The document discusses key aspects of selecting and formulating a research problem, including: 1. Sources of research problems include reading, academic/daily experience, field exposure, consultations, and intuition. 2. The process of identifying a problem involves selecting a discipline, identifying a specific aspect, and then topics within that area. 3. Important criteria for problem selection are the researcher's interests/competence and the problem's researchability, importance, novelty, and usefulness. 4. Formulating the problem involves developing a title, conceptual model, objectives, questions, hypotheses, and defining concepts operationally.