100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
summary research methods for business $7.93   Add to cart

Summary

summary research methods for business

 26 views  1 purchase
  • Course
  • Institution
  • Book

this document consists of the following chapters: Lecture 1: Introduction to this course and to research (Chapter 1 from the handbook) 2 Lecture 2: The Scientific approach and alternative approaches to investigation Lecture 3: The problem statement: defining the mgmt. and research...

[Show more]

Preview 4 out of 53  pages

  • Yes
  • June 12, 2023
  • 53
  • 2022/2023
  • Summary
avatar-seller
Research Methodology and Literature Study | Claudio Pinna



Research Methodology and
Literature Study
Master of Management – Preparatory Program 2022 - 2023

Chapter 1: Introduction to Research

1.1. Business research


Research = the process of finding solutions to a problem after a targeted and systematic
study and analysis of materials and sources.
Business research = the systematic and organized effort to investigate a specific decision
problem encountered in the work setting, which needs a solution. It comprises a series of
steps executed to find answers to the issues that are of concern to the manager in the work
environment.
Forms of data:
- Primary data: gathered first-hand
- Secondary data: data that are already available
- Quantitative data: data in the form of numbers as generally generated through
structured questions
- Qualitative data: data in the form of words as generated from the broad answers to
questions in interviews or responses to open-ended questions



1.2. Basic and applied research


Basic research: to generate a body of knowledge by trying to comprehend how certain
problems occurring in organizations can be solved (e.g., causes and consequences of global
warming).
Applied research: to solve a decision problem faced by the manager in the work setting,
demanding a timely solution (e.g., global warming knowledge applied to construction
industry).




1

, Research Methodology and Literature Study | Claudio Pinna

Relationship between basic and applied: “Though the goal of engaging in basic research is
primarily to equip oneself with additional knowledge of certain phenomena and problems
that occur in several organizations and industries with a view of finding solutions, the
knowledge generated from such research is often applied for solving organizational
problems.”
Basic research is not the sole property of universities, many big companies also do basic
research, either directly themselves or by funding research centres (e.g., Facebook studies
online behaviour and interactions to gain insights in how social and technological forces
interact).



1.3. Quantitative and qualitative methods


Quantitative methods:




2

, Research Methodology and Literature Study | Claudio Pinna

Qualitative methods:




1.4. Why managers need research skills


A manager does not necessarily conduct any research but has to understand, predict and
control events that are dysfunctional within the organization (e.g., a newly developed
product that isn’t taking off).
Minor problems may be fixed by the manager, but major problems require the hiring of
outside researchers/consultants.
Managers need the ability to interpret the results of published research that has addressed
similar issues.
Managers need to interact with hired researchers and consultants effectively.
Managers need to convert research report about their organization handed over by
professionals into actions.
Managers need to understand biases and limitations to research.




3

, Research Methodology and Literature Study | Claudio Pinna


1.5. Internal vs external consultants/researchers


When a manager hires an external consultant, they need to make sure that:
- Roles and expectations are clear from the start, for both parties (e.g., boundaries or
research assignment).
- Values and constraints of organisation are communicated (e.g., GDPR, firing is not an
option, …).
- Employees trust consultant and will cooperate where needed.
An internal researcher comes from within the company, for example the R&D department,
management service department, HR department, …
Important arguments to choose for one or the other relate to:
- Conflicts of interest
- Price (cheaper)
- Organizational biases
- Broad experience
- Acceptance
- Extensive training
- Implementation of conclusions
- Understanding of organizations
- New ways of thinking



Chapter 2: Hallmarks of Good Research and Different Research
Approaches

2.1. From business research to good business research


Research = process of finding solutions to a problem after targeted and systematic study and
analysis of materials and sources.
“Good” research = scientific research (not based solely on hunches, experience and intuition,
but purposive and rigorous):
- Should allow those interested in researching similar issues to come up with
comparable findings when data are analysed.
- Helps researchers state their findings with accuracy and confidence.




4

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller kasperjans2001. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $7.93. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

72042 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$7.93  1x  sold
  • (0)
  Add to cart