Sources & methods of data collection Secondary data Survey research Questionnaire design Qualitative & observation method Measurement concepts Attitude measurement Sampling design
InternalInternal- departmental reports, financial & accounting records, ininhouse journals, internal DBMS ExternalExternal- Books & periodicals, reports of associations, reports of government agencies, industrial syndicates
Books & Periodicals- journals like Financial Analyst, Marketing Research etc PeriodicalsMagazines like Business Week, Business World, Fortune, Harvard Business Review etc. Newspaper like Economic Times, Business Standard etc Government Publications- Publications from Registrar General of India, The PublicationsCSO, The RBI, Planning Commission etc., such as Statistical Abstract India, RBI Bulletin, Annual survey of industries, All India consumer price index etc Non Government Associations The Bombay Mill owner s Association, Automobile Associations, Federation of Indian Chamber of Commerce & Industry(FICCI), Indo-American Chamber of Commerce etc. Indo-
Category
DirectoriesDirectories-
The Bombay Stock exchange directory( Financial accounts) The city as it happens etc
Industry ExpertsExperts-
Price Waterhouse Coopers(Financial consultant), Datamonitor s Business Information Center(services to World s largest companies pertaining to automotive & logistic, consumer markets, energy & utilities, financial services & healthcare & technology sectors
Special CollectionsCollections-
Reference Books, master s thesis, PhD Dissertations, Speeches of eminent peoples. Hard Copy Internet
Medium
Database format
Reference Source
Advantages
1. 2. 3. 4. It It It It helps to identify, clarify & redefine the research problem might also hold a solution to the problem may provide alternatives for primary research generates requisites information for better creativity
Disadvantages
1. Lack of availability 2. Lack of relevance 3. Inaccurate data
Survey Research
The method of collecting information by asking a set of prepre-formulated questions in a predetermined sequence in a structured questionnaire to a sample of individuals drawn so as to representative a defined population is known as survey research. Classification of survey researchresearch
Method of Communication
1.Personal Interviews 1. Door to Door InterviewingInterviewing2. Executive Interviewing 3. Mall Intercept Interviewing
2. Telephonic Interviews 1. Central-location Telephonic Interviewing Central2. Computer-assisted Telephonic Interviewing Computer3. Completely Automated Telephonic Surveys 3. Self administered Interviews 4. Mail survey
Sampling Precision Budget Quality data Need to expose the respondent to various stimuli Incident rate Accuracy of the resultant data Random sampling error
Respondent Error (i) Non-response error NonEither the interviewee is not available at home or deliberately not coping up to furnish the information. information.
(ii) Non-response error NonInterviewee will give wrong information due to self respect, pride, ego or else the unconscious misrepresentation is the cause of such error. error.
Questionnaire Design
A questionnaire design is a set of questions to be asked from respondents in an interview. Steps of Questionnaire Design
Preliminary decisions 1. Required information 2. Target respondent 3. Interviewing techniques Question content It includes 1. Utility of the data 2. Effectiveness in producing the data 3. The respondent's ability to answer accurately- Ignorance, Inability accuratelyto recollect & Inability to verbalize. 4. The respondent's willingness to answer accurately 5. Effect of external events
Response formatformat
Open ended questions 1. Free response 2. Probing 3. Projective Close ended questions 1. Binary 2. Ranking 3. MCQ 4. Checklist Shared vocabulary - The words should not be too technical, unambiguous or vague Unsupported assumption where your spouse is working Frame of reference A single word can have several connotations under different situations? (often, regularly) Biased wording Do you think that the TV has a negative effect on children? Adequate alternatives How often do you purchase stock? Double barreled questions - Do you drive or take the bus everyday to office ? Y/N Generalizations & Estimates How many times do you smoke in a month?
Question Wording
Questionnaire sequencesequence
LeadLead-in questions( hot topic, current events) Qualifying questions(Objective oriented) WarmWarm-up questions Specific questions Demographic Questions(age, sex, location, occupation etc)
Measurement Concepts
Nominal scale Ordinal scale Interval scale Ratio scale Reliability It provide stable measures at different times under different conditions . The methods are Test-retest, Equivalent form & Internal Testconsistency
Validity It is a measuring instrument to measure what it is intended to measure. The methods are Face validity, content validity, criterioncriterionrelated validity & construct validity. Sensitivity It refers to an instrument s ability to measure variability in stimuli or responses. Generalizability It refers to the amount of flexibility in interpreting the data in different research design. Relevance = Reliability X Validity
Focus Groups
Dual Moderator Two way Dueling Moderator Mini Groups
Projective Techniques
Association Completion Construction Expressive
Observation Methods
Content Analysis
Attitude Measurement
Attitudes have been understood as learned predispositions that project positive & negative behaviour consistently towards various objects of the world. world. Components of Attitude
Affective Component (Feelings)
Cognitive Component
The knowledge & perception acquired by combination of direct experience with attitude object & related information from various sources are based on cognition of an individual. individual.
Affective Component
A person s emotions or feelings towards an object.
Behavioral Components
It comprises person s future actions & intentions.
Changing Attitudes
Altering existing beliefs about a product(BPCL) Changing attitudes by changing the importance of beliefs(Kellogg s) Adding new beliefs(Tata salt)
Attitude Scaling
Single item Scale Continuous Scales
Multi Item Scales
Itemized category Scales Rank order Scales Comparative Scales Constant sum Scales Q Sort Scales Paired Comparison Scales Pictorial Scales
Likert Scales Semantic Differential Scales Thurstone Scales Associative Scales Stapel Scales
Sampling Design
Basic Concepts are
Population, Sample, Sampling, Sampling unit, Sample Frame, Sampling Error, Sampling precision. Types of sampling Probability or Random Sampling
Simple random sampling Stratified random sampling Systematic sampling Multistage cluster sampling
Defining the target population Specifying the sampling frame Specifying the sampling unit Selection of Sampling methods Determination of sample size Specifying sample plan Selecting Sampling Plan
Sample size(n) = (ZS/E)2, for sample mean Sample size(n) = (Zpq/E)2, For sample proportion