Exploratory Research

Research Designs • Various methods to conduct research are called research designs. • Three Research designs:
– Exploratory research designs – Descriptive research designs – Causal research designs

• Each Research design has following components:
– Data collection method – Sampling method – Data analysis method
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Exploratory Research

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Purpose

• Exploratory research is conducted to
– Know possible causes and possible solutions to solve management problem – Crystallize a situation that is not well understood. – Provides guideline for deciding further steps in conducting research

• Often research starts with exploratory research
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Exploratory research designs

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Exploratory research designs

- Data collection methods -

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Data collection methods

Secondary data Focus Group Depth interview Observations Projective techniques

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Secondary Data

• Data already collected • Advantages:
– Quickly available – Economical

• Disadvantages:
– Can be outdated – Reliability

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Centre for monitoring Indian economy

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Indiastat.com

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Govt. sources- Central Statistical Organisation
Its activities include: • Statistical Abstract of India • Annual Survey of Industries Visit site http://mospi.nic.in

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Govt. sources- National sample survey
• Nation-wide, large-scale, continuous sample survey operation conducted in the form of successive rounds since 1950. • Conducts survey in demographic and socio-economic area. Visit site http://mospi.nic.in

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Govt. sources- Economic survey
• Ministry of finance and company affairs conducts economic survey before the budget. •