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The Business Research Process
Information
‡ Reduces uncertainty
‡ Helps focus decision making
Types Of Research
‡ Exploratory
‡ Descriptive
‡ Causal
Uncertainty Influences
              The Type Of Research
CAUSAL OR     COMPLETELY       ABSOLUTE    EXPLORATORY
DESCRIPTIVE   CERTAIN          AMBIGUITY
Degree of Problem Definition
Exploratory Research            Descriptive Research           Causal Research
(Unaware of Problem)            (Aware of Problem)             (Problem Clearly Defined)

 ³Our sales are declining and   ³What kind of people are buying ³Will buyers purchase more of
  we don¶t know why.´           our product? Who buys our       our products in a new package?
                                competitor¶s product?´
 ³Would people be interested                                    ³Which of two advertising
 in our new product idea?´      ³What features do buyers prefer campaigns is more effective?´
                                in our product?´
Exploratory Research

            Secondary data

           Experience survey

             Pilot studies




                               6
Exploratory Research
‡ Initial research conducted to clarify and
  define the nature of a problem
‡ Does not provide conclusive evidence
‡ Subsequent research expected
Descriptive Research
‡ Describes characteristics of a population or
  phenomenon
‡ Some understanding of the nature of the
  problem
I keep six honest serving men, (they
taught me all I knew), their names are
what, and why, and when, and how,
and where and who.µ
                        --Rudyard Kipling




                                            9
Descriptive Research Example
‡   Weight Watchers average customer
‡   Woman about 40 years old
‡   Household income of about $50,000
‡   At least some college education
‡   Trying to juggle children and a job
Descriptive Research Example
‡   Men¶s fragrance market
‡   1/3 size of women¶s fragrance market
‡   But growing at a faster pace
‡   Women buy 80 % of men¶s fragrances
Causal Research
‡ Conducted to identify cause and effect
  relationships
Identifying Causality
‡ A causal relationship is impossible to prove.
‡ Evidence of causality:
  ± 1. The appropriate causal order of events
  ± 2. Concomitant variation--two phenomena
   vary together
  ± 3. An absence of alternative plausible
   explanations
Stages of the Research Process
Problem Discovery               Discovery and
  and Definition                  Definition



  Research          and so on
   Design                            Conclusions and
                                         Report


       Sampling
                                      Data Processing
                                       and Analysis
                      Data
                    Gathering
Research Stages
‡ Cyclical process - conclusions generate new
  ideas
‡ Stages can overlap chronologically
‡ Stages are functionally interrelated
  ± Forward linkages
  ± Backward linkages
Problem Discovery                       Problem                                                                                     Selection of
  and Definition                        discovery                                                                               exploratory research
                                                                                                                                     technique
                                                                                                             Sampling

                                      Selection of
                                  exploratory research
                                       technique                                                                            Probability     No probability



          Secondary
                                 Experience            Pilot              Case                                                     Collection of
          (historical)                                                                                       Data
                                   survey              study              study                                                         data
             data                                                                                            Gathering
                                                                                                                                    (fieldwork)

                                                                                                              Data                  Editing and
                                    Problem definition                                                        Processing
                                                                                                                                      coding
                                      (statement of                                                           and
                                                                                                              Analysis                 data
                                   research objectives)

                                                                                                                                       Data
                                       Selection of                                                                                 processing
Research Design                       basic research
                                         method                                                               Conclusions
                                                                                                                                   Interpretation
                                                                                                              and Report
                                                                                                                                         of
                                                                                                                                      findings
         Experiment                                   Survey
                                                                                                Secondary
     Laboratory          Field            Interview       Questionnaire           Observation
                                                                                                Data Study
                                                                                                                                      Report
Problem Discovery And
              Definition
‡   First step
‡   Problem, opportunity, or monitor operations
‡   Discovery before definition
‡   Problem means management problem
Defining Problem Results in
   Clear Cut Research Objectives
Symptom Detection


    Analysis of
   the Situation
                         Exploratory
                          Research
                          (Optional)
Problem Definition


   Statement of
Research Objectives
³The formulation of the problem
 is often more essential than its
           solution´

        Albert Einstein
State the research
questions and research
      objectives




                         20
Hypothesis
‡ A statement
‡ that can be refuted
‡ by empirical data
If you do not know where you are going,
      any road will take you there.
Experience   Case
Secondary      Pilot                              Study
                                      Survey
(historical)
 historical)   Study
   Data




                       Exploratory
                        Research
Exploratory Research Techniques
             Two Examples
‡ Secondary data (historical data)
  ± Previously collected
  ± Census of population
  ± Literature survey
‡ Pilot study
  ± A number of diverse techniques
Focus Group Interview
Basic Research Methods
‡   Surveys
‡   Experiments
‡   Secondary data
‡   Observation
Selecting a Sample

Sample: subset             SAMPLE
of a larger population.
            population.



                          POPULATION
Sampling
‡ Who is to be sampled?
‡ How large a sample?
‡ How will sample units be selected?
Data Gathering Stage
Data Processing and Analysis
Conclusions And Report Writing
‡ Effective communication of the research
  findings
Conclusions and Report
‡ Report must contain executive summary,
  introduction, review of past research,
  methodology, results, conclusions, and
  recommendations.
‡ Report must contain enough information for
  the study to be replicated

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Business research-process

  • 2. Information ‡ Reduces uncertainty ‡ Helps focus decision making
  • 3. Types Of Research ‡ Exploratory ‡ Descriptive ‡ Causal
  • 4. Uncertainty Influences The Type Of Research CAUSAL OR COMPLETELY ABSOLUTE EXPLORATORY DESCRIPTIVE CERTAIN AMBIGUITY
  • 5. Degree of Problem Definition Exploratory Research Descriptive Research Causal Research (Unaware of Problem) (Aware of Problem) (Problem Clearly Defined) ³Our sales are declining and ³What kind of people are buying ³Will buyers purchase more of we don¶t know why.´ our product? Who buys our our products in a new package? competitor¶s product?´ ³Would people be interested ³Which of two advertising in our new product idea?´ ³What features do buyers prefer campaigns is more effective?´ in our product?´
  • 6. Exploratory Research Secondary data Experience survey Pilot studies 6
  • 7. Exploratory Research ‡ Initial research conducted to clarify and define the nature of a problem ‡ Does not provide conclusive evidence ‡ Subsequent research expected
  • 8. Descriptive Research ‡ Describes characteristics of a population or phenomenon ‡ Some understanding of the nature of the problem
  • 9. I keep six honest serving men, (they taught me all I knew), their names are what, and why, and when, and how, and where and who.µ --Rudyard Kipling 9
  • 10. Descriptive Research Example ‡ Weight Watchers average customer ‡ Woman about 40 years old ‡ Household income of about $50,000 ‡ At least some college education ‡ Trying to juggle children and a job
  • 11. Descriptive Research Example ‡ Men¶s fragrance market ‡ 1/3 size of women¶s fragrance market ‡ But growing at a faster pace ‡ Women buy 80 % of men¶s fragrances
  • 12. Causal Research ‡ Conducted to identify cause and effect relationships
  • 13. Identifying Causality ‡ A causal relationship is impossible to prove. ‡ Evidence of causality: ± 1. The appropriate causal order of events ± 2. Concomitant variation--two phenomena vary together ± 3. An absence of alternative plausible explanations
  • 14. Stages of the Research Process Problem Discovery Discovery and and Definition Definition Research and so on Design Conclusions and Report Sampling Data Processing and Analysis Data Gathering
  • 15. Research Stages ‡ Cyclical process - conclusions generate new ideas ‡ Stages can overlap chronologically ‡ Stages are functionally interrelated ± Forward linkages ± Backward linkages
  • 16. Problem Discovery Problem Selection of and Definition discovery exploratory research technique Sampling Selection of exploratory research technique Probability No probability Secondary Experience Pilot Case Collection of (historical) Data survey study study data data Gathering (fieldwork) Data Editing and Problem definition Processing coding (statement of and Analysis data research objectives) Data Selection of processing Research Design basic research method Conclusions Interpretation and Report of findings Experiment Survey Secondary Laboratory Field Interview Questionnaire Observation Data Study Report
  • 17. Problem Discovery And Definition ‡ First step ‡ Problem, opportunity, or monitor operations ‡ Discovery before definition ‡ Problem means management problem
  • 18. Defining Problem Results in Clear Cut Research Objectives Symptom Detection Analysis of the Situation Exploratory Research (Optional) Problem Definition Statement of Research Objectives
  • 19. ³The formulation of the problem is often more essential than its solution´ Albert Einstein
  • 20. State the research questions and research objectives 20
  • 21. Hypothesis ‡ A statement ‡ that can be refuted ‡ by empirical data
  • 22. If you do not know where you are going, any road will take you there.
  • 23. Experience Case Secondary Pilot Study Survey (historical) historical) Study Data Exploratory Research
  • 24. Exploratory Research Techniques Two Examples ‡ Secondary data (historical data) ± Previously collected ± Census of population ± Literature survey ‡ Pilot study ± A number of diverse techniques
  • 26. Basic Research Methods ‡ Surveys ‡ Experiments ‡ Secondary data ‡ Observation
  • 27. Selecting a Sample Sample: subset SAMPLE of a larger population. population. POPULATION
  • 28. Sampling ‡ Who is to be sampled? ‡ How large a sample? ‡ How will sample units be selected?
  • 31. Conclusions And Report Writing ‡ Effective communication of the research findings
  • 32. Conclusions and Report ‡ Report must contain executive summary, introduction, review of past research, methodology, results, conclusions, and recommendations. ‡ Report must contain enough information for the study to be replicated