Research methods
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Transcript of Research methods
Robert Farrell
• Research
• Good Research
• Sources of Information
• Research Process
Systematic & Objective Collection, Analysis, Evaluation & Presentation of Information on specific
issues to help management make Effective Decisions
• Companies:– Monitor Performance– Better Decisions– Remain Competitive
• Students:– Learn about a topic– Build a better argument– Develop a skill– Qualification
1. Internal Information
2. Secondary Information
3. Primary Information
1. Internal Information• Within the company• Staff knowledge & experience• Trend Analysis
• Examples:– Trading: Price promotions
– Marketing: Google Analytics
– Customers: Wal Mart & Pregnant Women
2. Secondary Information• Published & already exists• Be careful: opinion & referencing• Plagiarism (Name, Title, Year, Publication, Edition,Page)
• Sources:– Articles & Journals– Newspapers– Government Publications– ESRI Reports, CSO– Eurostat– AC Nielsen, Dun & Bradstreet, Bloomberg– Mintel, Data Monitor, Brand Week, Amarach
3. Primary Research• Generated first hand• Customised to meet the need• Can be costly• Avoid bias in design
• Example:– Surveys– Questionnaires– Focus Groups– Observation– Taste test– Price promotional test
1 Problem Definition1 Problem Definition
2 Research Design2 Research Design
3 Secondary Data Collection3 Secondary Data Collection
4 Sampling4 Sampling
5 Primary Data Collection5 Primary Data Collection
6 Data Analysis6 Data Analysis
8 Follow Up8 Follow Up
7 Writing & Presentation7 Writing & Presentation
1. Problem Definition• Researcher & manager• This guides the research process• Exploratory research (Scoping)• Define Research objectives• State Hypotheses
Sales Declining
Competitor
Perception
Quality
2. Research Design
• Blueprint for the design, execution, and monitoring of a study.• Trade-offs made between time and money and quality of
information• Outsource • Researcher must determine descriptive or causal research
– Descriptive• For known & understood problems
– Causal• Explores variables & relationship
Data Types• Quantitative
– Mathematical analyses– Data driven– SPSS / Excel
• Qualitative – Examine attitudes, motivations & feelings– Thinking & feeling questions– Difficult to draw definite conclusions– Used to elaborate upon quantitative findings
3. Secondary Data Collection
• Already mentioned• Research that exists & is published• Forms part of scoping and research gathering• Informs research design• Gives further insights• Use best sources• Example: Industry & State bodies
4. Sampling
• Subset of population• Target customer• Cheaper & quicker to examine• Must be representative
• Types:– Random Sampling– Systematic Sampling (nth number)– Stratified Sampling (Demographics, Psychographics)– Cluster Sampling– Convenience Sampling
• Example:– Dublin, Female, 25-30 yrs, cycling
5. Primary Data Collection• Detailed field instructions ensure consistency
• Survey– Structured questionnaire– Surface or in-depth
• Focus Group– Uncover issues– Group Think
• Observation– Example: Supermarket or Eye movement online
• Experimentation– Controlled setting, Relationship between variables
• Diaries– Written, Audio, Video
6. Data Analysis
• Interpret and draw conclusions• Depending on quantitative or qualitative• Peer review• Avoid interpreter bias
7. Report Writing & Presentation• Communicate to management/client • Written & oral reports• Present in management terms, not research terms
• Contents:– Research objectives & design– Summary of findings– Conclusions – Recommendations
8. Follow Up
• Management role:– Important to ensure that findings are utilised– Planning & Implementation– Plan, Do, Review
• Uncover or examine problem
• Best quality research
• Structured research process
• Time, Cost & Effectiveness