SlideShare a Scribd company logo
Research Methogologies
Lecture 1
What is Research

Research refers to a search for knowledge

Research can also be defined as a scientific and systematic search
for pertinent information on a specific topic

In fact, research is an art of scientific investigation

The Advanced Learner’s Dictionary of Current English lays down
the meaning of research as “a careful investigation or inquiry
specially through search for new facts in any branch of knowledge

Redman and Mory define research as a “systematized effort to gain
new knowledge.”
What is Research

Research is an academic activity

According to Clifford Woody research comprises defining and
redefining problems, formulating hypothesis or suggested
solutions; collecting, organising and evaluating data; making
deductions and reaching conclusions; and at last carefully testing
the conclusions to determine whether they fit the formulating
hypothesis

D. Slesinger and M. Stephenson in the Encyclopaedia of Social
Sciences define research as “the manipulation of things, concepts
or symbols for the purpose of generalising to extend, correct or
verify knowledge, whether that knowledge aids in construction of
theory or in the practice of an art.”

Research is, thus, an original contribution to the existing stock of
knowledge making for its advancement
What is Research

It is the persuit of truth with the help of study, observation,
comparison and experiment

In short, the search for knowledge through objective and
systematic method of finding solution to a problem is research

The systematic approach concerning generalisation and the
formulation of a theory is also research

As such the term ‘research’ refers to the systematic method
consisting of enunciating the problem, formulating a hypothesis,
collecting the facts or data, analysing the facts and reaching
certain conclusions either in the form of solutions(s) towards the
concerned problem or in certain generalisations for some
theoretical formulation
Objectives of Research

The purpose of research is to discover answers to questions
through the application of scientific procedures

The main aim of research is to find out the truth which is hidden
and which has not been discovered as yet
Objectives of Research

Though each research study has its own specific purpose, we may
think of research objectives as falling into a number of following
broad groupings:

To gain familiarity with a phenomenon or to achieve new insights
into it (studies with this object in view are termed as exploratory
or formulative research studies)

To portray accurately the characteristics of a particular individual,
situation or a group (studies with this object in view are known as
descriptive research studies)

To determine the frequency with which something occurs or with
which it is associated with something else (studies with this object
in view are known as diagnostic research studies)

To test a hypothesis of a causal relationship between variables
(such studies are known as hypothesis-testing research studies)
Motivation in Research

What makes people to undertake research?

The possible motives for doing research may be either one or more
of the following:
1. Desire to get a research degree along with its consequential
benefits
2. Desire to face the challenge in solving the unsolved problems,
i.e., concern over practical problems initiates research
3. Desire to get intellectual joy of doing some creative work
4. Desire to be of service to society
5. Desire to get respectability
Motivation in Research

However, this is not an exhaustive list of factors motivating people
to undertake research studies

Many more factors such as directives of government, employment
conditions, curiosity about new things, desire to understand causal
relationships, social thinking and awakening, and the like may as
well motivate (or at times compel) people to perform research
operations
Types of Research
i. Descriptive vs. Analytical:

Descriptive research includes surveys and fact-finding enquiries of
different kinds

The major purpose of descriptive research is description of the
state of affairs as it exists at present

The main characteristic of this method is that the researcher has
no control over the variables; he can only report what has
happened or what is happening e.g. frequency of shopping,
preferences of people, or similar data

The methods of research utilized in descriptive research are survey
methods of all kinds, including comparative and correlational
methods
Types of Research
i. Descriptive vs. Analytical:

In analytical research , on the other hand, the researcher has to
use facts or information already available, and analyze these to
make a critical evaluation of the material.

For example, Starting from late 1986, the value of U.S. dollar value
has steadily increased against the Pakistani Rupess. Examining the
magnitude of this trend in the value of U.S. dollar is another
example of descriptive research; while explaining how and why
this surge in the value of the U.S. dollar is occuring is an example
of analytical research
Types of Research
ii. Applied vs. Fundamental:
 Research can either be applied (or action) research or fundamental
(to basic or pure) research
 Applied research aims at finding a solution for an immediate
problem facing a society or an industrial/business organisation,
whereas fundamental research is mainly concerned with
generalisations and with the formulation of a theory
 “Gathering knowledge for knowledge’s sake is termed ‘pure’ or
‘basic’ research.”
Types of Research
ii. Applied vs. Fundamental:
 Research concerning some natural phenomenon or relating to pure
mathematics are examples of fundamental research
 Similarly, research studies, concerning human behaviour carried on
with a view to make generalisations about human behaviour, are
also examples of fundamental research, but research aimed at
certain conclusions (say, a solution) facing a concrete social or
business problem is an example of applied research
Types of Research
ii. Applied vs. Fundamental:

Research to identify social, economic or political trends that may
affect a particular institution or the copy research (research to find out
whether certain communications will be read and understood) or the
marketing research or evaluation research are examples of applied
research

Thus, the central aim of applied research is to discover a solution for
some pressing practical problem, whereas basic research is directed
towards finding information that has a broad base of applications and
thus, adds to the already existing organized body of scientific
knowledge.
Types of Research
iii. Quantitative vs. Qualitative:

Quantitative research is based on the measurement of quantity or
amount

It is applicable to phenomena that can be expressed in terms of
quantity

Qualitative research, on the other hand, is concerned with
qualitative phenomenon, i.e. phenomena relating to or involving
quality or kind

For instance, when we are interested in investigating the reasons
for human behaviour (i.e., why people think or do certain things),
we quite often talk of ‘Motivation Research’, an important type of
qualitative research

This type of research aims at discovering the underlying motives
and desires, using in depth interviews for the purpose

Other techniques of such research are word association tests,
sentence completion tests, story completion tests and similar other
projective techniques
Types of Research
iii. Quantitative vs. Qualitative:

Attitude or opinion research i.e., research designed to find out how
people feel or what they think about a particular subject or institution
is also qualitative research

Qualitative research is specially important in the behavioural sciences
where the aim is to discover the underlying motives of human
behaviour

Through such research we can analyse the variousfactors which
motivate people to behave in a particular manner or which make
people like or dislike a particular thing
Types of Research
iv. Conceptual vs. Empirical:

Conceptual research is that related to some abstract idea(s) or theory

It is generally used by philosophers and thinkers to develop new
concepts or to reinterpret existing ones

On the other hand, empirical research relies on experience or
observation alone, often without due regard for system and theory

It is data-based research, coming up with conclusions which are
capable of being verified by observation or experiment

We can also call it as experimental type of research
Types of Research
iv. Conceptual vs. Empirical:

Empirical research is appropriate when proof is sought that certain
variables affect other variables in some way

Evidence gathered through experiments or empirical studies is today
considered to be the most powerful support possible for a given
hypothesis
Types of Research
v. Some Other Types of Research:

All other types of research are variations of one or more of the above
stated approaches, based on either the purpose of research, or the
time required to accomplish research, on the environment in which
research is done, or on the basis of some other similar factor

Form the point of view of time, we can think of research either as
one-time research or longitudinal research

In the former case the research is confined to a single time-period,
whereas in the latter case the research is carried on over several time-
periods

Research can be field-setting research or laboratory research or
simulation research, depending upon the environment in which it is to
be carried out

Research can as well be understood as clinical or diagnostic research
Types of Research
v. Some Other Types of Research:

Such research follow case-study methods or indepth approaches to reach
the basic causal relations

Suchstudies usually go deep into the causes of things or events that
interest us, using very small samples and very deep probing data
gathering devices

The research may be exploratory or it may be formalized

The objective of exploratory research is the development of hypotheses
rather than their testing, whereas formalized research studies are those
with substantial structure and with specific hypotheses to be tested

Historical research is that which utilizes historical sources like
documents, remains, etc. to study events or ideas of the past, including
the philosophy of persons and groups at any remote point of time
Significance of Research
• “All progress is born of inquiry. Doubt is often better than
overconfidence, for it leads to inquiry, and inquiry leads to
invention” is a famous Hudson Maxim in context of which the
significance of research can well be understood
• Increased amounts of research make progress possible
• Research infuses scientific and inductive thinking and it promotes
the development of logical habits of thinking and organization
• The role of research in several fields of applied economics, whether
related to business or to the economy as a whole, has greatly
increased in modern times
• Research provides the basis for nearly all government policies in our
economic system
Significance of Research
• Research has its special significance in solving various operational
and planning problems of business and industry
• Research is equally important for social scientists in studying social
relationships and in seeking answers to various social problems
Significance of Research
• The significance of research can also be understood keeping in view
the following points:
▫ To those students who are to write a master’s or Ph.D. thesis, research
may mean a careerism or a way to attain a high position in the social
structure
▫ To professionals in research methodology, research may mean a source
of livelihood
▫ To philosophers and thinkers, research may mean the outlet for new
ideas and insights
▫ (d) To literary men and women, research may mean the development of
new styles and creative work
▫ To analysts and intellectuals, research may mean the generalizations of
new theories
Significance of Research
• Thus, research is the fountain of knowledge for the sake of
knowledge and an important source of providing guidelines for
solving different business, governmental and social problems
• It is a sort of formal training which enables one to understand the
new developments in one’s field in a better way

More Related Content

What's hot

Introduction to research
Introduction to researchIntroduction to research
Introduction to research
Reshma Reddy
 
Research design ppt (1)
Research design ppt (1)Research design ppt (1)
Research design ppt (1)
manjalisingh1994
 
Research Design
Research DesignResearch Design
Research Design
itsvineeth209
 
Introduction to research methodology by Dr. Sandhya Dhokia
Introduction  to research methodology by Dr. Sandhya DhokiaIntroduction  to research methodology by Dr. Sandhya Dhokia
Introduction to research methodology by Dr. Sandhya Dhokia
government civil hospital,surat.
 
Research Methodology - Introduction
Research  Methodology - IntroductionResearch  Methodology - Introduction
Research Methodology - Introduction
MANISH T I
 
Types of research
Types of research Types of research
Types of research
Kiran Kishore
 
introduction Research methodology
introduction Research methodology introduction Research methodology
introduction Research methodology
charwakmba
 
Formulating A Research Problem
Formulating A Research ProblemFormulating A Research Problem
Formulating A Research Problem
VICHET KEO
 
Analysis and interpretation of data
Analysis and interpretation of dataAnalysis and interpretation of data
Analysis and interpretation of data
teppxcrown98
 
Introduction of research
Introduction of researchIntroduction of research
Qualitative and Quantitative Research Methods in Social Science Research
Qualitative and Quantitative Research Methods in Social Science ResearchQualitative and Quantitative Research Methods in Social Science Research
Qualitative and Quantitative Research Methods in Social Science Research
PRAKASAM C P
 
Data collection and analysis
Data collection and analysisData collection and analysis
Data collection and analysis
Andres Baravalle
 
Research methods
Research methodsResearch methods
Research methods
NitinKochar
 
Types of research
Types of research   Types of research
Types of research
Dr.Sangeetha R
 
Qualitative research
Qualitative researchQualitative research
Qualitative research
PUNJABI UNIVERSITY
 
Exploratory research - Research Methodology - Manu Melwin Joy
Exploratory research - Research Methodology - Manu Melwin JoyExploratory research - Research Methodology - Manu Melwin Joy
Exploratory research - Research Methodology - Manu Melwin Joy
manumelwin
 
SURVEY RESEARCH DESIGN
SURVEY RESEARCH DESIGNSURVEY RESEARCH DESIGN
SURVEY RESEARCH DESIGN
MAHESWARI JAIKUMAR
 
Research methodology
Research methodologyResearch methodology
Research methodology
pasu1967
 
Introduction to Research Methodology
Introduction to Research MethodologyIntroduction to Research Methodology
Introduction to Research Methodology
Hamidreza Bolhasani
 
Research design
Research design Research design
Research design
Santosh Bayalkoti
 

What's hot (20)

Introduction to research
Introduction to researchIntroduction to research
Introduction to research
 
Research design ppt (1)
Research design ppt (1)Research design ppt (1)
Research design ppt (1)
 
Research Design
Research DesignResearch Design
Research Design
 
Introduction to research methodology by Dr. Sandhya Dhokia
Introduction  to research methodology by Dr. Sandhya DhokiaIntroduction  to research methodology by Dr. Sandhya Dhokia
Introduction to research methodology by Dr. Sandhya Dhokia
 
Research Methodology - Introduction
Research  Methodology - IntroductionResearch  Methodology - Introduction
Research Methodology - Introduction
 
Types of research
Types of research Types of research
Types of research
 
introduction Research methodology
introduction Research methodology introduction Research methodology
introduction Research methodology
 
Formulating A Research Problem
Formulating A Research ProblemFormulating A Research Problem
Formulating A Research Problem
 
Analysis and interpretation of data
Analysis and interpretation of dataAnalysis and interpretation of data
Analysis and interpretation of data
 
Introduction of research
Introduction of researchIntroduction of research
Introduction of research
 
Qualitative and Quantitative Research Methods in Social Science Research
Qualitative and Quantitative Research Methods in Social Science ResearchQualitative and Quantitative Research Methods in Social Science Research
Qualitative and Quantitative Research Methods in Social Science Research
 
Data collection and analysis
Data collection and analysisData collection and analysis
Data collection and analysis
 
Research methods
Research methodsResearch methods
Research methods
 
Types of research
Types of research   Types of research
Types of research
 
Qualitative research
Qualitative researchQualitative research
Qualitative research
 
Exploratory research - Research Methodology - Manu Melwin Joy
Exploratory research - Research Methodology - Manu Melwin JoyExploratory research - Research Methodology - Manu Melwin Joy
Exploratory research - Research Methodology - Manu Melwin Joy
 
SURVEY RESEARCH DESIGN
SURVEY RESEARCH DESIGNSURVEY RESEARCH DESIGN
SURVEY RESEARCH DESIGN
 
Research methodology
Research methodologyResearch methodology
Research methodology
 
Introduction to Research Methodology
Introduction to Research MethodologyIntroduction to Research Methodology
Introduction to Research Methodology
 
Research design
Research design Research design
Research design
 

Viewers also liked

business research methodology material
business research methodology materialbusiness research methodology material
business research methodology material
Pranjit Bhuyan
 
Literature review1
Literature review1Literature review1
Literature review1
Fraz Ali
 
Research lecture 2
Research lecture 2Research lecture 2
Research lecture 2
Fraz Ali
 
04 decidingontheresearchappraochandstrategy
04 decidingontheresearchappraochandstrategy04 decidingontheresearchappraochandstrategy
04 decidingontheresearchappraochandstrategy
Fraz Ali
 
Chapter1 What is research
Chapter1 What is researchChapter1 What is research
Chapter1 What is research
Ning Ding
 
Offer & proposal
Offer & proposal Offer & proposal
Offer & proposal
Fraz Ali
 
Legal rules regarding acceptance
Legal rules regarding acceptanceLegal rules regarding acceptance
Legal rules regarding acceptance
Fraz Ali
 
Descriptive and analytical research
Descriptive and analytical researchDescriptive and analytical research
Descriptive and analytical research
bilal israr
 
Chapter 1 the nature of business and management research and the structure of...
Chapter 1 the nature of business and management research and the structure of...Chapter 1 the nature of business and management research and the structure of...
Chapter 1 the nature of business and management research and the structure of...
Panha Theng
 
Chapter four2
Chapter four2Chapter four2
Chapter four2
shakeelg
 
Marketing Management Book kotler(summary)
Marketing Management Book kotler(summary)Marketing Management Book kotler(summary)
Marketing Management Book kotler(summary)
Kavery Gupta
 
Marketing Management (Summary)
Marketing Management (Summary)Marketing Management (Summary)
Marketing Management (Summary)
amit9099
 
Descriptive and Analytical Epidemiology
Descriptive and Analytical Epidemiology Descriptive and Analytical Epidemiology
Descriptive and Analytical Epidemiology
coolboy101pk
 
Marketing management full notes @ mba
Marketing management full notes @ mba Marketing management full notes @ mba
Marketing management full notes @ mba
Babasab Patil
 
Understanding research philosophies
Understanding research philosophiesUnderstanding research philosophies
Understanding research philosophies
Thushara Bandaranayake
 
Meaning and characteristics of research
Meaning and characteristics of researchMeaning and characteristics of research
Meaning and characteristics of research
jedliam
 
CLASSIFICATION OF RESEARCH BY PURPOSE & METHOD
CLASSIFICATION OF RESEARCH BY PURPOSE & METHODCLASSIFICATION OF RESEARCH BY PURPOSE & METHOD
CLASSIFICATION OF RESEARCH BY PURPOSE & METHOD
Dr.Shazia Zamir
 
Summary of kotler's marketing management book
Summary of kotler's marketing management bookSummary of kotler's marketing management book
Summary of kotler's marketing management book
Sasquatch S
 
research-methodology-ppt
 research-methodology-ppt research-methodology-ppt
research-methodology-ppt
sheetal321
 
Research Methodology
Research MethodologyResearch Methodology
Research Methodology
sh_neha252
 

Viewers also liked (20)

business research methodology material
business research methodology materialbusiness research methodology material
business research methodology material
 
Literature review1
Literature review1Literature review1
Literature review1
 
Research lecture 2
Research lecture 2Research lecture 2
Research lecture 2
 
04 decidingontheresearchappraochandstrategy
04 decidingontheresearchappraochandstrategy04 decidingontheresearchappraochandstrategy
04 decidingontheresearchappraochandstrategy
 
Chapter1 What is research
Chapter1 What is researchChapter1 What is research
Chapter1 What is research
 
Offer & proposal
Offer & proposal Offer & proposal
Offer & proposal
 
Legal rules regarding acceptance
Legal rules regarding acceptanceLegal rules regarding acceptance
Legal rules regarding acceptance
 
Descriptive and analytical research
Descriptive and analytical researchDescriptive and analytical research
Descriptive and analytical research
 
Chapter 1 the nature of business and management research and the structure of...
Chapter 1 the nature of business and management research and the structure of...Chapter 1 the nature of business and management research and the structure of...
Chapter 1 the nature of business and management research and the structure of...
 
Chapter four2
Chapter four2Chapter four2
Chapter four2
 
Marketing Management Book kotler(summary)
Marketing Management Book kotler(summary)Marketing Management Book kotler(summary)
Marketing Management Book kotler(summary)
 
Marketing Management (Summary)
Marketing Management (Summary)Marketing Management (Summary)
Marketing Management (Summary)
 
Descriptive and Analytical Epidemiology
Descriptive and Analytical Epidemiology Descriptive and Analytical Epidemiology
Descriptive and Analytical Epidemiology
 
Marketing management full notes @ mba
Marketing management full notes @ mba Marketing management full notes @ mba
Marketing management full notes @ mba
 
Understanding research philosophies
Understanding research philosophiesUnderstanding research philosophies
Understanding research philosophies
 
Meaning and characteristics of research
Meaning and characteristics of researchMeaning and characteristics of research
Meaning and characteristics of research
 
CLASSIFICATION OF RESEARCH BY PURPOSE & METHOD
CLASSIFICATION OF RESEARCH BY PURPOSE & METHODCLASSIFICATION OF RESEARCH BY PURPOSE & METHOD
CLASSIFICATION OF RESEARCH BY PURPOSE & METHOD
 
Summary of kotler's marketing management book
Summary of kotler's marketing management bookSummary of kotler's marketing management book
Summary of kotler's marketing management book
 
research-methodology-ppt
 research-methodology-ppt research-methodology-ppt
research-methodology-ppt
 
Research Methodology
Research MethodologyResearch Methodology
Research Methodology
 

Similar to Research lecture 1

Research Methodology Module 1 useful for any course work
Research Methodology Module 1 useful for any course workResearch Methodology Module 1 useful for any course work
Research Methodology Module 1 useful for any course work
MayuraD1
 
Final book -_rm
Final book -_rmFinal book -_rm
Final book -_rm
Pinky Aggarwal
 
Research by kothary
Research by kotharyResearch by kothary
Research by kothary
Bikram Pradhan
 
Research Methodology and Research Types discussion
Research Methodology and Research Types discussionResearch Methodology and Research Types discussion
Research Methodology and Research Types discussion
ssrkai2020
 
Basic Research methodology notes
Basic Research methodology notesBasic Research methodology notes
Basic Research methodology notes
Dr. Sunil Kumar
 
R M Notes
R M  NotesR M  Notes
R M Notes
Bob Bin
 
Business Research Methodology on SAMSUNG .docx
Business Research Methodology on SAMSUNG .docxBusiness Research Methodology on SAMSUNG .docx
Business Research Methodology on SAMSUNG .docx
AmanHamza4
 
Project Report on Research Methodology
Project Report on Research MethodologyProject Report on Research Methodology
Project Report on Research Methodology
Ojas Narsale
 
TYPES OF RESEARCH.pptx
TYPES OF RESEARCH.pptxTYPES OF RESEARCH.pptx
TYPES OF RESEARCH.pptx
International advisers
 
chapter one research methodology dentistry
chapter one research methodology dentistrychapter one research methodology dentistry
chapter one research methodology dentistry
NadiirMahamoud
 
RPE Unit 1 rm
RPE Unit 1 rmRPE Unit 1 rm
RPE Unit 1 rm
blzz2net
 
2.5 research and its types-jan-ppt
2.5 research and its types-jan-ppt2.5 research and its types-jan-ppt
2.5 research and its types-jan-ppt
Shaheed Benazir Bhutto University, Sheringal Pakistan.
 
Research methodology as per the syllabus of CDLU Sirsa
Research methodology as per the syllabus of CDLU SirsaResearch methodology as per the syllabus of CDLU Sirsa
Research methodology as per the syllabus of CDLU Sirsa
Parveen Vashisth
 
Research, Types and objectives of research
Research, Types and objectives of research Research, Types and objectives of research
Research, Types and objectives of research
Bindu Kshtriya
 
22538598 introduction-to-research-methodology-acccording-to-jntu-hyd-mba-syll...
22538598 introduction-to-research-methodology-acccording-to-jntu-hyd-mba-syll...22538598 introduction-to-research-methodology-acccording-to-jntu-hyd-mba-syll...
22538598 introduction-to-research-methodology-acccording-to-jntu-hyd-mba-syll...
lavanya758
 
Research methodology
Research methodology Research methodology
Meaning objectives
Meaning objectivesMeaning objectives
Meaning objectives
(AUI) Vadamalai Muthu
 
Introduction to research 14-7-22.pptx
Introduction to research 14-7-22.pptxIntroduction to research 14-7-22.pptx
Introduction to research 14-7-22.pptx
HimaniPandya16
 
Introduction to research.pptx
Introduction to research.pptxIntroduction to research.pptx
Introduction to research.pptx
HimaniPandya13
 
Types of research
Types of researchTypes of research
Types of research
PavithraBidkalkatte
 

Similar to Research lecture 1 (20)

Research Methodology Module 1 useful for any course work
Research Methodology Module 1 useful for any course workResearch Methodology Module 1 useful for any course work
Research Methodology Module 1 useful for any course work
 
Final book -_rm
Final book -_rmFinal book -_rm
Final book -_rm
 
Research by kothary
Research by kotharyResearch by kothary
Research by kothary
 
Research Methodology and Research Types discussion
Research Methodology and Research Types discussionResearch Methodology and Research Types discussion
Research Methodology and Research Types discussion
 
Basic Research methodology notes
Basic Research methodology notesBasic Research methodology notes
Basic Research methodology notes
 
R M Notes
R M  NotesR M  Notes
R M Notes
 
Business Research Methodology on SAMSUNG .docx
Business Research Methodology on SAMSUNG .docxBusiness Research Methodology on SAMSUNG .docx
Business Research Methodology on SAMSUNG .docx
 
Project Report on Research Methodology
Project Report on Research MethodologyProject Report on Research Methodology
Project Report on Research Methodology
 
TYPES OF RESEARCH.pptx
TYPES OF RESEARCH.pptxTYPES OF RESEARCH.pptx
TYPES OF RESEARCH.pptx
 
chapter one research methodology dentistry
chapter one research methodology dentistrychapter one research methodology dentistry
chapter one research methodology dentistry
 
RPE Unit 1 rm
RPE Unit 1 rmRPE Unit 1 rm
RPE Unit 1 rm
 
2.5 research and its types-jan-ppt
2.5 research and its types-jan-ppt2.5 research and its types-jan-ppt
2.5 research and its types-jan-ppt
 
Research methodology as per the syllabus of CDLU Sirsa
Research methodology as per the syllabus of CDLU SirsaResearch methodology as per the syllabus of CDLU Sirsa
Research methodology as per the syllabus of CDLU Sirsa
 
Research, Types and objectives of research
Research, Types and objectives of research Research, Types and objectives of research
Research, Types and objectives of research
 
22538598 introduction-to-research-methodology-acccording-to-jntu-hyd-mba-syll...
22538598 introduction-to-research-methodology-acccording-to-jntu-hyd-mba-syll...22538598 introduction-to-research-methodology-acccording-to-jntu-hyd-mba-syll...
22538598 introduction-to-research-methodology-acccording-to-jntu-hyd-mba-syll...
 
Research methodology
Research methodology Research methodology
Research methodology
 
Meaning objectives
Meaning objectivesMeaning objectives
Meaning objectives
 
Introduction to research 14-7-22.pptx
Introduction to research 14-7-22.pptxIntroduction to research 14-7-22.pptx
Introduction to research 14-7-22.pptx
 
Introduction to research.pptx
Introduction to research.pptxIntroduction to research.pptx
Introduction to research.pptx
 
Types of research
Types of researchTypes of research
Types of research
 

More from Fraz Ali

03 reviewing literature(1)
03 reviewing literature(1)03 reviewing literature(1)
03 reviewing literature(1)
Fraz Ali
 
02 researchtopic
02 researchtopic02 researchtopic
02 researchtopic
Fraz Ali
 
01 introducingresearc
01 introducingresearc01 introducingresearc
01 introducingresearc
Fraz Ali
 
Principlesof marketing 06 [compatibility mode]
Principlesof marketing 06 [compatibility mode]Principlesof marketing 06 [compatibility mode]
Principlesof marketing 06 [compatibility mode]
Fraz Ali
 
Principlesof marketing 05 [compatibility mode]
Principlesof marketing 05 [compatibility mode]Principlesof marketing 05 [compatibility mode]
Principlesof marketing 05 [compatibility mode]
Fraz Ali
 
Principlesof marketing 04 [compatibility mode]
Principlesof marketing 04 [compatibility mode]Principlesof marketing 04 [compatibility mode]
Principlesof marketing 04 [compatibility mode]
Fraz Ali
 
Principlesof marketing 03 [compatibility mode]
Principlesof marketing 03 [compatibility mode]Principlesof marketing 03 [compatibility mode]
Principlesof marketing 03 [compatibility mode]
Fraz Ali
 
Principlesof marketing 02 [compatibility mode]
Principlesof marketing 02 [compatibility mode]Principlesof marketing 02 [compatibility mode]
Principlesof marketing 02 [compatibility mode]
Fraz Ali
 
Principlesof marketing 01 [compatibility mode]
Principlesof marketing 01 [compatibility mode]Principlesof marketing 01 [compatibility mode]
Principlesof marketing 01 [compatibility mode]
Fraz Ali
 
12 [compatibility mode]
12 [compatibility mode]12 [compatibility mode]
12 [compatibility mode]
Fraz Ali
 
11 [compatibility mode]
11 [compatibility mode]11 [compatibility mode]
11 [compatibility mode]
Fraz Ali
 
10 [compatibility mode]
10 [compatibility mode]10 [compatibility mode]
10 [compatibility mode]
Fraz Ali
 
09 [compatibility mode]
09 [compatibility mode]09 [compatibility mode]
09 [compatibility mode]
Fraz Ali
 
08 [compatibility mode]
08 [compatibility mode]08 [compatibility mode]
08 [compatibility mode]
Fraz Ali
 
Principlesof marketing 07 [compatibility mode]
Principlesof marketing 07 [compatibility mode]Principlesof marketing 07 [compatibility mode]
Principlesof marketing 07 [compatibility mode]
Fraz Ali
 

More from Fraz Ali (15)

03 reviewing literature(1)
03 reviewing literature(1)03 reviewing literature(1)
03 reviewing literature(1)
 
02 researchtopic
02 researchtopic02 researchtopic
02 researchtopic
 
01 introducingresearc
01 introducingresearc01 introducingresearc
01 introducingresearc
 
Principlesof marketing 06 [compatibility mode]
Principlesof marketing 06 [compatibility mode]Principlesof marketing 06 [compatibility mode]
Principlesof marketing 06 [compatibility mode]
 
Principlesof marketing 05 [compatibility mode]
Principlesof marketing 05 [compatibility mode]Principlesof marketing 05 [compatibility mode]
Principlesof marketing 05 [compatibility mode]
 
Principlesof marketing 04 [compatibility mode]
Principlesof marketing 04 [compatibility mode]Principlesof marketing 04 [compatibility mode]
Principlesof marketing 04 [compatibility mode]
 
Principlesof marketing 03 [compatibility mode]
Principlesof marketing 03 [compatibility mode]Principlesof marketing 03 [compatibility mode]
Principlesof marketing 03 [compatibility mode]
 
Principlesof marketing 02 [compatibility mode]
Principlesof marketing 02 [compatibility mode]Principlesof marketing 02 [compatibility mode]
Principlesof marketing 02 [compatibility mode]
 
Principlesof marketing 01 [compatibility mode]
Principlesof marketing 01 [compatibility mode]Principlesof marketing 01 [compatibility mode]
Principlesof marketing 01 [compatibility mode]
 
12 [compatibility mode]
12 [compatibility mode]12 [compatibility mode]
12 [compatibility mode]
 
11 [compatibility mode]
11 [compatibility mode]11 [compatibility mode]
11 [compatibility mode]
 
10 [compatibility mode]
10 [compatibility mode]10 [compatibility mode]
10 [compatibility mode]
 
09 [compatibility mode]
09 [compatibility mode]09 [compatibility mode]
09 [compatibility mode]
 
08 [compatibility mode]
08 [compatibility mode]08 [compatibility mode]
08 [compatibility mode]
 
Principlesof marketing 07 [compatibility mode]
Principlesof marketing 07 [compatibility mode]Principlesof marketing 07 [compatibility mode]
Principlesof marketing 07 [compatibility mode]
 

Recently uploaded

amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05
marketing317746
 
Digital Transformation Frameworks: Driving Digital Excellence
Digital Transformation Frameworks: Driving Digital ExcellenceDigital Transformation Frameworks: Driving Digital Excellence
Digital Transformation Frameworks: Driving Digital Excellence
Operational Excellence Consulting
 
The Heart of Leadership_ How Emotional Intelligence Drives Business Success B...
The Heart of Leadership_ How Emotional Intelligence Drives Business Success B...The Heart of Leadership_ How Emotional Intelligence Drives Business Success B...
The Heart of Leadership_ How Emotional Intelligence Drives Business Success B...
Stephen Cashman
 
Industrial Tech SW: Category Renewal and Creation
Industrial Tech SW:  Category Renewal and CreationIndustrial Tech SW:  Category Renewal and Creation
Industrial Tech SW: Category Renewal and Creation
Christian Dahlen
 
How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....
How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....
How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....
Lacey Max
 
How to Implement a Strategy: Transform Your Strategy with BSC Designer's Comp...
How to Implement a Strategy: Transform Your Strategy with BSC Designer's Comp...How to Implement a Strategy: Transform Your Strategy with BSC Designer's Comp...
How to Implement a Strategy: Transform Your Strategy with BSC Designer's Comp...
Aleksey Savkin
 
Authentically Social by Corey Perlman - EO Puerto Rico
Authentically Social by Corey Perlman - EO Puerto RicoAuthentically Social by Corey Perlman - EO Puerto Rico
Authentically Social by Corey Perlman - EO Puerto Rico
Corey Perlman, Social Media Speaker and Consultant
 
Innovation Management Frameworks: Your Guide to Creativity & Innovation
Innovation Management Frameworks: Your Guide to Creativity & InnovationInnovation Management Frameworks: Your Guide to Creativity & Innovation
Innovation Management Frameworks: Your Guide to Creativity & Innovation
Operational Excellence Consulting
 
Satta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel Chart
Satta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel ChartSatta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel Chart
Satta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel Chart
➒➌➎➏➑➐➋➑➐➐Dpboss Matka Guessing Satta Matka Kalyan Chart Indian Matka
 
Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024
FelixPerez547899
 
一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
taqyea
 
Digital Marketing with a Focus on Sustainability
Digital Marketing with a Focus on SustainabilityDigital Marketing with a Focus on Sustainability
Digital Marketing with a Focus on Sustainability
sssourabhsharma
 
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesEvent Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Holger Mueller
 
Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...
Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...
Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...
Neil Horowitz
 
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Taste
Zodiac Signs and Food Preferences_ What Your Sign Says About Your TasteZodiac Signs and Food Preferences_ What Your Sign Says About Your Taste
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Taste
my Pandit
 
Business storytelling: key ingredients to a story
Business storytelling: key ingredients to a storyBusiness storytelling: key ingredients to a story
Business storytelling: key ingredients to a story
Alexandra Fulford
 
-- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month ---- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month --
NZSG
 
Income Tax exemption for Start up : Section 80 IAC
Income Tax  exemption for Start up : Section 80 IACIncome Tax  exemption for Start up : Section 80 IAC
Income Tax exemption for Start up : Section 80 IAC
CA Dr. Prithvi Ranjan Parhi
 
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...
my Pandit
 
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...
my Pandit
 

Recently uploaded (20)

amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05
 
Digital Transformation Frameworks: Driving Digital Excellence
Digital Transformation Frameworks: Driving Digital ExcellenceDigital Transformation Frameworks: Driving Digital Excellence
Digital Transformation Frameworks: Driving Digital Excellence
 
The Heart of Leadership_ How Emotional Intelligence Drives Business Success B...
The Heart of Leadership_ How Emotional Intelligence Drives Business Success B...The Heart of Leadership_ How Emotional Intelligence Drives Business Success B...
The Heart of Leadership_ How Emotional Intelligence Drives Business Success B...
 
Industrial Tech SW: Category Renewal and Creation
Industrial Tech SW:  Category Renewal and CreationIndustrial Tech SW:  Category Renewal and Creation
Industrial Tech SW: Category Renewal and Creation
 
How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....
How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....
How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....
 
How to Implement a Strategy: Transform Your Strategy with BSC Designer's Comp...
How to Implement a Strategy: Transform Your Strategy with BSC Designer's Comp...How to Implement a Strategy: Transform Your Strategy with BSC Designer's Comp...
How to Implement a Strategy: Transform Your Strategy with BSC Designer's Comp...
 
Authentically Social by Corey Perlman - EO Puerto Rico
Authentically Social by Corey Perlman - EO Puerto RicoAuthentically Social by Corey Perlman - EO Puerto Rico
Authentically Social by Corey Perlman - EO Puerto Rico
 
Innovation Management Frameworks: Your Guide to Creativity & Innovation
Innovation Management Frameworks: Your Guide to Creativity & InnovationInnovation Management Frameworks: Your Guide to Creativity & Innovation
Innovation Management Frameworks: Your Guide to Creativity & Innovation
 
Satta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel Chart
Satta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel ChartSatta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel Chart
Satta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel Chart
 
Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024
 
一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
 
Digital Marketing with a Focus on Sustainability
Digital Marketing with a Focus on SustainabilityDigital Marketing with a Focus on Sustainability
Digital Marketing with a Focus on Sustainability
 
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesEvent Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
 
Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...
Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...
Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...
 
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Taste
Zodiac Signs and Food Preferences_ What Your Sign Says About Your TasteZodiac Signs and Food Preferences_ What Your Sign Says About Your Taste
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Taste
 
Business storytelling: key ingredients to a story
Business storytelling: key ingredients to a storyBusiness storytelling: key ingredients to a story
Business storytelling: key ingredients to a story
 
-- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month ---- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month --
 
Income Tax exemption for Start up : Section 80 IAC
Income Tax  exemption for Start up : Section 80 IACIncome Tax  exemption for Start up : Section 80 IAC
Income Tax exemption for Start up : Section 80 IAC
 
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...
 
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...
 

Research lecture 1

  • 2. What is Research  Research refers to a search for knowledge  Research can also be defined as a scientific and systematic search for pertinent information on a specific topic  In fact, research is an art of scientific investigation  The Advanced Learner’s Dictionary of Current English lays down the meaning of research as “a careful investigation or inquiry specially through search for new facts in any branch of knowledge  Redman and Mory define research as a “systematized effort to gain new knowledge.”
  • 3. What is Research  Research is an academic activity  According to Clifford Woody research comprises defining and redefining problems, formulating hypothesis or suggested solutions; collecting, organising and evaluating data; making deductions and reaching conclusions; and at last carefully testing the conclusions to determine whether they fit the formulating hypothesis  D. Slesinger and M. Stephenson in the Encyclopaedia of Social Sciences define research as “the manipulation of things, concepts or symbols for the purpose of generalising to extend, correct or verify knowledge, whether that knowledge aids in construction of theory or in the practice of an art.”  Research is, thus, an original contribution to the existing stock of knowledge making for its advancement
  • 4. What is Research  It is the persuit of truth with the help of study, observation, comparison and experiment  In short, the search for knowledge through objective and systematic method of finding solution to a problem is research  The systematic approach concerning generalisation and the formulation of a theory is also research  As such the term ‘research’ refers to the systematic method consisting of enunciating the problem, formulating a hypothesis, collecting the facts or data, analysing the facts and reaching certain conclusions either in the form of solutions(s) towards the concerned problem or in certain generalisations for some theoretical formulation
  • 5. Objectives of Research  The purpose of research is to discover answers to questions through the application of scientific procedures  The main aim of research is to find out the truth which is hidden and which has not been discovered as yet
  • 6. Objectives of Research  Though each research study has its own specific purpose, we may think of research objectives as falling into a number of following broad groupings:  To gain familiarity with a phenomenon or to achieve new insights into it (studies with this object in view are termed as exploratory or formulative research studies)  To portray accurately the characteristics of a particular individual, situation or a group (studies with this object in view are known as descriptive research studies)  To determine the frequency with which something occurs or with which it is associated with something else (studies with this object in view are known as diagnostic research studies)  To test a hypothesis of a causal relationship between variables (such studies are known as hypothesis-testing research studies)
  • 7. Motivation in Research  What makes people to undertake research?  The possible motives for doing research may be either one or more of the following: 1. Desire to get a research degree along with its consequential benefits 2. Desire to face the challenge in solving the unsolved problems, i.e., concern over practical problems initiates research 3. Desire to get intellectual joy of doing some creative work 4. Desire to be of service to society 5. Desire to get respectability
  • 8. Motivation in Research  However, this is not an exhaustive list of factors motivating people to undertake research studies  Many more factors such as directives of government, employment conditions, curiosity about new things, desire to understand causal relationships, social thinking and awakening, and the like may as well motivate (or at times compel) people to perform research operations
  • 9. Types of Research i. Descriptive vs. Analytical:  Descriptive research includes surveys and fact-finding enquiries of different kinds  The major purpose of descriptive research is description of the state of affairs as it exists at present  The main characteristic of this method is that the researcher has no control over the variables; he can only report what has happened or what is happening e.g. frequency of shopping, preferences of people, or similar data  The methods of research utilized in descriptive research are survey methods of all kinds, including comparative and correlational methods
  • 10. Types of Research i. Descriptive vs. Analytical:  In analytical research , on the other hand, the researcher has to use facts or information already available, and analyze these to make a critical evaluation of the material.  For example, Starting from late 1986, the value of U.S. dollar value has steadily increased against the Pakistani Rupess. Examining the magnitude of this trend in the value of U.S. dollar is another example of descriptive research; while explaining how and why this surge in the value of the U.S. dollar is occuring is an example of analytical research
  • 11. Types of Research ii. Applied vs. Fundamental:  Research can either be applied (or action) research or fundamental (to basic or pure) research  Applied research aims at finding a solution for an immediate problem facing a society or an industrial/business organisation, whereas fundamental research is mainly concerned with generalisations and with the formulation of a theory  “Gathering knowledge for knowledge’s sake is termed ‘pure’ or ‘basic’ research.”
  • 12. Types of Research ii. Applied vs. Fundamental:  Research concerning some natural phenomenon or relating to pure mathematics are examples of fundamental research  Similarly, research studies, concerning human behaviour carried on with a view to make generalisations about human behaviour, are also examples of fundamental research, but research aimed at certain conclusions (say, a solution) facing a concrete social or business problem is an example of applied research
  • 13. Types of Research ii. Applied vs. Fundamental:  Research to identify social, economic or political trends that may affect a particular institution or the copy research (research to find out whether certain communications will be read and understood) or the marketing research or evaluation research are examples of applied research  Thus, the central aim of applied research is to discover a solution for some pressing practical problem, whereas basic research is directed towards finding information that has a broad base of applications and thus, adds to the already existing organized body of scientific knowledge.
  • 14. Types of Research iii. Quantitative vs. Qualitative:  Quantitative research is based on the measurement of quantity or amount  It is applicable to phenomena that can be expressed in terms of quantity  Qualitative research, on the other hand, is concerned with qualitative phenomenon, i.e. phenomena relating to or involving quality or kind  For instance, when we are interested in investigating the reasons for human behaviour (i.e., why people think or do certain things), we quite often talk of ‘Motivation Research’, an important type of qualitative research  This type of research aims at discovering the underlying motives and desires, using in depth interviews for the purpose  Other techniques of such research are word association tests, sentence completion tests, story completion tests and similar other projective techniques
  • 15. Types of Research iii. Quantitative vs. Qualitative:  Attitude or opinion research i.e., research designed to find out how people feel or what they think about a particular subject or institution is also qualitative research  Qualitative research is specially important in the behavioural sciences where the aim is to discover the underlying motives of human behaviour  Through such research we can analyse the variousfactors which motivate people to behave in a particular manner or which make people like or dislike a particular thing
  • 16. Types of Research iv. Conceptual vs. Empirical:  Conceptual research is that related to some abstract idea(s) or theory  It is generally used by philosophers and thinkers to develop new concepts or to reinterpret existing ones  On the other hand, empirical research relies on experience or observation alone, often without due regard for system and theory  It is data-based research, coming up with conclusions which are capable of being verified by observation or experiment  We can also call it as experimental type of research
  • 17. Types of Research iv. Conceptual vs. Empirical:  Empirical research is appropriate when proof is sought that certain variables affect other variables in some way  Evidence gathered through experiments or empirical studies is today considered to be the most powerful support possible for a given hypothesis
  • 18. Types of Research v. Some Other Types of Research:  All other types of research are variations of one or more of the above stated approaches, based on either the purpose of research, or the time required to accomplish research, on the environment in which research is done, or on the basis of some other similar factor  Form the point of view of time, we can think of research either as one-time research or longitudinal research  In the former case the research is confined to a single time-period, whereas in the latter case the research is carried on over several time- periods  Research can be field-setting research or laboratory research or simulation research, depending upon the environment in which it is to be carried out  Research can as well be understood as clinical or diagnostic research
  • 19. Types of Research v. Some Other Types of Research:  Such research follow case-study methods or indepth approaches to reach the basic causal relations  Suchstudies usually go deep into the causes of things or events that interest us, using very small samples and very deep probing data gathering devices  The research may be exploratory or it may be formalized  The objective of exploratory research is the development of hypotheses rather than their testing, whereas formalized research studies are those with substantial structure and with specific hypotheses to be tested  Historical research is that which utilizes historical sources like documents, remains, etc. to study events or ideas of the past, including the philosophy of persons and groups at any remote point of time
  • 20. Significance of Research • “All progress is born of inquiry. Doubt is often better than overconfidence, for it leads to inquiry, and inquiry leads to invention” is a famous Hudson Maxim in context of which the significance of research can well be understood • Increased amounts of research make progress possible • Research infuses scientific and inductive thinking and it promotes the development of logical habits of thinking and organization • The role of research in several fields of applied economics, whether related to business or to the economy as a whole, has greatly increased in modern times • Research provides the basis for nearly all government policies in our economic system
  • 21. Significance of Research • Research has its special significance in solving various operational and planning problems of business and industry • Research is equally important for social scientists in studying social relationships and in seeking answers to various social problems
  • 22. Significance of Research • The significance of research can also be understood keeping in view the following points: ▫ To those students who are to write a master’s or Ph.D. thesis, research may mean a careerism or a way to attain a high position in the social structure ▫ To professionals in research methodology, research may mean a source of livelihood ▫ To philosophers and thinkers, research may mean the outlet for new ideas and insights ▫ (d) To literary men and women, research may mean the development of new styles and creative work ▫ To analysts and intellectuals, research may mean the generalizations of new theories
  • 23. Significance of Research • Thus, research is the fountain of knowledge for the sake of knowledge and an important source of providing guidelines for solving different business, governmental and social problems • It is a sort of formal training which enables one to understand the new developments in one’s field in a better way