Chapter One
Advanced Research Methods: An
Introduction
By
Mesfin A. (PhD Scholar)
Target Groups: For 1st Year MBA Students
Prepared By: Mesfin Abebe,
Lecturer 02/02/2023
1.1 Introduction
The term ‘Research’ consists of two words:
Research = Re + Search
‘Re’ means again and again and ‘Search’
means to find out something.
Therefore, research means to observe the
phenomena again and again from different
dimensions.
Prepared By: Mesfin Abebe,
Lecturer 02/02/2023
Some Important Meanings of Research
Research is oriented towards the discovery of
relationship that exists among phenomena of the world
in which we live.
Research commonly refers to a search for knowledge.
Some people consider research as a movement from known to
unknown.
It is indeed a voyage of knowledge.
Business research is the application of the scientific
method in searching for the truth about business
phenomena.
Prepared By: Mesfin Abebe,
Lecturer 02/02/2023
Definition
Research is the systematic and objective identification,
collection, analysis, dissemination of and use of
information for the purpose of improving decision
making related to the identification and solution of
problems and opportunities.
Prepared By: Mesfin Abebe,
Lecturer 02/02/2023
1.2. Motivation of Doing Research
The possible motives for doing research can be either
one or a combination of the following.
1) Desire to get degree with its consequential benefit.
2) Desire to get respect and promotion (to own respect in
society) in academic and research institutions publication is
crucial for promotion and academic rank.
3) Desire to face a challenge in solving the unsolved problem.
Concern over a particular problem initiates a researcher.
Prepared By: Mesfin Abebe,
Lecturer 02/02/2023
4) Desire to get intellectual joy of doing some creative work.
5) Directive of government.
6) Employment condition.
Some employers set as criteria at least one publication in
international journal.
Prepared By: Mesfin Abebe,
Lecturer 02/02/2023
1.3. Types of Research
Generally research can be classified on the basis of the
following traits.
1. On the basis of the outcome of the research
Whether the research tries to solve a particular problem or makes a
general contribution to the knowledge, research can be:
A. Fundamental Research
Research done primarily to enhance understanding on certain problems that
commonly occur in organizations is called basic, fundamental or pure research.
For example:
Darwin Theory of Evolution
Relationship between Crime and Economic status
Prepared By: Mesfin Abebe,
Lecturer 02/02/2023
B. Applied Research
A research aimed at finding a solution for an immediate
problem facing a society, a group or industry (business
organization).
For example
The improvement of safety in the working place.
The reduction of wastage in the working places
While pure research discovers principles and laws, applied
research discovers their application in solving some social,
economical or any other problems.
Prepared By: Mesfin Abebe,
Lecturer 02/02/2023
2. On the basis of the purpose of the research (the reason why a
research is conducted), it can be:
A. Exploratory Research (Pilot Survey)
It is called preliminary research.
It is aimed at discovering, identifying and formulating a
research problem and hypothesis.
B. Descriptive Research
It is a research which describes phenomena as they exist.
It is used to identify and obtain information on the characteristics of a
particular problem or issue.
The main purpose of such research is description of the state of nature or
affairs as it exists at present.
For example
What is the absentee rate in office or manufacturing department?
Frequency of shopping
Prepared By: Mesfin Abebe,
Lecturer 02/02/2023
C. Analytical or Explanatory Research
Analytical research on the other hand, goes beyond simple
description of the state of nature.
When a researcher encounters an issue that is already known and
have a description of it you may begin to ask “why” things are the
way they are.
Not only describe the characteristics, but also it analyzes and
explains why and how it happened or is happening.
For example
How can we reduce the numbers of complaints made by
customers?
How can we reduce the number of absenteeism in the office or
department.
Prepared By: Mesfin Abebe,
Lecturer 02/02/2023
D. Predictive Research
It tries to explain about the probability of happening
similar thing in the future.
For example
How would an increase in interest rate affect our
profit margin?
What type of packaging will improve the sales of our
products?
Prepared By: Mesfin Abebe,
Lecturer 02/02/2023
That is, on the
3. On the basis of the Process of the research
basis of data used in the research process research can
be:
A. Qualitative Research
Such research is applicable for phenomenon that cannot be
expressed in terms of quantity.
For example
Research designed to find out how people feel or what they
think about a particular subject or institution
Prepared By: Mesfin Abebe,
Lecturer 02/02/2023
B. Quantitative Research
It is applicable for phenomenon that can be expressed in term
of quantity.
A quantitative approach involves collecting and analyzing
numerical data and applying statistical tests.
Quantitative research is more objective in nature.
For example
The Impact of CSR on the Financial Performance of a give
bank
Prepared By: Mesfin Abebe,
Lecturer 02/02/2023
4. On the basis of the the environment in which the research is
carried out research can be:
A. Field research: It is a research carried out in the field. Such
research is common in social science, agricultural science,
history and archeology.
B. Laboratory research: It is a research carried out in the
laboratory. These are commonly experimental research. Such
researchers are common in medical science, agriculture and in
general in natural sciences.
C. Simulation research: Such research uses models to represent
the real world. Simulation is common in physical science,
economics and mathematics.
Prepared By: Mesfin Abebe,
Lecturer 02/02/2023
5. On the basis of the time required to complete the research,
research can be:
A. One Time Research:
It is a research limited to a single time period
B. Longitudinal research:
Such research is also called ongoing research.
It is a research carried out over several time periods.
Prepared By: Mesfin Abebe,
Lecturer 02/02/2023
1.4. Objectives of Research
Though each research study has its own specific objectives, any
research has got the following common (general) objectives.
1. To generate new knowledge, principle and scientific law
2. To review and synthesize existing knowledge. That is, to verify
the validity of the previous work.
3. To investigate some existing situation or problem
To explain new phenomenon
To examine the cause of the problem
To examine the nature of the problem
4. To provide solution to a problem
5. To construct or create a new procedure and new system
6. A combination of any one of the above
Prepared By: Mesfin Abebe,
Lecturer 02/02/2023
1.5. Research Process
Research processes consists of a series of actions or steps,
which are necessary to successfully carry out research
activities.
These activities (steps) can overlap continuously rather
than the following strictly prescribed sequence.
The first step can determine the nature of the last step to
be under taken. These steps are not separated and distinct.
They do not necessarily follow each other in any specific
order.
Prepared By: Mesfin Abebe,
Lecturer 02/02/2023
However, the following order of steps provides a useful procedural
guide line regarding the research process:
Identification and formulating the research problem
Extensive literature survey
Developing working hypothesis
Preparing the research design
Determining sample design
Collecting data
Execution of the project
Analysis of the data
Hypothesis testing
Generalization and interpretation
Reporting the result
Prepared By: Mesfin Abebe,
Lecturer 02/02/2023
1.6. Characteristics of Good Research
1. Good research is Systematic.
2. Good research is logical.
◦ Research is guided by the rules of logical reasoning.
3. Good research is Empirical.
◦ It deals with concrete data that provides a basis for internal
validity to research results.
4. Good research is Replicable.
◦ It allows research results to be verified by replicating the
study and there by building a sound basis for decisions.
Prepared By: Mesfin Abebe,
Lecturer 02/02/2023
Thank You!!
Prepared By: Mesfin Abebe,
Lecturer 02/02/2023
