Types of research

Research produces information to reduce uncertainty. It helps focus decision making. In a number of situations researchers know exactly what their business problems are and design studies to test specific hypotheses. The nature of the problem will determine whether the research is

(1) Exploratory

(2) Descriptive

(3) Causal

Exploratory research

Initial research conducted to clarify and define the nature of a problem.

Descriptive research

Research designed to describe characteristics of a population or a phenomenon.

Causal research

Research conducted to identify cause-and-effect relationship among variables when the research problem has already been narrowly defined.

Research Process

Research can take many forms, but systematic inquiry is a common thread. Systematic inquiry requires careful planning of an orderly investigation. Research, like other forms of scientific inquiry, is a sequence of highly interrelated activities. The stages in the research process overlap continuously, and it is somewhat of an oversimplification to state that every research project has exactly the same ordered sequence of activities. Nevertheless, research often follows a general pattern. The stages are

(1)Defining the problem

(2)Planning a research design

(3)Planning a sample

(4)Collecting data

Analyzing the data

(6)Formulating the conclusion and preparing the report.

These six stages are portrayed as a cyclical, or circular-flow process, because conclusions from research studies usually generate new ideas and problems that need to be further investigation.

The Island of Research

Here research traveling different part or area in the island. These are

Parks of confuse
Money pass
Population data run
Canyon of despair
Data analysis jungle
Wreck heap of discarded hypotheses
Where-am-I fog
Bay of leisure
No budget trail
Plains of report writing
Rewrite trail
Data of editors

Research is the management tool that companies use to reduce uncertainty. Research, manager's source of information about organization and environmental conditions, covers topics ranging from long range planning to the most ephemeral tactical decisions.

Research has become increasingly global. Multinational companies must understand the particular nature of foreign markets and determine whether they require customized business strategies.