Business Research Method – MBA Elite - II_Unit I & II
Business Research Method – MBA Elite - II_Unit I & II
Dr Satyajit Sinha
• Research is a systematic process of inquiry aimed at
discovering, interpreting, or revising facts, theories,
and applications. It involves investigating a specific
problem, question, or phenomenon to gain new
knowledge, confirm existing knowledge, or solve
practical issues. Research can be academic,
scientific, or applied, depending on its purpose.
Dr Satyajit Sinha
Importance of Research
in Business
1. Informed Decision-Making
• Businesses rely on research to make strategic decisions about market
trends, product development, and customer preferences.
• Data-driven insights help in making better business plans and avoiding
costly mistakes.
2. Understanding Market Trends
• Market research helps businesses stay updated with changing consumer
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regulatory requirements.
• It ensures smooth expansion and better chances of success.
10. Employee Satisfaction and Productivity
• Internal research on employee satisfaction, workplace culture, and performance can help
improve productivity and reduce turnover.
• Understanding employee needs can lead to a more engaged workforce.
11. Legal and Compliance Understanding
• Research helps businesses stay informed about legal requirements, industry regulations, and
compliance standards.
• This prevents legal issues and ensures ethical business operations.
12. Customer Retention and Loyalty
• Businesses can conduct research to understand customer feedback and improve their services.
• Satisfied customers are more likely to stay loyal and recommend the business to others.
5. Mixed-Methods Research: Combines both quantitative and qualitative approaches.
• Types of Research:
1. Basic (Pure) Research: Focuses on advancing fundamental knowledge 5. Descriptive Research: Describes characteristics or behaviors without establishing cause-
without immediate practical application. effect relationships.
Example: Studying how the brain processes language. Example: Surveying students’ study habits.
2. Applied Research: Solves practical problems using existing knowledge. 6. Experimental Research: Tests hypotheses by manipulating variables to establish cause-effect
Example: Developing a vaccine for a disease.
relationships.
3. Quantitative Research: Uses numerical data to measure and analyze Example: Testing a new drug in a controlled environment.
variables statistically.
Example: Measuring the effectiveness of a new teaching method using 7. Exploratory Research: Investigates a new or poorly understood topic to identify patterns and
test scores. generate hypotheses.
4. Qualitative Research: Explores non-numerical data, such as opinions, Example: Exploring the effects of remote learning on students' mental health.
experiences, and behaviors.
Example: Interviewing teachers about their perceptions of inclusive 8. Action Research: Aimed at solving specific issues within a community or organization, often
education. conducted by practitioners themselves.
Dr Satyajit Sinha Example: A teacher investigating methods to improve classroom engagement.
Problem Formulation
Focusing on problem formulation in research is critical because it sets the foundation for the entire study. A
well-defined problem ensures the research is meaningful, focused, and methodologically sound. Here's a
detailed guide to help you effectively formulate a research problem:
❖ Understand the Importance of Problem Formulation
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• 1. Informed Decision-Making
• Evidence-Based Decisions: Research provides data and evidence that help decision-makers understand
the full scope of a problem or situation, reducing uncertainty. It allows decisions to be based on facts, which
increases the likelihood of success.
• Example: In educational psychology, research findings on effective teaching strategies guide decisions
about which methods to implement in classrooms.
• 2. Risk Reduction
• Identifying Potential Risks: Research helps identify potential risks, challenges, and drawbacks
associated with a decision. By understanding these risks, decision-makers can plan strategies to mitigate
them.
• Example: In business, research on market trends can help identify potential financial risks before
launching a new product.
• 3. Evaluating Alternatives
• Comparative Analysis: Research allows decision-makers to compare different alternatives, weighing the
pros and cons of each option. This ensures that the best possible choice is made based on thorough
analysis.
• Example: A school district may research various educational programs, comparing their effectiveness,
costs, and outcomes, before choosing the one that best suits its students’ needs.
• 4. Improved Planning and Strategy
• Strategic Insights: Research provides insights into long-term trends and patterns, allowing organizations
to plan more effectively. It helps in setting goals, formulating strategies, and anticipating future challenges.
• Example: In special education, research on inclusive teaching practices can guide policy decisions to
ensure all students receive appropriate support.
• 5. Resource Allocation
• Optimizing Resources: Through research, decision-makers can understand where resources (time,
money, personnel) will have the greatest impact. This helps in allocating resources efficiently and effectively.
• Example: A government body may conduct research on community needs to allocate educational
funding where it is most required.
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Contd…
• 6. Problem-Solving
• Addressing Specific Issues: Research helps in identifying the root causes of problems and suggests possible solutions. It aids in developing practical solutions
that are tailored to specific situations.
• Example: Research in learning disabilities can inform educational interventions that address specific challenges faced by students with special needs.
• 7. Trend Identification
• Understanding Emerging Trends: Research helps in identifying emerging trends, allowing decision-makers to anticipate future developments and adapt
accordingly.
• Example: Research on digital learning tools can help educational institutions decide on the adoption of technology in classrooms before it becomes mainstream.
• Supporting Arguments with Data: Research provides credible and verifiable data that decision-makers can use to justify their decisions to stakeholders. This
increases the transparency and accountability of the decision-making process.
• Example: When proposing new policies in education, researchers can provide data on the success of similar initiatives elsewhere to strengthen their case.
• 9. Building Consensus
• Encouraging Collaboration: When decisions are backed by research, it becomes easier to align different stakeholders (e.g., educators, parents, policymakers)
around a common goal. This fosters collaboration and support for the decision.
• Example: Research on the benefits of inclusive education may help build consensus among school administrators, teachers, and parents regarding the
implementation of inclusive practices.
• Sustaining Growth: Research-driven decisions are more likely to lead to long-term benefits, as they are grounded in a deep understanding of the issue at hand. This
promotes sustained growth, stability, and development.
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• Example: Educational research into early childhood education can inform policies that foster long-term academic success for students.
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Emerging Trends in Business Research
6. Remote Work and Hybrid Work Models
1. Artificial Intelligence (AI) and Machine Learning in Business Research
• Research examines the impact of remote work on productivity, employee satisfaction, and organizational culture.
• AI-driven analytics help businesses process large datasets and extract valuable insights.
• Studies explore the effectiveness of hybrid work models in maintaining work-life balance.
• Machine learning algorithms predict market trends, consumer behavior, and operational efficiency. • AI-driven performance tracking and virtual collaboration tools are key focus areas.
• AI-powered chatbots and virtual assistants improve customer research and engagement. 7. The Gig Economy and Freelancing Research
2. Big Data Analytics • Growth in independent contracting and freelance work has led to research on gig worker policies.
• Studies explore the impact of digital platforms like Fiverr, Upwork, and Uber on employment trends.
• Businesses leverage big data to analyze patterns, trends, and correlations in consumer behavior.
• Research also looks into fair wages, job security, and benefits for gig workers.
• Predictive analytics helps businesses anticipate customer needs and make strategic decisions.
8. Blockchain and Cryptocurrency in Business
• Real-time data processing enhances market research accuracy. • Research on blockchain applications beyond cryptocurrency, such as smart contracts and decentralized finance
(DeFi).
3. Digital Transformation and E-commerce Research
• Studies focus on the impact of digital currencies on global trade and investment.
• Research focuses on how businesses can transition to digital platforms. • Businesses are exploring blockchain for secure supply chain management.
• Studies explore the impact of online marketplaces, mobile commerce, and social media on 9. Customer Experience (CX) and Personalization
consumer purchasing behavior.
• Research focuses on hyper-personalization using AI and big data.
• The role of blockchain technology in secure online transactions is a growing research area. • Businesses analyze customer journey mapping to enhance user experience.
4. Sustainability and Green Business Research • Virtual and augmented reality (VR/AR) are studied for immersive brand interactions.
• Increasing focus on corporate social responsibility (CSR) and sustainable business practices. 10. Diversity, Equity, and Inclusion (DEI) in Business
• Research explores the benefits of diverse workforces and inclusive leadership.
• Research explores renewable energy, eco-friendly supply chains, and circular economy models.
• Studies assess gender equity, equal pay, and strategies to reduce workplace bias.
• Consumer demand for ethically sourced and sustainable products is driving green marketing
studies. • Businesses implement DEI policies to improve employee engagement and innovation.
11. Social Media and Influencer Marketing Research
5. Behavioral Economics and Neuromarketing
• Studies on the impact of social media influencers on brand perception and sales.
• Studies analyze how psychological factors influence consumer decision-making.
• Research into algorithms and how businesses can optimize digital marketing strategies.
• Neuromarketing research uses brain imaging and biometrics to understand emotional responses to
branding. • Businesses analyze consumer engagement on platforms like Instagram, TikTok, and LinkedIn.
• Businesses use behavioral insights to improve product positioning and pricing strategies. Dr Satyajit Sinha
Formulation of Hypothesis
• A hypothesis is a clear and testable statement
or prediction about the relationship between
two or more variables. It is often used in
research and scientific studies to guide
investigation and provide a basis for testing
theories. A good hypothesis should be specific,
measurable, and based on existing knowledge
or observations. Types of Hypotheses:
1.Null Hypothesis (H₀): States that there is no relationship
Key Features of a Hypothesis:
or effect between the variables (e.g., "There is no significant
difference in test scores between group A and group B").
2.Alternative Hypothesis (H₁): States that there is a
Testable: It must be possible to examine the hypothesis through relationship or effect (e.g., "Group A will score significantly
experiments, observations, or other forms of empirical testing.
higher than group B on the test").
Predictive: It provides an expectation of outcomes based on 3.Directional Hypothesis: Predicts the direction of the
specific conditions. relationship (e.g., "Increased exercise leads to better mental
Falsifiable: It can be proven false or supported through evidence. health").
4.Non-directional Hypothesis: States a relationship exists
without specifying the direction (e.g., "There is a difference
Based on Existing Knowledge: It is formulated using prior
research, theories, or observations. Dr Satyajit Sinha in mental health scores based on exercise").
Flowchart illustrating the process of "Formulation of Hypothesis"
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Lecture
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Research Question and Questionnaire Designing
Research questions and questionnaires are essential for gathering data in business research. Below
is a step-by-step guide to designing effective research questions and questionnaires.
A good research question should be clear, specific, and researchable. It should focus on an
issue that can be investigated using qualitative or quantitative methods.
Characteristics of a Good Research Question
•Specific: Clearly defines the scope of research.
•Measurable: Allows for data collection and analysis.
•Relevant: Addresses an important problem or gap in knowledge.
•Feasible: Can be answered with available resources.
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Designing a Questionnaire
• A questionnaire is a structured tool used to collect data from
respondents. It should be clear, concise, and relevant to the research
question.
• Steps in Questionnaire Design
• Define the Objectives: Identify the purpose of the questionnaire
and the key information needed.
• Choose the Type of Questions:
• Closed-Ended Questions (Multiple choice, Likert scale,
Yes/No)
• Open-Ended Questions (Allow respondents to give
detailed responses)
• Ranking Questions (Prioritize preferences)
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Structure:
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Elements of research proposal
1. Title
•A clear, concise, and descriptive title that reflects the main topic of your
research.
2. Introduction / Background
7. Research Methodology
10. Significance of the Study •Estimated cost and financial plan for the research.
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Unit II -Research
Design::
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Research design is the blueprint or framework for conducting a
research study. It outlines the methods and procedures for collecting,
analyzing, and interpreting data to answer research questions or test
hypotheses. A well-structured research design ensures the study is
systematic, reliable, and valid.
• Kerlinger (1986):
"Research design is the plan, structure, and strategy of investigation conceived to
obtain answers to research questions and to control variance.“
• Creswell (2014):
"Research design refers to the overall strategy that integrates the different
components of a study in a coherent and logical way, ensuring it effectively
addresses the research problem."
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Key Components of Research Design
Research Problem & Objectives – Defines the purpose of the study.
Type of Research – Qualitative, Quantitative, or Mixed Methods.
Sampling Design – Selection of participants or data sources.
Data Collection Methods – Surveys, experiments, observations, interviews, etc.
Data Analysis Plan – Techniques used to process and interpret data.
Time Frame – Cross-sectional or longitudinal study.
Ethical Considerations – Ensuring integrity and confidentiality in research.
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6. Control of Variables 1. Clear Objectives
•A good design tries to control extraneous variables that might affect the •The research design should be aligned with the research questions and objectives.
outcome, ensuring that the effect measured is truly due to the independent •It must clearly define what the researcher wants to achieve.
variable.
2. Appropriate Methodology
7. Ethical Considerations •The design should employ the right methodology (qualitative, quantitative, or mixed-
•It should include provisions for informed consent, confidentiality, and methods) suitable for the research problem.
protection of participants' rights.
3. Reliability
8. Feasibility •The design should ensure that the measurement tools and procedures produce
•The research design should be realistic in terms of time, resources, and access consistent results over time and across different conditions.
to data or participants.
4. Validity
9. Flexibility •Internal Validity: The study should accurately demonstrate a causal relationship between
•While it should be well-structured, a good research design allows some room variables.
for adjustments based on unexpected findings or limitations. •External Validity: The results should be generalizable to the larger population.
•Construct Validity: The instruments should measure what they are supposed to
10. Appropriate Sampling measure.
•The sampling method should ensure a representative subset of the population
to allow for accurate inferences. 5. Replicability
•The study should be detailed enough so that other researchers can replicate it and obtain
similar results.
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1. Guides the Research Process
•It provides a clear framework and structure for conducting the research systematically.
•Helps the researcher stay focused and organized from start to finish.
4. Facilitates Replication
•A well-documented design allows other researchers to replicate the study, which
strengthens scientific reliability.
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5. Ensures Proper Measurement
10. Enhances the Overall Quality of Research •Helps in selecting appropriate tools and techniques for data collection and analysis.
•Ensures that variables are measured accurately and consistently.
•Ultimately, a good research design improves the credibility, 6. Controls Extraneous Variables
reliability, and scientific value of the research. •A good design incorporates strategies to manage or eliminate confounding variables, so
the results are more trustworthy.
Examples
•Studying the challenges faced by children with learning disabilities in Indian schools.
•Exploring the attitudes of teachers towards inclusive education before implementing
new policies.
•Investigating why students are losing interest in online learning during post-pandemic
times.
are used to gather non-numerical data that help in understanding concepts, experiences, or
Qualitative research tools social phenomena from a deeper, more subjective perspective. These tools allow researchers to
explore rich, detailed insights into people’s attitudes, behaviors, experiences, and social
contexts. Here are some key qualitative research tools:
Structured Interviews:
Involves asking a set of
predetermined questions
Interviews
in a specific order. It’s
formal and more
controlled.
Unstructured Interviews:
Semi-Structured Interviews: More conversational, with
A mix of pre-determined no fixed questions.
questions and open-ended Researchers allow the
prompts, allowing for interview to flow naturally
flexibility while maintaining and explore areas of
focus on specific themes. interest that emerge
during the discussion.
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Observations
• Participant Observation: The researcher becomes actively
involved in the community or group being studied, while still
observing their behaviors and interactions.
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Case Studies
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• 4. Content Analysis
• 5. Ethnography
• 6. Focus Groups
2. Construction Techniques
1. Thematic Apperception Test (TAT): Respondents create a story based on ambiguous pictures, revealing their emotions and motivations.
2. Cartoon or Picture Completion Test: A partial image or comic is provided, and respondents complete the scene with their own interpretation.
3. Completion Techniques
1. Story Completion: A respondent is given the beginning of a story and asked to complete it in their own words.
2. Dialogue Completion: Respondents are given an incomplete conversation and asked to fill in the blanks.
4. Choice/Ordering Techniques
5. Expressive Techniques
1. Role-Playing: Respondents act out a given scenario, revealing their attitudes and thought processes.
2. Drawing Techniques: Respondents are asked to draw an object, person, or situation, which is then analyzed for subconscious meanings (e.g., "Draw-A-Person" Test).
6. Third-Person Techniques
1. Personification: Respondents attribute human characteristics to objects, brands, or situations to reveal their attitudes.
2. Projection on Others: Instead of asking directly about themselves, respondents describe what "someone else" would do, think, or feel in a situation.
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Depth Interview (In-Depth Interview)
A Depth Interview is a qualitative research method used to gather detailed information, insights, and understanding of a participant’s thoughts, experiences, motivations,
and behaviors. It involves a one-on-one, open-ended, and often unstructured or semi-structured conversation between the interviewer and the respondent.
•To explore personal opinions, attitudes, experiences, or •Rich, detailed data •Time-consuming and expensive
emotions.
•Flexibility in questioning •Requires skilled interviewers
•To understand motivations behind behavior.
•Builds rapport with respondents •Data analysis can be complex
•To gather insights for developing surveys, questionnaires,
or theories. •Useful when discussing sensitive or •Not generalizable due to small
complex issues sample size
•Common in market research, psychological studies,
educational research, and social sciences. Examples of Use
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1.Unstructured or Semi-Structured
1. Flexible format; questions may evolve during the conversation.
2.Conducted with Experts or Informed Individuals
1. Participants are selected based on their experience or insights in a Purpose of Experience Survey
specific field.
3.Exploratory Purpose •To identify key issues, trends, or challenges in a field.
1. Used in the initial stages of research to gather background •To refine the research problem or hypothesis.
information. •To generate ideas for further study.
4.Subjective Data •To understand the context of a problem before quantitative research.
1. Focuses on opinions, experiences, and suggestions rather than
measurable data.
Dr Satyajit Sinha Characteristics
Descriptive Research Design •Structured and Well-defined – Uses a clear research plan with
specific objectives.
•Quantitative & Qualitative Methods – Surveys, observations, and case
Definition - Descriptive research design aims to systematically describe a studies.
phenomenon, population, or situation without manipulating variables. It •Focus on Description – Describes trends, characteristics, and
answers the "what," "when," "where," and "how" aspects of research. behaviors but does not establish cause-effect relationships.
Examples
•Conducting a survey on teacher satisfaction in special education schools.
Note : Attention-deficit/hyperactivity disorder (ADHD) is a
•Studying the percentage of students with ADHD in Indian classrooms. chronic mental disorder that affects a person's behavior. It's
•Describing the impact of technology on students’ academic performance. characterized by symptoms of inattention, hyperactivity, and
impulsivity.
Cross-Sectional Research Design
Definition:
A cross-sectional design involves collecting data at one point in time from a sample or
population to examine the relationship between variables.
Key Characteristics:
•Snapshot of a population
•Data collected once
•Often used in survey or observational studies
•Suitable for descriptive and correlational research
Example:
A researcher studies the stress levels of teachers from different schools in March 2025
to find correlations between workload and stress.
Advantages:
Limitations:
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Longitudinal Research Design
Definition:
A longitudinal design involves collecting data from the same subjects at multiple time
points to study changes over time.
Key Characteristics:
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Example:
A study tracks the academic progress of students with learning disabilities from Grade 1 to
Grade 5.
Advantages:
Limitations:
Definition: Definition:
The variable that the researcher manipulates or controls to observe its The variable that is measured or observed to assess the effect of the
effect on another variable. independent variable.
Purpose: Purpose:
It is the cause or the factor being tested. It is the effect or outcome being studied.
Example: Example:
In a study on how study time affects test scores: In the same study,
Independent variable = Study time (manipulated by the researcher) Dependent variable = Test scores (changes depending on study time)
Definition: Definition:
A variable that varies systematically with the independent variable and may Any variable other than the independent variable that might affect the
influence the dependent variable, but is not the primary interest of the dependent variable.
study.
Purpose:
Purpose:
Often included in analysis to control or account for its effect. These variables should be controlled or eliminated as they can confound
the results.
Example:
Example:
If you're studying the effect of exercise on weight loss, a concomitant
variable might be diet, which also affects weight loss but is not being In a classroom experiment, noise level, teacher behavior, or classroom
manipulated. Dr Satyajit temperature
Sinha could be extraneous variables affecting student performance.
5. Treatment 6. Control Group
Definition: Definition:
The condition or intervention applied to the experimental A group in an experiment that does not receive the treatment/intervention and is
group (based on the independent variable). used as a baseline for comparison.
Purpose: Purpose:
To observe its effect on the dependent variable. To compare results with the experimental group and isolate the effect of the
treatment.
Example:
Example:
If testing a new teaching method, the treatment is the use of One group of students gets the new teaching method (treatment group), while
that new method with one group. another gets traditional teaching (control group).
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Dr Satyajit Sinha