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Data Collection
Primary data: Primary data: refers to original data collected directly from the source or firsthand by researchers for a specific research purpose or study. It is data that does not already exist and is gathered through various research methods, such as surveys, interviews, observations, or experiments. Here are the meanings, advantages, disadvantages, and sources of primary data: Meaning of Primary Data: Primary data is data that is collected by researchers directly from individuals, objects, or events for their specific research objectives. It is freshly generated and has not been previously collected for any other purpose. Advantages of Primary Data: Relevance: Primary data is tailored to the specific research questions or objectives, ensuring that it directly addresses the research focus. Accuracy and Reliability: Researchers have control over the data collection process, which can lead to higher data accuracy and reliability when compared ...
Identification of Research Problem, hypothesis, Research Design
Identification of Research Problem Identifying a research problem is a critical first step in the research process. A well-defined research problem sets the direction for your study and helps you focus your efforts on a specific area of inquiry. Here's a step-by-step guide on how to identify a research problem: 1. Choose a Broad Area of Interest: Start by selecting a general field or subject area that interests you. It could be related to your academic discipline, career goals, or personal passions. This will serve as the starting point for your research. 2. Review Existing Literature: Before narrowing down your research problem, conduct a thorough review of existing literature in your chosen area. Look for gaps, controversies, unanswered questions, or areas where more research is needed. This review will help you identify what is already known and what requires further investigation. 3. Brainstorm Research Questions: Based on your literature review, brainstorm a list of potent...
Introduction to Business Research
Introduction to Business Research: Business research plays a pivotal role in the modern corporate landscape, serving as a fundamental tool for organizations to understand, analyze, and make informed decisions in a dynamic and competitive market. It involves a systematic and rigorous investigation of various aspects of business operations, strategies, markets, and consumer behavior to uncover valuable insights that can lead to improved performance, enhanced efficiency, and sustainable growth. Business research serves as a guiding compass for businesses, helping them adapt, innovate, and thrive in an ever-evolving environment. Meaning of Business Research: Business research refers to the process of collecting, analyzing, interpreting, and applying data and information to address specific business challenges and opportunities. Its primary objective is to acquire a comprehensive understanding of various business elements, such as market trends, customer preferences, competitor analysi...
