assignment of rmrp
TRANSCRIPT
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SAP Assignment
Research methods and Report preparation
Submitted to: Submitted by
Dr. Anita Kumar Abhishek Tyagi
AIBS
MBA-IB
A1802011116
Section - G
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Research is a process of finding answers to a question, to a phenomena, to explain a phenomena
both scientific and social phenomena. It is a process of finding facts in any field of life.
This essay will try to explain the importance of research and research methodology employed in
research both for public administration and private companies.
Let of us first talk about the significance of research. Research helps both government and
private companies to make their operations more efficient.
Governments have many responsibilities in running the country. These responsibilities include
social responsibility to look after the people who need governments support to live their life
with dignity, to meet their daily needs. Government also formulates economic policies that are
very crucial for any country. Government formulate budget of the country which describes its
revenues and spending for the coming year. Government estimates her spending after carrying
out research every year.
It allocates spending on health care after carrying out research that determine how many people
will need government support for meeting their medical needs, it carry out research to determine
the amount of subsidies government have to dole out to economically weak people be it on fuel,
food, health care, housing etc.
Government also carries out social research. Social research is carried out to determine
population structure in a country. To determine the percentage of people in different age profile
to know the amount of labor force in the country, number of people between 0-15years and
number of people in old age categories and thereby formulating policy on number of jobs will be
needed to be created for its workforce, to determine the amount of public and private investment
will be required to achieve such goals, to formulate policy for the old age people to whom
government has to provide social benefits like pensions, subsidized health care etc. Government
carries out research to determine the human development parameters in a country to know how
much development has been achieved and how much needs to be done.
Governments also carry out research in manufacturing sector and industrial sector to find out the
growth in these sectors and future prospect in these sectors. It helps administration to formulate
the energy needs of the country like how many power plants will be required to match the energy
needs of the country, to determine investment that will be required in infrastructure like building
roads, ports, railway line etc.cc
Government carries out research to get an estimate of how much revenue it can generate, what
are the different ways in which it can generate revenues, how to increase its revenue, how it can
plug the loop holes in its revenue generation, how it can make its revenue generation process
more efficient and thereby allocate its resources in its spending. Public administrations also carry
out research to find out the amount of natural resources in the country and how to maximize the
usage of its natural resources in a sustainable manner.
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Now let us talk about private companies and business. Research has special significance for
private companies.
The two important type of research that private companies carry out are operational research and
market research. Market research finds answers about the structure of the market, the
development of the market, growth of the market, preferences of the customers in the market.Through market research private companies can get an estimate of the demand in the market and
can forecast the future demand in the market, which helps them to prepare for the future demand
in the market like optimal purchase of raw materials and production of goods. Through market
research they can also determine the needs and preferences of the customers and then they could
align their product according to customer needs and preferences. By forecasting the future
demand in the market, growth of the market and their market share, they can estimate how much
investment will be required in coming years.
The operational research deals with finding solutions to the business problems by applying
mathematical, logical and analytical tools. This type of research helps companies to make theiroperations more efficient, that is to reduce their operation cost while still maintaining their
product quality or improving the quality of their product. In this type of research the main
objective is to find solution of how the cost of production can be reduced or profit maximization
can be achieved.
In the above paragraph we have discussed the importance of research both for private
companies and public administration.
Now we will discuss the importance research methods and research methodology in the research.
Let us first distinguish research methods and research methodology. Research methods are all the
methods, tools and technique which are used during the conduction of the research. Research
methodology is the way of systematically solving research problem. Research methodology
involves various steps that are taken during the course of the research and the why the following
steps are taken. The researcher should not only know the various research methods, tools and
techniques but should also know when these methods are to be employed, in what order these
methods are to be used. Basically research methodology involves preparation of the research
design which involves the various steps, various research methods, along with explanation on
why particular research method was used.
As discussed above we know that research methods are the techniques, tools which are used
during the conduction of the research. The research method include techniques and tools which
are used during collection of data, statistical techniques and tools used for analyses of data and
forming relationship between the data and other variables, various test which are used to
determine the validity of the results, accuracy of the results.
The research methods that are used during the research are critical for the accuracy of the report.
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Collection of data is the important step during the conduction of the research as no research can
progress unless there is a relevant data. The primary data which is collected by the researcher is
the important part of the research. First the researcher has to determine what will be appropriate
sample size so that research is applicable to all population. Then researcher has to decide how
the data will be collected. There are different ways of collecting the data like surveys,
questionnaire, observations, and interviews. The researcher must know which technique he or
she should use as different type of research requires different tools to collect data. Researcher
must decide which method he is going to employ to collect data according to the accuracy
desired, available time and financial resources.
After the data has been collected it must be analyzed. The raw data which is collected is
tabulated by different methods. After tabulation data is analyzed. There are different methods of
analyzing the data like mean, median, mode, variance and standard deviation. Standard deviation
is the important tool in analyses of data.
Now that the data is analyzed it is subjected to various tests like t-test, z-test, F-test etc. these testdetermine the accuracy of the research. The results of these tests tell the researcher whether the
hypothesis he made during the starting of research should be accepted or rejected thereby
enabling the researcher to interpret the findings of the research.
From the above paragraphs it is clear that research methods helps researcher to collect the data,
analyze the data and test the accuracy of the data.
Hence it is quite significant for the researcher to decide which tools and methods they want to
use during their research. They must weigh the pros and cons of the research methods they are
using in their research as these methods will determine the accuracy of their data, their analysesof data and also the accuracy of their research. By using different research methods findings of
the research will vary, hence researcher must explain why a particular method was employed
during the research.