ORGANIZED BY ELITE INSTITUTE FOR RESEARCH AND DEVELOPMENT ON 04-NOVEMBER-2022 Lecturer: Shafie D. Mohamed BSc / MSc in Finance / PGD-Research and Statistics Introduction Session © - Shafie D. Mohamed (2021) Introduction to Research 1 Learning Objectives 1.1 Introduction to research 1.2 Definitions of Research 1.3 Nature and purpose of the research 1.4 Objectives of Research 1.5 Types of Research 1.6 Research Approaches 1.7 Qualitative Research Vs. Quantitative Research 1.8 Comparison of Research Design/Methods 1.9 Research process 1.10 structure of a dissertation or thesis Introduction Session 1 © - Shafie D. Mohamed (2021) Introduction to Research 2 Research project is an opportunity to select an issue and investigate it independently and the research report is called a dissertation or thesis. Research is an investigation into a particular topic or social/business phenomena. Research Is Not: • Just collecting facts or information with no clear purpose • Reassembling and reordering facts or information without interpretation. . © - Shafie D. Mohamed (2021) Research methodology provides the principles for organizing, planning, designing and conducting research. Introduction Session Introduction to Research 3 Research should have the following characteristics • Data are collected systematically. • Data are interpreted systematically. • There is a clear purpose: to find things out. © - Shafie D. Mohamed (2021) Research is a systematic and methodical process of enquiry and investigation with a view to increasing knowledge’ (Collis and Hussey, 2014, p. 2) Research is an activity related to obtain & analyze information to identify & solve problems. The output of research is new knowledge. Introduction Session What is research? 4 © - Shafie D. Mohamed (2021) • Although research is central to both business and academic activities, there is no consensus in the literature on how it should be defined. • However, from the many definitions offered, there is general agreement that research is: Introduction Session Nature and purpose of the research 5 © - Shafie D. Mohamed (2021) • The typical objectives of research can be summarized as follows: Introduction Session Nature and purpose of the research 6 (Collis and Hussey, 2014, p. 2) 1. The ability to frame a good research question when given an issue or problem 2. The ability to identify and apply an appropriate model to a given research problem. (Conceptual Vs Theoretical) 3. The ability to develop an appropriate data set. 4. The ability to select appropriate ways to test hypothesis. 5. The ability to use the results to create a scholarly argument. © - Shafie D. Mohamed (2021) To conduct research, students/researchers required to develop creative skills that includes: Introduction Session What is research? 7 • • • • Purpose of the research Process of the research Outcome of the research Logic of the research © - Shafie D. Mohamed (2021) • Four main typologies based on Introduction Session TYPES OF RESEARCH 8 © - Shafie D. Mohamed (2021) • Research can be classified into four main types according to the purpose of the research. 1- Exploratory research 2- Descriptive research 3- Explanatory research 4- Predictive research (Analytical research) Introduction Session 1. Classifying research according to the purpose 9 Addressing all questions except “why” • Descriptive research – used to describe phenomena as they exist identify and obtain information on characteristics of the problem/issue - cross sectional data Addressing the questions such “How , what , where & when ” • Explanatory research - goes beyond description to identify the reason something occurs. Time series data Addressing the questions such “ how & why” • Predictive research - goes even further than explanatory research. Predictive research provides ‘how’, ‘why’ and ‘where’ answers to current events and also to similar events in the future. © - Shafie D. Mohamed (2021) • Exploratory research – used to gain an initial understanding where there is little or no existing knowledge. Introduction Session Classifying research according to the purpose 10 2. 3. 4. 5. What is the impact of the global financial crisis of 2007 – 2009 on Bank industry in the UK? Descriptive Foreign Direct Investment Promote Economic Growth. Why? Explanatory research Research class 20% of the students are failed in the exam. what is the reason behind this failure. Explanatory research Analysis of the COVID-19 Vaccine Development Process: Exploratory research Will a change in packaging improve our sales in Market? Predictive © - Shafie D. Mohamed (2021) 1. Introduction Session Exercise 1. Exploratory, descriptive, explanatory and predictive studies? 11 - For instance / What are the feelings of employees faced with redundancy? • Quantitative research is research concerned with the measurement and analysing data using statistical methods to gain understanding. - For instance / What is the absentee rate among a particular group of employees? It involves the collection of numerical data in order to explain, predict and control phenomena of interest, data analysis being mainly statistical. © - Shafie D. Mohamed (2021) • Qualitative research is research undertaken to gain insights concerning attitudes, beliefs, motivations and behaviors of individuals. Introduction Session 2. Classifying research according to the process 12 Qualitative Approach Research Approaches © - Shafie D. Mohamed (2021) Quantitative Approach Introduction Session Research Approaches 13 © - Shafie D. Mohamed (2021) Introduction Session Qualitative Research Vs. Quantitative Research 14 • Eg How can energy be saved in a particular workplace? • Basic research is designed to make a contribution to general knowledge and theoretical understanding, rather than solve a specific problem • Eg How can business travellers be encouraged to reduce their carbon footprints? (Collis and Hussey, 2014) © - Shafie D. Mohamed (2021) • Applied research - designed to apply its findings to solving a specific, existing problem Introduction Session 3. Classifying research according to the outcome 15 - When there is little to no existing literature on a topic, it is common to perform inductive research because there is no theory to test. • Deductive research - When conducting deductive research, you always start with a theory (the result of inductive research). - Reasoning deductively means testing these theories. - If there is no theory yet, you cannot conduct deductive research. The main difference between inductive and deductive reasoning is that inductive reasoning aims at developing a theory while deductive reasoning aims at testing an existing theory. © - Shafie D. Mohamed (2021) • Inductive research Introduction Session 4. Classifying research according to the logic 16 1- Exploratory 2- Descriptive 3- Explanatory 4- Correlation (Association between two variables) – IV & DV 5- Mixed methods To describe problem (Descriptive research) To investigate factors promote (cause) the problem (Explanatory research) Mixed methods © - Shafie D. Mohamed (2021) • The way and direction you raised your research objectives/questions would result your study to be in either: Introduction Session RESEARCH METHODS 17 RESEARCH METHODS of variables or characteristics. • To describe the characteristics of a particular individual, situation or a group (Descriptive study) • Descriptive research cannot describe what caused a situation. Exploratory research – used to gain an initial understanding where there is little or no existing knowledge. • To gain familiarity with a fact or to achieve new insights into it (Exploratory study) Explanatory research - goes beyond description to establish relationships that explain how and why. © - Shafie D. Mohamed (2021) Descriptive research: investigator attempts to describe a group of individuals on a set Introduction Session (Objectives of The research) • To test a causal relationship between variable (Hypothesis testing study) Correlation research - The researcher explores or tests relations between variables. • To determine the association between DV and IV (Correlation study) 18 Descriptive Explanatory (Causal) Objectives To discover the insights and new ideas about the problem at hand. To confirm the Problem To describe the Problem at hand and relate to the characteristics of the Population under study To determine the cause and effect relationship between the independent and dependent variables Data Collection Methods • Disk review • Key informant interview • Focus group discussion • Case studies • • • • • • • • • Observations Survey Questionnaire Experiment Experiments. Questionnaires FGD Interview Secondary data © - Shafie D. Mohamed (2021) Exploration Introduction Session Comparison of Research Design/Methods Time horizon data 1) Cross sectional data (Data collected one time ) 2) Time series data (Different time collection as annually or weekly such GDP 1960 – 2021) 3) Panel data (Cross sectional data and Time series data) 19 © - Shafie D. Mohamed (2021) • Quantitative data are data that are measured on a naturally occurring numerical scale. • Qualitative (or categorical) data are measurements that cannot be measured on a natural numerical scale. • Primary data is the kind of data that is collected directly from the data source without going through any existing sources. • Secondary data is the data that has been collected in the past by someone else but made available for others to use. • Time series data Introduction Session TYPES OF DATA Ordered data values observed over time. • Cross sectional data Data values observed at a single point in time. 20 Researchable – can be investigated through the collection and analysis of data Significant – contributes to the improvement and understanding of educational theory and practice Manageable – fits the level of researcher’s skills, needed resources, and time restrictions (Dr. Ali Yassein, 2016) © - Shafie D. Mohamed (2021) Interesting – keeps the researcher interested in it throughout the research process Introduction Session Characteristics of Good Research 21 1. Formulating Research Topic 2. Find and Develop Problem statement 3. Critically review the literature 4. Develop Conceptual model (Theoretical framework) 5. Formulate your research design 6. Plan your data collection 7. Analyse your data using statistical packages (SPSS and STATA) 8. Write your report draft 9. Submit your project report to the Research Department © - Shafie D. Mohamed (2021) • Whatever type of research or approach is adopted, there are several fundamental stages in the research process that are common to all scientifically based investigations. Introduction Session Research Process 22 © - Shafie D. Mohamed (2021) Introduction Session Overview of the research process 23 © - Shafie D. Mohamed (2021) Introduction Session Indicative structure of a dissertation or thesis 24 © - Shafie D. Mohamed (2021) • Planning and good project management are essential to the success of a research project • You will need • Knowledge, skills and other personal qualities • A clear idea of what you are going to investigate and the funding implications • Access to the relevant data • Awareness of ethical issues • A realistic timetable • An efficient system for managing the research Introduction Session Knowledge, skills and personal qualities In researchers 25 © - Shafie D. Mohamed (2021) Introduction Session Skills and personal qualities 26 © - Shafie D. Mohamed (2021) Introduction Session Skills and personal qualities 27 Motivation in Research © - Shafie D. Mohamed (2021) • Desire to get a research degree along with its consequential benefits • Desire to face the challenge in solving the unsolved problem • Desire to get intellectual joy of doing some creative work. • Desire to be of service to society. • Desire to get respectability. • Employment conditions and requirements. Introduction Session What makes people to undertake research? 28 © - Shafie D. Mohamed (2021) • Do’s • Very careful when you decide which type of research to choose • Read more about the research types • Don’t • Developing a topic without considering problem statement • Not following the right research process Introduction Session Conclusion 29 © - Shafie D. Mohamed (2021) END 30 Introduction Session