan impact of the lives of the people it deals with.Explanatory research• Its primary goal is to understand or to explain relationships.• It uses correlations to study relationships between dimensions or characteristics offindividuals, groups, situations, or events.• Explanatory research explains (How the parts of a phenomenon are related to eachother).• Explanatory research asks the “Why” question.Longitudinal Research: Research carried out longitudinally involves data collection atmultiple points in time. Longitudinal studies may take the form of:• Trend study- looks at population characteristics over time, e.g. organizationalabsenteeism rates during the course of a year• Cohort study- traces a sub-population over time, e.g. absenteeism rates for the salesdepartment;• Panel study- traces the same sample over time, e.g. graduate career tracks over theperiod 1990 – 2000 for the same starting cohort.While longitudinal studies will often be more time consuming and expensive than cross-sectional studies, they are more likely to identify causal relationships between variables.
Page 3
- BUSINESS RESEARCH METHODS, 4TH SEMESTER BBA, BANGALORE CENTRAL UNIVERSITYVinutha T.N, Assistant Professor, MES Institute of Management4Cross-sectional Research: One-shot or cross-sectional studies are those in which data isgathered once, during a period of days, weeks or months. Many cross-sectional studies areexploratory or descriptive in purpose. They are designed to look at how things are now, withoutany sense of whether there is a history or trend at work.RESEARCH APPROACHESThe above description of the types of research brings to light the fact that there are two basicapproaches to research, viz., quantitative approach and the qualitative approach. The formerinvolves the generation of data in quantitative form which can be subjected to rigorousquantitative analysis in a formal and rigid fashion. This approach can be further sub-classifiedinto inferential, experimental and simulation approaches to research.Inferential research means survey research where a sample of population is studied (questionedor observed) to determine its characteristics, and it is then inferred that the *population has thesame characteristics.Experimental approach is characterized by much greater control over the research environmentand in this case some variables are manipulated to observe their effect on other variables.Simulation approach involves the construction of an artificial environment within whichrelevant information and data can be generated. This permits an observation of the dynamicbehaviour of a system (or its sub-system) under controlled conditions.RESEARCH METHOD v/s RESEARCH METHODOLOGYResearch methods may be understood as all those methods/ techniques that are used forconduction of research. Research methods or techniques*, thus, refer to the methods theresearchers use in performing research operations. In other words, all those methods which areused by the researcher during the course of studying his research problem are termed asresearch methods. research methods can be put into the following three groups:1. In the first group we include those methods which are concerned with the collection of data.These methods will be used where the data already available are not sufficient to arrive atthe required solution;2. The second group consists of those statistical techniques which are used for establishingrelationships between the data and the unknowns;3. The third group consists of those methods which are used to evaluate the accuracy of theresults obtained.Research methodology is a way to systematically solve the research problem. It may beunderstood as a science of studying how research is done scientifically. In it we study thevarious steps that are generally adopted by a researcher in studying his research problemalong with the logic behind them.It is necessary for the researcher to know not only the research methods/techniques but also themethodology. Researchers not only need to know how to develop certain indices or tests, howto calculate the mean, the mode, the median or the standard deviation or chi-square, how to
Page 4
- BUSINESS RESEARCH METHODS, 4TH SEMESTER BBA, BANGALORE CENTRAL UNIVERSITYVinutha T.N, Assistant Professor, MES Institute of Management5apply particular research techniques, but they also need to know which of these methods ortechniques are relevant and which are not, and what would they mean and indicate and why.The scope of research methodology is wider than that of research methods. Thus, when we talkof research methodology we not only talk of the research methods but also consider the logicbehind the methods we use in the context of our research study and explain why we are usinga particular method or technique and why we are not using others so that research results arecapable of being evaluated either by the researcher himself or by others.Why a research study has been undertaken, how the research problem has been defined, in whatway and why the hypothesis has been formulated, what data have been collected and whatparticular method has been adopted, why particular technique of analyzing data has been usedand a host of similar other questions are usually answered when we talk of researchmethodology concerning a research problem or study.STEPS IN RESEARCHResearch process consists of series of actions or steps necessary to effectively carry out researchand the desired sequencing of these steps. The chart shown in Figure well illustrates a researchprocess.1. Formulating the research problem;2. Extensive literature survey;3. Developing the hypothesis;4. Preparing the research design;5. Determining sample design;6. Collecting the data;7. Execution of the project;8. Analysis of data;9. Hypothesis testing;10. Generalizations and interpretation, and
Page 5
- BUSINESS RESEARCH METHODS, 4TH SEMESTER BBA, BANGALORE CENTRAL UNIVERSITYVinutha T.N, Assistant Professor, MES Institute of Management611. Preparation of the report or presentation of the results, i.e., formal write-up of conclusionsreached.1. FORMULATING THE RESEARCH PROBLEM:The researcher must single out the problem he wants to study, i.e., he must decide the generalarea of interest or aspect of a subject-matter that he would like to inquire into. Initially theproblem may be stated in a broad general way and then the ambiguities, if any, relating to theproblem be resolved. Then, the feasibility of a particular solution has to be considered before aworking formulation of the problem can be set up. The formulation of a general topic into aspecific research problem, thus, constitutes the first step in a scientific enquiry. Essentially twosteps are involved in formulating the research problem, vi., understanding the problemthoroughly, and rephrasing the same into meaningful terms from an analytical point of view.The best way of understanding the problem is to discuss it with one’s own colleagues or withthose having some expertise in the matter. In an academic institution the researcher can seekthe help from a guide who is usually an experienced man and has several research problems inmind. In private business units or in governmental, the problem is usually earmarked by theadministrative agencies with whom the researcher can discuss as to how the problem originallycame about and what considerations are involved in its possible solutions.The researcher must at the same time examine all available literature to get himself acquaintedwith the selected problem. He may review two types of literature—the conceptual literatureconcerning the concepts and theories, and the empirical literature consisting of studies madeearlier which are similar to the one proposed. The basic outcome of this review will be theknowledge as to what data and other materials are available for operational purposes which willenable the researcher to specify his own research problem in a meaningful context.After this the researcher rephrases the problem into analytical or operational terms i.e., to putthe problem in as specific terms as possible. This task of formulating, or defining, a researchproblem is a step of greatest importance in the entire research process. The problem to beinvestigated must be defined unambiguously for that will help discriminating relevant data fromirrelevant ones.In fact, formulation of the problem often follows a sequential pattern where a number offormulations are set up, each formulation more specific than the preceding one, each onephrased in more analytical terms, and each more realistic in terms of the available data andresources.2. EXTENSIVE LITERATURE SURVEY:Once the problem is formulated, a brief summary of it should be written down. It is compulsoryfor a research worker writing a thesis for a Ph.D. degree to write synopsis of the topic andsubmit it to the necessary Committee or the Research Board for approval. At this juncture theresearcher should undertake extensive literature survey connected with the problem.For this purpose, the abstracting and indexing journals and published or unpublished
Page 6
- BUSINESS RESEARCH METHODS, 4TH SEMESTER BBA, BANGALORE CENTRAL UNIVERSITYVinutha T.N, Assistant Professor, MES Institute of Management7bibliographies are the first place to go to. Academic journals, conference proceedings,government reports, books etc., must be tapped depending on the nature of the problem. In thisprocess, it should be remembered that one source will lead to another. The earlier studies, ifany, which are similar to the study in and should be carefully studied. A good library will be agreat help to the researcher at this stage.3. DEVELOPMENT OF WORKING HYPOTHESES:After extensive literature survey, researcher should state in clear terms the working hypothesisor hypotheses. Working hypothesis is tentative assumption made in order to draw out and testits logical or empirical consequences. In most types of research, the development of workinghypothesis plays an important role. Hypothesis should be very specific and limited to the pieceof research in hand because it has to be tested.The role of the hypothesis is to guide the researcher by delimiting the area of research and tokeep him on the right track. It sharpens his thinking and focuses attention on the more importantfacets of the problem. It also indicates the type of data required and the type of methods of dataanalysis to be used.How does one go about developing working hypotheses? The answer is by using the followingapproach:a. Discussions with colleagues and experts about the problem, its origin and the objectivesin seeking a solution;b. Examination of data and records, if available, concerning the problem for possible trends,peculiarities and other clues;c. Review of similar studies in the area or of the studies on similar problems; andd. Exploratory personal investigation which involves original field interviews on a limitedscale with interested parties and individuals with a view to secure greater insight into thepractical aspects of the problem.Thus, working hypotheses arise as a result of a-prior thinking about the subject, examinationof the available data and material including related studies and the counsel of experts andinterested parties. It may as well be remembered that occasionally we may encounter aproblem where we do not need working hypotheses, especially in the case of exploratory orformularies researches which do not aim at testing the hypothesis. But as a general rule,specification of working hypotheses in another basic step of the research process in mostresearch problems.4. PREPARING THE RESEARCH DESIGN:The research problem having been formulated in clear cut terms, the researcher will be requiredto prepare a research design, i.e., he will have to state the conceptual structure within whichresearch would be conducted. The preparation of such a design facilitates research to be asefficient as possible yielding maximal information.In other words, the function of research design is to provide for the collection of relevant
Page 7
- BUSINESS RESEARCH METHODS, 4TH SEMESTER BBA, BANGALORE CENTRAL UNIVERSITYVinutha T.N, Assistant Professor, MES Institute of Management8evidence with minimal expenditure of effort, time and money. But how all these can be achieveddepends mainly on the research purpose. Research purposes may be grouped into fourcategories, vi.,• Exploration,• Description,• Diagnosis, and• Experimentation.A flexible research design which provides opportunity for considering many differentaspects of a problem is considered appropriate if the purpose of the research study is that ofexploration. But when the purpose happens to be an accurate description sofa situation orof an association between variables, the suitable design will be one that minimizes bias andmaximizes the reliability of the data collected and analyses.There are several research designs, such as, experimental and non-experimental hypothesistesting. Experimental designs can be either informal designs (such as before-and-after withoutcontrol, after-only with control, before-and-after with control) or formal designs (such ascompletely randomized design, randomized block design, Latin square design, simple andcomplex factorial designs), out of which the researcher must select one for his own project.The preparation of the research design, appropriate for a particular research problem, involvesusually the consideration of the following:• the means of obtaining the information;• the availability and skills of the researcher and his staff (if any);• explanation of the way in which selected means of obtaining information will beorganized and the reasoning leading to the selection;• the time available for research; and• the cost factor relating to research, i.e., the finance available for the purpose.5. DETERMINING SAMPLE DESIGN:All the items under consideration in any field of inquiry constitute ‘universe’ or ‘population’.A complete enumeration of all the items in the ‘population’ is known as a census inquiry. Itcan be presumed that in such an inquiry when all the items are covered no element of chance isleft and highest accuracy is obtained. But in practice this may not be true.Even the slightest element of bias in such an inquiry will get larger and larger as the number ofobservations increases. Moreover, there is no way of checking the element of bias or its extentexcept through are survey or use of sample checks. Besides, this type of inquiry involves a greatdeal of time, money and energy. Not only this, census inquiry is not possible in practice under manycircumstances. For instance, blood testing is done only on sample basis.Hence, quite often we select only a few items from the universe for our study purposes. The itemsso selected constitute what is technically called sample. The researcher must decide the way ofselecting a sample or what is popularly known as the sample design. In other words, a sampledesign is a definite plan determined before any data are actually collected for obtaining a sample
Page 8
- BUSINESS RESEARCH METHODS, 4TH SEMESTER BBA, BANGALORE CENTRAL UNIVERSITYVinutha T.N, Assistant Professor, MES Institute of Management9from a given population. Thus, the plan to select 12 of a city’s 200 drugstores in a certain wayconstitutes a sample design.Samples can be either probability samples or non-probability samples. With probability sampleseach element has a known probability of being included in the sample but the non-probabilitysamples do not allow the researcher to determine this probability.Probability samples are those based on simple random sampling, systematic sampling, stratifiedsampling, cluster/area sampling whereas non-probability samples are those based on conveniencesampling, judgment sampling and quota sampling techniques. A brief mention of the importantsample designs is as follows:i. Deliberate sampling: Deliberate sampling is also known as purposive or non-probability sampling. This sampling method involves purposive or deliberate selectionof particular units of the universe for constituting a sample which represents theuniverse. When population elements are selected for inclusion in the sample based onthe ease of access, it can be called convenience sampling. If a researcher wishes to securedata from, say, gasoline buyers, he may select a fixed number of petrol stations and mayconduct interviews at these stations. This would be an example of convenience sampleof gasoline buyers. At times such a procedure may give very biased results particularlywhen the population is not homogeneous. On the other hand, in judgment sampling theresearcher’s judgment disused for selecting items which he considers as representativeof the population. For example, a judgment sample of college students might be takento secure reactions to a new method of teaching. Judgment sampling is used quitefrequently in qualitative research where the desire happens to be to develop hypothesesrather than to generalize to larger populations.ii. Simple random sampling: This type of sampling is also known as chance sampling orprobability sampling where each and every item in the population has an equal chanceof inclusion in the sample and each one of the possible samples, in case of finiteuniverse, has the same probability of being selected. For example, if we have to select asample of 300items from a universe of 15,000 items, then we can put the names ornumbers of all the15,000 items on slips of paper and conduct a lottery. Using the randomnumber tables is another method of random sampling. To select the sample, each itemis assigned a number from 1 to 15,000. Then, 300 five-digit random numbers areselected from the table. To do this we select some random starting point and then asystematic pattern is used in proceeding through the table. We might start in the 4th row,second column and proceed down the column to the bottom of the table and then moveto the top of the next column to the right. When a number exceeds the limit of thenumbers in the frame, in our case over 15,000, it is simply passed over and the nextnumber selected that does fall within the relevant range. In the numbers were placed inthe table in a completely random fashion, the resulting sample is random. This proceduregives each item an equal probability of being selected. In case of infinite population, theselection of each item in a random sample is controlled by the same probability and thatsuccessive selections are independent of one another.
Page 9
- BUSINESS RESEARCH METHODS, 4TH SEMESTER BBA, BANGALORE CENTRAL UNIVERSITYVinutha T.N, Assistant Professor, MES Institute of Management10iii. Systematic sampling: In some instances, the most practical way of sampling is to selectevery 15th name on a list, every 10th house on one side of a street and so on. Samplingof this type is known as systematic sampling. An element of randomness is usuallyintroduced into this kind of sampling by using random numbers to pick up the unit withwhich to start. This procedure is useful when sampling frame is available in the form ofa list. In such design the selection process starts by picking some random point in thelist and then every nth element is selected until the desired number is secured.iv. Stratified sampling: If the population from which a sample is to be drawn does notconstitute homogeneous group, then stratified sampling technique is applied so as toobtain representative sample. In this technique, the population is stratified into a numberof non-overlapping subpopulations or strata and sample items are selected from eachstratum. If the items selected from each stratum is based on simple random sampling theentire procedure, first stratification and then simple random sampling, is known asstratified random sampling.v. Quota sampling: In stratified sampling the cost of taking random samples fromindividual strata is often so expensive that interviewers are simply given quota to befilled from different strata, the actual selection of items for sample being left to theinterviewer’ judgment. This is called quota sampling. The size of the quota for eachstratum is generally proportionate to the size of that stratum in the population. Quotasampling is thus an important form of non-probability sampling. Quota samplesgenerally happen to be judgment samples rather than random samples.vi. Cluster sampling and area sampling: Cluster sampling involves grouping thepopulation and then selecting the groups or the clusters rather than individual elementsfor inclusion in the sample. Suppose some departmental store wishes to sample its creditcard holders. It has issued its cards to 15,000 customers. The sample size is to be keptsay 450. For cluster sampling this list of 15,000 card holders could be formed into 100clusters of 150 cardholders each. Three clusters might then be selected for the samplerandomly. The sample size must often be larger than the simple random sample to ensurethe same level of accuracy because is cluster sampling procedural potential for orderbias and other sources of error is usually accentuated. The clustering approach can,however, make the sampling procedure relatively easier and increase the efficiency offield work, especially in the case of personal interviews. Area sampling is quite close tocluster sampling and is often talked about when the total geographical area of interesthappens to be big one. Under area sampling we first divide the total area into a numberof smaller non-overlapping areas, generally called geographical clusters, then a numberof these smaller areas are randomly selected, and all units in these small areas areincluded in the sample. Area sampling is especially helpful where we do not have thelist of the population concerned. It also makes the field interviewing more efficient sinceinterviewer can do many interviews at each location.vii. Multi-stage sampling: This is a further development of the idea of cluster sampling.This technique is meant for big inquiries extending to a considerably large geographicalarea like an entire country. Under multi-stage sampling the first stage may be to selectlarge primary sampling units such as states, then districts, then towns and finally certain
Page 10
Download this file to view remaining 7 pages
Related documents:
- Vyakarana 1 Core IV MCQs - MCQ
- Philosophy (Paper II) 2017 Question Paper - Question Paper
- Business Regulatory Framework (Mercantile Law) (301) - MCQ
- Physics (Paper II) 2017 Question Paper - Question Paper
- GEOGRAPHY-PAPER-I (2018) - Question Paper
- (BRM) Statistical Methods - Notes
- Sociology (Paper II) 2020 Question Paper - Question Paper
- Sociology (Paper II) 2018 Question Paper - MCQ
- Differential Equation (Solved MCQs and Notes) - Notes
- QP IFSM-23 GENERAL ENGLISH - Question Paper
- Human Resources Planning Development - Notes
- The Rise of Modern China Questions with answers - Question Bank
- Advertising adn sales promotion MCQs with Answers - MCQ
- Pharmaceutical Chemistry – II - MCQ
- Element of Company Law - MCQ
- Electrostatics - I - ELECTROMAGNETICS MCQs - MCQ
- Operating System MCQs - MCQ
- COMMODITIES MARKET - STOCK AND COMMODITY MARKET - Notes
- PAYING BANKER AND COLLECTING BANKER - Banking regulation and operations (BRO) - Notes
- Commerce and Accountancy (Paper I) 2017 Question Paper - Question Paper