Research Methodology
Research Methodology
Research Methodology
INTRODUCTION
Management research is a study about the management or an organization. It tries to study
the problems in the management or an organization and how can a solution be provided to
solve the issue through a step by step hierarchy of questions.
FORMULATION OF MANAGEMENT RESEARCH
Management Dilemma:
Here you try to answer that what factors have resulted in the current problem? What
environmental factors have stimulated the issue?
Management Question:
How can management fully eliminate the factors that are causing this problem? How can they
avail the opportunity
Research Question
By taking which course of action can the management eliminate the factors that are causing
the problem? What course of action is available so that opportunity can be availed?
Investigative Question:
Which alternate is most suitable for the managers in order to avail the opportunity?
Measurement Question:
How can the questions be measured? What needs to be asked or observed for the information
needed to solve the problem and the management research question?
Management Decision:
Based on the findings gained from the research, what action course should the management
take?
PROBLEM AUDIT & STEPS TAKEN FOR THIS
A problem audit is an evaluation framework that helps us interact with decision-makers to
uncover what the real problem is and the areas of research we need to focus on to identify its
underlying causes. The main purpose is to understand the issues the decision-makers are
facing.
History of the problem
What events led to the realization that action is needed? Understanding what happened or
has been happening that is forcing stakeholders to look for new solutions is the first step in a
problem audit
Available Alternative Courses of Action
What solutions to the problem are currently available? Decision-makers may have
considered courses of action that are available or could be available shortly. However, these
courses of action may pose risks, be riddled with limitations, or be in early stages that need
research to validate their viability.
Criteria to Evaluate Alternative Courses of Action
What criteria and metrics are decision-makers considering making go/no-go decisions
to select viable solutions?
Criteria may vary from problem to problem depending on tolerance for risk and the impact of
a solution (financial, operations, personal, etc.).
Potential Actions that Research Findings May Suggest
What could be potential research findings, if we do the research, and what course of
action would those suggest? Would they be tactical or strategic decisions?
While the previous audit areas are about what we know so far, the questions in this one deal
with hypotheticals to expand our knowledge area.
Information Needed to Answer Decision Makers’ Questions
What information do we need to answer the different questions related to the problem
and its underlying causes?
As the problem is discussed, its history, potential available solutions, risks, limitations, etc.
the problem itself may morph into a different problem or the focus may go to related areas
where the real causes may lay. This part of the discussion guide is the most fluid and requires
keeping in mind all the issues discussed so far. We may need to define the information needs
through various alternate of these discussions.
Decision-Making Corporate Culture
In some organizations, decision-making is driven by processes, while in others is dominated
by the personalities of key decision-makers.
Decision-making corporate culture is an important factor in the perceived value of the
research and requires that researchers sometimes get into the thick of internal politics to be
able to design actionable research.
Liquidity
The benefits had to understand the need to have money in hand for either an emergency or
even a sudden change in investment strategy to earn a high rate of return on the investment.
The equity market can have a sudden knee jerk reaction to any news and may create a buying
opportunity.
The individual should have enough liquidity to invest in time.
Tax Benefits
Tax benefits are a very important aspect to be considered when a person is investing.
Tax can wipe away the return on investment if the investment is not done wisely.
There are various investment options that are taxed highly. There are other investments for
which the returns are either not taxed or have a low tax.
The individual has to understand the tax laws of the land and invest accordingly to make a
high return on investment.
Frequency of Return
The frequency with which the individual gets a return on his investment is also very
important.
These have to be very carefully followed for efficient reinvestment and also for the use of
the return for various needs of the individual.
ANSWER 2
INTRODUCTION
A questionnaire is a research instrument that consists of a set of questions or other types of
prompts that aims to collect information from a respondent. A research questionnaire is
typically a mix of close-ended questions and open-ended questions.
Open-ended, long-form questions offer the respondent the ability to elaborate on their
thoughts.
The data collected from a data collection questionnaire can be both qualitative as well
as quantitative in nature. A questionnaire may or may not be delivered in the form of
a survey, but a survey always consists of a questionnaire.
CONCEPT AND APPLICATION
GROWTH OPPORTUNITIES IN IT
No matter where you start in IT or in which capacity, there are countless opportunities for
career growth. IT provides some of the best careers for moving up the ladder and expanding
professionally. If you want to benefit from the growth opportunities that careers in
information technology offer, the key is committing yourself to expanding your knowledge,
reaching your career goals and contributing to the success of your company. In IT careers,
oftentimes, the more versatile you are, the more valuable you're viewed as by your employer.
If you're in the process of transitioning into a career in IT from another industry, you may be
curious about what you can do to set yourself up for IT career growth and promotions once
you're hired.
COMPENSATION PACKAGE FOR EMPLOYEES OF IT
Modern compensation systems can generally be analyzed along four dimensions: fixed versus
variable, short-term versus long-term, cash versus equity, and individual versus group. The
factors that drive choices include the firm’s strategic objectives, ability to attract and retain
talent, ownership structure, culture, corporate governance, and cash flow.
Fixed versus variable.
Total direct compensation is made up of a base salary (set in advance and paid in cash) and
short-term and long-term incentives. Both kinds of incentives are variable or at-risk elements
and may be contingent on the achievement of certain organizational or individual goals.
Awards can be based on an established formula or at the discretion of management or the
board’s compensation committee.
The breakdown between fixed and variable comp is relatively consistent across industries,
although telecom, technology, and energy companies pay a slightly higher percentage of
variable compensation.
Short- versus long-term.
A second dimension is the extent to which variable compensation is paid out in the year it is
awarded or deferred and paid over some future period. This applies to awards where the
amount (a specified cash payment or a fixed number of shares) is established up front and
where it’s based on meeting specified future hurdles. Short-term variable compensation
generally takes the form of cash; long-term generally is delivered in equity, through
instruments such as stock options, restricted stock, and performance shares.
Cash versus equity.
Our analysis showed that on average 41% of senior executive compensation is paid in cash,
and 59% in equity. The mix is often determined by business maturity. Young companies tend
to rely a lot on equity to attract and retain key employees if cash is scarce. The percentage of
equity compensation is notably higher for large-cap companies (63%) than for small-cap
companies (48%), however. Technology, telecom, health care, and energy companies put the
largest percentage of pay in the form of equity.
INTRODUCTION
Nominal, Ordinal, Interval, and Ratio are defined as the four fundamental levels of
measurement scales that are used to capture data in the form of surveys and questionnaire
each being a multiple type question
Each scale is an incremental level of measurement, meaning, each scale fulfills the function
of the previous scale, and all survey question scales such as like semantic Differential etc, are
the derivation of this these 4 fundamental levels of variable measurement. Before we discuss
all four levels of measurement scales in details, with examples, let’s have a quick brief look
at what these scales represent.
CONCEPT AND APPLICATION
Nominal Scale: 1st Level of Measurement
Nominal Scale also called the categorical variable scale, is defined as a scale used for
labelling variables into distinct classifications and doesn’t involve a quantitative value or
order. This scale is the simplest of the four variable measurement scales. Calculations done
on these variables will be futile as there is no numerical value of the options.
Nominal Scale Examples
Gender
Political preferences
Place of residence
What is your Gender? What is your Political preference? Where do you live
1- Independent 1- Suburbs
M- Male
2- Democrat 2- City
F- Female
3- Republican 3- Town