What Is Research?: Definition: Research Is Defined As Careful Consideration of Study Regarding A

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What is Research?

Definition: Research is defined as careful consideration of study regarding a


particular concern or problem using scientific methods. According to the
American sociologist Earl Robert Babbie, “research is a systematic inquiry to
describe, explain, predict, and control the observed phenomenon. It involves
inductive and deductive methods.”

Gather research insights

Inductive research methods analyze an observed event, while deductive


methods verify the observed event. Inductive approaches are associated
with qualitative research, and deductive methods are more commonly
associated with quantitative analysis.

Research is conducted with a purpose to:

 Identify potential and new customers


 Understand existing customers
 Set pragmatic goals
 Develop productive market strategies
 Address business challenges
 Put together a business expansion plan
 Identify new business opportunities

What are the characteristics of research?


1. Good research follows a systematic approach to capture accurate
data. Researchers need to practice ethics and a code of conduct
while making observations or drawing conclusions.
2. The analysis is based on logical reasoning and involves both inductive
and deductive methods.
3. Real-time data and knowledge is derived from actual observations in
natural settings.
4. There is an in-depth analysis of all data collected so that there are no
anomalies associated with it.
5. It creates a path for generating new questions. Existing data helps
create more research opportunities.
6. It is analytical and uses all the available data so that there is no
ambiguity in inference.
7. Accuracy is one of the most critical aspects of research. The
information must be accurate and correct. For example, laboratories
provide a controlled environment to collect data. Accuracy is
measured in the instruments used, the calibrations of instruments or
tools, and the experiment’s final result.

What is the purpose of research?


There are three main purposes:

1. Exploratory: As the name suggests, researchers conduct exploratory


studies to explore a group of questions. The answers and analytics
may not offer a conclusion to the perceived problem. It is undertaken
to handle new problem areas that haven’t been explored before. This
exploratory process lays the foundation for more conclusive data
collection and analysis.
2. Descriptive: It focuses on expanding knowledge on current issues
through a process of data collection. Descriptive studies describe the
behavior of a sample population. Only one variable is required to
conduct the study. The three primary purposes of descriptive studies
are describing, explaining, and validating the findings. For example, a
study conducted to know if top-level management leaders in the 21st
century possess the moral right to receive a considerable sum of
money from the company profit.
3. Explanatory: Causal or explanatory research is conducted to
understand the impact of specific changes in existing standard
procedures. Running experiments is the most popular form. For
example, a study that is conducted to understand the effect of
rebranding on customer loyalty.
Here is a comparative analysis for better understanding:

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