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Chapter 5 Clarifying the Research Question through Secondary Data and Exploration McGraw-Hill/Irwin Business Research Methods, 10e Copyright © 2008 by The McGraw-Hill Companies, Inc. All Rights Reserved. 5-2 Learning Objectives Understand... • The purpose and process of exploratory research. • The two types and three levels of management decision-related secondary sources. • The five types of external information and the factors for evaluating the value of a source and its content. 5-3 Learning Objectives Understand . . . • The process of using exploratory research to understand the management dilemma and work through the stages of analysis necessary to formulate the research question (and, ultimately, investigative questions and measurement questions). • What is involved in internal data mining and how internal data-mining techniques differ from literature searches. 5-4 PulsePoint: Research Revelation 19.4 The average annual percentage stock price increase experienced by high-employee-morale companies compared to others in their industry. Clarifying the Research Question Reduces Information Overload “Executives today are at risk of drowning in an ocean of technology-generated data. One possible response to data overload is to tune out completely, but that only takes the problem to the other extreme. A better response is to make the company’s business model as simple and as transparent as possible and to figure out exactly which measures are needed to illuminate the model’s success.” Robert J. Thomas, Executive Director, Accenture’s Institute for High Performance Business 5-5 5-6 Exploratory Phase Search Strategy Discovery/ Analysis Secondary Sources Expert Interview Search Strategy Individual Depth Interviews Group Discussions 5-7 Objectives of Secondary Searches • Expand understanding of management dilemma • Gather background information • Identify information that should be gathered • Identify sources for and actual questions that might be used • Identify sources for and actual sample frames that might be used 5-8 Conducting a Literature Search Define management dilemma Consult books for relevant terms Use terms to search Locate/review secondary sources Evaluate value of each source and content 5-9 Integrating Secondary Data 5-10 Levels of Information Primary Sources: Memos Letters Interviews Speeches Laws Internal records Secondary Sources: Encyclopedias Textbooks Handbooks Magazines Newspapers Newscasts Tertiary Sources: Indexes Bibliographies Internet search engines 5-11 The U.S. Government is the world’s largest source of data 5-12 Evaluating Information Sources Purpose Format Scope Evaluation Factors Audience Authority 5-13 The Business Research Process 5-14 Stage 1: Clarifying the Research Question Management-research question hierarchy process begins by identifying the management dilemma 5-15 Management-Research Question Hierarchy 5-16 SalePro’s Hierarchy 5-17 Formulating the Research Question 5-18 The Research Question Break questions down Examine variables Determine necessary evidence Fine-Tuning Evaluate hypotheses Set scope of study 5-19 Investigative Questions Performance Considerations Attitudinal Issues Behavioral Issues © 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin 5-20 Key Terms • • • • • • • • • • • • • • Bibliography Bibliographic Database Data Mart Data Mining Data Visualization Data Warehouse Dictionary Directory Encyclopedia Expert interview Exploratory research Handbook Index Individual depth interview • • • • Investigative questions Literature search Management question Measurement question – Custom-designed – Predesigned • • • • Primary sources Research questions Secondary sources Source evaluation – – – – – Purpose Scope Authority Audience Format • Tertiary sources Appendices 5a & 5b Bibliographic Database Searches/ Advanced Searches McGraw-Hill/Irwin Business Research Methods, 10e Copyright © 2008 by The McGraw-Hill Companies, Inc. All Rights Reserved. 5-22 Searching Databases vs. the Web 5-23 Advanced Searching Process 5-24 Review of Advanced Search Options