Exploratory vs. Conclusive Research in Business
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Questions and Answers

What is the primary purpose of descriptive research design?

To describe characteristics of a population or phenomenon being studied.

What is the key difference between cross-sectional design and longitudinal design?

Cross-sectional design collects data from a sample at one point in time, whereas longitudinal design collects data from the same sample over a period of time.

What is the advantage of using a longitudinal design?

It allows for large amounts of data to be collected and provides an accurate understanding of changes over time.

What is a cohort in the context of descriptive research design?

<p>A group of respondents who experience the same event within the same time interval.</p> Signup and view all the answers

What is the main limitation of cross-sectional design?

<p>It can mislead researchers about changes over time.</p> Signup and view all the answers

What is the primary purpose of causal research design?

<p>To determine whether one or more variables causes or affects one or more outcome variables.</p> Signup and view all the answers

What is the objective of exploratory research?

<p>To offer insight and understanding of the problem investigated</p> Signup and view all the answers

What is a key characteristic of conclusive research?

<p>Structured and formal research process</p> Signup and view all the answers

What type of data analysis is typically used in exploratory research?

<p>Qualitative analysis</p> Signup and view all the answers

What is the purpose of exploratory research design?

<p>To discover ideas</p> Signup and view all the answers

When is exploratory research design typically conducted?

<p>When the researcher has no past data or only few studies for reference</p> Signup and view all the answers

What type of data is often used in exploratory research?

<p>Secondary data: qualitative analysis</p> Signup and view all the answers

Study Notes

Research Design

  • Research can be informal and unstructured.

Descriptive Research Design

  • Used to describe characteristics of a population or phenomenon being studied.
  • Helps measure the relationship between two variables.
  • Two types: Cross-sectional design and Longitudinal design.

Cross-sectional Design

  • Collecting data from a given sample of population elements only once.
  • Two types: Single cross-sectional design and Multiple cross-sectional design.
  • Single cross-sectional design: One sample of respondents, information obtained once.
  • Multiple cross-sectional design: Two or more samples of respondents, data obtained once from each sample.
  • Types of Multiple cross-sectional design: Cohort analysis.
  • Cohort analysis: A series of surveys conducted at appropriate intervals, focusing on a group of respondents who experience the same event within the same time interval.

Longitudinal Design

  • The same sample remains over time, providing a series of pictures that give a deeper understanding of the situation and changes over time.
  • Advantages: Ability to detect change at the individual level, uses panels, allows for large amounts of data to be collected.
  • Disadvantages: Can be time-consuming, data can be inaccurate.

Causal Research Design

  • Designed to determine whether one or more variables causes or affects one or more outcome variables.
  • Objective: Determine causes and effect relationships.

Exploratory vs. Conclusive Research

  • Exploratory Research:
    • Objective: Offer insight and understanding of the problem investigated.
    • Characteristics: Information is defined loosely, flexible research process, unstructured, small sample size, data analysis is qualitative.
    • Findings: Tentative, requires a follow-up exploratory or conclusive research.
  • Conclusive Research:
    • Objective: Focuses on hypotheses testing and examining the relationship.
    • Characteristics: Information is clearly defined, structured and formal research process, large sample size, data analysis is quantitative.
    • Findings: Conclusive, used in decision making.

Basic Research Design

  • Exploratory Research Design:
    • Objective: Discover ideas.
    • Characteristics: Flexible, versatile, front-end of total research, marked by prior formulation of specific hypothesis.
    • Methods: Expert survey, pilot survey, case studies, secondary data (qualitative analysis).
  • Descriptive Research Design:
    • Objective: Describe the market characteristics or functions.
    • Characteristics: Preplanned and structured design.
    • Methods: Surveys, panels, observation, and other data.
  • Causal Research Design:
    • Objective: Determine causes and effect relations.
    • Characteristics: Manipulation of one or more independent variables, measure the effect on dependent variables, control of mediating variables.
    • Methods: Experiments.

Exploratory Research Design

  • Conducted for a research problem when the researcher has no past data or only few studies for reference.
  • Helps with in-depth search of information where little is known about the role.

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Description

Explore the key differences between exploratory and conclusive research in business. Learn about the objectives and characteristics of each type to make informed research decisions.

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