3-1 Chapter 3 The Business Research Process: An Overview.
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Transcript of 3-1 Chapter 3 The Business Research Process: An Overview.
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3-1
Chapter 3
The Business Research Process:
An Overview
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• Understand that research is decision- and dilemma-centered
• The clarified research question is the result of careful exploration and analysis and sets the direction for the research project
Learning Objectives
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Learning Objectives
• How value assessments and budgeting influence the process for proposing research, and ultimately, research design
• What is included in research design, data collection, and data analysis
• Which research process problems to avoid
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The Research Process
The primary purpose of research is to reduce the level of risk of a business decision
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Exhibit 3-1 The Business Research Process
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Stage 1 Clarifying the Research Question
• Management-research question hierarchy
• Begins with management dilemma
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Exhibit 3-2 Management-Research Question Hierarchy
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Exhibit 3-3 Formulating the Research Question
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Types of Management Questions
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The Research Question
Determine necessary evidence
Determine necessary evidence
Set scope of
study
Set scope of
study
Examine variables
Examine variables
Break questions
down
Break questions
down
Evaluate hypotheses
Evaluate hypotheses
Fine-TuningFine-Tuning
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Performance ConsiderationsPerformance Considerations
© 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin
Investigative Questions
Attitudinal IssuesAttitudinal Issues
Behavioral IssuesBehavioral Issues
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Stage 2 Proposing Research
• Exhibit 3-7 • Budget Types
– Rule-of-thumb– Departmental– Task
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Exhibit 3-6 Gantt Chart
MindWriter Project Plan
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Evaluating the Value of Research
Option AnalysisOption Analysis
Decision TheoryDecision Theory
Prior or Interim EvaluationPrior or Interim Evaluation
Ex Post Facto EvaluationEx Post Facto Evaluation
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The Research Proposal
Delivery
Legally-bindingcontract
Legally-bindingcontract
ObligationsObligations
Written proposals establish
Written proposals establish
Methods
TimingTiming
BudgetsBudgets
ExtentExtentPurposePurpose
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Stage 3
Designing the
Research Project
Designing the
Research Project
Research Design
Research Design
SamplingDesign
SamplingDesign
Pilot TestingPilot Testing
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Stage 4 Data Collection
Data Characteristics• Abstractness• Verifiability• Elusiveness• Closeness
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Reducing data to manageable sizeReducing data to manageable size
© 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin
Stage 5 Data Analysis and Interpretation
Developing summariesDeveloping summaries
Looking for patternsLooking for patterns
Applying statistical techniquesApplying statistical techniques
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Stage 6 Reporting the Results
Research Report
Research Report
ExecutiveSummaryExecutiveSummary
ResearchOverviewResearchOverview
TechnicalAppendixTechnicalAppendix
ImplementationStrategies
ImplementationStrategies
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The Research Overview
Problem’s backgroundProblem’s background
Summary of exploratory findingsSummary of exploratory findings
Research design and proceduresResearch design and procedures
ConclusionsConclusions
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Research Process Issues
• The Favored-Technique Syndrome
• Company Database Strip-Mining
• Unresearchable Questions
• Ill-Defined Management Problems
• Politically Motivated Research
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Everything must have a beginning
Source: Cooper R. D. & Schindler, S. P.
(2006). Business Research Methods
9e. McGraw.Hill