Business Research Methods - Unit 2
Business Research Methods - Unit 2
Business Research Methods - Unit 2
Methods – Unit 2
DR. S. MEENA
Research Problem - Meaning
A research problem is a statement that addresses a gap in knowledge, challenge or contradiction
in your field.
Scientists use research problems to identify and define the aim of their study and analysis.
You may decide to conduct research based on a problem if you're interested in contributing to
social or scientific change or adding additional knowledge to an existing topic.
A research problem may also help identify key concepts and terms, overarching questions and
variables
Charcteristics
Research problems have various characteristics that are important during the experimental
process. Understanding these aspects of a research problem can help as you identify and create
your own. Some characteristics include:
Quantitative research
It is for cases where statistical conclusions to collect actionable insights are essential. Numbers
provide a better perspective for making critical business decisions. Quantitative research methods
are necessary for the growth of any organization. Insights drawn from complex numerical data and
analysis prove to be highly effective when making decisions about the business’s future.
Descriptive: In a descriptive composition, a researcher is solely interested in describing the situation or case
under their research study. It is a theory-based design method created by gathering, analyzing, and presenting
collected data. This allows a researcher to provide insights into the why and how of research. Descriptive design
helps others better understand the need for the research. If the problem statement is not clear, you can conduct
exploratory research.
Experimental: Experimental research establishes a relationship between the cause and effect of a situation. It is a
causal design where one observes the impact caused by the independent variable on the dependent variable. For
example, one monitors the influence of an independent variable such as a price on a dependent variable such as
customer satisfaction or brand loyalty. It is an efficient research method as it contributes to solving a problem.
The independent variables are manipulated to monitor the change it has on the dependent variable. Social
sciences often use it to observe human behavior by analyzing two groups. Researchers can have participants
change their actions and study how the people around them react to understand social psychology better.
Factors affecting research design
There are many factors that affect a study design. Some of them are examined below:
Aim and objective affecting research design
The aim and the objective of a study affects the selection of research design. The researchers
should adopt a design that helps them achieve their aims and objectives. If the aim is to study
human behaviour, then selecting qualitative research method will be more appropriate.
Time and budget affecting research design
The time and budget available for conducting the research are two important considerations
that affect research design. While these factors are important for any type of research, they are
especially critical for a quantitative one since analysing data and running statistical tests requires
a lot of time.
Target audience affecting research design
Researchers must also consider the target audience for the study when choosing a research design. Depending on
the target audience, it may be necessary to use a combination of qualitative and quantitative methods in order to
ensure that the findings are applicable to a broader group of people.
Researcher’s own preference affecting research design
One of the key factors affecting research design is the researcher’s familiarity with various research methods and
approaches. Since researchers have different backgrounds and training, they may be more comfortable using certain
research designs over others. This can affect the choice of research design and can be a critical consideration in
multi-disciplinary studies where they must jointly agree on the choice of methods or research design.
Sample size affecting research design
Another factor affecting research design is the sample size. The size of the sample must be large enough to allow for
statistical significance, meaning that the findings can be generalised to the rest of the target population. The larger
the sample size, the more accurate the findings of the study are likely to be