...Applied research—Using basic research methods, the outcome of the research is applied to a business problem. Basic research—The clinical or scientific method of research. This type of research is often done in laboratories or under controlled circumstances. Four Types of Research Methods: Reporting—A summary or incomplete review of existing data; Descriptive—Most often used in marketing or sales. This type of research always asks who, what, when, where, why, and how in research questions; Exploratory—Using focus groups or a small study to get a feel for the problem; Predictive/Causal—Research conducted where one unit is held steady, while the experiment is conducted on the other unit, which tests whether the experiment itself is the reason for change in the experimental unit. Time Factors for Research: Longitudinal—A research study performed on a sample over a period of time; Cross-sectional—A research study done only once, which provides a snapshot of what is occurring somewhere at a particular time. Four Types of Research Validity: Construct Validity—the theoretical or practical underpinnings of the hypotheses and measurement of the variables; External Validity—the comparability or generalizability of the findings to other samples and settings; Internal Validity—for descriptive, explanatory, or causal studies this is basically an answer to the question of whether we saw what we thought we saw; Conclusion Validity—did we use the proper statistical tools to draw these...
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...Goals are the foundation to the success of every aspiring individual. Without goals where would we be not only as a nation but as race? Everyone dreams of becoming someone their mother can be proud and someone who can make a difference in the world in which we live. Having short term goals and long term goals gives a person something to plan and work towards. A short term goal that I have would be finishing high school and college with a high grade point average. My grades have always been a top priority to me and that goal will continue into my college career. I hope to graduate from the University of Southern Mississippi with an impressive resume. This will help me along with my ultimate goal of becoming a clinical psychologist. The clinical psychology program only accepts a certain number of applicants a year so it is crucial I stand out in the crowd....
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...From my research I learned that three days after a person sees a picture, your brain will remember 65% of what you saw. The hippocampus is where the brain stores memory. Our brain is 10 times bigger than scientists originally thought from recent studies. There are two different types of memory in the brain. Short term memory and long term memory. Episodic memory is the of memory of specific events. Short term memory causes your pre-frontal lobe to be very active. The brain remembers positive and negative information in two different hemispheres of the brain. Negative emotions generally require more thinking than positive information. My problem was, does the human brain remember sad events or happy events more? I was interested in this...
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...Goal Setting Long-Term Goal Today I am going to tell you about my long, medium, and short-term goals. All of those goals are different so they mean many different things. In ten years I would see myself in college because my education is important to me. No matter what is going on in my life I will always want to go to college so that people can be proud of me. What I will be doing is learning about the law so, most of the time I will be reading, writing, and math is used in the career that I would like to do. The career I will have is being a lawyer. The reason I want to be a lawyer is that I like to help people in hard situations. Choosing this goal is important to me because I want to be the person to say “ I made this person happy” and because I will be a hero for saving people in their needs. Other than money the career will give me a chance to see other people’s lives instead of just mine. What relationship that school does for m to help reach my goal is teaching me about being respectful, solving math problems, reading papers, and writing things out. This stuff is useful because we have to use all of these things in that career. Medium-Term Goal...
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...If you knew me, you would know that I am full of dreams and that I set high goals for myself. Those goals have lead me to where I am today by motivating me to do better each and every day to eventually achieve them. My short-term goals include: learning German, raising my ACT score and my grades, and being healthier. My long-term goals include: moving to Germany to raise my family, leave college debt-free, and being an amazing mom. All of my short-term goals correlate with my long term-goals because I feel like everything in a person's life causes the events that take place in the future one way or another. I really want to learn German because it has always been a dream of mine to visit Germany and eventually live and grow there with...
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...Understanding Business Research Terms & Concepts: Part 2 Scott Allen RES 351 08/18/2014 Kim Gravelle Understanding Business Research Terms & Concepts: Part 2 “The research design is the blueprint for fulfilling objectives and answering questions. Selecting a design may be complicated by the availability of a large variety of methods, techniques, procedures, protocols, and sampling plans. (Cooper & Schindler 2014 p. 82). Next, the details of the study must be positioned in place. For example, will the researcher use primary or secondary data, surveys, experiments, or a combination of methods. Next, what will be the types of questions will be posed, open-ended or closed? If surveys and questionnaires are used what type of a scale will be used to measure the results; a rating scale, semantic differential, or a Likert scale? Also, the researcher must decide on whether to do sampling or perform a census. It is easy to see that the design method is what pulls the entire research process together; if the research question is the foundation, then the design processes utilized are the walls used to support the process itself. Descriptive statistics is the analysis of data that helps to describe the data in such a way to give relevance or show patterns, much like a census does. The researcher presents the data in a meaningful way like in statistical or graph form making it simple to understand. A census is an examination of all components that make up a population...
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...Understanding Business Research Terms and Concepts: Part 1 RES/351 January 12, 2015 Amy Ginsburg Understanding Business Research Terms and Concepts: Part 1 The research designs of quantitative or qualitative are methodologies used to measure information that is collected through various means of questioning. In the peer reviewed research articles summarized below, each methodology is utilized to collect the required data in similar business problems. Quantitative is used to help understand the attitudes of the employees at a company in India, while the qualitative methodology is used to obtain an in-depth understanding of employee business awareness. In the research article entitled, “What makes employees stay?: Exploring the dimensions in context of urban-centric business process outsourcing industry in India”, the author attempts to show why the current employees of the company choose to stay, helping overall retention. The author explains that the approach being used to collect the data will consist of a questionnaire or survey, by a large group of employees. This questionnaire measured the employees’ attitudes towards the “importance of the factors responsible for their sustenance in the organization” (Santoshi, 2013). While a questionnaire would be utilized to aid in the main data analysis, a telephonic interview would also be incorporated to help substantiate the data gathered. During this questionnaire process, simple random sampling would be used to gather...
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...While Long-term memory is relatively permanent, there not specify duration for long-term memory it can be last a matter of days to decades. Memory is a complex process and six year old kids are elaborating a range of strategies to help them information. Is unbelievable to see the amount of information a person put into his memory and how much he or she must retrieve to perform all of life’s activities. Long term memory holds a vast among of information for long periods of time and that includes children personal memories and general experiences. There have being some misconception about long term memory, some people thing that when you remember the word you just read a few minutes ago, that you are putting in practice you long term memory,...
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...Understanding Business Research Terms and Concepts: Part 4 Que McMannis Res 351 03/17/2015 Mark Robinson Abstract The three most commonly used research instruments in quantitative research Studies include Questionnaire, Tests, and Surveys. Validity is the degree to which an instrument measure what it is purports to measure. Imprecise information collection can influence the outcome of a study and eventually lead to unacceptable results. Reliability is the internal consistency or stability of the measuring device over time (Gay, 1996). The collection data of Quantitative methods depend on random sampling and organized data collection instruments that fit different involvement into fixed response groups (www.mbaisherebyravali.com). An important aspect of the quantitative research design is the non-probability method. Through the non-probability method, there are many sampling designs such as convenience sampling, purposive sampling and model instance sampling (www.wilderdom.com). Listed below are two Quantitative strength approaches. The first quantitative strength approach is offering vivid data; for example, permitting us to take pictures of an employer population (www.library.pinpoint.com). Another strength is quantitative research have the ability to translate numbers and data in quantifying graphs and charts. (www.library.pinpoint.com) The first weakness of the quantitative approach is large samples are needed thus causing the study to be more expensive, time-...
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...Understanding Business Research Terms and Concepts: Par RES/351 2/1/2016 University of Phoenix Understanding Business Research Terms and Concepts: Part 1 How can we embrace understanding business research terms and concepts by comparing Lender evaluations of start-up business prospects and understanding the effect of a web-based tutorial on problem formulation ability by using qualitative and quantitative research designs? The business of rental cars can benefit from both quantitative and qualitative research designs by combining both designs for maximum effect. Lender evaluations of start-up business prospects The study was collected in 2003 and 2005 from the data bases in Finnvera, a state-owned financial institution. The data collected allows the qualitative ways authors can examine the information based on personal history and firm-specific characteristics of business prospects, and market position impact firm performance. The weakness of using the qualitative design for lender evaluations is the understanding parts of the data because it can be misunderstood because of personal opinions of the researchers. By using the quantitative design, the researchers can begin to explain the data results and come to a more itemized way of using the data. Lenders struggle with the data results as stated Iselin (1988), “Some studies state that inconsistency in previous findings could result from improper measurement of information loads as well as failure to rule...
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...Understanding Business Research Terms and Concepts: Part 1 RES/351 April 13, 2015 The methodology used in a business study depends on the type of business research being conducted. Business researchers utilize numerous approaches to obtain information and decipher data. Two popular approaches used in business research are the qualitative research approach and the quantitative research approach. Both of these approaches to business research can be beneficial or may cause inconclusive results because of unforeseen variables. Qualitative Approach The qualitative approach or interpretive research approach main purpose is to build a theory or gain an understanding of the issue that is researched (Cooper, 2014). Using the qualitative approach can require the researcher to have debt involved with the research process typically as a participant in the study (Cooper, 2014). The qualitative approach draws data are many sources such as; people, organizations and institutions, settings or environment, published text, objects, and events (Cooper, 2014). This approach has a small sample size (Cooper, 2014). This methodology has less planning; therefore, the results may vary (Cooper, 2014). Research studies using this method are not always consistent and may be modified during the study (Cooper, 2014). An advantage to the qualitative approach is the small sample sizes because of the small sizes; the time for data analysis can also be shortened (Cooper, 2014). According to Vaivio...
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...Understanding Business Research Terms and Concepts: Part 1 Business research is the key to understanding how to promote sales and increase company efficiency. It helps managers to be successful, and prepares them to make smart business decisions to help the business grow. Companies may choose from a variety of approaches to conduct their research. Both qualitative and quantitative research methods are reliable in aiding to achieve success. But, no matter the approach or method of research taken, there will always be key points to look out for when doing business research. Such as, the importance in learning what makes your product or service stand out against other competitors in the industry and how to market it in that manner to consumers. Brands and Consumer Behavior Marketing to the appropriate target is the goal in which to be achieved for almost every business. When a business puts its focus on the needs and wants of their proposed consumers, the chances of reaching that consumer is more likely. In this research, a questionnaire was developed to explore the correlation of brand image and brand equity with consumer purchase intention. Meenaghan (1995) defines brand image as product knowledge that enables consumers to identify a specific brand. Blackwell, Miniard, and Engel (2005) describe how brand image has both tangible and intangible associations for consumers. Bhat and Reddy (1998) define brand image as an information prompt. When it comes to brand equity;...
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...Qualitative data collection instruments try to throw an exact measurement of something, “In business research, quantitative methodologies usually measure consumer behavior, knowledge, opinions, or attitudes. Such methodologies answer questions related to how much, how often, how many, when, and who” (Cooper & Schindler, 2014), one main quantitative data collection instrument is survey which is considered a major among other ones because it throws exact measures of opinions and consumer behavior. The nature of sampling is “that by selecting some of the elements in a population, we may draw conclusions about the entire population” (Cooper & Schindler, 2014). Some examples of sampling methods available to researchers include: “Purposive sampling where Researchers choose participants arbitrarily for their unique characteristics or their experiences, attitudes, or perceptions; as conceptual or theoretical categories of participants develop during the interviewing process, researchers seek new participants to challenge emerging patterns, Snowball sampling where Participants refer researchers to others who have characteristics, experiences, or attitudes similar to or different from their own and finally Convenience sampling where Researchers select any readily available individuals as participants. Descriptive statistical methods are used to “display characteristics of the location, spread, and shape of a data array, it attempts to describe or define a subject ,often by creating...
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...Understanding Business Research Terms and Concepts: Part 2 Justin Wilson RES 351 Business Research 31 Mar 2015 Biman Ghosh Descriptive statistics is the term given to the analysis of data that helps describe, show or summarize data in a meaningful way such that, for example, patterns might emerge from the data. Descriptive statistics do not, however, allow us to make conclusions beyond the data we have analysed or reach conclusions regarding any hypotheses we might have made. They are simply a way to describe our data. Descriptive statistics are very important because if we simply presented our raw data it would be hard to visulize what the data was showing, especially if there was a lot of it. Descriptive statistics therefore enables us to present the data in a more meaningful way, which allows simpler interpretation of the data. For example, if we had the results of 100 pieces of students' coursework, we may be interested in the overall performance of those students. We would also be interested in the distribution or spread of the marks. Descriptive statistics allow us to do this. How to properly describe data through statistics and graphs is an important topic and discussed in other Laerd Statistics guides. Typically, there are two general types of statistic that are used to describe data: * Measures of central tendency: these are ways of describing the central position of a frequency distribution for a group of data. In this case, the frequency distribution...
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...Understanding Business Research Terms and Concepts: Part 1 RES/351 May 31, 2015 Understanding Business Research Terms and Concepts: Part 1 To comprehend business research specifications and hypotheses there must be an informative awareness of by what means to differentiate among qualitative and quantitative approaches of research. To set apart the research and utilize the qualitative approaches it provides the framework opposed to completely identifying with the results and findings that are found in quantitative approach. Clark (2010) “Engaging with qualitative research as a participant, respondent, subject, or informant is non-compulsory” (para. 2). The research captures what individuals allow to express in their own words and communicate his or her involvements and experiences profundity. Qualitative information offers the quality of genuine existence in addition to its differences; the data provides an insight partial to the rational and the emotional state that stimulates individuals to take action. To be concise, the quantitative approaches are reliable, standardized, logically acquiring to the point replications from numerous credible clients. Often clarifying sound and significant qualitative research strategies and quantitative research proposals taking part in particular organization circumstances it requires informative research types that could be dependable or conceptual. Informative research focuses on what is the motive and purpose. For instance...
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