Management Notes

Management Notes

Reference Notes for Management

Research

Advantages and Disadvantages of Observational Studies | Business Research Methodology

by
Advantages and Disadvantages of Observational Studies

Advantages and Disadvantages of Observational Studies 

Advantages of Observation Studies

  • Simple and easy way of data Collection

As compared to surveys, observation studies are regarded as one of the easiest and simplest ways of collecting data which occurs in a natural setting. Data collection through observation helps the researcher to understand things in a better manner as people easily understand many things by observing their surroundings.

  • Hypothesis is framed using Observation Studies

It is believed and considered that observation is one of the key factors for the purpose of formulating the hypothesis as after observing something for a continuous period researchers are well-known with the things that have been observed.

  • Information is accurate to a greater extent

As compared to surveys, observation studies provide more accurate information as the observer can closely observe the behavior of the respondents. In other methods of data collection, it might be possible that the respondents can be biased intentionally or unintentionally regarding providing information leading to unreliable information.

  •  Universality

As compared to the survey method, the observation method of data collection is universally applicable and is applied in all sciences either physical or social.

Read more

Primary Data – Primary Data Collection Methods | Research Methodology

by
Primary Data Collection Methods

Primary Data

Primary Data is the original and fresh data or we can say the first-hand data collected for the specific purpose of the study and it happened to be original in character. These data have not been previously assembled or collected for any known project.

Primary data are usually collected by conducting a sample survey or experiment, and the data generated by these methods are correspondingly called survey data and experimental data.

Read more

Characteristics of Research – Research and Development | Business Research Methods

by
Characteristics of Research

Characteristics of Research 

What is scientific research?

Scientific research is the application of scientific methods, and scientific principles to the investigation of relationships among different variables to find out solutions to problems or to develop a new theory.

It is mostly carried out by the scientific researcher with systematic observation. Governments should not fund any scientific research whose consequences are unclear.

The purpose of scientific research is to contribute to science by collecting, interpreting, and evaluating data systematically in a planned manner and that is what a researcher does.

Research findings generated by a small group of scientists are socialized, and new information about a diagnosis, treatment, and application is revealed. The purpose of this review is to provide details about how scientific research is defined, classified, and conducted.

Scientists should determine the subject, plan, and specify the methodology before beginning scientific research.

It is stated in the Declaration of Helsinki that “public participation in medical research is designed primarily to provide insights into the causes, development, and effects of a disease, and to develop preventive, diagnostic, and therapeutic interventions (methods, operations, and therapies).

Research into the reliability, efficiency, accessibility, effectiveness and quality of even the best-proven interventions should be conducted continuously. The characteristics of scientific research are as follows:

Read more

Difference between Applied and Fundamental Research | Business Research Methods

by
Difference between Applied and Fundamental Research

Difference between Applied and Fundamental Research

Fundamental Research

Fundamental Research is the research which is generally conducted to develop some new theories. Basic Research is also called Fundamental Research. Basic Research mainly focuses on generalizations and formulation of a theory. One of the example of Basic Research include research studies that are concerned with human behavior. Basic Research is called as pure research because it attempts to study various theoretical concepts and details relating to various aspects in pure sciences and to a dependable extent in social sciences.

Different types of research works that are conducts by various scholars, professors and the other researchers devoted in generating  new knowledge in particular areas of their interest is called fundamental research.

Read more