RM All Lectures FT

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    BUSINESS

    RESEARCH

    METHODOLOGY

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    OUR JOB

    Our major objectives are.

    To understand the importance of research in

    business.To understand the various terminologies related

    to research.

    To understand the process of business

    research.To conduct research in area of your interest .

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    An Example..

    You want to know your Employees opinion

    about having a health center in your organization.

    Think of the steps that you would take to get theanswer .

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    The things that would have struck your mindare.

    You will be ( Who )

    Asking your employees ( Whom )

    Their opinion ( What )

    Through interview OR questionnaire ( How )

    While they are in the office ( Where )

    During lunch time ( When )

    To find out if they need a health centre ( Why )

    The Steps..

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    AND ONLY THEN WILL YOU TAKE

    YOUR DECISION ABOUT THE

    HEALTH CENTER.

    This is RESEARCH .

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    Functions of Research

    Validation of Knowledge

    Correction of Knowledge

    Generation of Knowledge Diagnosis of the situation

    Prediction of events

    Evaluation of process /product /project

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    RESEARCH AREAS..

    Employee attitude

    Leadership styles

    Performance appraisals

    Product innovations

    Consumer complaints

    Image building

    Investment decisions

    Dividend policies

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    Alternate work patterns

    Outsourcing

    Management info systems

    Brand building & positioning

    Retirement policies

    Diversification

    Continued

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    Check your Progress

    You have been sent to another country

    to study the feasibility of opening a

    branch office of your organization.

    Identify the research areas.

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    BUSINESS RESEARCH

    RESEARCH

    AREAS

    MARKETING FINANCEHUMAN

    RESOURCE

    INFORMATION

    TECHNOLOGY

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    Managerial Value of

    Business Research

    Identifying problems or opportunities

    Diagnosing & assessing problems or

    opportunities

    Selecting & implementing a course of

    action

    Evaluating a course of action

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    Every Business works in a variety of ENVIRONMENTS.

    Economic ( Macro & Micro )

    Social ( Human beingsAttitudes , Perceptions )

    Cultural ( Socio-cultural changes , Value crisis )

    Political ( National & International)

    Knowledge ( Science ,Technology & Skills )

    Legal ( National & International )

    BUSINESS ENVIRONMENT

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    There is a constant change in each of these

    environments.

    The people who run the business & their employeesalso undergo change continuously.

    Hence there is always a generation of newer

    problems, which need solutions.

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    Hence there is always a

    constant demand for

    RESEARCH in BUSINESSBUSINESS ..

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    Types of Research

    Basic

    Applied

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    Basic Research

    Basic research is also known as pure orfundamental research.

    Objective is to extend the existing domain of

    knowledge about certain subject or topic eitherin physical form like sales, or in abstract formlike human behviour.

    The knowledge itself could be in the form of

    trend, pattern or relationship. Individuals conduct basic research primarily out

    of their curiousity, inquisitiveness, conviction etc.

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    Basic Research - Examples

    Relationship between intelligence and creativity

    Relationship of analytical ability and verbal ability withthe scores obtained in various subjects

    Relative impact of factors like salary, work environment,reward system affecting motivation of employees

    Relative impact of advertisements on various mediasuch as newspaper, magazine and television

    The BlackScholes model (mathematical model of the

    market for an equity) McGregors Theory X and Theory Y (theories of human

    motivation : Y are self motivated; X have to bemotivated)

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    Applied Research

    It is the research relating to specific

    product, service or system or campaign.

    A

    pplied research aims at solving anyproblem or resolving any issue in a

    scientific and systematic manner.

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    Applied Research - Examples

    A branch manager may like to streamline

    the functioning of its customer counters to

    reduce waiting time for the customers.

    A company may like to evaluate impact of

    its advertising campaign.

    It may also be used to promote a product

    or class of products through favourable

    results obtained through research.

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    Internal Vs External Research

    Internal research is conducted by team ofexperts within the organisation.

    External research is conducted for anorganisation by an outside agency like aconsultant, consultancy firm or a professionallike a Faculty in an academic institution.

    Whenever a problem needs to be solved or aresearch study is considered desirable, in an

    organisation, an issue arises as to whether itshould be conducted internally or through anexternal agency. Both strategies have certainadvantages and disadvantages.

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    Advantages of Internal research

    The internal team is well versed with theenvironment, systems and procedures,culture, etc in the organization.

    It may get a quick grasp and comprehendthe various aspects of he problem / study

    The problem is solved quickly. Of course it

    presumes that the requisite competent andskilled team is available within theorganization.

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    Advantages of External research

    Availability of Expertise

    Pool of Expertise

    Fresh Perspective and IndividualThinking

    Acceptability

    Quality

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    Limitations of External research

    The external team may not be well versed with

    the environment, systems and procedures,

    culture, etc in the organization

    They may take time to grasp and comprehendthe various aspects of the problem / study

    The selection of external agency plays a crucial

    role, and has to be done carefully to ensure

    credibility and acceptability of their research in

    the organisation

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    Criteria for Selection of External

    Research Agency

    Reputation

    Record of completing assignments in time

    Credibility in maintaining ethical standards.

    Flexibility in the approach based on newdevelopments or new thinking

    Quality of past assignments

    Experience

    Quality of Staff

    Sharing of ideology and value systems

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    Let us Revise..

    Research is an important activity in anybusiness.

    Its main purpose is to get solutions to

    problems.

    Research is the major contributor ofknowledge.

    Managers of tomorrow will need to knowmore than managers of yesterday.

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    RESEARCH AS A

    SCIENTIFIC PROCESS

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    Scientific Research

    Scientific Research focuses on solving

    problems and pursues a step by step

    logical organised and rigorous method to

    identify problems, to gather data, analyse

    them and draw a valid conclusion.

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    Characteristics of Science & Research

    Purposiveness

    Rigor

    Testability

    Replicability

    Precision & Confidence

    Objectivity

    Generalizability

    Parsimony

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    Steps of Science & Research

    Identification of a Problem

    Theoretical framework

    Defining Objectives Hypotheses

    Tool construction

    Data collection

    Data analysis

    Conclusion --- Generalization

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    Research Scientific Process

    We may conclude that ---

    The characteristics of Science & Research

    are same. The steps of a scientific process & thoseof a research process are same.

    Hence we call Research a Science andResearch Process as a Scientific Process.

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    What is a Good Research ?

    Purpose clearly defined

    Research process detailed

    Research design thoroughly planned

    High ethical standards applied Limitations frankly revealed

    Adequate analysis done

    Findings presented unambiguously Conclusions justified

    Researchers experience reflected

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    Sources of Knowledge

    Customs & Traditions

    Authority

    Personal Experience

    Logical Reasoning

    Scientific Inquiry

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    Types of Thinking

    Inductive ----- From loose data touniversal relationships which are organizedin the form of Laws, Theories

    (Derivation of theory)

    Deductive ----- From Laws & Rules tofacts ( Application of rules to specific

    situations)

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    Components of Theory

    Concepts

    Constructs

    Theory (Knowledge Generation)

    Facts (Knowledge Generation)

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    Research Process

    The research process is the methodology of conductinga research assignment / project / study in a scientific andsystematic manner. It takes into account all the relevantfactors that are important in ensuring that the objectives

    of the research study are achieved with optimumutilisation of resources. It also ensures that the approachis quite comprehensive with the involvement of all thosewho are

    Experts in the area

    Associated with the management of the project, and Associated with the execution or implementation of the

    project with the help of research results or findings.

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    Research Process

    Specifyin

    gA

    rea &Objective

    Defining &

    Refining

    Problem/Opportunit

    y

    Hypothese

    s

    Developm

    ent

    Research

    Design * Collectin

    g Data

    Analy

    se

    Data

    Interpreti

    ng

    Conclusi

    on &

    Report

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    Research Process

    Specifying the area and the objective of thestudy

    Defining & Refining Problem Defining Problemand Refining Problem through LiteratureReview, Interviewing relevant people, Group

    Discussion with relevant people, etc. Hypotheses Development

    Preparing Research Design

    Collection of data

    Analysing the data Interpreting the results and drawing conclusions

    based on data

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    THE HIERARCHY

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    MANAGEMENT DILEMMA (Level 1)

    MANAGEMENT QUESTIONS (Level 2)

    RESEARCH QUESTIONS (Level 3)

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    LEV

    EL 1 -- The top managementsconcerns about the business . These arethe symptoms of the actual problem .

    LEVEL 2 -- The managers try to raise theissues underlying the symptom .

    LEVEL 3 -- The researcher tries to

    conceptualize the symptoms in the form of

    basic issues or causes .

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    Some Examples ..

    Management Dilemma .. (In terms of

    observations on a general level)

    Declining sales, Increasing employee

    turnover, Large no. of defective

    products, Large no. of consumer

    complaints ..

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    Continued..

    Management Questions .. (In terms

    of questions to be answered but not

    suggesting kind of research to be

    undertaken)

    Why are the sales declining? Are we on

    the right track? Are we meeting our

    goals? Why are the departmental costson the rise?

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    Continued..

    Research Questions.. (In terms of fact

    finding & information gathering questions

    in the form of unstructured exploration)

    What factors are contributing to the

    failure of XYZ dept? How good is the

    customer service? What kind of

    complaints are recurrent? What is the

    system of quality control in XYZ dept?

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    Continued..

    Investigative Questions .. (In terms of

    more specific questions after a careful

    informal exploration)

    How attractive are our services? Which

    region is receiving more complaints ? Is

    there enough manpower to handle the

    cases? What is the system of redressal?

    Are there any specific factors influencing

    employee performance?

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    Continued..

    Measurement Questions.. (In terms of

    specific information to be sought)

    How shall we measure the quality of ourservice ? Which areas (of quality) need

    to be covered ? What information about

    the employees is required (morale,

    training, experience, health etc.) ? Howdo we get this info?

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    MANAGEMENTDILEMMA

    ManagementQuestion 1 ManagementQuestion 2

    ResearchQuestion 1 a

    ResearchQuestion 1 b

    ResearchQuestion 2 a

    ResearchQuestion 2 b

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    CONCLUSION

    When we proceed from Management

    Dilemma to Research Questions we move

    from -----

    1) general level to a specific &

    focused level.

    2) symptoms to the root causes.

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    Have we understood ?

    The deposits in the bank are to be increased.

    Computer department shows excessiveturnover among programmers.

    New health insurance is not picking upsales.

    New branch is to be opened in rural area.

    Change in the advertising strategy is to be

    brought about.

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    FORMULATION OF

    A RESEARCH PROBLEM

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    Research Problem

    Should be clearly stated.

    Should be focused.

    Should convey the right meaning.

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    Research problem flows from theresearch question.

    Its stated in a statement form.

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    Some Examples

    1) Effect of new packaging on the sales of aproduct.

    2) Effects of downsizing on the brand image

    of the company.3) Study of performance management

    systems in IT industry.

    4) Case study of SVKMs NMIMS University.

    5) Evaluation of ABC Policy / Programme /Process.

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    Objectives

    These are specific, concrete &achievable goals of research. They

    generally flow from

    the research questions. They give thedirection to the research.

    e.g. To study the consumer perception of theproduct.

    To analyse the annual reports of thechosen

    companies w.r.t. the chosen parameters.

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    Exercise

    Write the objectives for the

    Research problems in slide no. 4

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    Variables

    It is an attribute that takes different

    values (for the same object at different

    times or different objects at the same

    time).

    e.g. age, attitude, absenteeism, profits,

    production units, job satisfaction,attrition

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    Types ofVariables

    Independent Dependent

    Extraneous

    1) Control

    2) Moderating

    (Context)

    3) Intervening

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    Independent Variable

    It influences the dependent variable.

    It is manipulated by the researcher

    in experimental research.

    Also known as treatment variable inexperimental research.

    Research may have more than one

    independent variable.

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    Dependent Variable

    It is affected by the changes in the

    independent variable. It is not manipulated by the

    researcher.

    Research may have more than onedependent variables.

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    Extraneous variables

    1) Control--- it is controlled by the researcher

    by keeping the values constant in both the

    groups especially in experimental research.

    2) Moderating--- it is studied by the researcheralong with the other variables.

    3) Intervening--- it can neither be controlled

    nor studied. Its effect is to be inferred from

    the results.

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    Exercise Identify & classify the

    variables in the given problem.

    1. A study of effect of training on the performance of

    employees.

    2. A study of effect of celebrity endorsements on

    the sales of a product.

    3. A study of relationship between motivation & jobsatisfaction.

    4. A study of customer satisfaction at a retail outlet.

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    Definitions of the terms

    Types -----

    1) Conceptual [ Theoretical basis ]2) Operational [ Research basis ]

    O f

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    Operational Definition

    includes ----

    Contents of the concept

    Areas of measurement of eachcontent

    Sources of data

    Scoring / Categorizing

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    Exercise

    Define the terms / variables in

    the

    problems in the slide no. 12

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    HYPOTHESES

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    HYPOTHESES

    A logical relationship between two or

    more variables expressed in the form

    of a testable statement.It is an intelligent guess of the probable

    solution to the problem.

    They are derived from the theoretical

    framework formulated for the research.

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    TYPES of HYPOTHESES

    1) Null

    2) Alternate ( Positive or Research )

    a) Non directional

    b) Directional

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    Meaning Null Hypothesis

    Null hypothesis assumes no difference

    or no relationship between the twohypothesized variables.

    It indicates unbiased attitude of the

    researcher to the research.

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    It is represented as Ho.

    It is a statement which can be tested

    Statistically .

    When previous research literature is not

    available sufficiently or it does not give a

    clear cut direction, it is better to frame a

    hypothesis in null form.

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    Examples

    1) There is nosignificant difference in thesales of the product before & after newpackaging. M1=M2

    2) There is nosignificantrelationshipbetween TV viewership & aggression among

    teenagers.

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    Meaning Alternate Hypothesis

    It assumes some difference or some

    relationship between the hypothesized

    variables.

    When sufficient research literature isavailable indicating definite difference or

    relationship, alternate hypothesis isformulated.

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    It is represented as H1 .

    It can be tested statistically as null

    hypothesis.

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    Examples

    1) The performance of motivated

    employees is significantly different than

    those who are not motivated.

    2) The sales of a product is significantly

    related to the expenditure on the

    advertisement.

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    3) The debt equity ratio of org. ABC

    is significantly higher than that of

    org. XYZ .

    4) The level of motivation of male

    employees is significantly lower than

    that of female employees.

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    Types of Alternate Hypotheses

    Examples no. 1 & 2 belong to one category

    AND

    Examples no. 3 & 4 belong to other category.

    Can you differentiate between these two???

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    Explanation

    Examples 1 & 2 tell us that they do differ

    from 3 & 4. But do not tell us which

    variable in statement 1 & 2 has a

    higher value than the other. It does nottell us the DIRECTION of magnitude.

    Hence they are known as

    NON - DIRECTIONAL HYPOTHESES.

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    Whereas examples 3 & 4 not only tell us

    that the variables mentioned therein are

    not equal in magnitude but also tell us

    which variable is having a highermagnitude . They provide us the direction

    of the magnitude .

    Hence they are known as

    DIRECTIONAL HYPOTHESES.

    Lets check our understanding

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    Let s check our understanding..

    Frame different types of hypotheses forfollowing problems

    1. A study of relationship between e-shopping

    habits & some demographic variables.

    2. A study of relationship between interestrates & the investment habits.

    3. A study of effectiveness of sachet & bottlepackaging of shampoo in terms of consumer

    preference.

    R l ti hi b t

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    Relationship between

    Hypotheses & Theory

    Hypothesis ----- HYPO & THESIS

    Hypo = Below or Less than

    Thesis = Theory

    Hypothesis means a proposition which isat a lower level than a theory.

    Hypothesis which are tested & retainedmany times will lead to the formulation of

    a theory. Theory which is proven truemany times leads to the formulation of a

    law.

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    Review of Related Literature

    Literature survey is important because it

    gives you the work done in the past.

    helps you identify the variables studied before.

    gives you the research designs previously used.

    helps you to formulate the hypotheses.

    cautions you about the possible problems in future.

    avoids unnecessary repetition.

    leads us to sound theoretical or conceptual framework.

    helps you to identify research gaps.

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    Sources of Literature Survey

    Internet

    Library ( books, journals, year books,encyclopedia)

    Govt. Reports (commissions , Plan & policy

    documents, census)

    Unpublished research ( Degree level work)

    Company documents ( annual reports,budgets, key note addresses , AGM minutes)

    Conference proceedings

    Other databases

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    Related literature helps the researcher

    in constructing a Concept Map which

    is a schematic representation of therelationship of different variables

    involved in the study.

    CONCEPT MAP

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    CONCEPT MAP

    MOTIVATION

    AGE

    EDU & PROFQUALIFICATION

    PERFORMANCE

    SKILLSET

    CONFIDENCE

    MORALE

    EXPERIENCE

    TRAINING

    JOBSATISFACTION

    HEALTH

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    SAMPLING

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    SAMPLING

    How would you know if the rice is properly

    cooked ?

    How would you know that the bunch of grapes

    is good just by testing 1 or 2 grapes ?

    This is S A M P L I N G in day to day life.

    So.What is Sampling according to you ???

    M i

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    Meaning

    A Sample is a part of the population which is studied

    in order to make inferences about the wholepopulation.

    Research needs the data to be collected from the

    concerned people. If you collect the data from all theconcerned people you would be spending a lot on all

    the resources human, money, time, energy etc. So

    choose only a FEW .

    But how to choose these FEW is the main concern ofthe researcher.

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    The RIGHT people , objects

    The ADEQUATE number

    PROPER method of selection

    must be followed if you want to make your

    research more meaningful & valid.

    S T D fi d

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    Some Terms Defined

    SAMPLING TRAIT: Characteristics used forselection.

    POPULATION : Entire group of people or objectsof interest.

    ELEMENT : A single member of the population. POPULATION : A list of all the elements in the

    FRAME population from which sample isdrawn.

    SAMPLE : A subset of the population.

    SUBJECT : A single member of the sample.

    SAMPLE SIZE : Total no. of subjects in thesample.

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    Relation between Sample & Population

    SAMPLE POPULATION

    Statistics

    Mean, S.D.,Variance

    Parameters

    Mean, S.D.,Variance

    Estimate

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    Why Sampling ???

    To save on resources.

    To reduce the errors.

    To increase accuracy & precision.

    To decrease data obsoleteness.

    To avoid wastage of population .(Destructive Sampling .while testing

    for quality you consume the entire

    population)

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    The objective of sampling is to draw accurateinferences about the universe or the population

    parameters ( which are unknown ) from the unit

    sample statistic ( which is known observed &

    measured ) .

    This helps the researcher to generalise about

    the results .

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    Advantages of Sampling

    Smaller no. is handled

    Increases accuracy of data

    Ensures greater response rate

    Easy supervision

    Ensures greater co operation from

    sample

    Helps researcher go systematicallyResources efficiently utilized

    Principles of Sampling

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    Principles of Sampling

    Sampling units must be ---

    chosen in a systemic & objective mannerclearly defined & easily identifiable

    units must be independent of each other

    used throughout the studytrue representative of the population

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    Sample Design

    Sample design is a systematic plan for

    obtaining a sample from the given population.

    WHY Sample design?

    To ensure precision & objectivity in

    sampling .

    To reduce sampling error.

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    Steps of Sample Design

    Finalize parameters of interest

    Define type of the universe

    Decide the sampling unit or unit of

    analysis (house, person, object) Prepare the sampling frame (List)

    Decide sample size

    Finalise budget

    Finalise sampling procedure (type &method)

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    Good Sample Design

    Truly representative

    Smaller sampling error

    Unbiased

    Within budgetary provisions

    Results generalizable

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    Possible Errors

    1) Sampling Error

    (due to sample size)

    2) Non Sampling or Systematic Error

    (due to incorrect sampling frame, faultysample design)

    Types of Sampling

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    Types of Sampling

    Probability Non-Probability

    Every unit of pop. has

    equal chance of being

    selected.

    Highly representative

    Researcher decides onthe sample unit

    Not representative

    Types contd

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    Typescontd..

    Conditions :

    Probability Non-Probability

    Complete list is

    required

    Size of universe mustbe known

    Each unit must have

    an equal chance of

    selection

    Desired sample mustbe specified

    No list is required

    Size of universe may

    not be known Each unit may not

    have an equal chance

    of selection

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    Techniques of Sampling

    PROBABILITY

    Simple Random

    Stratified RandomSystematic

    Cluster

    NON-PROBABILITY

    Convenience

    Purposive Judgment

    Quota

    Snowball

    Volunteer

    Sample Size

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    Sample size depends upon the precision of

    results expected.Sample should be sufficiently large to conclude

    generalizable results.

    For this matter we have to take into accountthe level of confidence (0.95 or 0.99).

    Different formulae are used depending uponthe

    constraints. Commonly used one is.S = n/ 1+n(e)2

    Higher the sample size greater is thegeneralizability, but you lose on precision of

    sampling.

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    Prepare a sampling plan for the research

    problem that you have selected.

    Explain why you will follow the technique

    you have selected.

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    RESEARCH DESIGNS

    Research Designs

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    g

    Meaning :

    A detailed plan & structure of investigation so

    conceived as to find answers to the researchquestions.

    A blueprint for the smooth conduct of research.

    Henry Manheim --- RD not only anticipates

    and specifies the countless decisions

    connected with data collection , processing &

    analysis but it presents a logical basis for

    these decisions.

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    Why Research Designs ?

    It provides a blueprint.

    It limits the boundaries of research.(Delimitations)

    It enables the researcher to anticipate thepotential problems & can prepare him totackle the same.

    It ensures better co ordination among themembers of the research team.

    Manheim feels

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    Manheim feels

    Goals of RD ---

    To amass more & more evidence in support of

    given hypo. & eliminate alternative hypo.

    To make the study replicable( worth repeating if

    the results are significant).

    To determine if pilot study is needed.

    To associate variables with one another.

    To plan appropriate strategy for data collection.

    Contents of Research Proposal

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    Contents of Research Proposal

    Need for study

    Review of Related Literature Objectives of the study

    Definitions of the terms

    Delimitations of the study

    Concept Map

    Hypotheses

    Research Design

    Tools & Techniques of data collection

    Sampling design

    Data collection procedures

    Proposed techniques of data analysis

    Budget Time schedule

    Types of Research Designs

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    Types of Research Designs

    1) EXPLORATORY--- undertaken to understand the

    problem when not much is known about the problem

    or not much research evidence is available.

    (identification of variables involved).

    2) DESCRIPTIVE--- undertaken in order to ascertain &

    describe the characteristics of variables involved.

    3) EXPLANATORY--- undertaken when relationship

    among different variables is to be established.

    EXAMPLES

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    EXPLORATORY---- Feasibility studies are

    exploratory in nature. New areas of research

    eg. ethnic culture & its effect on org. , diversity in

    org. etc.

    Descriptive--- Customer profile, Market trend,

    Consumer perception etc.

    Explanatory--- Cause & effect relationship is estd.

    through these studies. eg. Relationship between

    expenditure on advertising & sales

    Relationship among three types

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    Every subject passes through all the three types of

    research. Initially when either nothing or very little isknown ,one goes through the phase of exploration.

    Once the variables are identified then the subject takes

    a turn to descriptive studies & tries to get a profile ofdifferent concerned attributes.

    After getting a clear description of the variables the

    researcher goes to establish the relationship of these

    variables. This is culminated by the testing of various

    hypotheses which ultimately leads to the formulation of

    a theory.

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    EXPLO-RATORY

    Study

    DESCRI-PTIVE

    Study

    EXPLANA-TORY

    Study

    PHASEI PHASEII PHASEIII

    Relationship ..

    Steps of an Exploratory Study

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    Steps of an Exploratory Study

    1) Identify the problem

    2) Gather preliminary info. through interviews

    3) Form focus groups

    4) Arrive at conclusions

    Steps of a Descriptive Study

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    Steps o a esc pt e Study

    ( SURVEY)

    1) Identify the problem2) Formulate objectives

    3) Review literature

    4) Identify variables

    5) Draw Concept Map6) Formulate hypotheses (if any)

    7) Construct tools

    8) Collect data

    9) Analyse data ( Descriptive Statistics )10) Test hypotheses (if any)

    11) Arrive at conclusion

    Steps of an Explanatory Study

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    1) Identify the problem

    2) Formulate objectives

    3) Review Literature

    4) Identify variables

    5) Draw Concept Map

    6) Formulate hypotheses7) Construct tools

    8) Conduct experiment ( if any)

    9) Collect data

    10) Analyse data (Descriptive & Inferential Statistics)11) Test hypotheses

    12) Arrive at conclusion

    Types of Explanatory Study

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    Types of Explanatory Study

    Explanatory studies are conducted to arrive at the

    nature of relationship among differentvariables.They try to establish cause & effect

    relationship between variables.this is done in

    two ways.

    1) Ex-post facto study

    2) Experimental study

    a) Field expt.b) Lab expt.

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    EXPLANATORY STUDIES

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    Explanatory studies are also known as

    CAUSAL STUDIES

    1) Ex Post Facto Studies

    2) Experimental Studies

    Types of Explanatory Studies

    Ex Post Facto Studies

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    Ex Post Facto Studies

    It is an empirical enquiry for situations that have

    already occurred. Investigator has no control over

    the variables in the sense that he is not able to

    manipulate them. He can only report what hashappened & establish cause & effect relationship.

    eg. Market failure of a product , Sudden rise of a

    shares market price ,

    Experimental Studies

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    p

    The purpose of experimental research is to allow theresearcher to control the situation so that CAUSAL

    relationship among variables may be evaluated.The

    experimenter therefore manipulates a single variable in

    the study & holds the remaining variables constant so as

    to study the effect of the

    INDEPENDENT variable on the DEPENDENT variable.

    eg. The effect of varying amount of overtime on output of

    the employees.

    The independent variable is Variation in overtime &

    The dependent variable is Output or performance.

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    The researcher , through the theoretical

    framework finalizes the variables he is

    interested in . He then has to decide the

    variables he wishes to control & the

    ones he wishes to study as covariates

    (moderating variables).

    This is reflected in the Concept Map that he

    prepares .

    INTERPLAY OF VARIABLES

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    INDEPENDENT

    VARIABLE

    DEPENDENT

    VARIABLE

    MODERATING

    VARIABLES

    CONTROLVARIABLES INTERVENINGVARIABLES

    INTERPLAY OF VARIABLES

    Experimental Studies

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    Types :

    Field Experiments ---- Less control on the

    variables therefore higher generalizability.Natural setting.

    Laboratory Experiments ---- Tight control on thevariables hence lesser generalizability.

    Artificial setting.

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    Laboratory

    Expts

    Field

    Expts

    Artificial Real

    Setting Setting

    Essential Components of an Experiment

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    1) Groups --- a) Experimental b) Control

    2) Treatment to be given

    (Expt /Independent variable)

    3) Variables --- All types

    4) Matching on all the variables except treatment5) Testing of Hypotheses

    eg. A study of effect of payment by piece rate system

    on the production.

    Validity of Experiments

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    Types ofValidity :

    a) Internal --- Is the expt. an expt. in the real sense of

    the term ? i.e. Is the independent variable the only

    cause of the changes in the dependent variable?

    b) External --- Are the results obtained from the expt.

    applicable in the real world ?

    Factors affecting Internal Validity

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    g y

    History

    Maturation

    Testing ( effect of pre test on post test )

    Instrumentation ( change in the observedcriteria at the pre & post test )

    Selection bias

    Statistical regression

    Mortality

    Factors affecting External Validity

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    g y

    Interaction of treatment & selection

    Higher the internal validity, lesser will be the

    external validity

    Various Effects in Experiments

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    p

    Hawthorn Effect

    Halo Effect

    Experimenter Effect

    Pygmalion Effect

    Guinea Pig Effect

    Contamination Effects

    Types Of Experimental Designs

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    yp p g

    1) Pre Experimental ( Least control )

    2) Quasi Experimental ( Moderate control )

    3) True Experimental ( Tight control )

    ( Randomized Sampling ) indicated by R

    Some Designs

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    1) Single Shot Study

    X O

    2) Single Group Design

    O 1 X O 2

    3) Two Group DesignO1 X O2 Experimental Group

    O3 O4 Control Group

    4) Time Series

    O1 O2 O3 X O4 O5 O6

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    Assignment

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    g

    Find out examples of experimental research

    in your area of interest.

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    TOOLS & TECHNIQUES

    OF RESEARCH

    Qualities of a Good Tool

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    VALIDITY

    RELIABILITY

    OBJECTIVITY

    USABILITY ADEQUACY

    DISCRIMINATING POWER

    Points to consider while

    P i T l

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    Preparing a Tool

    1) Objectives

    2) Operational definitions

    3) Sequence of items (general to specific;

    simple to difficult/complex; logical)

    4) Ease of Scoring & Coding

    Points for Discussion

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    1) Description of the tool

    2) Merits

    3) Limitations

    4) How to overcome the limitations

    5) How to use the tool

    Tools & Techniques

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    1) Questionnaire 1) Observation2) Schedule 2) Interview

    3) Checklist 3) Sociometric

    4) Rating scale 4) Projective

    TOOLS TECHNIQUES

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    Applications of Data

    Analysis Techniques

    Data Analysis

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    y

    1) Why ?

    2) How ?

    3) Some important considerations beforeanalysis ------

    a) Type of data

    b) Objectives

    c) Hypotheses

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    Consideration 1

    Types of Data ( Scales )

    a) Nominal

    b) Ordinal

    c) Interval

    d) Ratio

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    Consideration 2

    Objectives

    What are we trying to find out ?

    In order to achieve this, what kind of

    information is required ?

    Which tools are giving this information ?

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    Descriptive Analysis

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    I) Measures of Central Tendency---

    Mean, Median, Mode

    II) Measures of Variability/Dispersion---

    Range, Average deviation, Quartile

    deviation, Standard deviation

    III) Measures of Correlation---

    IV) Normal distribution---

    Inferential Statistics

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    Types of Inferential Statistics

    PARAMETRICNON

    PARAMETRIC

    Parametric Statistics

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    Essential conditions of usage -----

    1) The data is in the interval or ratio scale.

    2) Both the groups have equal variance.

    3) The trait/variable is normally distributed.

    4) The sample is randomized.

    Non - parametric Statistics

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    No such conditions as parametric statistics.

    But when the data is ---

    1) in either nominal or ordinal scale ,

    2) small in size ,

    3) not randomly selected ,

    4) homogeneity of variance cannot be

    established &

    5) variable is not normally distributed in the

    population ( skewed )

    Researcher should go for non-parametric statistics.

    Certain Terms defined ---

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    1) Levels of Significance

    2) Degrees of Freedom

    3) Critical Value

    4) Tails of a Test

    5) Area of Rejection

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    Tails of a Test

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    ForNull hypotheses two tailed test is applied.

    ForNon--directional hypotheses two tailed test

    is applied.

    ForDirectional hypotheses one tailed test is

    applied.

    Can you tell WHY ?????

    Statistical Significance

    What is the significance of SIGNIFICANCE?

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    What is the significance of SIGNIFICANCE?

    Levels of Significance---

    1) 0.05 & 2) 0.01

    Levels of Confidence---

    1) 95 % & 2) 99 %

    When to use the terms---Significance & Confidence

    Types of Errors

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    Type I Error is committed when TRUE NULL

    hypothesis is REJECTED. ( alpha )

    [Innocent is unjustly convicted or punished]

    Type II Error is committed when NULL

    hypothesis is RETAINED, when it is not TRUE.

    ( Beta )

    [Unjust acquittal of a guilty person]

    Steps of Testing Hypotheses

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    1) Frame the hypothesis.

    2) Choose the appropriate statistical test.

    3) Decide the level of significance.

    4) Calculate value.

    5) Refer to the appropriate table & get the critical value.

    6) Compare both the values & decide about the

    significance of your results.

    Some Major Statistical Tests

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    1) Chi square test

    2) t test

    3) Z test

    4) F test

    Chi Square Test

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    Non-parametric test , used when the data is in

    the nominal scale or grouped in the nominal

    categories.

    eg. YES NO

    35 68

    D

    o the people differ significantly in their opinion?

    Chi Square Test

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    Favourable Unfavourable

    Men 53 37

    Women 64 46

    Do men & women differ significantly in their

    opinions?

    Z Test & t - Test

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    Parametric tests are used when you want tocompare sample statistics of two groups.

    Comparison of means, s.d., percentages of TWO groups.

    Z test is used when the sample size is large (> 30 ) &

    t test is used when the sample size is small (30 or < 30)

    F Test ( ANOVA)

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    Parametric test. When more than two groups

    are to be compared F Test is applied.

    ONE independent variable ONE WAY

    ANOVA

    TWO independent variables TWO WAY

    ANOVA

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    12/5/2010

    Dr. Vidya Naik

    Session 11 157

    RESEARCH

    PROPOSAL & REPORT

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    What ?

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    It is a detailed research design.

    An activity that incorporates decisionsmade during early research planning

    phases including the management research question hierarchy & exploration.

    It is a work plan which tells us what, why,

    how, where , when & to whom it will bedone.

    It is a road map , showing clearly the

    location from which the journey begins the

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    Session 11 160

    location from which the journey begins, the

    destination to be reached & the method ofgetting there.

    A well prepared proposal includes

    potential problems that may beencountered along the way & methods for

    avoiding or working around them, as the

    road map indicates alternate routes for a

    detour.

    Why ?

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    Session 11 161

    1) For the sponsor---to decide the budget, to judge

    the worthwhile ness of the research,

    to assess the capability & sincerity of the

    researcher, it displays the discipline of the

    researcher, a document for the discussion.

    2) For the researcher---to plan & review the steps,helps to asses various ways of attacking the

    problem, to identify & remove flaws, if any ,

    through discussion, to monitor progress, it puts

    constraints on time & budget( researcher has towork within prescribed limits).

    How ?

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    12/5/2010

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    Session 11 162

    CONTENTS..

    Executive summary (mgmt. dilemma, mgmt.questions, research questions, objectives,

    benefits of research)

    Problem statement (need of research, its

    significance)Research Objectives

    Literature review

    Variables--- their types & operational definitions

    HypothesesResearch design ( type of research, tools, sampling

    plan , data collection plan or procedure)

    Contd ..

    Proposed data analysis ( simple charts & dummy

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    Session 11 163

    Proposed data analysis ( simple charts & dummy

    tables) with the rationale for each technique to be

    used

    Nature & form of results ( connecting objectives &

    analysis) with the format of results to be provided.

    i.e. recommendations, action plans, strategic plans

    etc.Budget

    Time schedule

    Facilities required

    Project management ( organized plan of action)

    Bibliography

    Appendices

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    Session 11 164

    RESEARCH REPORT

    What & Why ?

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    Session 11 165

    WHAT-----Written document of the stagesof research with findings &recommendations

    WHY ----- Enables the manager to weigh thefacts arguments presented therein &implement the acceptable recommendationswith a view to close the gap between thepresent & the desired state. It is a documentcontaining research plan put into action.

    Parts of Research Report

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    Session 11 166

    i) Preliminary Section

    ii) Main Body

    iii) End Section

    Preliminary Section

    ) ( S f

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    i) The Title Page ( Title , Sponsor of the study,

    month & year of submission)ii) EXECUTIVE SUMMARY

    iii) Acknowledgement

    iv) Certificate, if any ( required for degree work

    or Govt. projects)

    v) Table of Contents

    vi) List of Tables

    vii) List of Graphs

    viii) List of Figures/ diagrams

    ix) List of abbreviations

    x) Glossary

    Main Body

    ) I t d ti ( N d f h P bl

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    a) Introduction ( Need of research, Problem

    identification, Objectives, Variables,Operational definitions, Hypotheses,Research

    paradigm , Delimitations)

    b) Research Design ( Type of study, Tools,

    Sampling design, Data collection & Analysis)c) Final section ( Conclusions, Recommendations

    & Limitations, Researchers insights for

    further studies)

    End Section

    i) Bibliography/ References( must be

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    i) Bibliography/ References( must be

    presented in APA format.)[books, journals, reports, unpublished

    documents, web sites with date of access]

    ii) Appendices

    iii) Research Team

    iv) Time Schedule