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OBJECTIVES OF RESEARCH
To discover answers to questions through the application
of scientific procedures
To find out the truth which is hidden and which has not
been discovered as yet
To gain familiarity with a phenomenon or to achieve new
insights into it (exploratory or formulative research)
To portray accurately the characteristics of a particular
individual, situation or a group(descriptive research)
To determine the frequency with which something occurs
or with which it is associated with something else
(diagnostic research)
To test a hypothesis of a causal relationship between
variables (hypothesis-testing research)
MOTIVATION IN RESEARCH
Desire to get a research degree along with its
consequential benefits
Desire to face the challenge in solving the
unsolved problems, i.e., concern over practical
problems initiates research
Desire to get intellectual joy of doing some
creative work
Desire to be of service to society
Desire to get respectability
(directives of government, employment conditions, curiosity
about new things, desire to understand causal relationships,
social thinking and awakening)
TYPES OF RESEARCH
Descriptive vs. Analytical
Descriptive Research:
o Includes surveys and fact-finding enquiries
o Major purpose of descriptive research is description of the state
of affairs as it exists at present
o Used in social science and business research
o The researcher has no control over the variables
o for example, frequency of shopping, preferences of people
Analytical Research:
o The researcher has to use facts or information already available
o Analyze the information to make a critical evaluation of the
material
TYPES OF RESEARCH
(Contd..)
Fundamental research
o Concerned with generalisations and with the formulation of a theory
o Research concerning some natural phenomenon or relating to pure
mathematics
o Directed towards finding information that has a broad base of
applications
TYPES OF RESEARCH
(Contd..)
Qualitative Research:
o Concerned with qualitative phenomenon, i.e.,
phenomena relating to or involving quality
o Important in the behavioural sciences where the aim is
to discover the underlying motives of human behaviour
TYPES OF RESEARCH
(Contd..)
Empirical Research:
o Relies on experience or observation alone
o Data-based research, coming up with conclusions which
are capable of being verified by observation or
experiment
Research Approaches
A. Quantitative approach
. Generation of data in quantitative form which can be subjected to rigorous quantitative
analysis in a formal and rigid fashion
1.Inferential approach
To form a data base used in population related studies. E.g. infer characteristics or
relationships of population
2.Experimental approach
Greater control over the research environment and in this case some variables are
manipulated to observe their effect on other variables
3.Simulation approach
Construction of an artificial environment within which relevant information and data can be
generated
B. Qualitative approach
. Subjective assessment of attitudes, opinions and behavior
. Function of researchers insights and impressions
. Generates results either in non-quantitative form or in the form which are not subjected to
rigorous quantitative analysis
Significance of Research
Research inculcates scientific and inductive thinking and it promotes the
development of logical habits of thinking and organisation
The role of research in several fields of applied economics, whether related to
business or to the economy as a whole, has greatly increased in modern times
Research provides the basis for nearly all government policies in our economic
system research facilitates the decisions of the policy maker
Research has its special significance in solving various operational and planning
problems of business and industry
Research is equally important for social scientists in studying social relationships
and in seeking answers to various social problems
To those students who are to write a masters or Ph.D. thesis, research may mean
a careerism or a way to attain a high position in the social structure
To professionals in research methodology, research may mean a source of
livelihood
To philosophers and thinkers, research may mean the outlet for new ideas and
insights
To literary men and women, research may mean the development of new styles
and creative work
To analysts and intellectuals, research may mean the generalisations of new
theories
Research methodology:
Way to systematically solve the research problem
A science of studying how research is done scientifically
Study of various steps that are generally adopted by a researcher in studying his
research problem along with the logic behind them
research methodology has many dimensions and research methods do constitute a
part of the research methodology
Research Process
Research Process
Contd
Research Process
Contd
Research Process
Contd
8. Analysis of data:
requires a number of closely related operations such as establishment
of categories, the application of these categories to raw data through
coding, editing, tabulation and then drawing statistical inferences
9. Hypothesis-testing:
Various tests, such as Chi square test, t-test, F-test
Hypothesis-testing will result in either accepting the hypothesis
or in rejecting it