Professional Documents
Culture Documents
An Overview of
Business Research Methods
Presented by : Dr. Teh
Topics To Be Covered
An Outline of Lesson Plan.
The Art of Research Approach.
To kick Start a Research Project with a
phenomenon.
something (such as an interesting fact or
event e.g. impending GST) that can be
observed and studied
and that typically is unusual or difficult to
understand or explain fully.
Problem formulation.
Topics To Be Covered
Research Proposal leading to the
Submission of
Thesis/Dissertation.
An Overview of Business
Research Methods.
The Importance of
RESEARCH ?
A good understanding of various research
methods will help managers to understand,
predict, and control their environment
namely in sales & marketing, the impact of
GST on companys cash flow, internal &
external variables, etc.
WHAT IS RESEARCH ?
After problems were identified & problems formulation
is done with.
Research is to get started to verify and clarify the
existence of problems, cause & effect as well as the
availability of opportunities.
How to maximize or leveraging on opportunities
available and at the same time how to minimize the
risks or problems identified.
Then apply the concept of SWOT analysis.
This is what we termed as a systematic approach
rather than intuitive approach.
WHAT IS RESEARCH ?
WHAT IS RESEARCH ?
This entire process by which we attempt to solve problems is
called research.
Thus, research involves a series of well-thought out and
carefully executed activities that will enable us to know how
organizational problems can be resolved or at least minimized.
Research thus encompasses the process of inquiry,
investigation, examination, and experimentation.
These processes. Have to be carried out systematically,
diligently, critically, objectively, and logically.
The expected end results would be to discover new facts that
will help us to deal with the problem situation.
Types of RESEARCH
Research can be undertaken for two different
purposes. One is to solve a currently existing
problem in the work setting, the other is to
add or contribute to the general body of
knowledge in a particular area of interest to
the researcher.
When research is done with the intention of
applying the results of its findings to solving
specific problems currently being experienced
in the organization, it is called applied
research.
Types of RESEARCH
However, when research is being done chiefly
to improve our understanding of certain
problems that commonly occur in
organizational setting, and how to solve them,
the research is called basic or fundamental
research. It is also known as pure research.
The findings from such research contribute to
the building of knowledge in the various
management areas.
WHEN RESEARCH
IS NEEDED
THE DETERMINING
FACTORS OF RESEARCH
Time constraints.
The availability of data.
The nature of decision to be made.
The value of the research findings in relation
to cost.
THE TRASLATION
OF OBJECTIVES
RESEARCH PROCESS
1. Problem Statement Is Important
2.Correctly Diagnosed Disease Is Half Cured
3.If Problem Is Not Identified Properly and
Treatment Is Given Side Effects Will Be There
4. Identify the Variables to Be Studied
5.Test the Variables With the Problem
6.Conclude and Implement
PRELIMINARY DATA
COLLECTION
Think some body approaches you for a loan
of RM 1m.
1. Back ground information
2.Companies policies, philosophy and
structural factors
3.Perceptions, attitudes and behaviour of
workers, clients and suppliers.
ORGANISATIONS BACKGROUND
1.History
2.Size in Terms of Employees,assets and
Liabilities
3.Aims and Objectives (Main Business)
4.Location and Markets
5. Resources
6. Interdependency and the External
Environment
7.Relevant Financial Data for 10 Years (Gross
Profit, Net Profit, Market Share Dividend P/E
Ratio Etc)
STRUCTURAL FACTORS
1.Organisation Structure
2. Authority Responsibility
3.Communication
4.Control Systems
5.Extent of Specialisation
6.Span of Control
7.Reward Systems Etc.
MANAGEMENT PHILOSOPHY
QUALITY- REALLY MEANS OR ONLY LIP
SERVICE?
SHORT TERM GOALS AND LONG TERM
GOALS
WHETHER CONTROLS ARE RIGID OR
FLEXIBLE
CREATIVE OR STAGNANT
PLAY IT SAFE OR CALCULATED RISK
PEOPLE ORIENTED OR PROFIT ORIENTED
BEHAVIOURAL RESPONSES
LITERATURE SURVEY
Not Inventing the Wheel Again
No Important Variable Is Omitted
Clear Idea Emerges What Variables Are to
Be Included (Parsimony)
Problem Statement Can Be Made With
Precision and Clarity
Earlier Methods of Sampling and Its
Criticism
Development of Theoretical Frame Work
BOOKS
PERIODICALS
NEWS PAPERS AND MAGAZINES
PUBLISHED PAPERS AND ARTICLES
DISSERTATIONS
PROBLEM DEFINITION OR
STATEMENT
Dont Try to Find Out Right Answer for a Wrong Problem
1.Clear
2.Precise
3.The Gap Should Be Pointed Out
4.Gap = Expected Result - Actual Result
5.Antecedent (the Factor Which Contributes)
6.Consequence (Will Be Seen by the Manager)
Ethical issues
Be frank and transparent
Assure that the statements made will be kept
confidential
Only transparency will get the needed real data
Deceptive means of data collection will lead to
biased answer, fear, anxiety and distrust
The employees have the right to privacy and
confidentiality
STRESS
Physical tension
1. Blood pressure
2.Pulse rate
Emotional tension
1. Sleeplessness
1. N
ervo
usne
ss
2. An
xiety
3.Fe
ar
2.Sweating
3.Stomach upsets
1 Headaches
2.Fatigue
Mental tension
3. Confusion
4.Unusual number of mistakes