Process of Business Research Methods

The steps of basic and employ research are the following 1. OBSERVATION (Broad Area of Research raise Identified) Identification of broad worry area through the process of observing and focusing on the situation. Any area/situation that has got identify for good apprise be classified as a broad problem area. 2. PRELIMINARY DATA GATHERING (Interviewing Literature Survey)- Once the broad problem area has got identified, the same can be narrowed down to specialised issues for investigation through preliminary selective information gathering. . PROBLEM DEFINATION (Research Problem Delineated)- It is drop off , precise and succinct statement of the question or issue that is to be investigated with the goal of finding an answer or solution. 4. THEORETICAL FRAMEWORK (Variables clear identified and labeled)- A theoretical framework is a conceptual regulate of how one theorizes or makes logical sense of the relationships among the several factors that have been identified as impor tant to the problem.It is a logically developed, described and elaborated net profit of associations among the variables( dependent/criterion , independent/predictor, moderating , intervening) deemed relevant to problem definition. 5. times OF HYPOTHESIS- by and by identification of important variables and establishing the relationships amongst them, formulating of testable statements (to test the relationships) is called meditation development. The null hypothesis states a definitive, exact relationship between two variables.The hypothesis is time-tested scientifically through appropriate statistical analyses. 6. SCIENTIFIC RESEARCH construct Design of the research in a way that requisite selective information can be gathered and analyzed to arrive at a solution. Experimental designs need to be done to examine the possible incur and effects on the several(a) variables. 7. DATA COLLECTION, ANALYSIS AND INTERPRETATION For data collection, sources of data (primary or seconda ry) need to be identified first.If secondary sources, and so data is already available for analysis. If primary data is required, sources of data can be focus groups, panels and unobtrusive sources. Next will be the data collection methods, which can be through interviewing, questionnaires, ruminational studies, projective tests. Various have techniques can be used in structuring the samples for example simple stochastic sampling, Stratified random sampling , systematic sampling etc. aft(prenominal) the data is gathered, then the data is made ready for analysis by editing, coding, categorizing data and entering data in computer system for still analysis. . Data Analysis Basic objectives of data analysis is getting the whole step of the data, testing the goodness of data for reliability, validity and for hypothesis testing. Once the various statistical tests corresponding t-test, Pearson correlations matrix etc. are done on the data, interpretations are being drawn from the r espective tests.Sometimes software like SAS , SPSS are getting used worldwide to do the data analysis. 8. deductive reasoning (Hypothesis substantiated? research questions answered? ) It is a process of arriving at conclusions by interpreting the convey of the results of the data analysis. It validates the hypothesis or research questions. 9. make-up WRITING After the deduction a detailed report is written with the definite act , table of contents and the various steps with acknowledgements , summary etc. 10.REPORT PRESENTATION- After the preparation of the report , main summary along with the findings is sometimes required to be presented to some authorized committee. 11. MANAGERIAL determination MAKING After the written and oral presentation, managers required to take decisions base on the reports. Though this personaicular step is not strictly part of the BRM process , however this step is important to complete the cycle which started with the observation of the problem and the problem getting addressed to by the managerial decision.