Business Studies
Research
Week 1
1
How This Course Will Be Conducted
Introduction to Research Methodology (Business Research Methods)
SPSS application
2
The DO‘s and DONT‘s Catalogue for Course Participants
• To show that the subject of research methodology has matured into a substantive
body of knowledge, an indepth understanding of which is crucial for ensuring the
success of commercial or non-commercial organizations
• To show and encourage the course participants that the theoretical knowledge
acquired in this course can - with the appropriate context-related modifications - be
applied to numerous real-life situations in business, public-sector and non-profit
enterprises
4
Demands on Course Participants
• Quizzes & (proof that the course participant is familar with the essentials
Sessionals of research methodology)
• Examination
5
Important Information for Course Participants – (1)
You MUST read the course literature from the beginning of the semester.
Relying on the PowerPoint slides is NOT sufficient! The purpose of these
slides is to provide you with a broad and general introduction to research
methodology. Kindly note that the slides are intended as a supplement
to, and NOT as a substitute for the prescribed course literature
The prescribed course literature will be used as a reference for the quizzes,
sessionals and final examination. Failure to read and understand the course
literature could mean that a course participant will fail the course! An
automatic passing grade in this course is NOT guaranteed, rather, a course
participant‘s marks will reflect his or her effort and performance in the
subject
6
Important Information for Course Participants – (2)
7
What is Business Research?
10
Common Business Research Methods &
Techniques
• Surveys
• Interviews
• Observation
• Experiments
• Archival and Historical Data
• Qualitative Analysis
• Quantitative Analysis
11
Fields Where Business Research is Often Used – (1)
General Business Conditions and Financial and Accounting Research
Corporate Research
• Forecasts of financial interest rate
• Short- & Long-Range Forecasting, trends,
• Business and Industry Trends • Stock,bond and commodity value
• Global Environments predictions
• Inflation and Pricing • capital formation alternatives
• Plant and Warehouse Location • mergers and acquisitions
• Acquisitions • risk-return trade-offs
• portfolio analysis
Management and Organizational • impact of taxes
Behaviour Research • research on financial institutions
• expected rate of return
• Total Quality Management • capital asset pricing models
• Morale and Job Satisfaction • credit risk
• Leadership Style • cost analysis
• Employee Productivity
• Organizational Effectiveness
• Structural ssues
• Absenteeism and turnover
• Organizational Climate
12
Fields Where Business Research is Often Used – (2)
Sales and Marketing Research Information Systems Research
13
Basic and Applied Research
Basic Research aims to expand the frontiers of science and knowledge by
verifying or disproving the acceptability of a given theory or attempting to
discover more about a certain concept (non-specificity)
14
Science and the Scientific Method
Science has been defined as “the methodological and
systematic approach to acquisition of new knowledge”
(Geoffrey Marcyzk, David DeMatteo, David Festinger, Essentials of
Research Design and Methodology, John Wiley & Sons, 2005, p. 4)
15
The Essence of the Scientific Method
Empirical Approach
Observations
Questions
Hypotheses
Basic Experiments
General Laws
Research
Scientific
Analysis
Method
Conclusion
Replication
Applied Information or
Research Ideas for alternative
Courses of action
16
The Value of Business Research for Managers – (1)
17
The Value of Business Research for Managers – (2)
19
The Value of Business Research for Managers – (4)
Evaluation Research – It is the formal objective
measurement and evaluation of the extent which an
activity, project or programme has achieved its goal, and
the factors which influence performance (e.g. audits). It is
also the formal objective measurement and evaluation of
the extent to which on-going activities, projects or
programmes are meeting their goals (performance-
monitoring research)
21
When Should Business Research be Undertaken?
Is sufficient time
available?
Yes
Is information
inadequate? NO Do not
undertake Business Research
Yes
High importance
of decision?
Yes
Research benefits
greater than costs? Undertake Business Research
22
Value and Costs of Undertaking Business
Research
VALUE
COSTS
23
The Building Blocks of Research
24
Demands on Data & Information
• Relevance to the problem or situation at hand
• Must be available in a timely manner to the right person
(manager or decision-maker)
• Completeness
• Accuracy
• Accessibility
• Affordability
• Integrateability into a broader global information or
decision-support system
25
Databases & Software