Exactly what is integrated into a design may vary significantly based on the preference of the person responsible. It should be confirmed to the minimum of information that is required for planning. It must include at least the 3 basic elements of research design.
Management Articles & Notes
This page is dedicated to management articles, notes, tips and resources. You can find articles on a variety of topics related to management here.
In simple words, management is the art of getting things done through others. In other words, management in all business activities is considered the act of coordinating the efforts of individuals to achieve objectives and goals making use of available resources wisely. Management is frequently covered as a factor of production together with equipment, materials, and funds. Management includes the manipulation of human capital within an organization to help with the success of a business. In a commercial business, the main function of management is the satisfaction of a number of stakeholders. This usually requires making a profit, producing valued goods at affordable prices, and giving rewarding job opportunities for workers.
Advantages of Research Design
A research design offers a number of advantages when examining the data and interpreting their meaning. It helps to keep the calculations and thinking on the right path. That being said, we are really not suggesting that a design be a rigid framework. If there is no explicit design, the investigator would have just a hazy idea about what to do.
Definition of Research Design
A research design is the determination and statement of the basic research strategy or method adopted for the particular activity. It is the heart of planning. If the design sticks to the research objective, it will ensure that the client’s needs will be served .It is a plan for gathering and utilizing data so that required information can be obtained.
Importance of Research Design
A research design bears a crucial impact on the dependability of the results achieved. It therefore offers a solid foundation for the whole research. It is important because of the fact that it enables the smooth working of the many research operations. This makes the research as efficient as possible by giving maximum information with minimum spending of effort, time and expense.
Elements of Research Design
A research design can be defined as a conceptual structure within which research is likely to be executed. It consists of the blueprint for the collection, measurement and analysis of data. Decisions in relation to what, where, when, how much, by what means concerning an enquiry or a research design are taken. I will discuss some key elements of research design in this article.
Theories of Capital Structure
The term capital structure refers to the way an organization finances its assets via some mix of equity, debt, or other securities. It is considered that with the change in capital structure, the value of a company could be affected. There are different theories of capital structure: M&M, Trade-Off Theory, Pecking Order, Market Timing Theory, Net Income, Net Operating Income Theory, etc.
Management as Science
Science is an organized body of knowledge linked with a particular area of study which includes basic facts that explains a phenomenon. It establishes cause and effect relationship. As a science, management includes a number of universal principles which can be employed for managing individuals in organizations throughout the world. However management is not as specific as natural or physical sciences.
Disadvantages of Exploratory Research
Exploratory research cannot substitute conclusive, quantitative research. Having said that, businesses often use what should be exploratory research as final, conclusive research projects. This leads to incorrect choices. The most important thing to bear in mind about exploratory research methods is that they have some disadvantages.
Methods of Exploratory Research
Exploratory Research is carried out to clarify ambiguous problems. It is conducted expecting that subsequent research will likely be required to provide conclusive evidence. The exploratory work offers background information necessary to plan descriptive or explanatory research. Through exploratory research, researchers wish to produce hypotheses about what is happening in a situation. A hypothesis is a statement which explains exactly how numerous variables are associated.
Types of Exploratory Research
Exploratory research is conducted for a problem that has not been clearly defined. Exploratory research works well for determining the best research design, data collection method and choice of subjects. It should draw definitive conclusions only with extreme care. Provided its basic nature, exploratory research generally concludes that an identified problem doesn’t actually exist. The objective of exploratory research is to discover ideas and information.