Business Research Methods Chap003

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Transcript of Business Research Methods Chap003

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Page 2: Business Research Methods Chap003

3-2McGraw-Hill/Irwin © 2003 The McGraw-Hill Companies, Inc.,All Rights

Reserved.

Part OneINTRODUCTION TO

BUSINESS RESEARCH

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Chapter ThreeTHE RESEARCH PROCESS

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The Management-ResearchQuestion Hierarchy

Management Dilemma

Measurement QuestionsInvestigative

Questions

Research Questions

Management Questions

Management Decision

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Working with the Hierarchy

• Management Dilemma

– The symptom of an actual problem– Not difficult to identify a dilemma,

however choosing one to focus on may be difficult

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Working with the Hierarchy

• Management Question Categories

– Choice of purposes or objective

– Generation and evaluation of solutions

– Troubleshooting or control situation

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Working with the Hierarchy

• Fine tune the research question– Examine concepts and constructs – Break research questions into specific

second-and-third-level questions– Verify hypotheses with quality tests– Determine what evidence answers the

various questions and hypothesis– Set the scope of your study

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Working with the Hierarchy

• Investigative Questions

– Questions the researcher must answer to satisfactorily arrive at a conclusion about the research question

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Working with the Hierarchy

• Measurement Questions

– The questions we actually ask or extract from respondents

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Other Processes in the Hierarchy

• Exploration– Recent developments– Predictions by informed figures about

the prospects of the technology– Identification of those involved in the

area– Accounts of successful ventures and

failures by others in the field

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Research Process Problems

• The Favored Technique Syndrome

• Company Database Strip-Mining

• Unresearchable Questions

• Ill-Defined Management Problems

• Politically Motivated Research

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Designing the Study

• Select a research design from the large variety of methods, techniques, procedures, protocols, and sampling plans

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Resource Allocation & Budgets

• Guides to plan a budget– Project planning– Data gathering– Analysis, interpretation, and reporting

• Types of budgeting– Rule-of-thumb– Departmental or functional area– Task

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Evaluation Methods

• Ex Post Facto Evaluation

• Prior Evaluation

• Option Analysis

• Decision Theory

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Contents of a Research Proposal

• Statement of the research question

• Brief description of research methodology

• Pilot Testing

• Data collection

• Data preparation

• Data analysis and interpretation

• Research reporting

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Data Collection

• Characterized by– abstractness– verifiability– elusiveness– closeness to the phenomenon

• Types– Secondary data– Primary data

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Final Steps in Research

• Data analysis

• Reporting the results

– Executive summary

– Overview of the research

– Implementation strategies for the recommendations

– Technical appendix