DEPARTMENT OF COMMERCE,

UNIVERSITY OF MUMBAI,

Vidyanagari, Kalina Campus,

Santacruz (East),

Mumbai -400 098.

A PROJECT

ON

“RESEARCH METHODOLOGY”

In The subject of

RESEARCH METHODOLOGY IN COMMERCESUBMITTED

TO

UNIVERSITY OF MUMBAI

FOR SEMESTER –III

OF

MASTER OF COMMERCEBY

KHAN SANA

Roll No. 24

Specialization: BANKING AND FINANCE

UNDER THE GUIDANCE OF

DR. VIVEK DEOLANKAR

ASSOCIATE PROFESSOR AND HEAD,

DEPARTMENT OF COMMERCE,

UNIVERSITY OF MUMBAI.

YEAR - 2013– 14

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DECLARATION BY THE STUDENT

I, Kumari: KHAN SANA AKBAR ALI, student of M. Com. Part-II Roll Number: 24,

At the Department of Commerce, University of Mumbai hereby declares that the project titled,

“RESEARCH METHODOLOGY.”

Submitted by me in the subject of RESEARCH METHODOLOGY IN COMMERCE for

Semester –III during the academic year 2014- 15, is based on actual work carried out by me

under the guidance and supervision of Dr. VIVEK DEOLANKAR.

I further state that this work is original and not submitted anywhere else for any other

examination.

Date:

Place:

Signature of Student

EVALUATION OF CIRTIFICATE

This is to certify that the undersigned have assessed and evaluated the project on “RESEARCH

METHODOLOGY”.

In the subject of RESEARCH METHODOLOGY IN COMMERCE. Submitted by Kumari:

KHAN SANA AKBAR ALI, student of M. Com. Part-II at the Department of Commerce,

University of Mumbai for Semester –III during the academic year 2014-15.

This project is original to the best of our knowledge and has been accepted for Internal

Assessment.

Internal Examiner External Examiner Director

Dr V. Deolankar

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Internal Assessment: Project 40 marks.

Name of the Student Class RollNumber.

First name : SANA

Father’s Name: AKBAR ALI

Surname : KHAN

M. COM. PART 2

(SEM- III) 24

Subject: RESEARCH METHODOLOGY IN COMMERCE

Topic for the Project: “RESEARCH METHODOLOGY”

Marks Awarded Signature

DOCUMENTATIONInternal Examiner(Out of 10 Marks)

External Examiner(Out of 10 Marks)

Presentation(Out of 10 Marks)

Viva and Interaction(Out of 10 Marks)

TOTAL MARKS (Out of 40)

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CONTENTS

SL.N0. PARTICULARS PAGE NO.

CHAPTER 1 - INTRODUCTIONI Meaning of research methodology 5

CHAPTER 2 – RESEARCH METHODOLOGY2.1 Research methodology 10

CHAPTER 3 – UNDERSTANDING OF CONCEPT3.1 Stages in scientific research process 11

CHAPTER 4 – SUMMARY OF THE STUDY4.1 Procedure for selecting a mobile phone from research

methodology point of view

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CHAPTER 5 – APPENDICES5.1 REFERENCES 33

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CHAPTER 1-INTRODUCTION

I. WHAT IS MEANING OF RESEARCH METHODOLOGY?

MEANING OF RESEARCH:

Research in common parlance refers to a search for knowledge. One can also define research as a scientific and systematic search for pertinent information on a specific topic. RESEARCH IS AN ART OF SCIENTIFIC INVESTIGATION. REDMAN AND MARY DEFINE RESEARCH AS ‘A SYSTEMATIZED EFFORT TO GAIN NEW KNOWLEDGE’. It is a movement from the known to the unknown.

According to Clifford Woody research comprises defining and redefining problems, formulating hypothesis or suggested solutions; collecting, organizing and evaluating data; making deductions and reaching conclusions; and at last carefully testing the conclusions to determine whether they fit the formulating hypothesis.

Definition: Slesinger and Stephenson-The manipulation of things, concepts or symbols for the purpose of generalizing to extend, correct or verify knowledge, whether that knowledge aids in construction of theory or in the practice of an art.

The systematic approach concerning generalization and the formulation of a theory is also research. As such the term ‘research’ refers to the systematic method consisting of enunciating the problem, formulating a hypothesis, collecting the facts or data, analyzing the facts and reaching certain conclusions either in the form of solutions towards the concerned problem or in certain generalizations for some theoretical information.

Research is an organized endeavor like any other organized work. Research is a process that is, involves a number of activities which are carried out either sequently or simultaneously. There are various stages of research.

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RESEARCH IS:-

An original contribution to the existing stock of knowledge, making for its advancement.

The pursuit of truth with the help of study, observation, comparison and experiment.

The search for knowledge through objective and systematic method of finding solution to a problem.

The systematic approach concerning generalization and the formulation of a theory.

TYPES OF RESEARCH

Research is broadly classified into two main classes:

1. Fundamental or basic research2. Applied research

A. Basic Research

Basic research is an investigation on basic principles and reasons for occurrence of a particular event or process or phenomenon. It is also called theoretical research. Study or investigation of some natural phenomenon or relating to pure science is termed as basic research. Basic researches sometimes may not lead to immediate use or application. It is not concerned with solving any practical problems of immediate interest. But it is original or basic in character. It provides a systematic and deep insight into a problem and facilitates extraction of scientific and logical explanation and conclusion on it. It helps build new frontiers of knowledge. The outcomes of basic research form the basis for many applied research. Researchers working on applied research have to make use of the outcomes of basic research and explore the utility of them. Research on improving a theory or a method is also referred as fundamental research. For example, suppose a theory is applicable to a system provided the system satisfies certain specific conditions. Modifying the theory to apply it to a general situation is a basic research.

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Fundamental research leads to a new theory or a new property of matter or even the existence of a new matter, the knowledge of which has not been known or reported earlier.

B. Applied Research

In an applied research one solves certain problems employing well known and accepted theories and principles. Most of the experimental research, case studies and inter-disciplinary research are essentially applied research. Applied research is helpful for basic research. A research, the outcome of which has immediate application is also termed as applied research. Such a research is of practical use to current activity. For example, researches on social problems have immediate use. Applied research is concerned with actual life research such as research on increasing efficiency of a machine, increasing gain factor of production of a material, pollution control, preparing vaccination for a disease, etc. Obviously, they have immediate potential applications. Thus, the central aim of applied research is to find a solution for a practical problem which warrants solution for immediate use, whereas basic research is directed towards finding information that has broad base of applications and thus add new information to the already existing scientific knowledge.

C. Quantitative and Qualitative Methods

Quantitative can be further sub-classified into inferential, experimental and simulation approaches to research.

Qualitative is concerned with subjective assessment of attitudes, opinions and behavior.

The basic and applied researches can be quantitative or qualitative or even both. Quantitative research is based on the measurement of quantity or amount. Here a process is expressed or described in terms of one or more quantities. The result of this research is essentially a number or a set of numbers. Some of the characteristics of qualitative research/ method are:

o It is numerical, non-descriptive, applies statistics or mathematics and uses numbers.

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o It is an iterative process whereby evidence is evaluated.o The results are often presented in tables and graphs.\o It is conclusive.o It investigates the what, where and when of decision making.

Statistics is the most widely used branch of mathematics in quantitative research. It finds applications not only in physical sciences but also in economics, social sciences and biology.Quantitative research using statistical methods often begins with the collection of data based on a theory or hypothesis or experiment followed by the application of descriptive or inferential statistical methods. Qualitative research is concerned with qualitative phenomenon involving quality. Some of the characteristics of qualitative research/method are:

• It is non-numerical, descriptive, applies reasoning and uses words.• Its aim is to get the meaning, feeling and describe the situation.• Qualitative data cannot be graphed.• It is exploratory.• It investigates the why and how of decision making.

In fact, qualitative methods can be used to understand the meaning of the numbers obtained by quantitative methods.

SIGNIFICANCE OF RESEARCH

Research inculcates scientific and inductive thinking and it promotes the development of logical habits of thinking and organization.

The role of research in several fields of applied economics, whether related to business or to the economy as a whole, has greatly increased in modern times. Used in solving operational problems. Provides the basis for nearly all Government policies in our economic system.

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METHODOLOGY:

Methodology is the systematic, theoretical analysis of the methods applied to a field of study. It comprises the theoretical analysis of the body of methods and principles associated with a branch of knowledge. Typically, it encompasses concepts such as paradigm, theoretical model, phases and quantitative or qualitative techniques.

A methodology does not set out to provide solutions - it is, therefore, not the same thing as a method. Instead, it offers the theoretical underpinning for understanding which method, set of methods or so called “best practices” can be applied to specific case, for example, to calculate a specific result. It has been defined also as follows:

"The analysis of the principles of methods, rules, and postulates employed by a discipline".

"The systematic study of methods that are, can be, or have been applied within a discipline".

"The study or description of methods".

Illustrate: - Methodology is the method you used to do something. Say for example you had to do a research project as a college assignment, you would plan out what you were going to do then do it (questionnaires etc.) then analyses your data and write up your results. When you came to write your methodology, you would include all the tasks you needed to do to get your results and the reasons why you chose to obtain your data in the way that you did.

RESEARCH METHODOLOGY is a systematic way to solve a problem. It is a science of studying how research is to be carried out. Essentially, the procedures by which researchers go about their work of describing, explaining and predicting phenomena are called research methodology. It is also defined as the study of methods by which knowledge is gained. Its aim is to give the work plan of research

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CHAPTER 2 – RESEARCH METHODOLOGY

The information I had taken is from primary and secondary sources.ILLUSTRATE: I visited various websites and some notes of research and methodology

Basically the purpose of the research, expressed in measurable terms; the definition of what the research should accomplish.

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CHAPTER 3 – UNDERSTANDING OF CONCEPT

3.1) DETAILED EXPLANATION ON STAGES IN SCIENTIFIC RESEARCH PROCESS:-

The various stages of the research process are briefly as follows:

a. Identifying and selection research processb. Formulation of research problemc. Review of literatured. Formulation of hypothesise. Formulation of research designf. Sample designg. Data collection h. Data analysisi. Hypothesis of testing and interpretation of dataj. Preparation of research reportk. Follow up of the report

RESEARCH PROCESS

Before embarking on the details of research methodology and techniques, it seems appropriate to present a brief overview of the research process. Research process consists of series of actions or steps necessary to effectively carry out research and the desired sequencing of these steps.

But such activities overlap continuously rather than following a strictly prescribed sequence. At times, the first step determines the nature of the last step to be undertaken. If subsequent procedures have not been taken into account in the early stages, serious difficulties may arise which may even prevent the completion of the study. One should remember that the various steps involved in a research process are not mutually exclusive; nor are they separate and distinct.

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They do not necessarily follow each other in any specific order and the researcher has to be constantly anticipating at each step in the research process the requirements of the subsequent steps. However, the following order concerning various steps provides a useful procedural guideline regarding the research process:

A brief description of the above stated steps will be helpful.

a. Identifying and selection research process:-

All research began with the question. Intellectual curiosity is often the foundation for scholarly inquiry. The first and the foremost step in the research process consist of problems or opportunity identification. It is rightly said that “a problem define is half solve”.It is upon the objective, the research problem could be any of the following 3 areas:

1. Exploratory: for gathering preliminary information that may help in defining the problem and suggestion hypothesis. The major emphasis of exploratory research is on a discovery of ideas. The idea is to clarify concepts and subsequently make more extensive research on them.

2. Descriptive: it may describe things such as market potential for the product for the demographic and attitude of the customer who buys the product.

3. Casul: to test the hypothesis about cost and effect relationship.

The steps involves in defining the problem are: 1. Statement of the problem in a general way2. Understanding the nature of the problem.3. Surveying the available literature.4. Developing the idea through discussion.5. Rephrasing the research problem in to a working preposition.

In essence the proper formulation of research problem starting with objective would enable a researcher to go ahead in the proper direction.

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b. Formulating the research problem:

There are two types of research problems, viz., those which relate to states of nature and those which relate to relationships between variables. At the very outset the researcher must single out the problem he wants to study, i.e., he must decide the general area of interest or aspect of a subject-matter that he would like to inquire into. Initially the problem may be stated in a broad general way and then the ambiguities, if any, relating to the problem be resolved. Then, the feasibility of a particular solution has to be considered before a working formulation of the problem can be set up. The formulation of a general topic into a specific research problem, thus, constitutes the first step in a scientific enquiry. Essentially two steps are involved in formulating the research problem, viz., understanding the problem thoroughly, and rephrasing the same into meaningful terms from an analytical point of view.

The best way of understanding the problem is to discuss it with one’s own colleagues or with those having some expertise in the matter. In an academic institution the researcher can seek the help from a guide who is usually an experienced man and has several research problems in mind. Often, the guide puts forth the problem in general terms and it is up to the researcher to narrow it down and phrase the problem in operational terms. In private business units or in governmental organizations, the problem is usually earmarked by the administrative agencies with which the researcher can discuss as to how the problem originally came about and what considerations are involved in its possible solutions.

The researcher must at the same time examine all available literature to get himself acquainted with the selected problem. He may review two types of literature—the conceptual literature concerning the concepts and theories, and the empirical literature consisting of studies made earlier which are similar to the one proposed. The basic outcome of this review will be the knowledge as to what data and other materials are available for operational purposes which will enable the researcher to specify his own research problem in a meaningful context. After this the researcher rephrases the problem into analytical or operational terms i.e., to put the

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Problem in as specific terms as possible. This task of formulating, or defining, a research problem is a step of greatest importance in the entire research process. The problem to be investigated must be defined unambiguously for that will help discriminating relevant data from irrelevant ones. Care must; however, be taken to verify the objectivity and validity of the background facts concerning the problem. Professor W.A. Neiswanger correctly states that the statement of the objective is of basic importance because it determines the data which are to be collected, the characteristics of the data which are relevant, relations which are to be explored, the choice of techniques to be used in these explorations and the form of the final report. If there are certain pertinent terms, the same should be clearly defined along with the task of formulating the problem. In fact, formulation of the problem often follows a sequential pattern where a number of formulations are set up, each formulation more specific than the preceding one, each one phrased in more analytical terms, and each more realistic in terms of the available data and resources.

c. Review of literature :

Once the problem is formulated, a brief summary of it should be written down. It is compulsory for a research worker writing a thesis for a Ph.D. degree to write a synopsis of the topic and submit it to the necessary Committee or the Research Board for approval. At this juncture the researcher should undertake extensive literature survey connected with the problem. For this purpose, the abstracting and indexing journals and published or unpublished bibliographies are the first place to go to. Academic journals, conference proceedings, government reports, books etc., must be tapped depending on the nature of the problem. In this process, it should be remembered that one source will lead to another. The earlier studies, if any, which are similar to the study in hand, should be carefully studied. A good library will be a great help to the researcher at this stage.

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d. formulation of hypothesis:

After extensive literature survey, researcher should state in clear terms the working hypothesis or hypotheses. Working hypothesis is tentative assumption made in order to draw out and test its logical or empirical consequences. As such the manner in which research hypotheses are developed is particularly important since they provide the focal point for research. They also affect the manner in which tests must be conducted in the analysis of data and indirectly the quality of data which is required for the analysis. In most types of research, the development of working hypothesis plays an important role. Hypothesis should be very specific and limited to the piece of research in hand because it has to be tested. The role of the hypothesis is to guide the researcher by delimiting the area of research and to keep him on the right track. It sharpens his thinking and focuses attention on the more important facets of the problem. It also indicates the type of data required and the type of methods of data analysis to be used. How does one go about developing working hypotheses? The answer is by using the following approach:

Discussions with colleagues and experts about the problem, its origin and the objectives in seeking a solution,

Examination of data and records, if available, concerning the problem for possible trends, peculiarities and other clues,

Review of similar studies in the area or of the studies on similar problems; and

Exploratory personal investigation which involves original field interviews on a limited scale with interested parties and individuals with a view to secure greater insight into the practical aspects of the problem. Thus, working hypotheses arise as a result of a-priori thinking about the subject, examination of the available data and material including related studies and the counsel of experts and interested parties. Working hypotheses are more useful when stated in precise and clearly defined terms. It may as well be remembered that occasionally we may encounter a problem where we do not need working hypotheses, especially in the case of exploratory or formative researches which do not aim at testing

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The hypothesis. But as a general rule, specification of working hypotheses in another basic step of the research process in most research problems.

A hypothesis is a statement that can be reputed or supported by empirical data. Eg. An exploratory study can lead to hypothesis that male dominated unions discriminate again women who want to enter the trades.(Eg. Taxi drivers union is not very much in favour of women taxi drivers entering the trade.)In the basic research, theory is the guide that helps to generate the hypothesis. Once the hypothesis has been developing, researcher are ready to select the research design.

e. Formulation of research design:

Research design is a master plan specifying the methods and procedure for collection and analyzing the need information. It is a framework or blueprint that plan action for the research project. The objective of the studying determine during the early stages of the research are included in the design to ensure the information collected is appropriate for solving the problem. The research investigation/research must also specify the sources of information. The research method or technique (survey or experiment). The sampling methodology and the schedule and the cost of the research.

The research problem having been formulated in clear cut terms, the researcher will be required to prepare a research design, i.e., he will have to state the conceptual structure within which research would be conducted. The preparation of such a design facilitates research to be as efficient as possible yielding maximal information. In other words, the function of research design is to provide for the collection of relevant evidence with minimal expenditure of effort, time and money.

A flexible research design which provides opportunity for considering many different aspects of a problem is considered appropriate if the purpose of the research study is that of exploration. But when the purpose

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Happens to be an accurate description of a situation or of an association between variables, the suitable design will be one that minimizes bias and maximizes the reliability of the data collected and analyzed.

There are several research designs, such as, experimental and non-experimental hypothesis testing. Experimental designs can be either informal designs (such as before-and-after without control, after-only with control, before-and-after with control) or formal designs (such as completely randomized design, randomized block design, Latin square design, simple and complex factorial designs), out of which the researcher must select one for his own project.

The preparation of the research design, appropriate for a particular research problem, involves usually the consideration of the following:

The means of obtaining the information; The availability and skills of the researcher and his staff (if any); Explanation of the way in which selected means of obtaining information

will be organized and the reasoning leading to the selection; The time available for research; and The cost factor relating to research, i.e., the finance available for the

purpose.

f. Sample design:

The procedure and mechanism that collectively constitute the method of sample selection are known as the sample design. In its simplest, a sample design is a sampling frame (the list of units from which the sample will be selected), with a specification of procedures to sample from the frame in scientific study, the procedure are usually objective, with units chosen by a chance mechanism rather than by subject selection. Thus, if the same sample design is applied repeatedly, it is likely that different units will be sampled each time due to chance.

All the items under consideration in any field of inquiry constitute a ‘universe’ or ‘population’. A complete enumeration of all the items in the ‘population’ is known as a census inquiry. It can be presumed that in

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such an inquiry when all the items are covered no element of chance is left and highest accuracy is obtained. But in practice this may not be true. Even the slightest element of bias in such an inquiry will get larger and larger as the number of observations increases. Moreover, there is no way of checking the element of bias or its extent except through a resurvey or use of sample checks. Besides, this type of inquiry involves a great deal of time, money and energy. Not only this, census inquiry is not possible in practice under many circumstances. For instance, blood testing is done only on sample basis. Hence, quite often we select only a few items from the universe for our study purposes. The items so selected constitute what is technically called a sample. The researcher must decide the way of selecting a sample or what is popularly known as the sample design. In other words, a sample design is a definite plan determined before any data are actually collected for obtaining a sample from a given population. Thus, the plan to select 12 of a city’s 200 drugstores in a certain way constitutes a sample design. Samples can be either probability samples or non-probability samples. With probability samples each element has a known probability of being included in the sample but the non-probability samples do not allow the researcher to determine this probability. Probability samples are those based on simple random sampling, systematic sampling, stratified sampling, cluster/area sampling whereas non-probability samples are those based on convenience sampling, judgement sampling and quota sampling techniques. A brief mention of the important sample designs is as follows:

Deliberate sampling: Deliberate sampling is also known as purposive or non-probability sampling. This sampling method involves purposive or deliberate selection of particular units of the universe for constituting a sample which represents the universe. When population elements are selected for inclusion in the sample based on the ease of access, it can be called convenience sampling. If a researcher wishes to secure data from, say, gasoline buyers, he may select a fixed number of petrol stations and may conduct interviews at these stations.

This would be an example of convenience sample of gasoline buyers. At times such a procedure may give very biased results particularly when the population is not homogeneous. On the other hand, in judgement sampling the researcher’s judgement is used for selecting items which he

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considers as representative of the population. For example, a judgement sample of college students might be taken to secure reactions to a new method of teaching. Judgement sampling is used quite frequently in qualitative research where the desire happens to be to develop hypotheses rather than to generalize to larger populations.

Simple random sampling: This type of sampling is also known as chance sampling or probability sampling where each and every item in the population has an equal chance of inclusion in the sample and each one of the possible samples, in case of finite universe, has the same probability of being selected. For example, if we have to select a sample of 300 items from a universe of 15,000 items, then we can put the names or numbers of all the 15,000 items on slips of paper and conduct a lottery. Using the random number tables is another method of random sampling. To select the sample, each item is assigned a number from 1 to 15,000. Then, 300 five digits random numbers are selected from the table. To do this we select some random starting point and then a systematic pattern is used in proceeding through the table. We might start in the 4th row, second column and proceed down the column to the bottom of the table and then move to the top of the next column to the right. When a number exceeds the limit of the numbers in the frame, in our case over 15,000, it is simply passed over and the next number selected that does fall within the relevant range. Since the numbers were placed in the table in a completely random fashion, the resulting sample is random. This procedure gives each item an equal probability of being selected. In case of infinite population, the selection of each item in a random sample is controlled by the same probability and that successive selections are independent of one another.

Systematic sampling: In some instances the most practical way of sampling is to select every 15th name on a list, every 10th house on one side of a street and so on. Sampling of this type is known as systematic sampling. An element of randomness is usually introduced into this kind of sampling by using random numbers to pick up the unit with which to start. This procedure is useful when sampling frame is available in the form of a list. In such a design the selection process starts by picking

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some random point in the list and then every nth element is selected until the desired number is secured.

g. Data collection:

In dealing with any real life problem it is often found that data at hand are inadequate, and hence, it becomes necessary to collect data that are appropriate. There are several ways of collecting the appropriate data which differ considerably in context of money costs, time and other resources at the disposal of the researcher. Primary data can be collected either through experiment or through survey. If the researcher conducts an experiment, he observes some quantitative measurements, or the data, with the help of which he examines the truth contained in his hypothesis. But in the case of a survey, data can be collected by any one or more of the following ways:

(i) By observation: This method implies the collection of information by way of investigator’s own observation, without interviewing the respondents. The information obtained relates to what is currently happening and is not complicated by either the past behavior or future intentions or attitudes of respondents. This method is no doubt an expensive method and the information provided by this method is also very limited. As such this method is not suitable in inquiries where large samples are concerned.

(ii) Through personal interview: The investigator follows a rigid procedure and seeks answers to a set of pre-conceived questions through personal interviews. This method of collecting data is usually carried out in a structured way where output depends upon the ability of the interviewer to a large extent.

(iii) Through telephone interviews: This method of collecting information involves contacting the respondents on telephone itself. This is not a very widely used method but it plays an important role in industrial surveys in

developed regions, particularly, when the survey has to be accomplished in a very limited time.

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By mailing of questionnaires: The researcher and the respondents do come in contact with each other if this method of survey is adopted. Questionnaires are mailed to the respondents with a request to return after completing the same. It is the most extensively used method in various economic and business surveys. Before applying this method, usually a Pilot Study for testing the questionnaire is conduced this reveals the weaknesses, if any, of the questionnaire. Questionnaire to be used must be prepared very carefully so that it may prove to be effective in collecting the relevant information.

Through schedules: Under this method the enumerators are appointed and given training. They are provided with schedules containing relevant questions. These enumerators go to respondents with these schedules. Data are collected by filling up the schedules by enumerators on the basis of replies given by respondents. Much depends upon the capability of enumerators so far as this method is concerned. Some occasional field checks on the work of the enumerators may ensure sincere work.

The researcher should select one of these methods of collecting the data taking into consideration the nature of investigation, objective and scope of the inquiry, financial resources, available time and the desired degree of accuracy. Though he should pay attention to all these factors but much depends upon the ability and experience of the researcher. In this context Dr A.L. Bowley very aptly remarks that in collection of statistical data commonsense is the chief requisite and experiences the chief teacher.

h. Data analysis:

After the data have been collected, the researcher turns to the task of analyzing them. The analysis of data requires a number of closely related operations such as establishment of categories, the application of these categories to raw data through coding, tabulation and then drawing statistical inferences. The unwieldy data should necessarily be condensed into a few manageable groups and tables for further analysis. Thus, researcher should classify the raw data into some purposeful and usable categories. Coding operation is usually done at this stage through which the categories of data are transformed into symbols that may be tabulated

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and counted. Editing is the procedure that improves the quality of the data for coding. With coding the stage is ready for tabulation. Tabulation is a part of the technical procedure wherein the classified data are put in the form of tables. The mechanical devices can be made use of at this juncture. A great deal of data, especially in large inquiries, is tabulated by computers. Computers not only save time but also make it possible to study large number of variables affecting a problem simultaneously. Analysis work after tabulation is generally based on the computation of various percentages, coefficients, etc., by applying various well defined statistical formulae. In the process of analysis, relationships or differences supporting or conflicting with original or new hypotheses should be subjected to tests of significance to determine with what validity data can be said to indicate any conclusion(s).For instance, if there are two samples of weekly wages, each sample being drawn from factories in different parts of the same city, giving two different mean values, then our problem may be whether the two mean values are significantly different or the difference is just a matter of chance. Through the use of statistical tests we can establish whether such a difference is a real one or is the result of random fluctuations.

If the difference happens to be real, the inference will be that the two samples come from different universes and if the difference is due to chance, the conclusion would be that the two samples belong to the same universe.

Similarly, the technique of analysis of variance can help us in analyzing whether three or more varieties of seeds grown on certain fields yield significantly different results or not. In brief, the researcher can analyze the collected data with the help of various statistical measures.

i. Hypothesis of testing and interpretation of data:

Hypothesis and interpretation are the concept which plays a very significant role in the study of research methodology.A hypothesis is an assumption about relations between variables. A variable is any thing that keeps on changing or can be changed.

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Webster ha define hypothesis as,” a tentative assumption mode in order to draw out and test its logical or empirical conclusions.Eg of hypothesis:-a. Job satisfaction decreases as working hours increases.b. Profits arise from the dynamic nature of the procedure.c. Educated women have more adjustment problem after marriage than

illiterate women.

Research process is a disciplines process for relating theory and data. A theory states those things are related in a particular way. The evidence collected by the research process is called data.

Dates are records of events. Date cannot be collected without hypothesis or without any theory about the answer to the question. Theories alone are unsatisfactory because they are empowered and untested. Hypothesis therefore precedes theory.

The end result of the research is neither theory nor hypothesis, but knowledge research provides answers to empirical question as a result of evidence having been collected and evaluated.

The challenge of the research process is to relate theory and research though interpretation, evaluating the date and verification. This is why it is said that research is a means to an end and that it is a continuous process.

After analyzing the data as stated above, the researcher is in a position to test the hypotheses, if any, he had formulated earlier. Do the facts support the hypotheses or they happen to be contrary. This is the usual question which should be answered while testing hypotheses. Various tests, such as Chi square test, t-test, F-test, have been developed by statisticians for the purpose. The hypotheses may be tested through the use of one or more of such tests, depending upon the nature and object of research inquiry. Hypothesis-testing will result in either accepting the hypothesis or in rejecting it. If the researcher had no hypotheses to start with, generalizations established on the basis of data may be stated as hypotheses to be tested by subsequent researches in times to come.

Generalizations and interpretation:

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If a hypothesis is tested and upheld several times, it may be possible for the researcher to arrive at generalization, i.e., to build a theory. As a matter of fact, the real value of research lies in its ability to arrive at certain generalizations. If the researcher had no hypothesis to start with, he might seek to explain his findings on the basis of some theory. It is known as interpretation. The process of interpretation may quite often trigger off new questions which in turn may lead to further researches.

j. Preparation of research report:

Finally, the researcher has to prepare the report of what has been done by him. Writing of report must be done with great care keeping in view the following:

The layout of the report should be as follows:

a. The preliminary pages; b. The main text, and c. The end matter

In its preliminary pages the report should carry title and date followed by acknowledgements and foreword. Then there should be a table of contents followed by a list of tables and list of graphs and charts, if any, given in the report. The main text of the report should have the following parts:

Introduction: It should contain a clear statement of the objective of the research and an explanation of the methodology adopted in accomplishing the research. The scope of the study along with various limitations should as well be stated in this part.

Summary of findings: After introduction there would appear a statement of findings and recommendations in non-technical language. If the findings are extensive, they should be summarized.

Main report: The main body of the report should be presented in logical sequence and broken-down into readily identifiable sections.

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Conclusion: Towards the end of the main text, researcher should again put down the results of his research clearly and precisely. In fact, it is the final summing up.

At the end of the report, appendices should be enlisted in respect of all technical data. Bibliography, i.e., list of books, journals, reports, etc., consulted, should also be given in the end. Index should also be given specially in a published research report.

Report should be written in a concise and objective style in simple language avoiding vague expressions such as ‘it seems,’ ‘there may be’, and the like.

Charts and illustrations in the main report should be used only if they present the information more clearly and forcibly.

Calculated ‘confidence limits’ must be mentioned and the various constraints experienced in conducting research operations may as well be stated.

CHAPTER 4 – SUMMARY OF THE STUDY

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4.1) Procedure for selecting a mobile phone from researchmethodology point of view:

Market research is often needed to ensure that we produce what customers really want and not what we think they want.

With the passage of time, advents in technology have given new meanings to almost everything around us. Every preconceived notion and idea has been forced to go through a metamorphosis to keep in line with the growing pace of change. This tidal wave of change has surely altered communication drastically. The new advances have led to addition of many new forms which came about as a revolution. The communicative revolution that concerns us is actually the third wave, according to which information can now be transmitted through electronic signals and controlled waves present in the air around us.

A mobile phone is an electronic device which is used in two way communication. To make use of a mobile phone, connection to a cellular network is required which is an interconnection of base stations through which signals are transmitted, hence the mobile uses those signals to forge and maintain connection.

A user using a mobile phone can make or receive telephone calls to and from other cellular networks and also fixed line phones worldwide. Each mobile phone holds a subscription with a cellular network which then connects it to a mobile network operator and thus let’s communication to flow freely.

Mobile phones are not used for calls only, especially modern mobile phones. They offer a wide variety of communicative services such as:

text messaging sending and receiving emails voicemails accessible through voicemail inbox access to internet

MMS (Multimedia Messaging Service) interactive games

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connectivity through Bluetooth and/or USB, infrared music player camera GPS (Global Positioning System)

As the main research objective of this study is to identify the factors that influence my consumer behavior at the time of choosing a mobile phone brand; hence, the primary research objectives are stated below which have been further subdivided into sub objectives to illustrate the point further. Primary objectives are:

Following are the sub objectives providing explanation for each of the research study’s objectives:

Demographic factors: are those factors influencing consumer behavior which are the consumer’s factors comprising of age, gender, income, occupation, education, religion and nationality. Demographic factors are important as consumers belonging to similar demographics have alike buying patterns. Based on the research study result, researchers would know what brands are favored by the male or female consumers, also depending on the income and occupation which brands would be the choice for consumers.

Psychographic factors: comprise of factors that are based on consumer’s social class, lifestyle and personality traits. A point to be noted is that same demographics may have very different preferences when it comes to psychographic structures. Some brands are chosen over others if they are better at portraying an image which truly reflects the consumer’s psychographics.

Behavioral factors: are specifically related to the buyers’ habits and their attitudes towards different brands. Basically it comprises of components that tell about the consumer’s knowledge, attitudes and responses to a product. If the marketer has ample knowledge about these behavioral variables then it makes the research very informative.

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The prime focus of this proposed marketing research method and design is to be able to identify the significant factors that play an important role in influencing consumer behavior in respect to choosing between different mobile brands,

Elements of the said primary research study will be utilized in the form of both qualitative and quantitative research. The purpose being the determination of various factors that play a key role in influencing consumer behavior in relation to choosing mobile phone brands. The factors under discussion will be from the broad categories of demographics, psychographics and behavioral.

Furthermore, to complement the marketing research study results, a literature review relating to the importance of proper knowledge regarding different consumer influences, consumer’s preferences and choices, prices and availability of different features such as camera, games, Wi-Fi, and also the notion of brand loyalty. In addition to it, evaluation methods explaining how best to gauge consumer responses will also be augmented in the study.

As told earlier, secondary research will be also be implemented, its aim would be to augment information about the patterns of consumer behavior in the past and also the changes that have taken place recently. All of this information gained will then be considered and used in forming the main purpose and objectives of the proposed research study.

For the designing of a questionnaire judging the quantitative and qualitative aspects of the research study, the following questions will be a part of it. The questions are:

1. Which mobile phone brand are you currently using?2. Would you buy the same brand when buying a new phone in the

future?3. Which mobile phone brand would have been your next choice?4. How much are you willing to pay for a mobile phone of your choice?5. What are your preferences in choosing a mobile phone?6. What features are the most important in a mobile phone?

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7. What features are the least important in a mobile phone?8. In your opinion, which brand is the Indian market leader in mobile

phones?

The questionnaire was formulated for the key purpose of identifying the different factors that influence consumer behavior when choosing between different mobile phone brands in the Indian market. Therefore each question was designed with the aim of extracting some information that would be insightful in understanding the complex buying behavior of the consumers.

Question 1: Will find out which brand is most used by the consumers. If there are a major proportion of the participants choosing a particular brand that would mean that brand may be the market leader.

Questions 2 and 3: will assess whether they wish to change the phone. If they do then what is the reason behind it, if a shortcoming in the current brand is recognized then the marketer can capitalize on it and add this feature in its own product if feasible.

Question 4: will judge the brand loyalty in the participants as part of the behavioral factors influencing consumer behavior. Whereas, question 5: will aim to find out what the customer’s next favored option is in mobile phone brands. This would give an idea as to which brand has the potential of becoming the market leader.

Question 6: will evaluate what is the technological literacy in the participants so that a need for introduction of complex technology can be considered.

While question 7: will review what are the activities that the users mostly indulge in when using their phones. This will also be helpful in finding out what areas can be improved as are mostly used by the consumers.

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Question 8: will aim to discover the power friends have on consumer preferences as part of the psychographic factors. Generally it is believed that family, friends and peer pressure play a vital role in this area, this question will be finding out whether there is any truth to this notion or not.

Question 9: purpose is to obtain information regarding how much consumers are willing to spend on the purchase of a mobile phone. Price is in relation to income which is a component of demographic factors. Also if a trend in low spending is observed then this would mean that there is a need for lowering the prices.

Question 10: will ask the participants to make a choice between two of the most coveted mobile phone features. In addition to the usual ones features available, preference for camera and Wi-Fi will be asked for.

Question 11: is in extension to the earlier asked question, asking what are the features that they most want in their mobile phones. It is expected that the answers will greatly depend on the age of the participants.

Question 12: the last question will actually provide additional information about the consumer’s assessment of the available brands. This will also show which brand the consumers think is the market leader, the response to this question will be interesting as it may be in contrast to what the marketers’ expectations are.

Procedure in the form of question for selecting a mobile phone I will follow:

1. Gender: Female

2. Age: 25 – 30

3. What mobile phone are you currently using?I ball Andi.

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4. Do you wish to change your mobile phone?Yes.

5. What is the reason for changing your phone?Need a change.

6. Would you buy the same brand when buying a new phone in the future?Yes.

7. Which mobile phone brand would have been your next choice?Sony-Ericson.

8. Are you adept at using technologically advanced gadgets or phones?Yes.

9. What do you mostly use your phone for? Rate the activities as per most use.

Text messagingSending and receiving emailsVoicemails accessible through voicemail inboxAccess to internetMMS (Multimedia Messaging Service)Interactive gamesConnectivity through Bluetooth and/or USB, infraredMusic playerCameraGPS (Global Positioning System)

10.Would you choose a brand that your friend is using?No.

11.How much are you willing to pay for a mobile phone of your choice?>20000.

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12.Do you prefer a better camera to access to Wi-Fi?Yes

13.What are your preferences in choosing a mobile phone?Access to internetExpandable memoryRadioCameraGPS (Global Positioning System)

14.In your opinion, which brand is the Indian market leader in mobile phones?

BlackberryIPhoneNokiaSony-EricsonSamsung

CHAPTER 5 – APPENDICES

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A. Primary sources:

Notes provided by the lecturer.

B. Secondary sources:

http://w0ww.nrf.ac.za/yenza/research/internet.htm

http://en.wikipedia.org/wiki/Methodology

http://www.limat.org/data/research/Research%20Methodology.pdf

http://www.humankinetics.com/excerpts/excerpts/steps-of-the-research-process

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