The research process involves several steps: 1) Identifying and formulating a research problem by reviewing literature and developing testable hypotheses, 2) Designing the research which includes determining the sample and data collection methods, 3) Collecting and analyzing the data, 4) Testing the hypotheses, 5) Generalizing conclusions and interpreting the findings, and 6) Preparing a report on the research.

1. Research Process
Prof. Ramdas Kendre

2. Research Process
Identifying & Formulating Research Problem
Extensive Literature Survey
Developing Hypotheses
Research design
Sample Design
Data Collection
Data Analysis
Hypotheses Testing
Generalisation and interpretation
Preparation of Report

3. Identifying & Formulating Research Problem
• Do fluctuation in the price of raw materials cause
a change in the share prices of the concerned
company

4. Extensive Literature Survey
• Journals, Newspapers, Research papers, government policies, circulars, trade
agreements, books, etc

5. Developing Hypotheses
• Tentative solutions,
temoporary solutions
or assumptions

6. Research design
• Type of research design
• What should be done
• How will it be done
• Who will do it
• When will we conduct the
survey
• Similarally, all the
activities should be
planned
• It is actually a blueprint of
the research

7. Sample Design
• Sampling
• Decision about the sampling method
• What should be the size of the sample

8. Data collection
• Data:- are facts, figures,etc
• Data is of two type-
» Primary
» Secondary

9. Data Analysis
• Data analysis is done
with the help of
different statistical
tools such as
regression,
correlation, averages,
deviations,
probability, etc

10. Generalisation & Interpretation
• Making of a theory-Generalisation
• Explaining the findings- Explaination

11. Reporting
• Reporting in a prescribed format
• Verbal and written reporting is possible