This article will help you to make comparison between internal and external proposal made by a researcher in the firm. Difference # Internal Proposals: Internal proposals are a memo from the researcher to management outlining the problem statement, study objectives, research design, and schedule is enough to start an exploratory study. Privately and publicly held firms are concerned with how [...]
Read this article to learn about:- 1. Meaning of Research 2. Objectives of Research 3. Significance 4. Structure 5. Characteristics 6. Importance. Contents: Meaning of Research Objectives of Research Significance of Research Structure of Research Characteristics of Research Importance of Research in Management Decision 1. Meaning of Research: Research is an academic activity and such as the term should be [...]
The basic types of research are given below: Type # 1. Pure Research: Pure research includes developing and testing theories and hypothesis that are intellectually challenging to the researcher but it may or may not have practical application at the present time or in the future. Thus, such work often involves the testing of hypotheses containing very abstract and specialised [...]
Statements: "Creative management, whether in public administration or private industry, depends on method of inquiry that maintains objectivity, clarity, accuracy and consistency" Discuss this statement and examine the significance of research. Solution: All progress is born of inquiry. Doubt is often better than overconfidence, for it leads to inquiry and inquiry leads to invention is a famous fact, some maxim [...]
Following are a number of examples on the applications of various functions of management research. They clearly bring out how marketing research has been helpful in resolving marketing problems or in identifying opportunities or the development of new products. 1. A pharmaceutical company carried out a study on the prescription behaviour for a major brand on account of its declining [...]
Read this article to learn about:- 1. Meaning and Significance of a Research Design 2. Different Components of Research Design. Meaning and Significance of a Research Design: The formidable problem that follows the task of defining the research problem is the preparation of the design of the research project, popularly known as the 'research design.' Decisions regarding what, where, when, [...]
This article throws light upon the ten main steps involved in the research process. The steps are: 1. Formulating the Research Problem 2. Extensive Literature Survey 3. Development of Working Hypotheses 4. Preparing the Research Design 5. Determining Sample Design 6. Collecting the Data 7. Execution of the Project 8. Analysis of Data 9. Hypothesis-Testing 10. Generalisations and Interpretation. Step [...]
Different research designs can be conveniently described if we categorize them as: 1. Research Design in Case of Exploratory Research Studies 2. Research Design in Case of Descriptive and Diagnostic Research Studies 3. Research Design in Case of Hypothesis-Testing Research Studies. 1. Research Design in Case of Exploratory Research Studies: Exploratory research studies are also termed as formulative research studies. [...]
This article throws light upon the fifteen main contents of a research proposal. The contents are: 1. Executive Summary 2. Problem Statement 3. Research Objectives 4. Literature Review 5. Importance/Benefits of the Study 6. Research Design 7. Data Analysis 8. Nature and Form of Results 9. Qualifications of Researchers 10. Budget 11. Schedule 12. Facilities and Special Resources 13. Project [...]
Read this article to learn about:- 1. Planning of Experiments 2. Definition of the Design of Experiment 3. Basic Principles. Planning of Experiments: Experiments are carried out in order to test the validity of a hypothesis or to estimate the magnitude of an effect. But it is the common characteristic of experiments that when they are repeated the effects of [...]
In this design the experimental material is divided into groups, each of which is subjected to a single trial or replication. The object is to keep the experimental errors as small as possible at all stages of the experiment. Then, when the units assigned to the successive groups, all units which go in the same group should be closely comparable. [...]
When there are two factors to be considered, the material can be divided into homogeneous groups by the second factor so that each, experimental unit falls into one of the first factor groups and one of the second factor groups. Here we adopt the indigenous device of arranging the data known as 'Latin Square Designs'. In this design the field [...]
Secondary data may be either in the published or unpublished form. The nature of the sources of the published data is quite different from the unpublished data. However, the different sources of the published and unpublished data are presented here as under: (i) Published Sources: The sources of the published secondary data can be broadly classified into the following types: [...]
The procedure of selecting a sample may be broadly classified under the following two heads: 1. Non-Probability Sampling Methods 2. Probability Sampling. 1. Non-Probability Sampling Methods: The common feature in non-probability sampling methods is that subjective judgments are used to determine the populations that are contained in the sample. We classify non-probability sampling into four groups: 1. Convenience Samples. 2. [...]
We have understood that in simple random sampling, the variance of the sample estimate of the population is: (a) Inversely proportional to the sample size, (b) Directly proportional to the variability of the sampling units in the population. We also know that the precision is defined as reciprocal of its sampling variance. Therefore as sample size increases precision increases. Apart [...]
Marketing Information can be obtained from some of these sources given below: Source # 1. Secondary Information Sources: Secondary information is usually collected by persons (before) and very often for purposes other than the problem at hand. If a fan manufacturers, for example, requiring information on the potential market for fan is Sri Lanka, he will try to obtain this [...]