Advantages And Disadvantages Of The Primary And Primary Data Collection Method

4. The key methods of collecting primary data (1.1). Justify the choice and application of data collection methods and research instruments to explore an area under investigation (2.3). Evaluate their relative strengths and weaknesses (2.4)

These methods involve the research to collect their own data. Data collection can be a timely process and requires willing participants. The research has to go through the ethics board to be granted approval to conduct their study. Some primary data collection methods can be low cost and can be completed with a time limit, while others require a high budget and no time limit. Primary data collection is not practical for all research projects. An advantage of primary data collection is that the researcher is collecting their own data personally and that they can control where their data is coming form. They can change the size of the study and modify the data collection to fit their

Key research methods of collecting primary data and an evaluation of their relative strengths and weaknesses

(2005) which explain that the exploration and description of case take place through detailed, in-depth data collection methods which multiple sources of data collection method in order to acquire information that are rich in context .Tessier (20120 supported that combination of data collection methods should be used in qualitative study to improve quality of data

Data collection methods are the third process.  Data can be collected in many ways such as: observation, surveys, focus groups, and reanalysis of existing data, questionnaires, and interviews (Hagan, 2010, p. 19).  Data collection is a vital portion of any kind of research.  Inaccurate data collection will affect the results of a study and inevitably lead to invalid results.

Now it is your turn to demonstrate your fluency and understanding of these concepts in applying your knowledge from simple through to complex application in real life and theoretical contexts.

There are a number of methods of collecting data, some of them are – questionnaire, surveys, checklists, interviews, observations, focus group etc (Cordray, 1986; Einhorn and Hogarth, 1986).

“Problems researched with the use of appropriate methods greatly enhance the value of the research.” (Sekaran, 2003) Data can be collected through interviews, questionnaires, observations, and through other techniques, like projective tests. In even more detail, interviews can be conducted in a variety of different ways such as over the phone, through the computer, interviews through the electronic media, and face-to-face. Questionnaires can be conducted personally or administered electronically. “Interviewing, administering questionnaires, and observing people and phenomena are the three main data collection methods in survey research.” (Sekaran, 2003) As stated before, data can be collected in many different ways; however the value of the research is only greatly enhanced when personal opinions and bias is left out of the collection of data.

The researcher will look at different methods and decide which should use to gather the information required to answer the hypothesis questions. These methods may both include quantitative and qualitative approach such as interviews, questionnaires, conducting experiments or gathering data through statistic. After choosing appropriate methods, the researcher will investigate possible ethical implications, validity and reliability of the data collected.

The second ratio represents the fraction of EBIT (i.e., operating profit) that the firm keeps after financing

In conclusion, there are many different data collection methods that are used for research. Many arguments in

Primary and secondary sources are ways in which data can be retrieved. As Serakan (2006) stated, “Primary data refer to information obtained by the researcher on the variables of interest for the specific purpose of the study”. Various evidence suggesting to what methods of primary research can be conducted and which are most effective for the previously mentioned problem description are stated in this chapter.

In the prior ten years, the bank significantly increased their investment banking assets from EUR640 billion to EUR1,860 billion. In order to fund the increasing asset growth between 2002-2007 Deutsche Bank increased their leverage by a significant amount. In 2002 they had the highest leverage among their industry peers with 33.3x, while BNP Paribas followed close behind with 30.9x. In 2007 Deutsche Bank increased their leverage to 71.3x blowing their peers out of the water with the closest being Barclays with 45.9x. After the financial crisis hit, Deutsche bank had to decrease their leverage to 44.1x but still higher than any other peer.

In general, there are several methods for data collection and the different data collection methods provided its own advantages and disadvantages (Sekaran 2003, p. 223). For carrying out the data collection, the appropriate methods should be applied. In the research, the data collection could be done through the interview, for example, face-to-face and telephone interview. To collect the data by using interview technique, the questionnaire is commonly employed as the instrument for gathering data, the questionnaire could be able to distribute by mail or electronic mail. In addition, the data collection could be conducted by observation of individuals with or without audio or video recording. Before choosing the methods for data collection the expertise of the researcher, the degree of accuracy required, time and resources must be taken into consideration. Thus,

This section will start with a comparison of three possible methodologies for data collection: ethnography, survey (or interview) and real time experience tracking. And then sampling and data collection methods will be examined followed by a description of data analysis.