BRM Unit1
BRM Unit1
Unit 1
● Through methods like surveys and focus groups, research helps businesses
comprehend customer preferences and behaviors, leading to improved products and
services.
3. Identifying and Solving Problems
5. Competitive Advantage
● Research fosters innovation by uncovering unmet needs and emerging trends, guiding
the development of new products or services that meet market demands.
7. Risk Management
8. Resource Optimization
● Incorporating research findings into policy-making ensures that decisions are based
on empirical evidence, enhancing credibility and effectiveness.
Types of Research:
1. Basic Research: Explores fundamental principles without immediate commercial
objectives.
This definition underscores the pursuit of knowledge for its own sake, laying the
groundwork for future applied research and technological advancements.
🧪 Practical Example
A classic example of basic research is the study of atomic structures in physics. While
initially driven by curiosity about the nature of atoms, this research eventually led to
the development of various technologies, including nuclear energy and medical
imaging techniques.
In the business context, basic research might involve exploring consumer behavior
theories to understand decision-making processes. Although not immediately applied,
such research can inform future marketing strategies and product development.
By investing in basic research, organizations and societies can foster innovation and
long-term growth, even if the immediate benefits are not apparent.
Definition:
Descriptive research is a methodological approach that seeks to depict the
characteristics of a phenomenon or subject under investigation.
Practical Example:
A market research firm surveys consumers to determine the average amount spent on
groceries monthly, providing insights into spending habits.
Definition:
Applied research is a systematic and organized inquiry aimed at solving specific
real-world problems or improving existing practices, products, or services.
Practical Examples:
A company conducts applied research to develop a more efficient battery for electric
vehicles, aiming to enhance performance and reduce charging time.
Companies conduct applied research to evaluate new product ideas before launch.
This includes assessing packaging designs, product features, and consumer responses
to prototypes, ensuring that offerings align with market needs. appliedmr.com
Definition:
Analytical research involves collecting, analyzing, and interpreting data to draw
meaningful conclusions. It uses various methods depending on the research question.
Practical Example:
An economist analyzes data on employment rates and inflation to understand the
relationship between job growth and economic stability.
Definition:
Quantitative research means collecting and analyzing numerical data to describe
characteristics, find correlations, or test hypotheses.
Practical Example:
A pharmaceutical company conducts a randomized controlled trial to test the efficacy
of a new drug, using statistical analysis to interpret the results.
6. Qualitative Research
Definition:
Qualitative research is a type of research that explores and provides deeper insights
into real-world problems.
Key Characteristics:
● Emergent design.
● Data collection in natural settings.
● Researcher as key instrument.
● Inductive data analysis.
● Focus on participants' meanings.
Practical Example:
A study exploring how employees perceive organizational change through in-depth
interviews.
1. Healthcare
ML algorithms assist in disease diagnosis, drug discovery, and personalized treatment plans.
For instance, companies like Insitro utilize ML to analyze genetic data, accelerating the
development of treatments for conditions such as ALS and cancer. (Time)
2. Finance
Financial institutions employ ML for fraud detection, risk assessment, and personalized
banking services. Banks like JPMorgan Chase leverage ML to process vast datasets,
enhancing security and scalability in their operations. (Business Insider)
4. Manufacturing
In manufacturing, ML is applied for predictive maintenance, quality control, and supply
chain optimization. By analyzing real-time data from sensors and ERP systems,
manufacturers can make informed decisions to boost productivity and reduce waste.
(NetSuite)
7. Agriculture
ML aids in crop monitoring, yield prediction, and disease detection. By analyzing data from
sensors and satellites, farmers can make data-driven decisions to enhance productivity and
sustainability.
8. Education
Educational platforms incorporate ML to personalize learning experiences, assess student
performance, and recommend resources, thereby improving learning outcomes.(Coralogix)
9. Energy Sector
ML contributes to energy demand forecasting, grid management, and predictive maintenance
of infrastructure, facilitating efficient energy distribution and consumption.
5. Collect Data
Implement the chosen methods to gather data. Ensure ethical standards are maintained, such
as informed consent and confidentiality. For example, distribute questionnaires to a selected
sample of e-commerce customers.
6. Research Proposal.
A research proposal is a structured document that outlines the plan for a research project. It
serves multiple purposes: guiding the researcher's process, communicating the study's intent
to stakeholders, and seeking approval or funding.
Key Components of a Research Proposal
1. Title Page
The title should be concise yet descriptive, clearly indicating the study's focus. Include the
researcher's name, institutional affiliation, and date.
Example: "Analyzing the Impact of Digital Marketing Strategies on Consumer Behavior in
the Retail Sector."
2. Abstract
A brief summary (typically 150–250 words) that encapsulates the research problem,
objectives, methodology, and anticipated outcomes.
3. Introduction
This section introduces the research topic, providing background and context. It should
articulate the research problem, its significance, and the study's objectives.
Example: "With the rise of e-commerce, understanding how digital marketing influences
consumer purchasing decisions is vital for retailers aiming to enhance online sales."
4. Literature Review
A comprehensive review of existing research related to the topic. This section identifies gaps
in the current knowledge base that the proposed study aims to fill.
Example: "Previous studies have explored various digital marketing tools, but there is limited
research on their combined effect on consumer behavior in emerging markets."
5. Research Objectives and Questions
Clearly state the study's aims and formulate specific research questions or hypotheses.
Example Objectives:
o To assess the effectiveness of social media marketing on consumer
engagement.
o To evaluate the influence of email marketing campaigns on purchase
frequency.
Research Questions:
o How does social media advertising affect consumer brand perception?
o What is the relationship between personalized email marketing and customer
loyalty?
6. Methodology
Detail the research design, including data collection methods, sampling techniques, and
analysis strategies. Justify the chosen methods and discuss any limitations.
Example: "A mixed-method approach will be employed, combining quantitative surveys to
measure consumer responses and qualitative interviews to gain deeper insights into
purchasing motivations."
7. Expected Outcomes
Outline the anticipated findings and their potential implications for theory, practice, or policy.
Example: "The study is expected to reveal that integrated digital marketing strategies
significantly enhance consumer engagement and drive sales, providing actionable insights for
retail marketers."
8. Timeline
Provide a realistic schedule for each phase of the research, from literature review to data
analysis and reporting.
Example:
o Month 1–2: Literature review
o Month 3–4: Data collection
o Month 5: Data analysis
o Month 6: Report writing and submission
9. Budget
Estimate the financial resources required, including costs for materials, travel, data collection,
and analysis tools.
Example: "An estimated budget of $2,000 is required, covering survey distribution platforms,
transcription services, and data analysis software licenses."
10.References
List all sources cited in the proposal, following the appropriate academic referencing style
(e.g., APA, MLA).
Examples of APA (7th edition) references for different types of sources:
1. Book
Format:
Author, A. A. (Year). Title of the book: Subtitle if any. Publisher.
Example:
Jackson, L. M. (2019). The psychology of prejudice. American Psychological Association.
(APA Style)
2. Journal Article
Format:
Author, A. A., & Author, B. B. (Year). Title of the article. Title of the Journal, volume
number(issue number), page range. https://doi.org/xxx
Example:
Schmidt, F. L., & Oh, I.-S. (2016). The crisis of confidence in research findings in
psychology: Is lack of replication the real problem? Or is it something else? Archives of
Scientific Psychology, 4(1), 32–37. https://doi.org/10.1037/arc0000029
3. Website
Format:
Author, A. A. (Year, Month Day). Title of the webpage. Website Name. URL
Example:
Price, D. (2018, March 23). Laziness does not exist. Medium.
https://humanparts.medium.com/laziness-does-not-exist-3af27e312d01
5. In-text Citations
● Paraphrasing: (Author's Last Name, Year)(Columbia College)
Example: (Jackson, 2019)(Purdue OWL)
● Direct Quote: (Author's Last Name, Year, p. Page Number)(Penn State Libraries
Guides)
Example: (Jackson, 2019, p. 45)(APA Style)
Essentials for drafting a research proposal:
1. Clear Research Problem and Objectives
● Define the Research Problem: Clearly articulate the issue or gap your research aims
to address. This sets the foundation for your study.
● Establish Objectives: Outline specific, measurable, and achievable goals that your
research intends to accomplish.(Geography at Oxford)
5. Ethical Considerations
● Address Ethical Issues: Identify potential ethical concerns related to your research
and describe how you will address them.
● Ensure Compliance: Adhere to ethical guidelines and obtain necessary approvals
before commencing your study.
By carefully considering these points, you can craft a research proposal that is
well-organized, persuasive, and poised for success.
Evaluating a research proposal is a critical process that ensures the proposed study is
well-conceived, feasible, and capable of contributing valuable insights to the field. Here's a
comprehensive guide to assessing the quality and potential impact of a research proposal:
3. Literature Review
● Comprehensiveness: Check if the literature review covers relevant and up-to-date
sources, providing a solid foundation for the research.
● Identification of Gaps: Ensure the review highlights existing gaps that the proposed
study aims to address, justifying the need for the research.
4. Methodology
● Appropriateness: Assess whether the chosen research design and methods are suitable
for addressing the research questions.
● Feasibility: Evaluate the practicality of the methodology, considering available
resources, time constraints, and access to data or participants.
● Ethical Considerations: Ensure that the proposal addresses ethical issues and includes
plans for obtaining necessary approvals.
Conclusion
A thorough evaluation of a research proposal involves assessing its clarity, significance,
methodology, feasibility, and the qualifications of the researcher(s). By systematically
reviewing these aspects, evaluators can determine the potential value and impact of the
proposed study, ensuring that resources are allocated to research endeavors that are both
meaningful and achievable.