Business Research process

Business Research:

Research generally begins with a question or a problem. The purpose of research is to find solutions through the application of systematic and scientific methods. types of business research .

The process of research is implemented as a series of actions or steps that are essentially performed in a specific order. These actions or activities usually overlap each other rather than pursuing a specific sequence. A brief description of the steps is given as follows:

Finding a topic involves looking at various types of literature, while selecting a research topic involves identifying the most critical factors and weighting their importance against the large quantity of choices available. The factors to be considered for topic selection:

1. Relevance

2. Scope for research

3. Contribution to knowledge

4. Required cooperation from the research guide

1. Problems related to the state of nature

2. Problems related to the relationship of variables

In defining the research problem, the researcher should study the existing literature like books and journals, available in the field with an interdisciplinary perspective to base his research topic on some reliable background.

After selecting the topic and defining the research problem, the researcher should mention the objective of research. This means that he should explain what he aims to achieve through the research. His objective should also explain the extent to which the research work is related to the specific field.

To understand the basis of research, it is important for the researchers to review the existing literature. This involves:

1. Surveying the existing books available in the fields

2. Reviewing other published literature like articles, journals, reports, conference proceedings etc.

The researcher should then prepare his own index for a period, in chronological order, in addition to his consultation of various indices.

A hypothesis is an uncertain statement that involves the proposed answer to the problem. The hypothesis statement provides high priority to accountability and responsibility of research procedure. Hypothesis also provides a structure and guides the researcher in the direction he should move to reach the solution of the problem.

Once the researcher has gained enough knowledge about the problem statement, he needs to prepare the plan that will act as the outline of the investigation in research process. The research design consists of a series of steps that has to be carried out during research.

There are two types of research design:

2. Simple random sampling

2. Through personal interviews

3. Through telephone interviews

4. By mailing of questionnaires

After analyzing the data, the researcher should test the hypothesis, if any. He should check if the facts supports the hypothesis or are contrary. Statisticians have developed tests like chi square test, t-test and F-test for hypothesis testing. This testing further results in either acceptance or rejection of hypothesis.

1. The preliminary pages:

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