Assignment Research Methodology
Assignment Research Methodology
Meaning of Research
Management research is an unbiased, structured and sequential method of enquiry directed toward a
clear implicit or explicit business objective. This enquiry might lead to proving existing theorems and
models or arriving at new theories and models. Research helps in decision making, especially in business.
The Steps
With due concern for the economical completion of the research study, the design in such studies
must be rigid and not flexible and must focus attention on the following:
Based on the orientation of the research, i.e., exploratory, descriptive or casual, the researcher
has a number of techniques for addressing the stated objectives. These are termed in research
designs.
e) Sampling Design
It is not always possible to study the entire population. Thus, one goes about studying a small
and representative sub-group of the population. This sub-group is referred to as the sample of the
study.
f) Planning and Collecting data for research
The sampling plan helps in identifying the group to be tested and the data collection plan
helps in obtaining information from the specified population. The data collection methods may be
classified into primary and secondary data methods.
g) Data refining and preparation for analysis
Once the data is collected, it must be refined and processed in order to answer the research
questions and test the formulated hypothesis (if any).
h) Data Analysis and Interpretation of findings
This stage requires selecting the analytical tools for testing the obtained information.
Statistical tools such as frequency analysis, percentages, arithmetic mean, t-test and chi-square
analysis.
i) The research report and implications for the managers dilemma
The report preparation, from the problem formulation to the interpretation, is the final part of the
research process. This report has to give complete details about everything that was done right from
problem formulation, to the methodology followed to the conclusions of the study.
II. What are descriptive research designs? Explain the different kinds of descriptive research designs.
Descriptive Research Designs
As the name implies, the objective of descriptive research studies is to provide a comprehensive and
detailed explanation of the phenomena under study. The intended objective might be to give a detailed
sketch or profile of the respondent population being studied. For example, to design an advertising and sales
promotion campaign for high-end watches, a marketer would require a holistic profile of the population that
buys such luxury products. Thus a descriptive study, (which generates data on who, what, when, where, why
and how of luxury accessory brand purchase) would be the design necessary to fulfil the research objectives.
Descriptive research thus is conclusive studies. However, they lack the precision and accuracy of
experimental designs, yet it lends itself to a wide range of situations and is more frequently used in business
research. Based on the time period of the collection of the research information, descriptive research is
further subdivided into two categories: cross-sectional studies and longitudinal studies.
III. The procedure of testing hypothesis requires a researcher to adopt several steps. Describe in brief all
such steps.
A hypothesis is an assumption or a statement that may or may not be true. The hypothesis is tested
on the basis of information obtained from a sample. According to Grinnel, A hypotheses is written in such a
way that it can be proven or disproven by valid and reliable data-it is in order to obtain these data that we
perform our study. A hypothesis must be measureable and quantifiable.
The next step is to compute the value of the test statistic based upon a random sample of size n.
Once the value of test statistic is computed, one needs to examine whether the sample results fall in the
critical region or in the acceptance region.
Step 6: Making Decision.
The hypothesis may be rejected or accepted depending upon whether the value of the test statistic
falls in the rejection or acceptance region. Management decisions are based upon the statistical decision of
either rejecting or accepting the null hypothesis.
In case a hypothesis is rejected, the difference between the sample statistic and the hypothesized
population parameter is considered to be significant. On the other hand, if the hypothesis is accepted, the
difference between the sample statistic and the hypothesized population parameter is not regarded as
significant and can be attributed to chance.
IV. a)Distinguish between:
i. Schedules and Questionnaires
ii. Open ended and closed ended questions
b) Explain the questionnaire design process.
Questionnaire
1.
Schedule
2.
This method can be used only when respondents The information can be gathered even when
are literate and cooperative.
3.
Non response is usually high as many people do Non response is very low because this is filled
not respond and many return the questionnaire by enumerators who are able to get answers to
without answering all questions. Bias due to non all questions. But even in this their remains
4.
5.
sample is possible.
enumerators over relatively wider area.
The questionnaire method is likely to be very Information is collected well in time as they
slow since many respondents do not return the are filled by enumerators.
questionnaire.
Questionnaire is generally sent through mail to A schedule is generally filled by the research
informants to be answered as specified in a worker or enumerator, who can interpret the
covering letter, but otherwise without further questions when necessary
Shifts
I
II
III
A
10
10
12
Operator
B
8
12
10
C
12
14
11
D
13
15
14
Suppose we know that the sales of a product is influenced by the price level. In this case, sales are a
dependent variable and the price is the independent variable. Let there be three levels of price, namely, low,
medium and high. We wish to determine the most effective price level i.e. at which price level the sale is
highest. Here, the test units are the stores which are randomly assigned to the three treatment level. The
average sales for each price level is computed and examined to see whether there is any significant
difference in the sale at various price levels. The statistical technique to test for such a difference is called
analysis of variance (ANOVA).
b.
Sources of
Degrees of
Variation
freedom
Treatments
k-1
Sum of Squares
TrSS
Mean Square
MSTr=TrSS
k-1
k-1
MSTr
F
= MSE
(k-1)(n-1)
Blocks
n-1
SSB
MSB= SSB
n-1
n-1
MSB
F
MSE
(k-1)(n-1)
Error
(k-1) (n-1)
SSE
MSE= SSE
(k-1)(n-1)
Total
Kn-1
TSS
10 + 10 + 12 = 32
T.2 = 8 + 12 + 10 = 30
T.3
= 12 + 14 + 11 = 37
T.4
= 13 + 15 + 14 = 42
VI. Explain the Structure of the Research Report. What are the guidelines for effective report writing?
A correct and effective language of communication is critical in putting ideas and objectives in the
vernacular of the reader/decision maker.
Phrasing Protocol
The use of personal pronoun such as I think, or In my opinion lends a subjectivity and
personalization of judgment. Thus, the tone of reporting should be neutral. Whenever the writer is
reproducing the verbatim information from another document or comment of an expert or published
source, it must be in inverted commas or italics and the author or source should be duly
acknowledged.
Simplicity of Approach
Along with grammatically and structurally correct language, care must be taken to avoid technical
jargon as far as possible. In case it is important to use certain terminology, then, the definition of
these terms can be provided in the glossary of terms at the end of the report.
Report Formatting and Presentation.
In terms of paper quality, page margins and font style and size, a professional standard should be
maintained. The font style must be uniform throughout the report. The topics, subtopics, headings
and subheadings must be constructed in the same manner throughout the report. The researcher can
provide data relief and variation by adequately supplementing the text with graphs and figures.