Business Research Methods Part B Cat 1
Business Research Methods Part B Cat 1
PART B
UNIT 1
1. Examine the various types of research and their relative merits and demerits with
suitable examples from the business management point of view?
In business management, research can be categorized into several types,
including descriptive, correlational, experimental, case study, and survey research,
each with its own advantages and disadvantages depending on the research question
and desired level of insight:.
1. Descriptive Research:
Merits:
Provides a detailed picture of a phenomenon at a specific point in time, useful for
understanding market trends, customer demographics, and current business
practices.
Demerits:
Cannot establish cause-and-effect relationships, may not reveal underlying reasons
behind observed trends.
Example:
Conducting a customer satisfaction survey to understand the overall sentiment
towards a company's recent product launch, identifying areas of improvement
without pinpointing specific factors causing dissatisfaction.
2. Correlational Research:
Merits: Identifies potential relationships between variables, helpful for
exploring potential connections between marketing strategies and sales
figures.
Demerits: Does not prove causation, can be influenced by confounding
variables.
Example: Analyzing data to see if there is a correlation between the amount
spent on advertising and brand awareness, but not necessarily concluding that
increased advertising directly causes higher brand awareness.
3. Experimental Research:
Merits:
Allows for testing cause-and-effect relationships by manipulating variables in a
controlled environment.
Demerits:
Can be difficult to replicate real-world conditions, ethical considerations may arise
when manipulating variables.
Example:
A company testing the impact of different pricing strategies on customer purchase
behavior by conducting a controlled experiment with different price points in
different regions.
4. Case Study Research:
Merits:
Provides in-depth analysis of a specific company or situation, useful for exploring
complex issues and gaining rich qualitative data.
Demerits:
May not be generalizable to other contexts, potential for bias due to focus on a single
case
Example:
Studying a successful company's turnaround strategy to understand the key factors
that contributed to their recovery and identify potential strategies for similar
situations within the company.
5. Survey Research:
Merits:
Allows for gathering data from a large sample size, relatively quick and cost-
effective method for collecting quantitative data.
Demerits:
Potential for response bias, limited depth of information due to structured questions.
Example:
Sending out an online survey to customers to gather feedback on their overall
shopping experience and identify areas for improvement.
2. Explain the various stages of research process with a neat diagram.
The image represents a flowchart outlining the steps in a research process. Here's an explanation
of each step:
Documenting the entire research process, findings, and conclusions in a structured report.
4. Assess Feasibility
Check for available data sources, required time, budget, and expertise.
Example: Conducting a survey of professionals in different industries to measure Instagram
usage and productivity.
Formulate a concise statement that outlines the issue and why it needs investigation.
Example:
o "There is limited research on how excessive Instagram usage affects employees'
productivity levels in corporate settings. This study aims to explore this relationship
and provide insights into workplace digital consumption patterns."
Once a research problem is identified, research objectives must be formulated. These are specific
goals that the study aims to achieve.
Example:
Language Barriers: India has multiple languages, making survey administration difficult.
Low Literacy Levels: In rural areas, respondents may struggle to understand survey questions.
Unwillingness to Participate: People may hesitate to share information due to fear of authority
or lack of trust.
Example: Farmers may be reluctant to provide accurate financial data due to tax concerns.
Empirical research requires financial support for surveys, travel, and data collection.
Many researchers struggle to secure grants from government agencies or private institutions.
Example: A researcher studying climate change may need expensive equipment for
environmental monitoring.
Limited internet access in remote areas affects online surveys and digital data collection.
Lack of modern statistical tools and software in many institutions hinders analysis.
Example: A study on e-governance adoption may face issues in rural areas with low internet
penetration.
Some topics (e.g., caste, religion, gender issues) are politically sensitive and can attract
controversy.
Researchers may face resistance or backlash when studying controversial issues.
Example: A study on communal tensions may face opposition from different interest groups.
Some researchers may not follow proper ethical guidelines (e.g., informed consent, privacy
protection).
Example: Collecting medical data without proper consent can create legal and ethical issues.
6. Discuss in detail about Research Hypothesis and its types with suitable example
A research hypothesis is a proposed statement that predicts a relationship between
variables in a study, essentially an educated guess about the outcome of research,
which can be tested through experimentation and data analysis; it acts as the guiding
principle for research and outlines the expected results based on existing knowledge
and theory.
Types of Research Hypotheses:
Simple Hypothesis:
Predicts a relationship between a single independent variable and a single dependent
variable.
Example: "Students who study for 2 hours before an exam will achieve
higher scores than those who do not study."
Complex Hypothesis:
Examines the relationship between multiple independent and dependent variables,
often involving interactions between them.
Example: "People who exercise regularly, eat a balanced diet, and get
enough sleep will have better overall health compared to those who do
not practice these habits."
Directional Hypothesis:
Specifies the expected direction of the relationship between variables, stating
whether one variable will increase or decrease as the other changes.
Example: "Individuals who participate in a mindfulness meditation
program will report significantly lower stress levels compared to those
in a control group."
Non-directional Hypothesis:
Simply states that a relationship exists between variables without predicting the
direction of that relationship.
Example: "There is a significant difference in job satisfaction levels
between employees working in remote and office settings."
Null Hypothesis (H0):
A statement that there is no significant relationship between variables, essentially
the default assumption that is tested against the research hypothesis.
Example: "There is no difference in the average test scores between
students who received traditional instruction and those who received
online instruction."
Alternative Hypothesis (H1):
The opposite of the null hypothesis, representing the researcher's actual prediction
about the relationship between variables.
Example: "Students who received online instruction will achieve
significantly higher test scores compared to those who received
traditional instruction."
Associative Hypothesis:
Indicates a correlation or association between variables without implying causation.
Example: "There is a positive correlation between income level and
the number of years of education."
Causal Hypothesis:
Claims that changes in one variable directly cause changes in another variable.
Example: "Regular exercise leads to a reduction in blood pressure."
7. Explain the seven-step process in the hypothetico-deductive method?
Marketing Research:
Finance Research:
Operations Research:
2. Discuss the various types of Measurement Scales and also their pros and cons.
The four primary types of measurement scales are Nominal, Ordinal, Interval, and
Ratio, each with increasing levels of information and analytical capabilities, with
"Nominal" being the most basic and "Ratio" offering the most flexibility for
statistical analysis; pros of each scale include their ability to categorize data
appropriately, while cons can include limitations in the types of statistical tests
applicable depending on the scale used.
1. Nominal Scale:
Definition: Assigns categories or labels to data without any inherent order or
ranking.
Example: Gender (Male, Female), Favorite Color (Blue, Red, Green)
Pros: Simple to use for basic categorization.
Cons: Cannot perform calculations like averages due to lack of numerical
meaning.
2. Ordinal Scale:
Definition:
Data can be ranked or ordered, but the intervals between categories are not
necessarily equal.
Example:
T-shirt sizes (Small, Medium, Large), Customer Satisfaction Level (Very
Dissatisfied, Dissatisfied, Neutral, Satisfied, Very Satisfied)
Pros:
Allows for comparison of relative ranking between categories.
Cons:
Cannot determine the exact difference between categories as intervals are not equal.
3. Interval Scale:
Definition: Data can be ranked, and intervals between categories are equal,
but there is no true zero point.
Example: Temperature in Celsius or Fahrenheit
Pros: Enables more sophisticated statistical analysis like calculating means
and standard deviations.
Cons: Cannot perform ratio comparisons due to the lack of a true zero point.
4. Ratio Scale:
Definition: Data can be ranked, intervals are equal, and there is a true zero
point, allowing for ratio comparisons.
Example: Height in centimeters, Weight in kilograms
Pros: Most versatile scale, allows for a wide range of statistical analysis
including ratios and percentages.
Cons: Can be complex to design and apply in certain situations.
3. Explain in detail about the various types of Comparative scaling techniques with
example
Comparative scaling techniques involve directly comparing one stimulus to another,
allowing researchers to understand relative preferences or perceptions between
different options, with the most common types being: Paired Comparison, Rank
Order, Constant Sum, and Q-sort scaling; each with its own application and method
of data collection.
1. Paired Comparison Scaling:
Concept:
Presents respondents with two stimuli at a time and asks them to choose which one
they prefer based on a specific criterion.
Example:
A researcher wants to determine the preferred flavor of ice cream between vanilla,
chocolate, and strawberry. They would present pairs like "vanilla vs chocolate",
"chocolate vs strawberry", and "vanilla vs strawberry" to each participant, asking
them to select the preferred flavor in each pair.
2. Rank Order Scaling:
Concept:
Asks respondents to rank a set of stimuli from most preferred to least preferred,
providing an ordinal ranking of their choices.
Example:
A market researcher wants to know consumer preference for different brands of
smartphones. They would present a list of brands and ask participants to rank them
from most preferred to least preferred.
3. Constant Sum Scaling:
Concept:
Allocates a fixed number of points (like dollars or points) to a set of stimuli, where
the total sum across all stimuli must equal a constant value, reflecting the relative
importance of each option.
Example:
A study asks participants to distribute 100 points among three different features of a
new car (fuel efficiency, design, price) to show their relative importance for the
purchase decision.
4. Q-Sort Scaling:
Concept:
A variant of rank order scaling where respondents are given a set of cards
representing different stimuli and asked to sort them into predefined categories based
on their perceived similarity or importance.
Example:
A researcher studying consumer perception of different brands might ask
participants to sort a set of brand cards into piles representing "highly favorable,"
"moderately favorable," and "unfavorable" categories.
Key points about comparative scaling:
Ordinal Data:
Data obtained from comparative scales is typically ordinal, meaning it only indicates
relative preference or ranking, not absolute differences in magnitude.
Useful for Relative Comparisons:
These techniques are particularly valuable when the primary goal is to understand
how different stimuli compare to one another within a specific context.
Potential for Bias:
Respondents might be influenced by the order in which stimuli are presented or their
overall perception of the category, so careful design is crucial to mitigate bias.
4. Elucidate the different types of experimental design used in research?
The main types of experimental design are pre-experimental, true experimental, and
quasi-experimental. The design you choose depends on your research method, the
variables you can manipulate, and whether you can randomly assign participants.
Pre-experimental design
The simplest form of experimental design
Involves observing a group or groups after applying an independent variable
There is no control group
This design is used to decide how to intervene with a group of people
True experimental design
Involves randomly assigning participants to groups
Involves comparing two or more groups that have experienced different
treatments
This design is used to demonstrate a causal relationship between the
independent variable and the outcome
Quasi-experimental design
Involves using naturally existing groups instead of randomly assigning
participants to groups
This design is used when it's not possible or practical to randomly assign
participants
Quasi-experiments are similar to true experiments, but they have less control
over the groups
Experimental research designs are used in many fields, including psychology,
education, social sciences, and medicine.
5. Illustrate the various factors that affect Internal and External Validity?
Internal validity is affected by factors within a study that could influence the
observed relationship between variables, potentially causing a misleading
conclusion about causation, while external validity is impacted by factors that limit
the generalizability of study findings to other populations or settings; key factors
affecting both include: selection bias, history effects, maturation, testing effects,
instrumentation error, regression to the mean, experimenter bias, and the
characteristics of the sample and study environment.
Factors affecting Internal Validity:
1. Historical effects
Certain effects or factors that would have an impact on the independent or dependent
variable relationship might unexpectedly occur, thus affect the internal validity
Eg. Dairy products Buy 1 get one free in 2 shops (cheese) Dairy products association
announced the same We can not judge the real effect
2. Maturation effects
Cause and effect inference can also be contaminated by the effects of the passage of
time–another uncontrollable variable.
Eg. Growing older feeling hungry getting tired getting bored
3. Testing effects
Measuring the dependent variable first (pilot study) Treatment is given after the
second test (Main test) Difference between both the tests are attributed to treatment
Eg. Challenging job is expected to cause increase in job satisfaction
4. Instrumental effects
It might arise because of change in the measuring instrument between pretest and
post test.
Eg. In a spring balance finely calibrated instruments might lose their accuracy due
to loss of tension(elasticity) with constant use, resulting in final measurement.
5. Selection bias effects
Threat to external validity could also come from improper or unmatched selection
of subjects, experimental or control groups
Eg. To study the impact of working environment, with the condition that the workers
has to work in unpleasant smell. it will suit for test not for practical.
Factors affecting External Validity:
Sample characteristics:
If the study sample is not representative of the broader population, it limits the
generalizability of findings
Ecological validity:
Whether the study conditions accurately reflect real-world situations
Treatment setting:
The specific environment where the intervention is delivered could influence the
outcomes
Temporal validity:
Whether the findings are relevant to current conditions and not outdated due to
changes over time
Hawthorne effect:
Participants changing their behavior due to awareness of being observed in a study
Selection-treatment interaction:
When the treatment effect is different depending on the characteristics of the selected
sample
Generalizability to other populations:
Whether the results can be applied to different groups with varying demographics or
characteristics
6. Elaborate in detail about the various types of Non - Comparative scaling
Techniques with examples.
In non-comparative scaling respondents need only evaluate a single object. Their
evaluation is independent of the other object which the researcher is studying.
The non-comparative scaling techniques can be further divided into:
a. Continuous Rating Scale, and
b.Itemized Rating Scale.
a. Continuous Rating Scales
It is very simple and highly useful. In continuous rating scale, the respondent’s rate
the objects by placing a mark at the appropriate position on a continuous line that
runs from one extreme of the criterion variable to the other.
Example :Question: How would you rate the TV advertisement as a guide
for buying?
B. Itemized Rating Scales :
Itemized rating scale is a scale having numbers or brief descriptions associated with
each category. The categories are ordered in terms of scale position and the
respondents are required to select one of the limited number of categories that best
describes the product, brand, company, or product attribute being rated. Itemized
rating scales are widely used in marketing research.
Itemised rating scales is further divided into three parts, namely
A. Likert scale,
B. Semantic Differential Scale, and
C. Stapel Scale.
A. Likert Scale
The Likert Scale is a popular rating scale used to measure attitudes, opinions, or behaviors
based on a series of statements. Respondents indicate their level of agreement or disagreement
on a balanced scale (usually 5 or 7 points).
Features:
The Semantic Differential Scale measures attitudes by asking respondents to rate a concept,
product, or service on a bipolar scale with opposite adjectives at each end.
Example:
Features:
C. Stapel Scale
The Stapel Scale is a unipolar rating scale where respondents rate a statement or attribute using
a single adjective and a numerical scale (usually from -5 to +5, with 0 as neutral). Unlike the
Semantic Differential Scale, it does not use bipolar adjectives.
Example:
-5 -4 -3 -2 -1 0 +1 +2 +3 +4 +5
Features:
Here is a tabular comparison of the special features of Likert Scale and Semantic Differential
Scale:
Measurement
Ordinal (sometimes treated as interval) Interval scale
Type
Typically 5-point or 7-point scale (e.g., 7-point scale with opposite adjectives
Response Format
Strongly Disagree → Strongly Agree) (e.g., Good → Bad)
Can have a neutral midpoint (e.g., "Neither Neutral option is always present (0 in
Neutral Option
Agree nor Disagree") the center)
Feature Likert Scale Semantic Differential Scale
Easy to create and understand; commonly Requires more cognitive effort from
Ease of Use
used in surveys respondents
Simple statistical techniques (mean, standard Advanced analysis, often used for
Data Analysis
deviation, percentages) brand perception studies
"I am satisfied with my job." (1 = Strongly How do you feel about our service? (-
Example
Disagree, 5 = Strongly Agree) 3 = Poor, +3 = Excellent)
Key Differences:
Likert Scale measures agreement or frequency with a given statement, while Semantic
Differential Scale evaluates attitudes based on opposite adjectives.
Likert scale is easier to use in general surveys, whereas Semantic Differential is more useful for
brand perception and psychological studies.
UNIT 3
1. Elucidate any two methods available for collecting primary data with its
application.
Primary data or raw data is a type of information that is obtained directly from the
first-hand source through experiments, surveys or observations. The primary data
collection method is further classified into two types. They are
Let us discuss the different methods performed to collect the data under these two
data collection methods.
It does not involve any mathematical calculations. This method is closely associated
with elements that are not quantifiable. This qualitative data collection method
includes interviews, questionnaires, observations, case studies, etc. There are several
methods to collect this type of data. They are
Observation Method
Observation method is used when the study relates to behavioural science. This
method is planned systematically. It is subject to many controls and checks. The
different types of observations are:
Interview Method
The method of collecting data in terms of verbal responses. It is achieved in two
ways, such as
Questionnaire Method
In this method, the set of questions are mailed to the respondent. They should read,
reply and subsequently return the questionnaire. The questions are printed in the
definite order on the form. A good survey should have the following features:
Schedules
This method is similar to the questionnaire method with a slight difference. The
enumerations are specially appointed for the purpose of filling the schedules. It
explains the aims and objects of the investigation and may remove
misunderstandings, if any have come up. Enumerators should be trained to perform
their job with hard work and patience.
Secondary data is data collected by someone other than the actual user. It means that
the information is already available, and someone analyses it. The secondary data
includes magazines, newspapers, books, journals, etc. It may be either published data
or unpublished data.
Government publications
Public records
Historical and statistical documents
Business documents
Technical and trade journals
Diaries
Letters
Unpublished biographies, etc.
Data preparation involves a series of stages, including data collection, discovery and
profiling, cleansing (data quality checks), structuring, transformation and
enrichment, and finally, validation and publishing, where raw data is transformed
into a clean, organized format suitable for analysis, ensuring its accuracy and
reliability for decision-making.
Data Collection:
Gathering relevant data from various sources like databases, APIs, web scraping, or
manual entry, considering data accessibility, format, and volume to acquire the
necessary information for analysis.
Examining the data structure, identifying data types, checking for missing values,
outliers, and inconsistencies to understand the overall data quality and potential
issues.
Data Cleansing:
Organizing the data into a suitable format for analysis, which may involve creating
new variables, combining data from different sources, or restructuring tables.
Manipulating the data to achieve the desired analysis goals. This could include:
Verifying the data quality after transformations to ensure accuracy and consistency,
followed by making the prepared data ready for analysis or further use.
3. Elaborate in detail about the different types of Interviews and justify which one
TYPES OF INTERVIEWS: Mainly there are two types of interview, they are
2. Repeated interview: This type of interview is used for evaluative studies where
the researcher wants to find some change. During the interview, the researcher asks
the same questions repeatedly to change the opinion and attitude at the changed time.
3. Clinical interview: In this type of interview, the researcher’s aim is to know the
therapeutic interview.
5. Stress interview: The main purpose is to know the stress on the respondents.
6. Short term interview: This type of interview occurs only for 15 minutes. The
researchers tend to gather only the main issues. The essence of the interview is
always taken into consideration. During the interview, the researcher has to gather
data straight away into the topic within 15 minutes and should not exceed it.
Comparability:
When the research aims to identify patterns and trends, structured interviews
facilitate quantitative data analysis.
Time Efficiency:
The observation method, where researchers directly watch and record behaviors in
a natural setting, offers several advantages like capturing authentic, real-time data,
but also comes with disadvantages including potential observer bias, difficulty in
understanding motivations behind observed behaviors, and ethical concerns
regarding participant privacy, especially when covert observation is used.
Naturalistic Data:
Non-Intrusive Potential:
When done discreetly, observation can be less intrusive than other methods like
interviews, as participants may not be aware they are being observed, minimizing
the "observer effect" where behavior changes due to awareness of being watched.
Rich Detail:
Observation is useful for studying complex social interactions, group dynamics, and
behaviors that are difficult to articulate through self-report methods.
Access to Specific Populations:
Observation can be particularly valuable for studying populations who may not be
able to provide accurate self-reports due to age, cognitive limitations, or language
barriers.
Observer Bias:
The researcher's subjective interpretations and biases can influence the data
collected, leading to potential misinterpretations of observed behavior.
Ethical Concerns:
Limited Generalizability:
Depending on the research setting and sample size, observations may not be
generalizable to a wider population.