CHAPTER 1 - Introduction To Research
CHAPTER 1 - Introduction To Research
CONTENT
1. 2.
3.
4.
DEFINITION:
Business Research An organized, systematic effort to investigate a specific problem with the purpose of finding answers or solutions to it.
APPLIED RESEARCH
To solve a current problem faced by a manager in a work place. Ex: the product not selling well, corrective action need to be taken
EXPLORATORY
When not much is known about the situation at hand To better comprehend the nature of the problem To describe the characteristics of the variables of interest in a situation To delineate the cause of the problem
DESCRIPTIVE
CAUSAL
Report preparation
Planning a sample
Formulating conclusion
First stage- defining the problem Problem definition - the indication of a specific business decision area that will be clarified by answering research question - To set proper research objectives - Exploratory research
Second stage- planning research design Research design - master plan specifying the methods and procedures for collecting and analyzing the needed information.
Third stage- Planning a sample Sampling - Uses small number of items or a portion to make a conclusion regarding the whole population.