Research Methodology (2 Edition) : by Ranjit Kumar
Research Methodology (2 Edition) : by Ranjit Kumar
Research Methodology (2 Edition) : by Ranjit Kumar
By Ranjit Kumar
2. Research Methodology
A complete Direction for Learners
By M. A. Salam Akanda
Research: A Way of Thinking
Research: A way of examining your practice
Service provider:
How many people are using the service or the product?
Why do some people use the service/product while
others do not?
How effective is the service/product?
How can the service/product be improved?
Which type of people use or do not use the
service/product?
How satisfied or dissatisfied are the consumers of the
service/product?
What are the problems with the service/product?
Application of Research (Cont.)
Administrator/manager or planner:
Consumer:
Research-
1. Is being undertaken within a framework of a set of
philosophies;
1. Controlled
2. Rigorous (follows procedure)
3. Systematic (logical sequence)
4. Valid and verifiable(verifiable by others)
5. Empirical (information from real life experience or
observation)
6. Critical (process of investigation must be free from any
drawbacks)
TYPES OF RESEARCH
Based on Application:
-Pure research
--Applied research
Based on Objectives:
--Descriptive research
--Correlational
--Explanatory
--Exploratory
For Example, A study into the ways of improving the levels of customer
retention for Agora in Dhaka City.
Or, Research to identify social, economic or political trends that may
affect a particular instityution.
Pure Vs Applied Research
The difference between applied and fundamental or pure research is
straightforward – findings of applied research can be applied to resolve
issues, whereas pure researches are used simply to explore certain issues
and elements. Moreover, differences between applied and basic research
can be summarized into three points:
1. Differences in purpose: Purpose of applied studies is closely
associated with the solution of specific problems, while the purpose of
pure research relate to creation of new knowledge or expansion of the
current knowledge without any concerns to applicability.
2. Differences in context: In applied studies, research objectives are set
by clients or sponsors as a solution to specific problems they are facing.
Pure research, on the other hand, are usually self-initiated in order to
expand the levels of knowledge in certain areas.
3. Differences in methods: Research validity represents an important
point to be addressed in all types of studies. Nevertheless, applied studies
are usually more concerned with external validity, whereas internal
validity can be specified as the main point of concern for fundamental
researchers.
TYPES OF RESEARCH (Cont.)
B. Based on Objectives:
1. Descriptive research
Descriptive research is used to describe characteristics of a population or
phenomenon being studied.
It does not answer questions about how/when/why the characteristics
occurred. Rather it addresses the "what" question. The characteristics
used to describe the situation or population are usually some kind of
categorical scheme also known as descriptive categories.
For example, an apparel brand creates a survey asking general questions
that measure the brands image.
2. Correlational research
Correlational research is a type of non-experimental research in which the
researcher measures two variables and assesses the statistical
relationship (i.e., the correlation) between them with little or no effort to
control extraneous variables.
Example: Why are people involved in crime in Dhaka city? Can we
explain this as a consequence of present crisis in the job market or
lack of parental care?
TYPES OF RESEARCH (Cont.)
B. Based on Objectives (Cont.)
3. Explanatory Research attempts to clarify why and how there is a
relationship between two or more aspects of a situation or
phenomenon. It is actually a type of research design which focuses on
explaining the aspects of your study in a detailed manner.
Usually, this type of research relies on several important techniques:
secondary research – such as looking for newly available literature.
informal qualitative approaches, such as talking with other people,
competitors or consumers.
formal qualitative research through in-depth interviews, focus groups,
projective methods, case studies or pilot studies
4. Exploratory research as the name implies, intends merely to explore
the research questions and does not intend to offer final and
conclusive solutions to existing problems.
This type of research is usually conducted to study a problem that has not
been clearly defined yet.
This type of research helps to develop concepts more clearly.
C. Based on Inquiry modes
1. Structured (Quantitative) is a research method that is used to
generate numerical data and hard facts, by employing statistical, logical
and mathematical techniques.
Quantitative data collection methods include various forms of surveys –
online surveys, paper surveys, mobile surveys and kiosk surveys, face-to-
face interviews, telephone interviews, website interceptors, online polls,
and systematic observation.
Basis for
Qualitative research Quantitative research
comparison
Nature Holistic Particularistic
Approach Subjective Objective
Research type Exploratory Conclusive
Sampling Purposive Random
Data Verbal Measurable
Inquiry Process-oriented Result-oriented
Hypothesis Generated Tested
Elements of Words, pictures and objects Numerical data
analysis
Objective To explore and discover ideas To examine cause and effect
used in the ongoing processes. relationship between variables.
Methods Non-structured techniques like Structured techniques such as
In-depth interviews, group surveys, questionnaires and
discussions etc. observations.
Result Develops initial understanding Recommends final course of
action
ROLE OF BUSINESS RESEARCH
Business research is the management tool that companies
use to reduce uncertainty.
Manager can use business research in all stages of the
decision making process:
oto define the problem
oto identify opportunities
oto diagnose causal factors
oto clarify alternatives.
A manager determines whether business research should be
conducted based on
time constraints
the availability of data
the nature of the decision to be made
the benefits of the research information in relation to its
costs.
MAJOR TOPICS FOR RESEARCH IN BUSINESS
General Business Research
Short range forecasting (up to one year)
Long range forecasting (over one year)
Industry trends.