Methods
BBA-6 (A)
FALL 2015
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Business research
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BUSINESS RESEARCH
A systematic and objective process:
of gathering, recording and analyzing data for
aid
in
making
business
decisions
of
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BUSINESS RESEARCH
Research information is neither intuitive nor
haphazardly gathered.
Business research must be objective
Detached and impersonal rather than biased
It facilitates the managerial decision process for all
aspects of a business.
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Business Research
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haphazardly gathered.
Literally, research (re-search) -search again
Business research must be objective
Detached and impersonal rather than biased
It facilitates the managerial decision process for all
aspects of a business.
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Basic research
Applied research
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BASIC RESEARCH
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BASIC RESEARCH
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APPLIED RESEARCH
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It is use of basic research
or past
theories, knowledge and methods for
solving an existing problem
It deals with practical problems
Applied Research focuses on
uncovering what needs are not being
met
It uses information in designing
products or services that would create
their own demand
Dr. Abdul Kabeer Kazi
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menu?
Business research told McDonalds it should not?
Should Procter & Gamble add a high-priced home
teeth bleaching kit to its product line?
Research showed Crest Whitestrips would sell well at
a retail price of $44
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Scientific Method
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Applied
Research
Dr. Abdul Kabeer Kazi
Scientific
Method
Basic
Research
General Laws
Elements of the
Scientific Method
Objectivity
Systematic Analysis
Logical Interpretation of Results
Empirical Approach
Observations
Questions
Hypotheses
Experiments
Analysis
Conclusion
Replication
Information or
Ideas for alternative
Courses of action
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2.
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NO
Yes
Do not
undertake Business Research
High importance
of decision?
Yes
Research benefits
greater than costs?
Dr. Abdul Kabeer Kazi
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DATA
Measurements of phenomena
(e.g. sales statistics of a department store)
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institutions
Stock Exchanges
National Investment Board
Export Promotion Bureau
Manufacturers, Traders and Exporters Associations
Research Institutes (e.g. Pakistan Institute of Development Economics)
Newspapers and Magazines (e.g. Business Recorder, Pakistan and Gulf
Economist)
Business and Trade Directories
Internet (e.g.: www.forexpk.com)
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