MBA & MMS Programmes, 22nd October 2021, Malawi Institute of Management 1. Introduction 1 Introductions! Thom-Raphael Bwanali, BEd (Mlw), MPA (Bolton), PhD (HUST) Tax Administrator, Public Sector Reform Specialist & Researcher trbwanali@yahoo.co.uk +265 997 394 694 • Teaching & Research Interests: ➢ Public Management ➢ Public Budgeting and Finance ➢ Public Value Governance ➢ Research Methods • Work Experience: ➢ Tax Administration ➢ Management Reform ➢ Teaching ➢ Research Module Overview (Ref. Saunders P.XViii) No. Topic 1. Overview of Research, Paradigm & Philosophies 2. 7. Research Approaches and Literature Review Literature Review, Referencing and Citations Research Strategies Sampling Data Collection Techniques Validity, Reliability and Research Ethics 8. Qualitative methods 9. Survey Research Design: questionnaire format; data analysis and presentation of findings 3 Quantitative methods 3. 4. 5. 6. 10. Learning Outcomes (1) Learning Outcomes Assessment Demonstrate critical understanding of research paradigms and evaluate the contribution of such to the area of business and management in the organisation Exhibit understanding and expertise of theories, methods, tools, techniques, applied to the analysis, of problem based business or management research Critically analyse different research methodologies appropriate to the field of business and management 3 Hour closed book midsemester exam 3 Hour closed book end of semester exam Understand the risks, resources and rewards associated 1 Assignment (7,500 with undertaking research word Project Proposal) 4 Learning Outcomes (2) Learning Outcomes Demonstrate that research can be ethically and safely conducted within the arena of business, management and organisations Identify and exploit relevant literature and evaluate such research in the light of a chosen research topic Critically review, consolidate and understand a systematic and coherent body of knowledge Present a well-structured proposal with emphasis on content, clarity, conciseness and style Assessment 3 Hour closed book midsemester exam 3 Hour closed book end of semester exam 1 Assignment (5000 word Project Proposal) 5 Shape of the Module (15 credits) • Lectures 45hrs • Tutorials 15hrs • Self Guided Study - 1 Assignment and 2 exams ➢ Continuous assessment 50% ➢ Final examination 50% 6 Module Assignment ➢ The primary task for this assignment is to write a Research Proposal for a research topic that is in the domain of your programme of study, of sufficient interest to yourself to ultimately be the basis for your MBA/MSc dissertation project and meets the pragmatic criteria given to you for a reasonable and feasible topic ➢ Refer to Assignment Handout for more details ➢ Submission Deadline : Prescribed Texts • Collis, J. and Hussey, R. (2009) Business Research: A Practical Guide for Undergraduates and Postgraduate Learners (3rd ed.), . New York: Palgrave McMillan • Gray, D. (2009) Doing Research in the Real World (2nd ed.) London: Sage • Saunders, M., Lewis, P. and Thornhill, A. (2019) Research Methods for Business Students (8th Ed.). Harlow: Pearson Education Limited 8 Recommended Reading (1) • Robson, C. (2002) Real world research 2nd Edition, Blackwell Publishing, Oxford Shared! • Bryman, A. Bell E (2007), Business research , 7th edition , London, Oxford Press. • Khotari, C., R. (2006) Research Methodology: methods and techniques. New Age International (P) Ltd., 2nd Ed. • Sekaran, Uma and Bougie, Roger (2010) Research Methods for Business: A skill building approach. Wiley • Srivastava, T., N. and Rego, Shailaja (2011/ 1958) Business Research Methodology. Tata McGraw-Hill. • Fisher, C. (2010) Researching And Writing Dissertation: An Essential Guide For Business students, Pearson Education 9 UK. Recommended Reading (2) • Kumar, Ranjit (2011) Research Methodology: A stepShared! by-step Guide for Beginners 3rd Ed. Sage Publications, Ltd. • Lancaster, G. (2005) Research Methods in Management: A Concise Introduction to Research in Management and Business Consultancy, Oxford: Elsevier Butterworth-Heinemann • Creswell, J. W., & Creswell, J. D. (2017). Research design: Qualitative, quantitative, and mixed methods approaches. Sage publications. • Creswell, J. W., & Clark, V. L. P. (2017). Designing and conducting mixed methods research. Sage publications. 10 Academic Journals Academic Writing 1. Early Human Development 2. Industrial Marketing Management 3. Journal of Further and Higher Education 4. Management Review 11 Useful Websites (1) • Harvard Business Review https://hbr.org/ • Open Access Management Journals https://www.openacessjournal.com/subject/list- of-management-journals/ • Google Scholar https://scholar.google.com/ • PDF Drive https://www.pdfdrive.com/ 12 Masters Level Study 13 Masters Level Study ➢ Masters level study is largely independent ➢ We don’t tell you the right answers ➢ We don’t dictate how you spend all your time ➢ We don’t prescribe exactly what you have to read BUT read more RECENT academic journal articles ➢ We do provide a framework for your study ➢ We do provide guidance on key reading on concepts ➢ We do develop your ‘learning skills’ ➢ We do provide support 14 MBA & MMS Programmes, 22nd October 2021, Malawi Institute of Management 1. The role of research and associated paradigmatic and theoretical approaches in research methods 15 Topic Outline • • • • • • What is Research? Why Conduct Research? Characteristics of Research Criteria Of A Good Research Problems In Research Role Of Research In Decision-making 16 Class Reading & Discussion In class, read Isabelle’s research dilemma and answer the questions which follow Isabelle’s research dilemma ▪ How Isabelle’s understanding of theory and method changed in adopting the approach she chose: ▪ ➢ transdisciplinary nature of business and management research; ➢ development of ideas that are related to practice and in particular the requirement for the research to have some practical consequence; ➢ need for research to complete the virtuous circle of theory and practice; ➢ addressing of problems that grow out of the interaction between the worlds of theory and practice. Knowledge and skills developed in preparing the research: ➢ key differences between basic and applied research ➢ purpose and the context in which research is undertaken; What is Research? ▪ An inquiry process that has clearly defined parameters and has as its aim the: ➢ discovery or creation of knowledge, ➢ or theory building; ➢ testing, ➢ confirmation, ➢ revision, ➢ refutation of knowledge and theory; and / or ➢ investigation of a problem for local decision making (Hernon, 1991) Why Conduct Research? ➢ Because you don’t know what to do! ➢ To investigate some existing situation or problem ➢ To provide solutions to a problem ➢ To explore and analyse more general issues ➢ To construct or create a new procedure or system ➢ To generate new knowledge ➢ Combination of any of the above Characteristics of Research (1) ➢ Directed towards the solution of a problem. ➢ Based upon observable experience or empirical evidence. ➢ Demands description. accurate observation and ➢ Involves gathering new data from primary sources or using existing data for a new purpose. ➢ Research activities are characterized carefully designed procedures. by Characteristics of Research (2) ➢ Requires expertise i.e., skill necessary to carryout investigation, search the related literature and to understand and analyse the data gathered. ➢ Objective and logical – applying every possible test to validate the data collected and conclusions reached. ➢ Involves the quest for answers to unsolved problems. ➢ Requires courage. ➢ Characterized by patient and unhurried activity. ➢ Is carefully recorded and reported. Criteria Of A Good Research ➢ Purpose clearly defined. ➢ Research process detailed. ➢ Research design thoroughly planned. ➢ High ethical standards applied. ➢ Limitations frankly revealed. ➢ Adequate analysis for decision maker’s needs. ➢ Findings presented unambiguously. ➢ Conclusions justified. ➢ Researcher’s experience reflected. Problems In Research ➢ Topic selection/Problem identification ➢ Uncontrollable variables ➢ Human tendencies ➢ Time and money ➢ Insufficient interaction between university departments and business establishments research ➢ Lack of confidence on the part of business units to give information ➢ Lack of code of conduct ➢ Difficulty of timely availability of published data. Role Of Research In Decision-making ➢ Decision-making is the process of selecting the best alternative from the available set of alternatives. ➢ Management is chiefly concerned with decisionmaking and its implementation. ➢ These decisions should be based on appropriate studies, evaluations and observations. ➢ Research provides us with knowledge and skills needed to solve the problems and to meet the challenges of a fast paced decision-making environment. According to Herbert A Simon, decisionmaking involves three activities: ➢Intelligence Activity - scanning the environment for identifying conditions necessary for the decision. ➢Designing Activity - identifying, developing and analysing the alternative courses of action. ➢Choice Activity - choosing the best course of action from among the alternatives. Factors That Affect Managerial Decisions (1) ❖ INTERNAL FACTORS – factors present inside an organisation such as resources, technology, trade unions, cash flow, manpower etc. ❖ EXTERNAL FACTORS – factors present outside the organisation such as government policies, political factors, socio-economic factors, legal framework, geographic and cultural factors etc. ❖ QUANTITATIVE FACTORS – factors that can be measured in quantities such as time, resources, cost factors etc. Factors That Affect Managerial Decisions (2) ❖ QUALITATIVE FACTORS – factors that cannot be measured in quantities such as organizational cohesiveness, sense of belonging of employees, risk of technological change etc. ❖ UNCERTAINITY FACTORS – factors which cannot be predicted. Types Of Research Descriptive vs Analytical Research ❖ Descriptive Research is a fact finding investigation which is aimed at describing the characteristics of individual, situation or a group (or) describing the state of affairs as it exists at present. ❖ Analytical Research is primarily concerned with testing hypothesis and specifying and interpreting relationships, by analyzing the facts or information already available. Types Of Research Applied vs Fundamental Research ❖ Applied Research or Action Research is carried out to find solution to a real life problem requiring an action or policy decision. ❖ Fundamental Research which is also known as basic or pure research is undertaken for the sake of knowledge without any intention to apply it in practice. It is undertaken out of intellectual curiosity and is not necessarily problem-oriented. Types Of Research Quantitative vs Qualitative Research ❖ Quantitative Research is employed for measuring the quantity or amount of a particular phenomena by the use of statistical analysis. ❖ Qualitative Research is a non-quantitative type of analysis which is aimed at finding out the quality of a particular phenomenon. Types Of Research Conceptual vs Empirical Research ❖ Conceptual Research is generally used by philosophers and thinkers to develop new concepts or to reinterpret existing ones. ❖ Empirical Research is a data based research which depends on experience or observation alone. It is aimed at coming up with conclusions without due regard for system and theory. Some other types of research.. ❖ One-time Research – Research confined to a single time period. ❖ Longitudinal Research – Research carried on over several time periods. ❖ Diagnostic Research – It is also called clinical research which aims at identifying the causes of a problem, frequency with which it occurs and the possible solutions for it. ❖ Exploratory Research – It is the preliminary study of an unfamiliar problem, about which the researcher has little or no knowledge. It is aimed to gain familiarity with the problem, to generate new ideas or to make a precise formulation of the problem. Hence it is also known as formulative research. Some other types of research.. ❖ Experimental Research – It is designed to assess the effect of one particular variable on a phenomenon by keeping the other variables constant or controlled. ❖ Historical Research – It is the study of past records and other information sources, with a view to find the origin and development of a phenomenon and to discover the trends in the past, in order to understand the present and to anticipate the future. Qualities Of A Good Research 1. Systematic – research process 2. Logical – induction/deduction 3. Empirical – evidence based 4. Reductive – generalisation 5. Replicable – methodology. Research Process FF Review the literature FF Define Research Problem I Review Concepts And theories Formulate Question/ hypothesis Review Previous Research findings Design Research (Including Sample Design) Collect Data (Execution) IV V III Analyse Data (Test Hypothesis if any) F Interpret and report F VI II F F FF Feed Back Feed Forward VII Self-Study Before our next meeting, PLEASE read: 1. Chapter 4: Understanding research philosophy and approaches to theory development (from p.128-159) from Saunders, M., Lewis, P. and Thornhill, A. (2019) Research Methods for Business Students (8th Ed.). Harlow: Pearson Education Limited 2. Chapter 1: Business Research Strategies (from p.3-36) from Bryman, A. Bell E (2007), Business research , 7th edition , London: Oxford Press. Questions 38