Emerging Areas in Management
Emerging Areas in Management
Name: KAVYA S
1) What do you think is the purpose of Research? Explain with suitable examples.
Research is simply a detailed and focused study, using scientific methods to get a
better understanding on existing things.
Research helps us to determine the cause or reason for existence of such things.
Research is mainly done for two purposes:
To understand the things around us, leaving us questioning on origin of their
existence why things or process are the way they do& try manipulating
things to make it easier. For Example Basic research to study on the existence
of an experimental fact.
To understand the application of these process with motive of implementing
advance resources to improve the efficiency or importance of their
occurrence. For example applied research to study on characteristics or
properties of such experimental fact knowing the benefits or hazards on
humans & if any such hazard found efforts are made to resolve.
2) Define the term research design? What is the relationship among exploratory, descriptive
and casual research explain with suitable examples?
Research Design is a strategic plan for a project or research programme which
outlines the important features of the work to be performed, which includes
method data collection, analysis to be used showing the way the research deals
with specific aims & objectives of the study.
Research design specifies the issue being theoretical or policy oriented.
Exploratory Research is conducted to explore a group of questions while
examining a project. It also helps in given precise conclusive data or evidence
which serves as a foundation for any research. For example: study of chemical
elements in a periodic table.
Descriptive Research focuses on describing, explaining & validating the data
collected during a research. For example: To understand the positioning of the
chemical elements based on electronic configuration, atomic number & chemical
properties.
Casual Research is conducted to understand the changes due to implementation of
different tactics or methodology in a standard procedure. For example to study the
ease or difficulty in understanding the information the way it is presented. If
required manipulating it to give better understanding or being more efficient.
3) Assume the role of marketing manager of Sweet cookies, Inc. and have your partner
assume the role of a researcher hired by the firm. Discuss the issue and formulate the
appropriate.
5) What is the difference between primary data and secondary data? What is the purpose of
questionnaire in connection with primary data, explain with suitable example (minimum
of 25 variables – questionnaire)
Data collection plays a very crucial role in the statistical analysis. In
research, there are different methods used to collect information which is categorized into
two i.e. primary data and secondary data.
Following are few differences between primary data and secondary data
Primary data is the data collected by the investigator for the first time which
is more reliable. Whereas Secondary data is the already existing data,
collected by the investigator agencies and organizations earlier.
Primary data is collected for addressing the problem at hand while secondary
data is collected for purposes other than the problem at hand.
Primary data collection is a very involved process and difficult to get. On the
other hand, secondary data collection is easy with available sources.
Primary data collection sources include surveys, observations, experiments,
questionnaire, personal interview, etc. On the contrary, secondary data
collection sources are government publications, websites, books, journal
articles, internal records etc.
Primary data collection consumes more time, cost and manpower making it
expensive. Comparatively, secondary data is economical and quickly
available.
Primary data is always specific to the researcher’s needs making him
reliable. But, secondary data is not specific to the researcher’s need.