Introduc)on to Research ResearchMethods Learning Objectives • What is research and what different types are available? • The difference between good and poor research • Research philosophies • How to formulate solid hypotheses Blumberg,B.,Cooper,D.andSchindlerP.(2014)BusinessResearch Methods.Mac-GrawHill. What is Business Research? • A systematic inquiry, the objective of which is to provide information to solve managerial problems. Blumberg,B.,Cooper,D.andSchindlerP.(2014)BusinessResearch Methods.Mac-GrawHill. Why Study Research? • Research provides you with the knowledge and skills needed for the fast-paced decision-making environment Blumberg,B.,Cooper,D.andSchindlerP.(2014)BusinessResearch Methods.Mac-GrawHill. The Value of Acquiring Research Skills • To gather more information before selecting a course of action • To conduct a high-level research study • To understand research design • To assess the quality of research studies • To establish a career as a research specialist Blumberg,B.,Cooper,D.andSchindlerP.(2014)BusinessResearch Methods.Mac-GrawHill. Types Of Studies Used To Do Research • Reporting provides account or summation of data • Descriptive answers who, what, when, where and sometimes how questions • Explanatory theory based answering why and how questions • Predictive theory based attempting to predict future events Most business / management studies are descriptive or explanatory. Blumberg,B.,Cooper,D.andSchindlerP.(2014)BusinessResearch Methods.Mac-GrawHill. Different Styles of Research • Applied Research more directed to provide the base for immediate managerial decisions • Pure Research / Basic Research more directed to solve theoretical problems and paradoxes Blumberg,B.,Cooper,D.andSchindlerP.(2014)BusinessResearch Methods.Mac-GrawHill. What is Good Research? Following the standards of the scientific method: • Purpose clearly defined • Research process detailed • Research design thoroughly planned • Limitations frankly revealed • High ethical standards applied Blumberg,B.,Cooper,D.andSchindlerP.(2014)BusinessResearch Methods.Mac-GrawHill. What is Good Research? (cont.) Following the standards of the scientific method (cont.): • Adequate analysis for decision-maker’s needs • Findings presented unambiguously • Conclusions justified • Researcher’s experience reflected Blumberg,B.,Cooper,D.andSchindlerP.(2014)BusinessResearch Methods.Mac-GrawHill. rom Decision Problems to Research roblems Management/Decision Problem: • WhatDoWeNeedtoDo? Whatshouldbedonetoarrest thedeclineinmarketshareof BankX? ResearchProblem: • WhatDoWeNeedto Know? Whicharethestrengthsand weaknessesofBankXwithrespectto compePtors? MalhotraandBirks2007:41-42 rom Research Problems to Research bjec)ves ResearchProblem • WhatDoWeNeedto Know? Whicharethestrengthsand weaknessesofBankXwithrespectto compePtors? ResearchObjecPve: • WeneedtoknowX DeterminetherelaPvestrengths andweaknessesofBankX,vis-àvisothermajorcompePtors inIreland. MalhotraandBirks2007:41-42 Is Research always problem-solving based? • AppliedResearch: • emphasisonpracPcalproblem-solving • moredirectedtoprovidethebaseforimmediatemanagerialdecisions • E.g.IsCompanyXana9rac:veacquisi:ontarget? • BasicResearch • emphasisongeneraPngtheorythatwillsetacontextforsubsequentpracPcalproblem-solving • moredirectedtosolvetheorePcalproblemsandparadoxes • E.g.Whichspecificcompanycharacteris:csrenderitana9rac:veacquisi:ontarget? Inanutshell:Yes,researchisalwaysorientedtowardsolvingproblems. BothappliedandbasicresearchneedtobescienPfic. Blumberg,CooperandSchindler2014:11-1 Characteris)cs of scien)fic research (I) • Purposeclearlydefined • Managementproblem:thestarPngpoint • ResearchproblemàresearchobjecPve:unambiguousandclear • Researchprocessdetailed • DescribeproceduresinsufficientdetailtoallowthereplicaPonofresearch • Researchproposal • IdenPficaPonofsources–descripPonofmethodologicaldetails • Researchdesignthoroughlyplanned • Everythingisplannedinadvance(literaturereview,sampling,datacollecPontoolsetc.) Blumberg,CooperandSchindler2014:12-1 Characteris)cs of scien)fic research (II) • Highethicalstandardsapplied • Ethicalissues:moralconcerns,parPcipants’safety Seealso:Consequencesof FakingData[intextbook] • Limita:onsfranklyrevealed • AcknowledgelimitaPons • EsPmatetheireffectonresearchfindings • Adequateanalysisfordecisionmaker’sneeds • Findingspresentedunambiguously • Clearandpreciselanguage,‘hedging’ • EfforttoachievemaximumobjecPvity Blumberg,CooperandSchindler2014:12-1 Characteris)cs of scien)fic research (III) • Conclusionsjus:fied • Conclusionsmuststrictlyderivefromthefindings • NopersonalinterpretaPons • Researcher’sexperiencereflected • Researcherprovidesexperience/credenPalswithreport Seealso:Areyouagood researcher?[intextbook] Blumberg,CooperandSchindler2014:12-1 Are you a good researcher? Yes Doyouopendoorstoseewhatisbehindit? Ifpeopleactstrangely,Iaskthemwhytheydoso? DoyoulookthingsupindicPonariesorencyclopaedias? Doyougoonholidaytothesameplace? Do you like to take the other side in a discussion just to tease the other with “brilliant”arguments? AreyoueasilysaPsfied? □ □ □ □ □ □ DoyouquesPonnumberspresentedinnewspaperarPcles? □ No □ □ □ □ □ □ □ Blumberg,B.,Cooper,D.andSchindlerP.(2014)BusinessResearchMethods. GrawHill. References/ Reading • Blumberg,B.,Cooper,D.andSchindlerP.(2014)BusinessResearch Methods.Mac-GrawHill.Chapter1 • Zikmund,W.G.,Babin,B.J.,Carr,J.C.&Griffin,M.(2012)Business ResearchMethods.CengageLearning.Chapter1 • O'Leary,Z.(2004)TheEssenOalGuidetoDoingResearch.Sage. Chapter1 • Malhotra,N.K.&Birks,D.F.(2007)MarkeOngResearch:AnApplied Approach.PearsonEducaPonLimited.Chapter1
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