+ All Categories
Home > Documents > Business Research Methods Notes

Business Research Methods Notes

Date post: 03-Apr-2018
Category:
Upload: ace-emil
View: 224 times
Download: 1 times
Share this document with a friend

of 106

Transcript
  • 7/28/2019 Business Research Methods Notes

    1/106

    1

    BUSINESS RESEARCH METHODS

    UNIT I

    Research means a search for knowledge. It refers to a scientific and systematic

    search for pertinent information on a specific topic. The term research refers to the

    systematic method consisting of enunciating the problem, formulating a hypothesis,

    collection the facts or data, analyzing the facts and reaching certain conclusions.

    Research is thus an original contribution to the existing stock of knowledge making for

    its advancement.

    OBJECTIVES

    1. To explore a phenomenon or to achieve new insights into it.

    2. To discover the characteristic of a particular individual, situation or a group.

    3. To examine the frequency with which something occurs or with which it is

    associated with something else.

    4. To test a hypothesis of a casual relationship between variables.

    RESEARCH TYPES

    Basic Vs Applied :

    Basic means the investigation of problems to further and develop existingknowledge. It is mainly concerned with generalization and formulation of theories.

    Gathering knowledge for knowledges sake is termed basic research. E.g. Physics,

    astronomy. Similarly, studying the behavior of individual to make some

    generalization about their social learning, memory pattern, and intelligence level are

    also examples of fundamental research.

    1. Descriptive Vs analytical Research :

    Descriptive research describes the present state of affairs as it exists without

    having any control over variables. The researcher can only report what has happened or

    what is happening. In analytical research on the other hand the researcher has to use fact

    or information already available and analyze these to make a critical evaluation of the

    material.

    2. Quantitative Vs Qualitative research :

    Department of Management Studies Jeppiaar Engineering College

  • 7/28/2019 Business Research Methods Notes

    2/106

    2

    Quantitative research is based on the measurement of quantity or amount. It is

    applicable to phenomenon that can be expressed in terms of quantity. Qualitative

    research is concerned with qualitative phenomenon. Qualitative research is

    especially important in the behavioural sciences where the aim is to discover the

    underlying motives, interest, personality and attitudes of human beings.

    3. Conceptual Vs empirical Research

    Conceptual research is related to some abstract ideas or theory. Philosophers and

    thinkers generally use it to develop new concepts or to interpret existing ones.

    Empirical research is data based coming up with conclusions that are capable of being

    verified, by observation or by experiment. Empirical research is appropriate when

    proof that certain variables affect other variables in some way is sought. It is

    considered that evidence gathered through experiments or empirical studies providesthe most powerful support for a given hypothesis

    4. Laboratory research:

    The emphasis in laboratory research is on controlling certain variables in such as

    to observe the relationship between two or three other variables.

    5. Clinical or diagnostic Research;

    This type of research follows case study methods or in-depth approaches to reach

    the basic causal relationship. This research takes only a few samples and studies

    the phenomenon in depth and observes the effects.

    6. Exploratory research :

    The objective of exploratory research is the development of hypothesis

    rather than their testing. The major emphasis is on the discovery of ideas and

    insights. It is more flexible and highly informal.

    7. Historical research :

    This type of research utilizes historical sources like documents, literature,

    leaflets etc

    8. Panel Research

    Panel methods are broader than descriptive than descriptive research. These

    methods are normally used in sales forecasting by measuring consumer

    preferences for various products measuring audience size and character for media

    Department of Management Studies Jeppiaar Engineering College

  • 7/28/2019 Business Research Methods Notes

    3/106

    3

    programmes, testing new products and product concepts and testing any variable

    in a firms marketing mix. Generally the survey is valid for one time period,

    which is known as study period and they do not reflect changes occurring over

    time.

    9. Experimental Research :

    A process where events occur in a setting at the discretion of the

    experimenter and control are used to identify the sources of variation in subjects

    response. The investigator or experimenter systematically manipulates some

    factor to elicit a response from the subjects. Experimentation is considered to be

    process of manipulating one variable constant in order to establish a casual

    relationship.

    RESEARCH PROCESS

    Department of Management Studies Jeppiaar Engineering College

    Define research Problem

    Review of Literature

    Developing Hypothesis

    Research Design

    Sample Design

    Report Preparation

    Data Collection

    Interpretation

    Hypothesis Testing

    Analysis of Data

  • 7/28/2019 Business Research Methods Notes

    4/106

    4

    1. Defining the research problem :

    Defining the basic problem, constitute the first step in a scientific enquiry.

    While formulating the research problem there are two main issues.

    1. Review Of Literature

    It is a stage in which the researcher makes himself familiar with all the

    previous studies and their findings relevant to his field of work. He learns the

    methodology and approach developed by these past studies. He evaluates the

    conclusion of the previous studies in the light of the data he has collected. He

    questions these conclusions and tries to develop the alternative, possible better conclusions.

    2. Developing the hypothesis:

    Hypothesis is a statement developed on the basis of suspected or

    anticipated relationship among various factors studied. Normally at the beginning

    of the research, the scholar would formulate a working hypothesis. It enables him

    to avoid collecting irrelevant data and facts. It helps him in focusing his attention

    on a particular aspect thereby eliminating wastage of time and resources.

    3. Research Design

    Research design is a description of conceptual structure within which the

    research will be conducted. Here the researcher indicates the method of data

    collection the skills at the command of the researcher, the execution plan

    collection of data, the time and other resources available the financial implication

    etc,

    4. Sample Design

    The researcher has to make a careful selection of a few elements from the

    population and then study them intensely and reach conclusion, which can be

    safely applied to the population. The selection of sample is a very important task.

    The researcher should determine the size of sample, the method of sampling, the

    test of sample etc.

    Department of Management Studies Jeppiaar Engineering College

  • 7/28/2019 Business Research Methods Notes

    5/106

    5

    5. Collecting Data

    The researcher at this stage should clearly spell out the sources of data for

    his work. He could use both primary as well as secondary data. While the former

    refers to the data collected for the first time by the researcher himself from the

    informants or the sample respondents specifically for his work. The latter means

    the data already, published or unpublished & available for use. The quality of data

    collected will ultimately decide the findings of the research work and so the

    researcher should arrange for surprise checks and controls over the collection of

    field data.

    6. Analysis Of data:

    Once the data are collected they should be classified and tabulated. Then

    the analysis of the data should be undertaken. At this stage, the researcher shouldselect the tools of analysis, which are consistent with the objectives of the study.

    The tendency to carry out irrelevant analysis should be avoided. He should be

    strong in reasoning, drawing inferences and reaching conclusions.

    7. Testing Hypothesis:

    After analyzing the data as stated above the researcher is in a position to

    test the hypothesis, if any he had formulated earlier. Statistician has developed

    various tests such as chisquare test, t-test, F- test for the purpose. The hypothesis

    may be tested through the use of one or more of such tests, depending upon the

    nature and object of research inquiry. The test result may result in either

    accepting the hypothesis to start with generalization established on the basis of

    data may be stated as hypothesis to be tested by subsequent researches in time to

    come.

    8. Generalization & interpretation:

    If a hypothesis is tested and upheld several times it may be possible for the

    researcher to arrive at generalization, The real value of the researcher lies in its

    ability to arrive at certain generalizations. If the researcher had no hypothesis to

    start with he might seek to explain his findings on the basis of some theory. it is

    called as interpretation. The process of interpretation may quite often trigger off

    new questions that in turn may lead to further researchers.

    Department of Management Studies Jeppiaar Engineering College

  • 7/28/2019 Business Research Methods Notes

    6/106

    6

    9. Report Preparation :

    Finally the researcher has to prepare the report of what has been done by

    him. Writing of report must be done with great care. The report should clearly

    indicate the justification of the study, period of study, sample size, sources of

    data, tools of analysis, bibliography, review of past studies etc. It should also have

    a separate chapter on results and discussions where the researcher would report all

    his findings and give his interpretations. Care should be taken to incorporate

    relevant tables, diagrammed etc at the appropriate places.

    CRITERIA OF GOOD RESEARCH :

    1. The purpose of the research should be clearly defined and common concepts be

    used.

    2. The research procedure used should be described in sufficient detail to permit

    another researcher to repeat the research for further advancement, keeping the

    continuity of what has already been attained.

    3. The procedural design of the research should be carefully planned to yield

    results that are as objective as possible.

    4. The researcher should report with complete frankness, flaws in procedural

    design and estimate their effects upon the findings.5. The analysis of data should be sufficiently adequate to reveal its significance

    and the methods of analysis used should be appropriate.

    6. Conclusion should be confined to those justified by the data of the research and

    limited to those for which the data provide an adequate basis.

    7. Greater confidence in research is warranted if the researcher is experienced has

    a good reputation in research and is a person of integrity.

    QUALITIES OF GOOD RESEARCHER :

    Good research is systematic :

    It means that research is structured with specified steps to be taken in a

    specified sequence in accordance with the well-defined set of rules. Systematic

    Department of Management Studies Jeppiaar Engineering College

  • 7/28/2019 Business Research Methods Notes

    7/106

    7

    characteristics of the research do not rule out creative thinking but it certainly

    does reject the use of guessing and intuition in arriving at conclusions.

    1. Good research is logical :

    This implies that research is guide by the rules of logical reasoning and the

    logical process of induction and deduction are of great value in carrying out

    research.

    2. Good Research is empirical:

    It implies that research is related basically to one or more aspects of a real

    situation and deals with concrete data that provides a basis for external validity

    to research results.

    3. Good Research is Replicable:

    This allows research to be verified by replicating the study and thereby building

    a sound basis for decisions.

    PROBLEMS ENCOUNTERED BY RESEARCHER IN INDIA :

    The lack of a scientific training in the methodology of research

    Insufficient interaction between the university research departments on the sideand business establishments, governments department, and research institution on

    the other side.

    The business unit do not have confidence that the information supplied by them to

    researchers will be misused and so such they are often reluctant in supplying the

    needed information to researchers.

    Research studies overlapping one another are undertaken quite often for want of

    adequate information.

    There does not exist a code of conduct for researcher

    The difficult of adequate and timely secretarial assistance.

    Library management and functioning is not satisfactory at many place.

    There is also the problem that many of our libraries are not able to get copies of

    old and new Acts/ rules, reports and other government publications in time.

    Department of Management Studies Jeppiaar Engineering College

  • 7/28/2019 Business Research Methods Notes

    8/106

    8

    There is also the difficulty of timely availability of published data.

    There may at times take place the problem of conceptualization.

    HYPOTHESIS It is a tentative generalization, the validity of which remains to be tested.

    At the elementary level it may be mere hunch, guess, and imaginative

    data, which becomes the basis for action or investigation. Lundberg

    Hypothesis is a proposition, which can be put to test to determine validity.

    Goode & Hatt.

    A tentative solution posed on a cursory observation of known and

    available data and adopted provisionally to explain certain events and toguide in the investigation of others. It is in fact, a possible solution to a

    problem.

    CHARACTERISTIC OF HYPOTHESIS

    Clarity:

    The hypothesis must be conceptually clear. When the researcher attempts to establish

    relationship among various facts and translates these relationships into concepts hesucceeds in formulating the hypothesis. Hence when a hypothesis is conceptually clear it

    provides a clear direction to the researcher.

    Scope For Verification :

    Hypothesis should be amenable for verification and empirical analysis. Though

    hypothesis can be verified in terms of moral judgments yet such verifications process will

    be questionable.

    Specific:The hypothesis should be very specific and not a general statement. It should not

    be ambiguous and it should be clearly stated. It is wiser to construct a hypothesis in

    simple language than resorting to flowery and confusing terminology.

    Testable :

    Department of Management Studies Jeppiaar Engineering College

  • 7/28/2019 Business Research Methods Notes

    9/106

    9

    It should be testable with the available technique of analysis. Even while

    formulating a researcher should ascertain the relevant techniques with which it could be

    tested.

    Linked To Theory

    Hypothesis should facilitate establishing relationship with a body of theory.

    Therefore when the hypothesis is formulated the researcher should conform whether it is

    related to any existing theory or not.

    Consistent

    It should be consistent with a most known facts ie it must be consistent with a

    substantial body of established facts. It should be one which judges accept as being the

    most likely.

    TYPES OF HYPOTHESIS :

    Crude Hypothesis:

    A crude hypothesis is formed to initiate the process of research. When the

    researcher is commencing his research work he needs some guidelines or focus. For this

    purpose he might develop a hypothesis based on the available evidence or data.

    Refined hypothesis :

    Hypothesis that state the existence of empirical uniformities, hypothesis that are

    concerned with complex ideal types and hypothesis that are concerned with complex

    ideal types and hypothesis that are concerned with the relation of analytical variables.

    Working hypothesis

    It is formed in the process of verifying the relationship among various variables

    included in research. It provides useful guideline to the researcher in determining the

    nature of data to be collected, volume of data required, the sample technique to be used

    analytical tools to be selected etc. Statistical hypothesis

    Statistical hypothesis are those, which are formulated based on the sample data or

    facts. They serve the usual purpose of testing any expected relationship among variables.

    Department of Management Studies Jeppiaar Engineering College

  • 7/28/2019 Business Research Methods Notes

    10/106

    10

    Once these hypotheses are tested or verified the conclusion about the population is

    drawn.

    Null hypothesis

    It is formulated only to test whether there is any relationship between variables

    related to the problem being studied. Usually the null hypothesis is formed as a negative

    statement.

    Alternative hypothesis

    It is a statement, which is accepted after the null hypothesis is rejected based on the

    test results.

    PROCEDURE FOR HYPOTHESIS TESTING :

    It refers to all those steps that we undertake for making a choice between the two

    actions ie. Rejection and acceptance of a null hypothesis. The various steps involved in

    hypothesis testing are stated below;

    1. Making a formal statement :

    The step consists in making a formal statement of the null hypothesis and also of

    the alternative hypothesis.2. Selecting a significance level :

    The hypothesis is tested on a pre- determined level of significance and as such the

    same should be specified. Generally 5% or 1% is adopted for the purpose. The

    factors that affect the level of significance are; a) the magnitude of the difference

    between sample means. b) Whether the hypothesis is directional or non

    directional. c) The variability of measurements within samples d) whether the

    hypothesis is directional or non directional.

    3. Deciding the distribution to use :

    After deciding the level of significance the next step in hypothesis testing is to

    determine the appropriate sampling distribution. The choice generally remains

    between normal distribution and the t-distribution.

    4. Selecting a random sample and computing an appropriate value :

    Department of Management Studies Jeppiaar Engineering College

  • 7/28/2019 Business Research Methods Notes

    11/106

    11

    The next step is to select a random sample and compute an appropriate value

    from the sample data concerning the test statistic utilizing the relevant

    distribution.

    5. Calculation of the probability :

    Then calculate the probability that the sample result would diverge as widely as it

    has from expectations, if the null hypothesis were in fact true.

    6. Comparing the probability :

    In this step compare the probability thus calculated with the specified value for

    the significance level. If the calculated probability is equal to or smaller than the

    value in case of one tailed test , then reject the null hypothesis but if the

    calculated probability is greater then accept the null hypothesis.

    SOURCES OF HYPOTHESIS

    Theory : This is one of the main sources. It gives direction to research by

    stating what is known. Logical deduction from theory leads to new

    hypothesis.

    Eg . the rate of return on capital employed is an index of business success.

    Observation : Hypothesis can be derived from observation . from

    observing price behavior in a market a hypothesis can be formulated on the

    relationship between price & demand for an article.

    Analogies : Julian Huxley pointed out that casual observation in nature or

    in the framework of another science may be fertile source of hypothesis.

    The hypothesis that similar human types or activities may be found in

    similar geophysical regions came from studying plant ecology.

    Intuition & personal experience : Personal life and experience of persons

    determine their perception. These may in turn direct a person to certain

    hypothesis more quickly. Eg Newton & falling of apple.

    Department of Management Studies Jeppiaar Engineering College

  • 7/28/2019 Business Research Methods Notes

    12/106

    12

    Findings Of studies : Hypothesis may be developed from the findings of

    other studies in order to replicate and test.

    State Of Knowledge : An important source of hypothesis is the state of

    knowledge in any particular science. Where formal theories exist ,

    hypothesis can be deduced from them. If the hypothesis were rejected

    theories would be modified. Where formal theories are scarce, hypothesis

    are generated from conceptual frameworks.

    Culture : another source of hypothesis is the culture in which the

    researcher has been nurtured. In India in socio economic and leadership

    studies, hypothesis based on caste- ridden, hierarchical and segmental and

    the Indian economic system riddled with inequalities and privileges.

    Continuity Of research : The continuity of research in a field itself

    constitute an important source of hypothesis leads to the formulation of

    new ones capable of explaining dependent variables in a subsequent

    researchers on the same subject.

    CHARACTERISTIC OF A GOOD HYPOTHESIS:

    Conceptual Clarity : It should be conceptually clear. It should consist of

    clearly defined and understandable concepts. Clarity is obtained by

    defining operationally the concepts in the hypothesis.

    Specificity : A hypothesis should be specific and explain the expected

    relations between variables and the conditions under which these relations

    will hold.

    Testability : A hypothesis should be testable and should not be a moral

    judgement. It should be possible to collect empirical evidence to test the

    hypothesis. Eg Bad partners produce bad children. Availability Of technique : Hypothesis should be related to available

    techniques. Otherwise they will not be researchable. Therefore the

    research must make sure that methods for testing his proposed hypothesis

    are available.

    Department of Management Studies Jeppiaar Engineering College

  • 7/28/2019 Business Research Methods Notes

    13/106

    13

    Theoretical relevance : It should be related to a body of theory. A

    science can be cumulative only building on an existing body by building

    on an existing body of facts and theory. When research is systematically

    based upon a body of existing theory, a genuine contribution to knowledge

    is more likely to result. Therefore a hypothesis should posses theoretical

    relevance.

    Consistency : Hypothesis should be logically consistent. Two or more

    propositions logically derived from the same theory must not be mutually

    contradictory.

    Objectivity: Scientific hypothesis should be free from value judgements.

    However as social phenomenon are affected by the milieu in which they

    take place, the researcher must be aware of his values and state them

    explicitly.

    Simplicity : A hypothesis should be a simple one requiring fewer

    conditions or assumptions. It demands insight. The more the insight the

    researcher has into a problem; the simple will be his hypothesis about it.

    RULES IN HYPOTHESIS DEVELOPMENT:

    1. Search for variable measurements with the most quantitativecharacteristic.

    2. Make the variable like properties explicit by stating all of the variables

    mutually exclusive and totally inclusive categories by degree.

    3. Describe the means used to sort observation into your variable categories

    insufficient detail so that methods may be evaluated and replicated by

    others .

    4. Always consider alternative operations that might be more appropriate for

    a given variable.

    5. Analyze variable through their relationship.

    6. Link two or more formal propositions through a shared independent or

    dependent variable where possible.

    Department of Management Studies Jeppiaar Engineering College

  • 7/28/2019 Business Research Methods Notes

    14/106

  • 7/28/2019 Business Research Methods Notes

    15/106

    15

    Introduction : The introduction of a research plan or proposal should place the research

    problem in its historical perspective. It must state the need for studying it. and the

    researchs precise interest in studying the problem.

    Statement Of the problem : The research problem should be defined pointing out its

    core nature and its importance. The issue relating to the problem may also be stated. This

    statement gives direction to the research process.

    Review Of previous studies : There may be previous studies on the selected theme. A

    review of available literature will bring out information on them. The primary aspects of

    those studies may be briefly described and the gaps pointed out.

    Scope of the study: A complete study of any problem is well high non- manageable,

    since it would entail an overwhelming mountain of data. Therefore the scope anddimension of the study should be delimited with reference to the topical scope- breath

    and depth, geographical area to be covered , reference period , the type of institution

    Objective Of the study : The specific objectives of the study should be stated clearly.

    These refer to the questions to which the researcher proposes to seek answers through the

    study.

    Conceptual model : This section is the heart of the research plan. This is where the

    researcher formulates and develops the structure of relationship among the variables he is

    investigating.

    Hypothesis: These are logically deduced from the theoretical framework above. They

    refer to the anticipated outcome or possible answers to the research questions. they

    should be conceptually clear , specific and simple.

    Operational definition OF concepts: The major concepts used in the title of the study , its

    objectives , the investigative questions and the hypothesis should be identified. Each of

    them should be defined in operational terms pertinent to the measurement criteria or

    operations.

    The significance of the study : It is important to point out the relevance and significance

    of the investigation. A careful statement of the value of the study and the possible

    applications of its findings helps to justify its importance and social relevance.

    Department of Management Studies Jeppiaar Engineering College

  • 7/28/2019 Business Research Methods Notes

    16/106

    16

    Geographical area to be covered : The territorial area to be covered by the study should

    be decided and specified in the plan. The area to be chosen depends on the purpose of the

    study and time and other resources.

    Reference Period : This depends on the nature of the study and availability of data. The

    period should be longer- say five or 10 years if the study aims to make a trend analysis

    of an activity like production or sale or profitability.

    Methodology : In this section the overall topology of the design experimental,

    descriptive, survey, case study or historical study is specified. Further the method or

    methods to be adopted for the collection of data- observation, interviewing or mailing

    are specified.

    Sampling Plan: If the study requires collecting primary data from the field the universe

    must be deliberated, and the methods of sampling to be used for drawing the samplefrom the universe and the sample size must be stated.

    Tools for gathering data ; In this section the tools to be used for gathering data-

    interview schedule /guide , questionnaire or check list etc. are listed and each of them

    described. the tools chosen should be appropriate to the methods to be adopted for

    gathering data.

    Plan of Analysis: The statistical techniques proposed for data collection and analysis

    should be explained clearly with its suitability in the research.

    Chapter Scheme : The chapter scheme of the report to be prepared for communicating

    the findings of the study to the academic community and users should be outlined and the

    purpose of each chapter stated.

    Time budget : The time period required for each stage of work and the total time duration

    of the study are specified.

    Financial Budget :

    The should include an estimate of the expected costs of the project under major

    categories like salary, printing and stationary , postages , travel expenses , computation ,

    secretarial & typing.

    SIGNIFICANCE OF RESEARCH DESIGN:

    It may lead in the desired type of study with useful conclusions

    Department of Management Studies Jeppiaar Engineering College

  • 7/28/2019 Business Research Methods Notes

    17/106

    17

    It may lead to more accurate results or help to reduce inaccuracy.

    It may lead to optimum efficiency and reliability.

    It may minimize the wastage of time and beating about the bush.

    It may minimize the uncertainty, confusing and practical hazards associated withresearch problem.

    It may be helpful for the collection of research material and testing of hypothesis.

    A research design is a guidepost for research direction.

    TYPES OF RESEARCH DESIGN:

    Exploratory Studies :

    The major purpose of exploratory studies are: the identification of problems , the more precise formulation of problems and the formulation of new alternative courses of action.

    The design of exploratory studies is characteristics by great flexibility and ad-hoc

    versatility. By definition the researcher is involved in investigating an area or subject

    about which he or she is not sufficiently knowledgeable to have formulated detailed

    research questions and /or to state hypothesis about it. In short the researcher seeks to

    gain familiarity and /or achieve new insights into the problems situation. For a given

    problem the results of an exploratory study may indicate that further research can be

    reduced and /or certain aspects of the larger study can be eliminated. An exploratory

    study is conducted in the following situations;

    To design a problem for investigation & to formulate hypothesis

    To determine the priorities for further research.

    To gather data about the practical problems of carrying out research on particular

    conjectural statements.

    To increase the analysts interest in the problems.

    To explain basic concepts.

    While applying this design three different methods are followed.

    Survey Of related Literature:

    Department of Management Studies Jeppiaar Engineering College

  • 7/28/2019 Business Research Methods Notes

    18/106

  • 7/28/2019 Business Research Methods Notes

    19/106

    19

    This research studies are mainly focused on focused on finding out the cause &

    effect relationship of the phenomenon under study. Actually when observation is

    arranged and controlled, it becomes experimental research. An experiment is a test or

    trail or an act or operation for the purpose of discovering something unknown or of

    testing a principle , supposition etc. It is a unconfused fashion. There are different types

    of experiments such as methodology, pilot study, heuristic, fact finding, boundary,

    simulation, theoretical , illustrative etc.

    FACTORS AFFECTING RESEARCH DESIGN:

    Non Availability Of sufficient data : This is one of the basic factors affecting

    research design. A design developed at one stage may undergo change in the

    process of research as data may not be available. Then the design would be

    suitably method. To overcome this usually researcher conduct a pilot study to

    ascertain whether the required data would be available or not.

    Availability Of time : In the research process various stages are time consuming.

    For example problem identification data collection, analysis and interpretation

    etc. require a lot of time. The research design would be depending upon the

    availability of sufficient time to carry out all these process rigorously.

    Availability Of resources : Certainly the availability of human and financial

    resources will influences research design. A study which requires highly

    specialized skill or experience, identifying such personalities would itself

    consume a lot of time. Similarly the level of accuracy aimed at would also call for

    liberal funding of the research process. Therefore researches with ambitious

    objectives are usually undertaken only by organizations or with sponsors or by

    government, considering the volume of funds required. Ability Of researcher : Not every researcher is gifted with all the qualities

    required for conducting good research. A study which is highly analytical would

    call for knowledge about the analytical tools and the interpretation ability.

    Similarly an experimental research would require a special temperament. Hence

    Department of Management Studies Jeppiaar Engineering College

  • 7/28/2019 Business Research Methods Notes

    20/106

    20

    depending upon the potential and ability of the researcher the research design

    would be prepared.

    UNIT II

    EXPERIMENTAL RESEARCH DESIGN

    Experiment is a study in which the investigator manipulates or varies one or more

    variables and measures other variables. In other words It is a process of manipulating one

    variable in a controlled environment while holding all other variables constant in order to

    establish a casual relationship.All experiment involves three basic components:

    1. Variable manipulated in a experiment are referred to as the independent variable

    or test units.

    2. The actual alteration is called the treatment.

    3. The actual variable chosen to measure the subject response are known as

    dependent variables.

    The result of the treatment is measured on dependent variable and these results of the

    treatment are given a variety of names i.e, outcome, observation change, effect etc.

    Advantage :

    1. The researcher can manipulates the independent variable

    2. Control group serves as a comparison to assess the existence and potency of the

    manipulation.

    3. The contamination from extraneous variable can be controlled more effectively.

    4. The convenience and cost of experimentation are superior to other methods.

    5. The experimenter can assemble combination of variables for testing .

    6. Repeating an experiment with different subject group and condition is possible.

    7. Researcher can use naturally occurring events.

    Disadvantages :

    1. The laboratory experiment is artificial

    Department of Management Studies Jeppiaar Engineering College

  • 7/28/2019 Business Research Methods Notes

    21/106

    21

    2. Generalisation from non-probability samples can poses problems.

    3. The experimentation can outrun the budget.

    4. It is mostly effectively targeted at present or immediate future problems.

    5. It is concerned with the study of people.

    6. There is limits to the types of manipulation and control that are ethical.

    CONDUCTING AN EXPERIMENT:

    1. Select relevant Variable

    In this step researcher will a) Select variable that are the best operational

    concepts. b) Determine how many variables to test c) Select or design appropriate

    measures for them.

    2. Specify the level of the treatment :The treatment levels of the independent variables are the distinctions the

    researcher makes between different aspects of the treatment condition.

    1. Control the experimental Environment

    At this research concerned with environment control, holding constant the

    physical environment of the experiment. The introduction of the experiment to the

    subjects and the instruction would likely be videotaped for consistency. The

    arrangement of the room, the time of administration the experimenters contract

    with the subjects and so forth must all be consistent across each administration of

    the experiment.

    4. Choose the experimental design:

    The experimental design are unique to the experimental. They serve as

    positional and statistical plans to designate relationships between experimental

    treatment and the experimenters observations or measurement points in the

    temporal scheme of the study. The design strengthen the generalizability of results

    beyond the experimental setting

    4. Select and assign the subjects:

    The subject selected for the experiment should be representative of the

    population to which the researcher wishes to generalize. The researcher first

    prepares a sampling frame and then assigns the subject for the experiment to

    Department of Management Studies Jeppiaar Engineering College

  • 7/28/2019 Business Research Methods Notes

    22/106

    22

    groups using a randomization technique. If randomization is used those assigned

    to the experimental group are likely to be similar to those assigned to the control

    group. Random assignment to the group is required to make the group as

    comparable as possible with respect to the dependent variable.

    5. Pilot test revise and test :

    Pilot testing is intended to reveal errors in the design and improper control

    of extraneous or environmental conditions. Pretesting the instrument permits the

    researcher to revise scripts ,look for control problems with laboratory conditions

    and scan the environmental for factor that might confound the results.

    6. Analyse the data :If adequate planning and pretesting have occurred the experimental data will

    take an order and structure uncommon to surveys and unstructured observational

    studies. Researcher has several measurement and instrument options with

    experiment. Among them are

    1) Observational technique and coding schemes

    2) Paper and pencil tests

    3) Self report instrument with open or dosed questions

    4) Scaling technique

    5) Physiological measure

    VALIDITY IN EXPERIMENTATION :

    Validity refers to the extent to which the conclusions drawn from the

    are true experiment

    I - Internal validity :

    Refers to the extend to which the research design accurately identifies casual

    relationship.

    a) History

    When extraneous factors that enter the experiment process between the first and

    later manipulation affect measure of the dependent variable.

    Department of Management Studies Jeppiaar Engineering College

  • 7/28/2019 Business Research Methods Notes

    23/106

    23

    b) Maturation :

    Changes in the dependent variable based on the natural function of time and not

    attributed to any specific event.

    c) Testing

    When learned understanding gained from the first treatment and measure of the

    dependent variable distort future treatment and measurement activities.

    d) Instrumentation :

    Contamination from changes in measurement processes observation technique

    and measuring instruments

    e) Selection Bias:

    Contamination created by inappropriate selection or assignment process of test

    subject to experimental treatment groups

    f) Statistical Regression:

    Contamination created when experiment group are selected on the basis of their

    extreme response or scores.

    g) Mortality :

    Contamination due to changing the composition of the test subjects in the

    experiment.

    h) Ambiguity :

    Contamination from unclear determination of cause effect relationship

    II - External Validity :

    Refer to the extent to which a casual relationship found in a study can be expected to

    be true for the entire target population.

    a) Treatment Vs Treatment

    When test subject in different treatment groups are exposed to different amount of

    manipulations.

    b) Treatment Vs Testing

    When the premeasurement process sensitizes test subject to respond in an abnormal

    manner to treatment manipulation.

    c) Treatment Vs Selection

    Department of Management Studies Jeppiaar Engineering College

  • 7/28/2019 Business Research Methods Notes

    24/106

    24

    Generalising the results to other categories of people beyond those used in the

    experiment

    d) Treatment Vs Setting

    Generalising the results to other environment beyond the one used in the experiment.e) Treatment Vs History

    Using the existing functional relationship to predict future phenomenon outcomes.

    III - Construct Validity

    Refers to the extent to which the variables under investigation are completely and

    accurately identified prior to hypothesizing any functional relationships.

    a) Inadequate pre-operationalization of variable

    Contamination due to inadequate understanding of the complete make-up of the

    independent and dependent variable included in the experimental design.

    b) Mano operation bias

    Contamination created by using only one method to measure the outcome of the

    dependent variable.

    c) Mano-method bias

    Contamination due to assessing multi-attribute treatment manipulation using single

    item measuring instrument.

    d) Hypothesis guessing

    Contamination by test subject believing they know the desired functional relationship

    relationship prior to the manipulation treatment.

    e) Evaluation Apprehension :

    Contamination caused by test subjects being fearful that their actions or response will

    become known to others.f) Demand Characteristic :

    Contamination created by test subjects trying behind the experiment thus abnormal

    socially acceptable responses or behaviour.

    g) Diffusion Of treatment

    Department of Management Studies Jeppiaar Engineering College

  • 7/28/2019 Business Research Methods Notes

    25/106

    25

    Contamination due to test subject discussing the treatment and measurement

    activities with individual yet to receive the treatment.

    IMPROVING THE VALIDITY OF EXPERIMENT DESIGN :

    a) Inclusion of control group

    When designing an experiment the researcher must determine who will be

    assigned to the group that will be exposed to the manipulation and who will be assigned

    to the control that does not receive the manipulation. Control group represent the greatest

    strength of the experiment and the best way to ensure internal validity.

    b) Time order of the manipulation exposure:

    The researcher also must determine which variables, independent or dependent

    will occur first. This can be accomplished by using pre-experimental measure of thevariables prior to manipulation or by establishing experimental treatment and control

    group that do not differ in terms of influencing the dependent variable before the

    manipulation takes place.

    c) Exclusion of Non similar test subject

    To increase internal validity the researcher can select only those test subject who

    have similar and controllable characteristics.

    d) Matching extraneous variable

    Through the process of matching, the researcher measure certain extraneous

    variable on a individual by individual basis Those who respond similarly to the variables

    are then allocated to the experimental and control groups. Again this process can control

    for both selection and statistical regression threats and enhances internal validity.

    e) Randomisation Of Test subjects to treatment groups

    Randomization of the assignment of test subjects to the experimental and control

    groups can help make the groups equivalent . To enhance external validity the researcher

    should also randomly select setting and times for the experiment based on the population

    or event under investigation.

    PRINCIPLES OF EXPERIMENTAL DESIGN

    a) Principle of Replication :

    Department of Management Studies Jeppiaar Engineering College

  • 7/28/2019 Business Research Methods Notes

    26/106

    26

    According to this principle the experiment should be repeated more than once. So

    each treatment is applied in many experimental units instead of one. By this statistical

    accuracy of the experiment can be increased. This aims for increase in accuracy with

    which effects and interactions can be estimated.

    b) Principle of Randomisation

    It provides protection, against the effect of extraneous factors in experiment. This

    principle indicates that we should design or plan the experiment in such a way that the

    variations caused by extraneous factors can all be combined under the general heading of

    chance.

    c) Principal Of local control

    Under this method we first divide the whole unit into several homogenous parts , knownas blocks and then each such block is divided into parts equal to the number of treatment.

    Then the treatment are randomly assigned to these parts of the block.

    TYPES OF EXPERIMENTAL DESIGN

    I - Informal experimental design

    1) Before and after without control design

    In this design a single test group or area is selected and the dependent variable is

    measured before the introduction of the treatment. The treatment is then introduced and

    the dependent variable is measured again after the treatment has been introduced.

    Training Effect = Y- X

    2) After Only with control design

    In this design two group or areas are selected and the treatment is introduced

    into the test area only. The dependent variable is then measured in both the areas at the

    same time. Treatment impact is assessed by subtracting the value of the dependent

    Department of Management Studies Jeppiaar Engineering College

    ExperimentalGroup

    Level of [X]Performance

    TrainingIntroduced

    Level of [Y]Performance

  • 7/28/2019 Business Research Methods Notes

    27/106

    27

    variable is then measured in both the areas at the same time. Treatment impact is

    assessed by subtracting the value in the test area.

    Training Effect = Y- Z

    3) Before and After with control design

    In this design two areas are selected and the dependent variable is measured in

    both the areas for an identical time period before the treatment. The treatment is then

    introduced into the test area only, and the dependent variable is measured in both for an

    identical time period after the introduction of the treatment. The treatment effect is

    determined by subtracting the change in the dependent variable in the control area from

    the change in the dependent variable in the test area.

    Time Period I Time Period - II

    Training Effect [Y-X] [Z-A]

    II Formal Experimental Design

    4) Completely Randomized design

    Department of Management Studies Jeppiaar Engineering College

    ExperimentalGroup Training

    Introduced

    Level of performanceafter training [Y]

    ExperimentalGroup No Training

    Level of performanceafter training [Z]

    ExperimentalGroup

    Level of Performance

    [X]

    Training Introduced

    Level of Performance [Y]

    Control Group

    Level of Performance

    [A]

    No Training

    Level of Performance [Z]

  • 7/28/2019 Business Research Methods Notes

    28/106

    28

    In this design the subjects are randomly assigned to experimental treatments. It

    involues two basic principle , ie principle of replication and principle of randomization of

    experimental designs.

    a) Two group simple randomization design

    In this design all the population is defined and then from population a sample is

    selected randomly. Then the samples are randomly assigned to the experimental and

    control groups. The two groups ie experimental & control , of such a design are given

    different treatments of the independent variable. This design is common in behavioural

    sciences.

    It is simple & randomize the differences among the sample items. But this does not

    control extraneous variable.

    a. Two Group Simple Randomized Design

    b) Random replication design :

    In previous design extraneous variable was not controlled. But in this method the

    effect of such variable are minimized by providing a number of repetitions for each

    treatment. Each repetition is technically called a replication. In this design sample is

    taken randomly from the population available to conduct experiments and randomly

    Department of Management Studies Jeppiaar Engineering College

    Population RandomlySelected

    Sample RandomlyAssigned

    Treatment [A]

    Control GroupTreatment [B]

    ExperimentalGroup

  • 7/28/2019 Business Research Methods Notes

    29/106

    29

    assigned to four experimental & four control groups. Generally equal number of items are

    put in each group so that the size of the group is not likely to affect the results of the

    study. Due to repetitions the results are more reliable and population differences is also

    reduced as it is randomized.

    Group 1 E

    Group 2 E

    Group 3 E

    Group 4 E

    Group 5 C

    Group 6 C

    Department of Management Studies Jeppiaar Engineering College

    Population

    Random Selection

    Sample

    Random assignment

    Population

    Random Selection

    Sample

    Random assignment

    Treatment A

    Independent Variable (or) Casual Variable

    Treatment B

  • 7/28/2019 Business Research Methods Notes

    30/106

    30

    Group 7 C

    Group 8 C

    5) Randomized Block design

    It is an improvement over the completely randomized design. In this local control

    can be applied along with other principles of experimental design. The subjects are

    divided groups known as blocks. , within each group the subjects are relatively

    homogeneous in respect to some selected variable. The number of subjects in a given

    block would be equal to the number of treatments and one subject in each block would berandomly assigned to each treatment. In general blocks are the level at which we hold the

    extraneous factor fixed. So that its contribution to the total variability of data can be

    measured. The main feature of the R.B. design is that in this each treatment appears the

    same number of times in each block.

    Randomized Block Design:

    Student

    Very Low

    I.QA

    Very Low

    I.QB

    Very Low

    I.QC

    Very Low

    I.QD

    Very Low

    I.QE

    Form 1Form 2

    Form 3

    Form 4

    Form 5

    6) Latin Squares design

    It is used in agricultural research. For eg an experiment has to be made through

    which the effects of five different varieties of fertilizers on the yield of a certain crop say

    wheat is to be judged. In such case the varying fertility of the soil in different blocks in

    which the experiment has to be performed must be taken into consideration otherwise the

    Department of Management Studies Jeppiaar Engineering College

  • 7/28/2019 Business Research Methods Notes

    31/106

    31

    results obtained may not be very dependable because the output happens to be the effect

    not only of fertilizers, but it may also be the effect of fertility of soil , varying seeds. To

    overcome such difficulties the L.S design is used when there are two major extraneous

    factors such as the varying soil fertility & varying seeds.

    The merit of this design is it enables differences in fertility gradients in the field

    to be eliminated in comparision to the effects of different varieties of fertilizers on the

    yield of the crop. But it has a limitation , that there is no interation between treatments

    and blocking factors and it requires rows & columns to be equal

    I II III IV V

    X1

    X2

    X3

    X4

    X5

    Fertility Level

    7) Factorial Design

    It is used in experiment where the effects of varying than one factor be

    determined.

    a) Simple factorial Designs;

    It is also termed as a two factor factorial design. In this design the extraneous variable

    to be controlled by homogeneity is called the control variable and the independent

    variable, which is manipulated is called the experimental variable. Then there are two

    experimental variable and two levels of the control variable. Subjects are assigned at

    random to each treatment just like Random design. Means of different cells represent the

    mean scores for the dependent variable. The column means represent the effect for

    treatments without taking in account of control variable. The row means represent the

    effect for levels without regard to treatment. Thus we can study the main effect of

    Department of Management Studies Jeppiaar Engineering College

  • 7/28/2019 Business Research Methods Notes

    32/106

    32

    treatments as well as the main effect of levels. It is also possible to examine the

    interactions between treatment and levels, whether they are independent of each other nor

    they are not so.

    Training

    Control

    Intelligence

    Treatment A Treatment B Row Mean

    Level I 155 23.3 19.4Level II 35.8 30.2 33.0Column Mean 256 26.7

    Training

    Control

    Intelligence

    Treatment A Treatment B Row Mean

    Level I 10.4 20.6 15.5Level II 30.6 40.4 35.5Column Mean 20.5 80.5

    b) Complex Factorial design:

    Department of Management Studies Jeppiaar Engineering College

    40 BA

    30

    20

    10

    A B

  • 7/28/2019 Business Research Methods Notes

    33/106

    33

    Experiment with more than two factors at a time involve the use of complex

    factorial design. A design which considers three or more independent variables

    simultaneously is called a complex factorial design. When three factors with one

    experimental variable having two treatments and two control variable each one of which

    having two levels, the design used will be termed complex factorial design. In this

    method it is possible to determine the main effect for three variables ie one experimental

    and two control variables. The researcher can also determine the interactions between

    each possible pair of variables.

    Experimental VariableTreatment A Treatment BC.V. 2

    Level 1

    C.V. 2

    Level 2

    C.V. 2

    Level 1

    C.V. 2

    Level 2Control

    Variable

    Level ILevel II

    MEASUREMENT

    Measurement can be defined as a standardized process of assigning numbers or other

    symbols to certain characteristics of the objects of interest, according to some pre-

    specified rules.

    The definition implies that measurement is a three part process

    1) Selecting observable events

    2) Using numbers or symbols to represent aspects of the events.

    3) Applying a mapping rule to connect the observation to the symbol.

    Data Type

    Data classifications employ the real numbers system. The most accepted basis for scaling

    has three characteristics.

    1) Numbers are ordered

    Department of Management Studies Jeppiaar Engineering College

  • 7/28/2019 Business Research Methods Notes

    34/106

    34

    2) Differences between numbers are ordered.

    3) Number series origin

    Combination of these characteristics of order, distance and origin provide the following

    widely used classification of measurement scales.

    1) Nominal Data

    Nominal scale is simply a system of assigning number symbols to events in order

    to label them. It provides convenient ways of keeping track of people object and

    events. The counting of members in each group is the only possible arithmetic

    operation when a nominal scale is employed. Chi-square test is the most common test

    of statistical significance that can be utilized and for the measure of correlation , the

    contingency co-efficient can be worked out .

    2) Ordinal Scale

    It places events in order, but there is no attempt to make the intervals of the scale

    equal in terms of some rule. A rank order represents ordinal scales and are frequently

    used in research relating to qualitative phenomenon. It have no absolute values and

    the real differences between adjacent ranks may not be equal. All that can be said that

    one person is higher or lower on the scale than another but more precise comparisons

    cannot be made.

    3) Internal Scale

    It has the power of nominal and ordinal data plus one additional strength. It

    incorporates the concept of equality of interval. The intervals are adjusted in terms of

    some rule that has been established as a basis for making the units equal. Interval

    units are equal only in so far as one accepts the assumptions on which the rule is

    based .eg Centigrade and Fahrenheit temperature scales Mean, standard of deviation

    is appropriate measures. The generally used test for statistical significance are the T

    test F test & other parametric test are the statistical procedures of choice.

    4) Ratio Scale

    Ratio scale has an absolute or true zero of measurement. The term absolute zero

    is not as precise. We can conceive of an absolute zero length and also absolute zero of

    Department of Management Studies Jeppiaar Engineering College

  • 7/28/2019 Business Research Methods Notes

    35/106

    35

    time. It represents the actual amount of variables. Geometric & harmonic mean can

    be used as measures of central tendency & coefficient of variation may also be

    calculated.

    CHARACTERISTICS OF SOUND MEASUREMENT

    1) Validity

    It is the extend to which difference found with a measuring tool reflect true

    differences among respondents being tested. The difficulty in meeting this test is that

    usually one does not know what the true difference

    a) Content Validity

    Degree to which extent content of the item adequately represents the universe of

    all relevant items under study.

    b) Criterion Validity

    Degree to which the predictor is adequate in capturing the relevant aspects of the

    criterion.

    i) Concurrent Validity

    Description of the present criterion data is available at same time as predictor

    Scores.

    ii) Predictive Validity

    Prediction of the future criterion is measured after the passage of time.

    c) Construct Validity

    It tries to answer the question what accounts for the variance in the measure. Attempt

    to identify the underlying construct being measured and determine how well the test

    represents them.

    2) Reliability

    It is concerned with estimates of the degree to which a measurement is free of random

    or unstable error. A measure is reliable to the degree that it supplies consistent results.

    a) Stability

    A measure is said to be stable if you can secure consistent results with repeated

    measurement of the same person with the same instrument.

    b) Equivalence

    Department of Management Studies Jeppiaar Engineering College

  • 7/28/2019 Business Research Methods Notes

    36/106

    36

    Degree to which alternative forms of the same measure produce same or similar

    results.

    c) Internal consistency :

    Degree to which instrument items are homogenous and reflect the same

    underlying construct.

    3)Practicality

    It is concerned with how far it economical , convenience and interpretability

    a) Economy

    There should be a trade off between ideal research project and the budget.

    b) Convenience test

    Degree to which the measuring instrument is easy to administer.

    c)Interpretability

    Degree to which the person other researcher is able to interpret the results

    SCALING

    It is a procedure for the assignment of numbers to a property of objects in order in

    order to impart some of the characteristics of numbers to the properties in question.

    Scaling Techniques :

    I - Rating scale:

    It involves qualitative description of a limited number of aspects of a thing or of

    traits of a person. Here we judge an object in absolute terms against some specified

    criteria There is no rules with points of scales, in practice 3 to 7 points scales are

    generally used.

    There are various types of rating scale;

    a) Simple category scale :

    It has two responses eg YES, NO. This scale is particularly useful for

    demographic question or where dichotomous response is adequate.

    b) Multiple Choice Single

    When there are multiple options for the respondent and only one answer is sought

    this scale is preferred.

    Department of Management Studies Jeppiaar Engineering College

  • 7/28/2019 Business Research Methods Notes

    37/106

    37

    c) Multiple Choice Multiple response scale

    It allows the respondent to select one or more alternatives from multiple choices.

    e) Likert Scale

    It is a mostly used summated rating scale. It consists of statements that express

    either a favorable or unfavorable attitude toward the object of interest. The

    respondent is asked to agree or disagree with each statement. Each response is given a

    numerical score to reflect its degree of attitude favorableness and the scores may be

    totaled to measure the respondents attitude. This data provides interval data.

    f) Semantic differential

    It helps to measure the psychological attitude. It is used in marketing problems,

    political issues, and personalities. This method consist of bipolar rating scales, usually

    with seven points by which one or more respondents rate one or more concepts oneach scale item. It produces interval data. The total set of response provides a

    comprehensive picture about the respondent rating and object which is measured.

    g) Numerical Scale

    It has equal intervals that separate their numeric scale points. The verbal

    statement serves as the labels for the extreme points. It is often five point scale. The

    scale provides absolute & relative measure of the subject.

    h) Multiple rating scale:

    It is similar to numerical scale, but differs in two ways 1) It accepts a circled

    response from the rater 2) The layout allows visualization of the results. The

    advantage is that a mental map of the respondent evaluation is evident to both the

    rater and the researcher. This scale produces interval data.

    i) Fixed sum scale

    In this scale two categories are presented that must sum to 100 upto 10 categories

    can be used. The advantage is its compatibility. It provides continuous data. The scale

    is used to record to attitudes, behaviour and behavioural intent.

    j) Graphic rating scale:

    Department of Management Studies Jeppiaar Engineering College

  • 7/28/2019 Business Research Methods Notes

    38/106

    38

    It was created to enable researcher to discern fine differences. It uses pictures ,

    icons or other visuals to communicate with the respondents.

    Ranking Scales

    In this the subject directly compares two or more objects and makes choices

    among them. The respondents were asked to select one as best or most preferred.

    a) Paired comparison

    In this respondent can express attitudes clearly by choosing between two objects.

    b) Forced Ranking Scale :

    The list of objects are ranked relative to each other .This method is faster than

    paired comparisons and is usually easier and more motivating to the respondent.

    c) Comparative Scales

    Another version of the preceding scale would label the categories excellent,very good, Good, fair and poor. Thereby eliminating the implicit

    comparison. The problem with comparative scale is that the reference point is unclear

    and different reference points or standards.

    SCALE CONSTRUCTION TECHNIQUES

    In research while measuring attitudes of the people we generally follow the

    technique of preparing the opinonnaire (attitude scale) in such a way that the score of

    the individual responses assigns him a place on a scale. In this respondent express his

    opinion on various statements. While developing such statement the researcher must

    note the following points;

    1) That the statement must elicit responses which are psychologically related to the

    attitude being measured.

    2) That the statements need be such that they discriminate not merely between

    extremes of attitude but also among individual who differ slightly.

    DIFFERENT SCALES FOR MEASURING ATTITUDES OF PEOPLE

    Name of the scale construction approach Name of the scales developed

    1. Arbitrary approach Arbitrary scales

    Department of Management Studies Jeppiaar Engineering College

  • 7/28/2019 Business Research Methods Notes

    39/106

    39

    2. Consensus scale approach Differential scales(Thurstone Differential scale )

    3. Item analysis approach Summated ( Likert Scale )

    4. Cumulative scale approach Cumulative Scale

    (Guttmans Scalogram)5. Factor analysis approach Factor scales(Semantic differential, Multi-dimensional scaling)

    1. Arbitrary Scale ;

    It is developed on ad hoc basis and are designed largely through the researchers

    own subjective selection of items. The researcher select few statement or item which he

    believes are appropriate to a given topic and it is include in measuring instrument.. Then

    people are asked to check in a list for their opinion.

    Merits:

    1. It is easy to develop quickly with less expense.

    2. It can be designed highly specific and adequate

    Demerits

    1. It is not reliable

    2. It rely on researchers insight and competence.

    3. Differential scale (Thustone type scale)

    It is associated with differential scale which have been developed using consensus

    scale approach. In this selection is made by panel of judges

    The procedure is

    1. The researcher gather a large number of statements

    2. The statements are submitted to panel of judges.3. Each judge is request to arrange in position according to opinion.

    4. Each judge is request to place the statement in first, second groups etc according

    to his favorableness.

    Department of Management Studies Jeppiaar Engineering College

  • 7/28/2019 Business Research Methods Notes

    40/106

    40

    5. In case of disagreement between the judges in assigning a position to an item that

    item is discarded.

    6. A final selection of statements is then made .

    7. The position of statements on the scale is determined by judges.

    Merits

    1. It appropriate when we measure single attitude.

    2. It is very reliable method

    Demerits

    1. It is costly method

    2. Judge own attitude may reflect in arrangement

    3. Summated Scale (Likert Scale)

    It developed by utilizing the item analysis approach wherein in a particular item isevaluated on the basis of how well it discriminates between those persons whose total

    score is high and those whose score is low. Those items or statements that best meet this

    sort of discrimination test are included in the final instrument.

    Procedure:

    1. Researcher collect a number of statements relevant to the attitude being studied.

    2. A trial test should be made with small group of people

    3. The response to various statements are scored in such a way that a response of

    most favorable attitude is given the highest score of 5, and the most unfavorable

    attitude is given the lowest score of 1.

    4. Then the total score of each respondent is obtained by adding his scores for

    separate statements.

    5. Then arrange these scores & find out with those statements which have a high

    discriminating power. This way we determine which statement consistently co

    relate with high favorability & which with low favorability.

    6. Only those statements that correlate with total test, should be retained in the final

    statement. And others must be removed.

    Merits:

    1. it is easy to construct in comparison to differential scale.

    2. It is more reliable.

    Department of Management Studies Jeppiaar Engineering College

  • 7/28/2019 Business Research Methods Notes

    41/106

    41

    3. Each statement in this is given a test for discriminating ability, so it permits the use of

    only those statements that have direct relationship to the attitude being studied.

    4. We can study how responses differ between people & how response differ between

    stimuli.

    5. It takes less time to construct.

    Demerits:

    1. In this method we can examine whether respondents are more or less favorable to the

    topic, but we cant tell how much or less they are.

    2. The interval between strongly agree & agree may not be equal to the interval between

    agree & undecided.

    3. Often the total score of an individual respondent has little clear meaning since the

    given score can be secured by a variety of answer pattern.

    4. Cumulative scale or scalogram:

    It consists of a series of statements to which a respondents expresses his

    agreement or disagreement. The special feature of this scale is that statements in it form a

    cumulative series. The individual score is worked out by counting the number of points

    concerning number of statement he answered favorably. The major scale of this type of

    cumulative scales is the gutt mans scalogram. The scalogram refers to the procedure for

    determining whether a set of items form a unidimensional scale. A scale is said to be

    unidimensional if response fall into a pattern in extreme and also less extreme points.

    Procedure;

    1. The layout in clear terms the issue we want to deal in our study.

    2. Develop a number of items relating the issue and to eliminate by inspection the items

    that are irrelevant or those that happen to be extreme items.

    3. Pre-test the items whether the issue at hand is scalable. The respondent are asked to

    record their opinion on all items ranging from strongly agree to strongly disagree. The

    score like 5 -1 was assigned. If there is 5 items in all, total, score can be from 75- 15.

    4. Respondent opinionnaires are then arrayed according to total score for analysis and

    evaluation. If the responses of an item form a cumulative scale, its response category

    scores should decrease in an orderly fashion. After analyzing the preset results, a few

    items may be chosen.

    Department of Management Studies Jeppiaar Engineering College

  • 7/28/2019 Business Research Methods Notes

    42/106

    42

    5. Then total scores for the various opininnoires and to rearray them to reflect any shift in

    order resulting from reducing the items.

    Merits;

    1. It assures that only a single dimension of attitude is measured.

    2. Researchers subjective judgment is not allowed to creep in the development of

    scale since the scale is determined by the replies of respondent.

    3. It can be appropriately be used for personal, telephone or mail surveys.

    Demerits:

    1. It is very tedious & complex in preparation.

    2. Conceptually is more difficult in comparison to other scaling methods.

    3. It very a reliable source for assessing attitudes of persons towards complex objects.

    5. Factor Scales:

    It is developed on the basis of intercorrelations of items which indicate the degree

    of interdependence. It include a variety of technique that have been developed for two

    problem.

    1) How to deal with the universe of content that is multidimensional.

    2) How to uncover underlying dimension that have not been identified.

    An important factor scale is semantic differential and multidimensional scaling.

    a) Semantic differential scale :

    It is an attempt to measure the psychological meanings of an object to an

    individual.

    b) Multidimensional scaling

    It is characterized as a set of procedures for portraying perceptual or affective

    dimension of substantive interest. It is used when all the variables are to be analysed are

    happened to be independent. Through MDS techniques one can represent geometrically

    the locations and interrelationship among a set of points.

    Merits:

    1. It is used in psychological survey.

    Department of Management Studies Jeppiaar Engineering College

  • 7/28/2019 Business Research Methods Notes

    43/106

    43

    2. It is used to measure the perceptual structure of a set of stimuli and cognitive

    processes underlying the development of this structure.

    3. It is an important measurement tool for attitude.

    Demerits:

    1. It is complicated in calculation.

    It is laborious in collection of data & analysis.

    GENERAL GUIDELINES FOR DEVELOPING A MULTIPLE ITEM SCALE

    Determine clearly what it is that you want to measure:

    The scale should be well grounded in theory. The construct to be measured and

    the scale itself should be specific. The construct should be clearly distinguishable

    from other construct.

    Generate as many items as possible:

    Items essentially are statements that are relevant of the construct. The greater the

    number of initial items generated. The better the final scale will be. The items that are

    developed should not be too long nor should they pose any reading difficulty to the

    respondent.

    Ask expert to evaluate the initial pool of items:

    Department of Management Studies Jeppiaar Engineering College

    Determine Clearly What You Are Going

    To Measure

    General As Many Items AsPossible

    Ask Expert In The Field To EvaluateThe Initial Pool Of Items

    Determine The Type Of AttitudinalScale To Be Used

    Include Some Items That Will Help InThe Validation Of The Scale

    Administer The Items To An InitialSample

    Evaluate And Redefine The Items

    Finally Optimize The Scale Length

  • 7/28/2019 Business Research Methods Notes

    44/106

    44

    Experts are people who have worked one are currently working on the

    phenomenon that is being studied. They can give inputs on the relevancy clarity and

    conciseness of the items. Based on the experts evaluation the initial pool of items is

    modified.

    Determine the type of attitudinal scale to be used

    The various scales such as the likert scale, semantic differential scale, Thurston

    and associative scale has already been discussed should be selected. The type of

    attitudinal scale to be used has to be decided quite early, because the wording of the

    items varies with each scale format.

    Include validation item in the scale:

    Certain items are added to the scale in order to improve the scales validity and

    also to detect certain flaw in it.

    Administer the item to an initial sample:

    Once it has been determined which construct related items are to be included in

    the scale, the next step is to administer the scale to an initial sample. This is done to

    check the validity of the items.

    Evaluate and refine the item of the scale:

    The ultimate quality that is sought in an item is high conctation with the true score

    of the latent variable that is being measured. The properties that the items of a scale

    should possess are high interconctation, high item scale conctation high item

    variance, a mean close to the center of ht range of possible scores, and a high

    coefficient alpha.

    Optimize scale length:

    The larger the scale, the greater the reliability but shorter scales are easier he

    respondent to answer. Hence balance has to be struck between briefly and reliabilityand the optimal scale length have to be determined.

    SAMPLING DESIGN

    Population

    A population is an identifiable total group of aggregation of elements.

    Department of Management Studies Jeppiaar Engineering College

  • 7/28/2019 Business Research Methods Notes

    45/106

    45

    For Example: People, Products, Organizations, Physical Entities that are of

    interest to the researcher and pertinent to the specified information problem.

    Element:

    An element is a person or object from which data and information are sought.

    Sampling units:

    Are the target population elements available for selection during the sampling

    process.

    Sampling frame:

    After defining the target Population the researcher must assemble a list of all

    eligible sampling units, referred to as a sampling frame.

    Characteristic of a good sample design

    1. Goal orientation:

    The sample design should be oriented to the research objectives, tailored to the

    survey design, and filtered to the survey conditions.

    2. Measurability:

    A sample design should enable the computation of valid estimates of its sampling

    variability normally this variability is expressed in the form of standard errors in surveys.

    3. Practicality:This implies that the sample design can be followed properly in the survey as it

    also refers to simplicity of the design.

    4. Economy:

    It implies that the objectives of the survey should be achieved with minimum cost

    and effort.

    ADVANTAGES OF SAMPLING:

    1. Sampling is cheaper than a census survey. It is obviously more economical for

    instance to cover a sample of household than the entire household in a territory

    although the cost per unit of study may be higher in a sample survey than in a

    census survey.

    Department of Management Studies Jeppiaar Engineering College

  • 7/28/2019 Business Research Methods Notes

    46/106

    46

    2. Since magnitude of operation involved in a sample survey is small, both the

    execution of the fieldwork and the analysis of the results can be carried out

    speedily.

    3. Sampling results in greater economy of effort, as a relatively small staff is

    required to carry out the survey and to tabulate and process the survey data.

    4. A sample survey enables the researcher to collect more detailed information than

    would otherwise be possible in a census survey. Also information of a more

    specialized type can be collected which would not be possible in census survey on

    account of the availability of a small number of specialist.

    5. Since the scale of operation involved in a sample survey is small. The quantity of

    the interviewing supervision and other related activities could be better than the

    quality in a census survey.

    LIMITATIONS OF SAMPLING:

    1. When the information is needed on every unit in the population such as

    individual, dwelling units a business establishment a sample survey cannot be of

    much help for it fails to provide information on individual count.

    2. Sampling gives rise to certain errors of these errors are too large, the results of the

    sample survey will be of extremely limited use.

    3. While in a census survey it may be easy to check the omissions of certain units in

    view of complete coverage this is not so in the case of a sample survey.

    UNIT III

    DATA COLLECTION

    Department of Management Studies Jeppiaar Engineering College

  • 7/28/2019 Business Research Methods Notes

    47/106

  • 7/28/2019 Business Research Methods Notes

    48/106

    48

    managers, public relation personnel and advertising personnel etc.

    C. Miscellaneous

    Company history

    Company background

    Market share

    Pamplet

    Prospectus

    Annual General Body Meeting Report.

    Organization manual, chart.

    Organisation report.

    External Sources i) Publication of (Government)

    a. Reserve Bank of India Bulleting

    b. Census Report

    c. Registrar general of India

    d. Central Statistical organization

    e. Director general of commercial intelligence

    f. Minisry of commerce & industry

    g. Economic Advisor Office

    h. Ministry of Agriculture

    i. Labour Bureau.

    ii) Non-government Publication

    a. Private agencies

    b. Stock exchange directories

    c. Chamber of commerce

    d. Federation of Indian Chamber of Commercee. Associate Chamber of commerce & Industry Of India

    f. Indo- Amercian Chamber of Commerce etc

    g. Promotion

    h. Market Research & Statistical Bureau

    Department of Management Studies Jeppiaar Engineering College

  • 7/28/2019 Business Research Methods Notes

    49/106

    49

    iii) Syndicated Services

    These are provided provided by certain organization which collect

    and tabulate marketing information on a continuing basis. Report based on the marketing

    information collected by such organization is sent periodically to clients who are

    subscribers. Apart from syndicated services a number of research agencies, offer and

    customized research services to their clients.

    iv) Technical and trade journals

    v) Books, magazines & newspapers

    vi) Reports prepared by research scholars universities economists etc in diff fields

    vii) Public records and statistics, historical documents and other sources of published

    information

    viii) Various publications of foreign government or of international bodies and their subsidiary organizations.

    CHARACTERISTCS OF SECONDARY DATA

    1. Reliability of Data :

    The reliability can be treated by finding out such things about the said data

    a. Who collected the data?

    b. What were the sources of data?

    c. Were they collected by using proper methods?

    d. At what time were they collected?

    e. Was there any bias of the compiler?

    f. What level of accuracy was desired?

    2. Suitability of Data

    The data that are suitable for one enquiry may not necessarily be

    found suitable for one enquiry may not necessarily be found suitable in another

    enquiry. Hence if the available data are found to be unsuitable. The researcher should not use them.

    3. Adequacy of Data

    Department of Management Studies Jeppiaar Engineering College

  • 7/28/2019 Business Research Methods Notes

    50/106

    50

    If the level of accuracy achieved in data is found inadequate for the purpose

    of the present enquiry they will be considered as inadequate and should not used by

    the researcher. The data will also be considered adequate.

    4. Continuity of DataThis is another problem in using secondary data. For eg, the format used for

    providing some date may not be consistently followed by the source. Depending upon

    the page constraints or availability of material the data presentaion in a format is

    decided. So frequent change in the format would only add to confusion to the people

    using the data from such sources.

    SPECIAL SOURCES

    Computer Search & Internet Applications

    Generally most databases allow the researcher to undertake precise searches using

    combination of key words in the website.

    1. Scanning & Browsing :

    New publications such as journals are unlikely to be indexed immediately in

    tertiary literature so you will need to browse through these publications to gain an

    idea of their content. In contrast scanning involves going through individual items

    such as journal articles to pick out points that are related to your own research.

    2. Searching the Internet

    The Internet is a worldwide network of computers that provides access to a

    vast range of literature and other resources stored on computer around the world.

    Searching these will uncover further material with which you can compare and

    contrast your ides. The places where these resources are stored are known as

    websites.

    3. Home Page

    Access to a website is through its home page. The home page, which has

    links to other pages in the site, is similar to a title or contents page. Although they

    often contain publicity for a company or institution they are an excellent way of

    navigating the site.

    Department of Management Studies Jeppiaar Engineering College

  • 7/28/2019 Business Research Methods Notes

    51/106

    51

    4. Search Tools:

    It often referred to as search engines, are probably the most important way of

    searching the internet for reviewing the literature on your research subject as they

    enable you to locate the most current and up to date items.

    5. Book marking

    Once you have found a useful internet site, you will need to note its address.

    This process termed bookmarking uses the internet browser to note the address so

    that you will be able to access it again directly.

    Sources of Primary Data

    Advantages :-

    1. It provide a first hand account of the situation. We can observe the phenomenon

    as it takes place.

    2. The information is more reliable as the investigator collects the data himself, he

    can take all precautions to ensure their reliability

    3. These are the logical starting point for research in several disciplines.

    4. Primary data are the only way of finding out opinions, personal qualities, attitudes

    etc. Disadvantages :-

    1. Collecting primay data is expensive in terms of both time & money.

    2. There is greater scope for researcher bias creeping in unless the research

    investigator is fair to the respondent and methods of data collection the result of

    the study will not be reliable.

    3. Sample selection is yet another problem.

    METHODS OF COLLECTING PRIMARY DATA

    1. Questionnaire :-

    In this method to pre-printed list of questions arranged in sequence is used to


Recommended