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Unit 3: Research Design




          3.1.2 Types  of Research Design                                                       Notes

          Exploratory, descriptive and causal research are some of the major types. Exploratory research
          is used to seek insights into general nature of the problem. It provides the relevant variable that
          need to be considered. In this type of research, there is no previous knowledge, research methods
          are flexible, qualitative and unstructured. The researcher in this method does not know "what he
          will find".
          Descriptive research is a type of research, very widely used in marketing research. Generally in
          descriptive study there will be a hypothesis, with respect to this hypothesis, we ask questions
          like size, distribution, etc.
          Causal research, this type of research is concerned with finding cause and effect relationship.
          Normally experiments are conducted in this type of research.

          Self Assessment

          Fill in the blanks:
          1.   ........................... research is used to seek insights into general nature of the problem.
          2.   Research design helps to plan in  advance the  methods and  techniques to  be used for
               collecting and ………………..data.

          3.2 Exploratory Research

          The major emphasis in exploratory research is on converting broad, vague problem statements
          into  small,  precise  sub-problem statements, which is  done  in order  to  formulate  specific
          hypothesis. The hypothesis is a statement that specifies, "how two or more variables are related?"

          In the early stages of research, we usually lack from sufficient understanding of the problem to
          formulate a specific hypothesis. Further, there are often several tentative explanations.


               Example: "Sales are down because our prices are too high",
                      "our dealers or sales representatives are not doing a good job",
                      "our advertisement is weak" and so on.
          In this scenario, very little information is available to point out, what is the actual cause of the
          problem. We can say that the major purpose of exploratory research is to identify the problem
          more specifically. Therefore, exploratory study is used in the initial stages of research.
          Under what circumstances is exploratory study ideal?
          The following are the circumstances in which exploratory study would be ideally suited:
          1.   To gain an insight into the problem
          2.   To generate new product ideas

          3.   To  list  all  possibilities.  Among the  several  possibilities,  we  need  to  prioritize  the
               possibilities which seem likely
          4.   To develop hypothesis occasionally



             Did u know? Exploratory study is also used to increase the analyst's familiarity with the
             problem. This is particularly true, when the analyst is new to the problem area.



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