Management Research Methods

INTRODUCTION Scholars in the field of business management have frequently debated the relative importance of rigor and relevance in business research. In fact, there are an increasing number of articles that discuss the problems associated with the lack of relevance in published business research. Relevant research “develops insights that help managers understand themselves and their organizations better” (Markides 2007, p.765). On the

Executives and managers who use business research methods are able to better understand their company, the position it holds in the market and how to improve that position. Scientific methods can be applied in Business in many dimensions. And they can flourish business in number of ways. Few of them are as follows  Improving standards of competition:

In business, managers need to respond to any issues that may arise in the business. While one may be prone to do this based on past experience, the wiser choice would be to use business research to gather the information to make decisions as business research will increase the likelihood that the solution would make a positive impact. According to Business Research Methods, the definition of business research is the structured questioning which provides information by which to guide wise decisions that maximize the impact of the

What is research method? As a matter of fact, according to Saundra et al. (2003), the term method in the entire research process or project can be considered as tool or technique which help researcher obtain, collect and analyze data or different types of information. To be more specific, Saundra et al. (2003) point out that in order to fulfill different research projects and objectives, couples of methods have to be properly utilized, in this case, these approaches usually include questionnaire, observation and interviews. What is the nature of research? Saundra et al. (2003) argued that the genuine research should be defined as a project that the outcomes or objectives can be obtained and

Psychology is a discipline which seeks to study the thoughts and actions of men in a scientific way. Science is a marvelous development in the history of human thought. The American Heritage Dictionary defines psychology as the science dealing with the mind, mental and emotional processes, and the science of human behavior. It defines science as systemized knowledge derived from observations and study. Scientific study is a way of understanding life and developing theories based on what is observed (Simonton, 2009). Psychologists develop theories and conduct psychological research to answer questions about behavior and mental processes that impact individuals and society.

What is the difference between direct and indirect observational methods of research? Direct observation is when researchers observe the behavior while it is occurring. Indirect (unobtrusive) observation is when researchers examine physical traces and archival records. (Zechmeister, Zechmeister, & Shaughnessy 2001) Direct observation of behavior can be seen in simply psychology: question and answer, as well as simple observation of a person’s daily activities. The researcher can choose to change the atmosphere, or change the study to intervene and observe the changes, while indirect observations main goal is to be unseen and non-influential on the behavior that is being observed as to take

The prime managerial value of management research is that it reduces uncertainty by providing information that improves the decision-making process. The decision –making process associated with the development and implementation of a strategy involves four interrelated stages.

Garreau, J. (2001, September 12) Shaken global village on the internet. The Washington Post. p. C5.

Research is one of the most essential aspects that influence decision makers of many companies. These decisions are based on facts. These facts are verifiable and can be replicated. Good research follows these standards of the scientific method. The characteristics of the scientific method of research are: “1) Purpose clearly defined 2) Research process detailed 3) Research design thoroughly planned 4) High ethical standards applied 5) Limitations frankly revealed 6) Adequate analysis for decision maker’s needs 7) Findings presented unambiguously 8) Conclusions justified 9) Researcher’s experience reflected. Good business research has an inherent value only to the extent that it helps management make better decisions that help

As management is concerned about gaining profitability, employee relation, stakeholder interactions, and leadership and so on, business and management research is therefore derived from social science disciplines embedded in sociology, psychology, anthology and economics (Bryman & Bell, 2015). Also, management research can be regarded as applied research. According to Bryman and Bell (2015), it helps readers with choosing between solutions and carrying out practices.

Identify Research problem/questions – restatement of the management problem. What do you want to find out? Information oriented, involved determining that information is needed and how that information can be obtained efficiently and effectively. Eg. Does customer satisfaction lead to brand loyalty? Does increased promotion lead to brand

From the table, the difference between Canada’s 2014 and 2015 worldwide agricultural produce exports is US$ 3.225 million.

Conducting research is an imperative part of growing and shaping knowledge. Research is defined as aa systematic process undertaken with the intention to make new discoveries and enhance knowledge {{97 Saunders,Mark N.K. 2015;}} In the context of management, research can be conducted across all discipline including human resources, marketing, operations and even finance. It contributes to our understanding of business practices, business dynamics and also our consumers. {{94 Bryman,Alan 2015;}}

Analyze of research in averagely can be accounted as an aim for understanding or a systematic study in search of information to shape or accept achievable facts. There are two mainly different ways of research. First, there is the basic research that appears not to go into the study field and the second, way is the applied research that studies given area into the aspect. It applies to resolve, understand and advance the methods and systems that are used in the search for human understanding of abnormal matters to do with the society. Research also can apply to advance the scientific and technical levels of knowledge that are applicable in the society. Other research challenges may apply to raise the information and knowledge about nature,

In order to proportionally distribute the samples among the strata’s the formula below was employed (Cochran, 1992: 53-57) and (Israel, 1992: 39).