1: Research process, measurements, survey designs, Flashcards
(36 cards)
Why do we use quantitative research?
To make informed decisions
Managerial decisions based on results of research tend to be more effective
BRM is needed because businesses operate in highly data-rich environments
Why would managers want to know about research?
Be able to perform research in order to solve problems you may encounter
Steer business research, interact all with researchers of agencies
Be able to evaluate business research, give good judgement on whether it is good or bad
What is business research?
A series of well though out and carefully executed activities that enable the manager to know how organizational problems can be solved or at least considerably minimized
What does a business researcher do?
Specifies the information necessary to address the issues
Designs the method for collecting information
Manages and implements the data collection process
Analysis the results
Communicates the findings and their implications
8 hallmarks of BRM quantitative
Purposiveness → why are you doing it/what is the problem
Rigor → ensuring theoretical base and methodological design
Testability → logically developing ideas based on data
Replicability → relocate results in similar situations
Accuracy/confidence → draw accurate conclusions with high confidence (stats)
Objectivity → draw conclusions based on facts
Generalizability → using your findings in other settings
Parsimony → shaving away unnecessary details, making a lot with a little
Research process steps
Problem definition/identification
Research approach development
Research design development
Field work or data collection
Data integrity and analysis
Communicate research findings
Research process step 1. Problem definition
Identify problem area, define problem statement
The decision problem is managerial focused, research problems are research focused
Narrow down your problem, do preliminary research which includes further understanding
You want to be conclusive (not exploratory like qualitative)
Preliminary research
Organization/environmental context
Discussion with decision markers
Interviews with industry experts
Initial secondary data analyses
Conclusive
Goal of quantitive research
Clearly defined phenomena that van be measured by means of quantitative data
Rich theory exists to build a theoretical framework and hypotheses
Theory → results
Research process step 2. Research approach development
Theoretical framework, hypotheses and models
Translating RQs into concepts, variables and hypothesized relationships using theory
What does the theoretical framework consist of?
Description of all relevant variables and their definitions
Hypotheses (relationships between variables based on theory)
Conceptual models
Variables and mediator diagram
Independent variable → mediator → dependent variable
Research process step 3. Research design development
Determining nature of the study, measures and sampling
Pre-testing, sampling and analysis plans
Tasks:
Defining the information needed (steps 1&2)
Deciding on the nature of research
Deciding on techniques and measurement
Constructing a pre-test of the research
Deciding on sampling process and sample size
Developing a data analysis plan
Nature of research can be conclusive: descriptive or causal
Descriptive: testing the correlation relationship between 2 or more variables (using survey or archival data)
Causal: testing the causal relationship between 2 or more variables by means of a laboratory or field experiment
Measurements
Assignment of numbers to characteristics of objects according to pre-specified rules
Numbers permit statistical analysis
Numbers are universal and transparent
4 scales of measurement depending on these 4 characteristics
Description: unique labels or descriptors used to designate each value of the scale
Order: the relative sizes of positions of the descriptors
Distance: absolute differences between the scale and descriptors
Origin: unique or fixed beginning (true zero point) of a scale
4 scales
Nominal
Ordinal
Interval
Ratio
Nominal scale
Scale wholes numbers serve only as labels or tags for identifying and classifying objects
Strict one-to-one correspondence between the numbers and objects
Characteristics: difference
(Ex. man=1, woman=2)
Ordinal scale
Numbers are assigned to objects to indicate the relative extent to which some characteristics apply
Characteristics: difference, order
(Ex. S,M,L)
Interval scale
Numbers that are used to rank objects such that numerically equal distances on the scale represent numerical distances in the characteristics measured
There must be equal distances
Characteristics: difference, order, distance
(Ex. Temperatures)
Ratio
To identify or classify objects, rank order and compare intervals or differences
Numbers have equal distances but there is a fixed zero, zero means nothing (money) whereas in interval it means something (temp)
Characteristics: difference, order, distance, unique origin
Sources of error
Total error
Random sampling errors
Non-sampling errors
Non-response errors
Response errors
Total error
Variation between true mean value in the population of the variable of interest and the observed value
Random sampling error
Error because the selected sample is an imperfect representation of the population of interest