Free Essay

Business Research

In:

Submitted By Shahryar
Words 1936
Pages 8
The Top Five Market Research Articles of Q3 2012
By Kathryn Korostoff and Todd Haylon, Research Rockstar LLC

We live in an instant gratification society, or so it is widely said. If we want something (be it information or products), we click a few buttons, then wait for it to be delivered—instantly or via overnight shipping. One can debate the societal implications of this, or embrace the shift. For now, we choose to embrace it by bringing our version of instant gratification to market research article reading. No time to flip through pages of ads and irrelevant articles to find the gems? Here are our picks for the best market research articles of Q3 2012, in no particular order.

Measuring Emotions Through a Mobile Device Across Borders, Ages, Genders, and More
September 2012 ESOMAR Conference
Authors: Rolfe Swinton and Rana El Kaliouby
Remember when measuring consumer emotions was a new field that required clunky equipment?
That day has long since passed. In this paper Rolfe Swinton and Rana El Kaliouby discuss the use of mobile devices to capture immediate facial and verbal responses to advertisements.
Today’s smartphones are essentially handheld computers. And they have become widely used; indeed. Nielsen estimates over half of US adults have one. Smartphones, as our title suggests, span across age, gender, and many other demographics, allowing researchers to gather broad data.
Swinton and El Kaliouby started by testing smartphones as a way to investigate ad recall and emotional impact. Initially the researchers tested a slew of television ads in Brazil and a few other markets. After this initial research produced promising results, they proceeded to test 6 beverage ads in India, noting differences in responses from different demographic groups. The researchers came away with valuable findings, most notably:
 Mobile technology allows researchers to truly innovate, rather than just adapt existing methodologies to new technology.
 Measuring emotions with facial coding (as captured via smartphone) is feasible, unobtrusive, scalable, and avoids the bias of self-reporting.
There’s the Beef
August 2012 Quirk’s Marketing Research Review (Page 26)
Author: Scott Koenig, CEO of Consumer’s Eye View and Wendy Neuman, Director of Market
Research at National Cattleman’s Beef Association
The best athletes are not always those with the most physical talent. Rather, they are the ones with the highest, “sports IQ.” This is a common term used among scouts, but it really is impossible to

www.ResearchRockstar.com
508.691.6004

measure. There are simply some players who see the game differently and always seem to be a step ahead of everybody else. This article begins with an interesting comparison to “The Great
One”, Wayne Gretzky. The authors note that Gretzky was great because of his ability to anticipate where the puck was going, allowing him to play the game a step ahead of everybody else. When the
National Cattlemen’s Beef Association (NCBA) was faced with the research question of understanding beef consumption habits of those ages 13-30 they took a Gretzky-like approach.
They anticipated where their target market for the study (Millennials) was heading and thus chose
Facebook to conduct their market research.
Particularly with the demographic the NCBA was trying to reach (ages 13-30), it made sense to use
Facebook. According to the article, 75% of people ages 13-30 have some kind of social network profile. Interestingly enough, besides using Facebook, the market research methods were fairly traditional. Facebook was used as a recruiting tool to gather participants and as a forum for discussion. The NCBA then created a Facebook group and hosted online discussions over six weeks. Topics were posted 2-3 times per week and the recruited participants would respond and comment. As with any market research study, not every participant participated fully. However, the
NCBA’s innovative approach validated Facebook as a tool that can help market researchers without totaling abandoning many of the traditional principles.

The Secret to Customer Engagement in Social Media Isn’t a Secret Anymore
August 2012 issue of Alert! (page 34)
Author: Angelo Ponzi, Director of Client Services at PhaseOne
“Social media is not a marketer’s silver bullet.” Angelo Ponzi reminds his readers of this a few times in the article, The Secret to Customer Engagement in Social Media Isn’t a Secret Any More. What
Ponzi means by this statement is that, yes, social media is a powerful tool, but it is not the elixir for marketers. You cannot simply create a Facebook page or Twitter account and then sit back and wait for the followers. Successful social media marketing requires time, effort, and a strategic approach.
Based on a study of 22 brands to “identify what drives public engagement with a brand on social platforms… to identify the brand’s role in the world of social engagement”, the author shares key findings and implications for social media-leveraging marketers (and that is just about all of them these days, isn’t it?).
Ponzi identifies two brands that effectively use social media to drive consumer engagement: Audi and Red Bull. Both draw consumers in with powerful “Me Statements” in their advertisements as well as on their Facebook pages. Ponzi defines a “Me Statement” as saying something about consumers in terms of attitudes and personalities; lifestyles and behaviors; or values.
Audi, for example, uses advertisements about getting rid of “old” luxury and bringing in “new” luxury.
In this case, Audi is positioning itself as the new luxury vehicle, and portrays itself as a sleek, cuttingedge, modern car. This creates the “Me Statement” among consumers that, “I live a modern, cutting-edge, and high-end lifestyle.” Red Bull, through clever ads, creates the “Me Statement” of, “I am cool under pressure and can conquer any challenge.” Both of these statements push consumers closer to their idealized selves, and they are more likely to engage with brands that do so.
Towards the end of the article, Ponzi makes one very important point derived from his research.
While cultivating a strong “Me Statement” to associate with your brand is very important, the brands www.Training.ResearchRockstar.com Page 2

www.ResearchRockstar.com
508.691.6004

with the strongest social media engagement were those that did not abandon traditional marketing principles. These principles, including communicating well, consistency in your messages, and delivering the message in a unique way, are still vital even as marketing moves more and more towards social media and “Me Statements.”

How Bad Surveys Can Turn Respondents Off
August 21, 2012 Relevant Insights
Author: Michaela Mora, President at Relevant Insights
Have you ever been taking a survey and about a third of the way through it, you feel like unplugging your computer, or even throwing it out the window? I exaggerate a little, but taking a poorly designed survey is extremely frustrating.
In this article Michaela Mora describes a survey she recently took that was full of flaws. It was riddled with typos, used inappropriate scales, and completely ignored its audience. At one point it was asking her about how car companies address women’s needs. Keep in mind that this was a survey tucked inside a magazine that has nothing to do with cars, yet the survey was exclusively about car buying experiences.
Mora goes on to take her experience with this bad survey
Did you miss the Q1 & Q2 and generalize it to common mistakes made by companies picks for best market research on their surveys. Her 8 bullet points of common mistakes articles? Just click here: Q1 seem elementary when you are reading them, but
Articles and Q2 Articles sometimes the simplest things are the ones that are most easily forgotten. Mora’s list is a great reminder and offers precise insight on how to ensure that your surveys minimize dropouts and maximize data quality.
Quantitative Trendspotting
August issue, Journal of Marketing Research (JMR)
Authors: Rex Yuxing Du (University of Houston) and Wagner A. Kamakura (Duke University)
Trendspotting is a buzzword that evokes images of brilliant futurists plucking predictions out of thin air, based on their observational superpowers. Ever since the book Megatrends became a bestseller in the 1980s, the notion of predicting trends has become a holy grail for marketers.
But is there a quantitative way to tackle it?
The authors of this provocative, and extremely detailed article, say it is feasible. Using online keyword search data from Google Insights for Search and applying dynamic factor analysis (DFA), the authors have created a compelling case study using the automobile market. And yes, the model does account for seasonality.
However the article also acknowledges that there is a difference between predicting revolutionary and evolutionary trends, noting, “…quantitative trendspotting is more evolutionary, focusing on uncovering hidden trend lines that already exist, which may then be extrapolated into the near future, whereas qualitative trendspotting is more revolutionary, attempting to seek out radical departures from the past that may potentially reshape the marketplace for years to come.”

www.Training.ResearchRockstar.com

Page 3

www.ResearchRockstar.com
508.691.6004

Honorable Mentions
Other articles that almost made the top 5 and are worth a read.

The Names of the Games
Research (online) July 31, 2012
Author: Joe Fernandez, Senior Writer/Deputy Editor at Research Magazine and Research Live
Boston’s Fenway Park is unique in many ways, one of them being that it is one of the few remaining stadiums without a company sponsorship. Even the iconic Boston Garden became the TD
Banknorth Garden; it just doesn’t have the same ring, does it? Personal curiosities aside, how do companies decide if and how to sponsor sports stadiums or events? Joe Fernandez’s article gives a glimpse into the amount of research and time that companies put into these huge sponsorship decisions. The article takes a quick look at five companies that spent large sums of money sponsoring the Olympics, and looks to see how they used research to ensure a good return on their investment. The five brands are EDF Energy, Lloyds TSB, BT, Cisco, and Heineken.
There were some interesting differences across the five brands’ goals, strategies, and target audiences. But the most noteworthy content was about the similarities—how they all used
“conventional” research methods: two of them report using focus groups in the research mix, and most report using surveys. Indeed only one company, EDF Energy, specifically mentioned using more innovative methods—such as mobile research and ethnography—in their mix.
Why an honorable mention? Because while the details are very light in these mini case studies, it really is interesting to see how five different brands discuss their Olympic-sponsorship research.

Social Media’s Influence on Traditional Qualitative Research
August 2012 Quirk’s Marketing Research Review
Author: Kelly Hancock, QRCA
Another brief but informative article is by Kelly Hancock of the Qualitative Research Consultants
Association (QRCA), who sheds light on how social media is changing qualitative research methods.
Every “like” on Facebook, or tweet on Twitter, or pin on Pinterest provides data for researchers. It is just a question of what the best way to gather and leverage all of it is. Researchers are now able to gain great detail and see consumers in their element through video and pictures. As a result, qualitative research methods are becoming more and more sophisticated. In order to leverage the use of videos and pictures, new research methods have been developed. By no means is this revolution over. Social media is still young, and evolving. As it becomes more integrated into daily life, people may share even more information in unique ways. This creates new data for researchers to leverage, and as a result, the author suggests that new research tools and methods will emerge.

www.Training.ResearchRockstar.com

Page 4

Similar Documents

Premium Essay

Business Research

...Events in Business Research Current Events in Business Research The term of business research is considered a form of practical studies that a company can use to obtain important data to analyze in order to create better ideas and decisions for the company. The research can include different forms of data which includes the feedback of consumers, product research, financial data, and competitive analysis. The various levels of management which uses the business research gain the ability to have a better understanding of the company. Also, they gain a better understanding of their position in their particular market, and how to stay competitive and improve their position within the market. This paper will be a summary of the business research processes through Frederick’s experience in the field of retail and a study of merchandising created by the University of South Africa back in 2013. Frederick currently works in retail which focuses on merchandising in daily operations. The research process is broken down into three major parts which include the; • Identity of the research problem and the research methods used. • How the research is solved within the chosen functional area • Potential applications within the determined functional area. The study chosen focused on the perception which the consumer has on visual merchandising in relation to retail shopping. Research Problem The primary research problem...

Words: 770 - Pages: 4

Premium Essay

Business Research

...One Business Research Process Christina Guilin October 16, 2012 RES 351 Steve German Two The business research process is very crucial to conducting ethical and successful business. This process includes learning everything possible about the company’s customers, competitors, and the industry. Having information and competitive advantage is prudent to conducting any business research. Goals, decision support, business intelligence, strategy, and tactics will only strengthen the research process. The objectives to focus on during the business research process are to determine what products and services to offer, who will purchase them, and how to accurately price and promote those products. It is important to be knowledgeable about what consumers are looking for in the particular industry one is in. The steps in the business research process are to define the objective or problem, create a research proposal, design and prepare materials to carry out the research plan, conduct sampling, observations and collect data, analyze the data collected, and draw out a conclusion and communicate results of the research. While working at Starbucks, we were constantly faced with the changing needs of our customers. There were constant promotions happening, which kept consumers returning for more. Over last summer, Starbucks launched a new product called Starbucks Refreshers, and offered three different ways. We had to come up with a way to effectively sample these...

Words: 396 - Pages: 2

Premium Essay

Business Research

...Research Idea: The use of Digital Marketing instruments to carry out the marketing of the Al Alameih Worldwide. Introduction With the planning of the expansion of the company, the major thing that comes into the mind is developing various marketing strategies. It is only through proper marketing the company can gain proper response and also it will be able to spread its popularity to the other parts of the world. Al Alemiah adopted various kinds to marketing strategy to influence different segments of the market. But with the rise in the technology, it is very much important to keep a pace with the recent technology and follow the latest trends. The earlier marketing strategies used by the Al Alemiah even though helped the company in rising in a profitable manner but if consider to today’s world those methods have become outdated. Thus one have to develop new marketing strategies to sell the product and make the products of the Al Alemiah one of the most widely used products in the world. One of the most widely used marketing technology that is gaining popularity in today’s generation is the Digital Marketing and so this particular research paper throws light on how the digital marketing strategy can become useful in the expansion and profits of the Al Alemiah Kitchen Woods. Background Al Alameih is one of the most popular companies in Jordan that is involved in manufacturing of the kitchen woods. The woods are not only sold and used in Jordan but are also...

Words: 2249 - Pages: 9

Premium Essay

Business Research

...Business Research Applications Paper Individuals and companies use research on a daily basis and frequently throughout the day – with or without necessarily even realizing it. Research might be conducted simply to uncover the answer to a question or determine a possible outcome to a situation. I have a close friend who works for a bank that is focusing heavily on delivering a great customer experience. She frequently shares her professional experiences with me and I find it very interesting – the mechanisms the company puts into place to measure results. It may not seem to be research in the traditional sense however the bank is constantly conducting research. Before considering the types of research conducted at this financial institution, first it is important to understand what types of research exist. According to the text book, there are four types of research: reporting, descriptive, predictive, and explanatory (Cooper & Schindler, 2011). The reporting method entails information collection. This can be a difficult task – collecting the information necessary. An important source for information is found in the gatekeeper or an expert regarding the topic being researched. The reporting method does not require interpretation – the information is as it is presented. This method can be considered one of “fact finding” as it might be considered simply a collection of facts. The descriptive method provides answers to questions of who, what, where, and how. Generally, this...

Words: 1023 - Pages: 5

Free Essay

Business Research

...Employee retention means the plans and strategies use to make the valuable employees not to leave their job. Most of the multinational concerns are facing problem in the retention of employees..In this research proposal iam going to study how Riordan manufacturing group can retain their employees. Retention of employees will give a lot of benefit to the concern:  The employee retention will help a concern to get good turnover, will help to avoid interruption in service, to keep up the goodwill, to get back the efficiency etc.There are various reasons for employees to leave the organisation. If the organisation tackles the factors which are responsible for employees leaving the job they can retain their employees.  Riordan manufacturing group is one of the leading plastic producing concerns in the plastic industry. The riordan manufacturing group is a sub concern of the Riordan industries. The riordan manufacturing group functions under its headquarters situated in California. The riordan group was founded in the year 2000 with a work force of 30 employees. But after that they grown from heights to heights and now they have a work force of more than 800 employees.Riordan group have a well equipped research center which helps the company to remain competitive in the industry. The riordan group supplies plastic to the aircraft companies and leading other major concerns.Riordan group have branches all over Europe and the European headquarters is at germany.The riordan group holds...

Words: 1990 - Pages: 8

Premium Essay

Business Research

...Business research methods Name Institution There are different types of issues that are said to be accompanied by the research process and are inclusive of the decision making process which comprises of the favored-technique syndrome. Following that some of the researches that are carried out are method bound, there always tend to be a problem with the management who want their methodology of research to be followed failure to which they become uncomfortable with the research undertaken. The management has to provide a technique of handling the research since this aid in determining if the research can be carried out (Bell, 2005). On the other side, a manager tend to have issue following the fact that some fields were created for some specific reasons and those reason may not be compatible with the management research question. However, in most cases not all the management issues are researchable and not all the research questions can also be answered and this becomes an issue that is said to happen in research process. Some management problems are very complicated and prove to be intractable to traditional form of analysis which becomes an issue to the research process which is slowed down. In this case research can not be handled with accuracy following the existence of the many interrelated facets which also reduces the susceptibility of attack from the quantitative research methods. The urge to attain genuine politically motivated research information is an issue that managers...

Words: 638 - Pages: 3

Premium Essay

Business Research

...Business Research, (part I) Ace Cable is a well established company which offers cable television, telephone and internet services to its customers. These services are available to customers across the United States and have been in business since 2000. In the recent years, the competition has grown and Ace Cable is experiencing a decrease in customer enrollments. Customers now have multiple options to consider before enrolling into an agreement. Ace Cable is looking to implement initiatives to help gain insight on how to convince more consumers to sign with the company, and in turn see the ROI (Return on Investment) on measures such as marketing and advertising. Research Questions Some of the increasing questions dealt mainly with the fewer number of enrollments. This begins the basic reasoning process. What is the problem with Ace Cable’s services, what would the customers prefer, how can Ace Cable bring in new clients, and how much can Ace Cable offer to bring service to many different types of individuals? Finding the root cause of why the enrollments have dropped will give Ace Cable an advantage in closing this performance gap. The most important topic of research is to find what it is that the public want. Is a bundle type plan something that the consumers prefer, or maybe just options without a contract? Research would show that a company that can offer both will have the opportunity to bring in both types of individuals. Another factor would be the service...

Words: 1065 - Pages: 5

Premium Essay

Business Research

...Business research methods Name Institution There are different types of issues that are said to be accompanied by the research process and are inclusive of the decision making process which comprises of the favored-technique syndrome. Following that some of the researches that are carried out are method bound, there always tend to be a problem with the management who want their methodology of research to be followed failure to which they become uncomfortable with the research undertaken. The management has to provide a technique of handling the research since this aid in determining if the research can be carried out (Bell, 2005). On the other side, a manager tend to have issue following the fact that some fields were created for some specific reasons and those reason may not be compatible with the management research question. However, in most cases not all the management issues are researchable and not all the research questions can also be answered and this becomes an issue that is said to happen in research process. Some management problems are very complicated and prove to be intractable to traditional form of analysis which becomes an issue to the research process which is slowed down. In this case research can not be handled with accuracy following the existence of the many interrelated facets which also reduces the susceptibility of attack from the quantitative research methods. The urge to attain genuine politically motivated research information is an issue that managers...

Words: 638 - Pages: 3

Premium Essay

Business Research

...Business Research Business Research While working in the janitorial services industry, the business research process played a vital role in the company’s success. This process entailed learning everything about a company’s product or services, customers, competitors, and the industry. The first step of the business research process is to identify competitors. Information is garnered concerning what services and products were offered and at what prices. Other information that is usually obtained is a competitor’s market sales, the number of people that are employed by the company, and it’s key strengths and weaknesses. While in the janitorial services industry, I looked up several other companies and what they offered. Comparisons were made between several companies offering similar services. The next step in the business research process is to explore potential customers and clientele. A target audience is studied to see which customers are more likely to purchase the services that are being offered. It is important, in any industry, to figure out what the customer will want and need. If a customer’s needs are not met, they will usually go to a competitor. To ensure the success of the janitorial services company I was employed with, surveys were sent out to inquire about customer satisfaction and to determine what features and prices are best for the products and services being offered. The third step in doing business research is looking into the company itself. It’s...

Words: 314 - Pages: 2

Premium Essay

Business Research

...RELATIONSHIP BETWEEN FACILITY, VARIETY OF MENU, PRICE, LOCATION AND SERVICE WITH WILLINGNESS OF QUEUING IN ITB CANTEENS This paper is a prerequsite of graduation Business Research Method lecture By Rizky Rahmany 19011055 Ersha Nuranjasari 19011094 Wedda Le 19011139 Arizal Khoironi 19011032 Sweeta Elfonsia 19011087 (Study Program Business Management) INSTITUT TEKNOLOGI BANDUNG 2012 RELATIONSHIP BETWEEN FACILITY, VARIETY OF MENU, PRICE, LOCATION AND SERVICE WITH WILLINGNESS OF QUEUING IN ITB CANTEENS This paper is a prerequsite of graduation Business Research Method lecture By Rizky Rahmany 19011055 Ersha Nuranjasari 19011094 Wedda Le 19011139 Arizal Khoironi 19011032 Sweeta Elfonsia 19011087 (Study Program Business Management) INSTITUT TEKNOLOGI BANDUNG 2012 ABSTRACT RELATIONSHIP BETWEEN FACILITY, VARIETY OF MENU, PRICE, LOCATION AND SERVICE WITH WILLINGNESS OF QUEUING IN ITB CANTEENS By Rizky Rahmany 19011055 Ersha Nuranjasari 19011094 Wedda Le 19011139 Arizal Khoironi 19011032 Sweeta Elfonsia 19011087 (Study Program Business Management) Institut Teknologi Bandung When we talk about queuing, there are many questions come up from our mind such “what kind of thing is happening there so people want to queue?” Talking about queuing is not always about staying in the line, no guarantee that people want to keep staying for...

Words: 4847 - Pages: 20

Premium Essay

Business Research

...a necessary but not sufficient condition for correlation. | | | b. Correlation is a necessary but not sufficient condition for causality. | | | c. Causality is a necessary and sufficient condition for correlation. | | | d. Correlation is a necessary and sufficient condition for causality. | | Correct Marks for this submission: 1/1. Question 2 Marks: 1 The ________________ is the variable of primary interest to the researcher. Choose one answer. | a. Dependent variable | | | b. Independent variable. | | | c. Moderating variable | | | d. Intervening variable. | | Correct Marks for this submission: 1/1. Question 3 Marks: 1 Which of the following answers is not an objective of preliminary research? Choose one answer. | a. One does not run the risk of “reinventing the wheel”. | | | b. To determine whether a variable is an independent variable, a dependent variable, a mediating variable, or a moderating variable. | | | c. Important variables that are likely to influence the problem situation are not left out of the study. | | | d. The problem statement can be made with precision and clarity. | | Correct Marks for this submission: 1/1. Question 4 Marks: 1 Which of the following studies is a causal study? The researcher tries to find out: Choose one answer. | a. If smoking is related to cancer. | | | b. Why unemployment in Europe is higher than in Asia | | | c. All the above answers are correct...

Words: 2521 - Pages: 11

Premium Essay

Business Research

...Master of International Business Administration Business Research Methods for Managers-Fall 14086 THE REASONS BEHIND EMPLOYEE TURNOVER, ITS’ EFFECT AND THE METHODS TO REDUCE IT Supervised By Dr. Ashraf Elsafty Presented by: Yasser Hassan El Sayed Created Date: Oct 10, 2014 Last updated: Dec 11, 2014 Table of Contents LIST OF ABBREVIATIONS 3 1. CHAPTER 1: INTRODUCTION 4 1.1. AN OVERVIEW 4 1.2. PROBLEM DEFINITION 4 1.3. RESEARCH OBJECTIVE 4 1.4. THEORETICAL FRAMEWORK 5 1.4.1 MODEL VARIABLES 6 1.4.1.1 Dependent variable 6 1.4.1.2 Independent variables 6 1.4.2 RESEARCH ASSUMPTIONS 6 1.4.3 RESEARCH LIMITATIONS 6 1.5. RESEARCH QUESTIONS 7 1.5.1 MAJOR QUESTIONS 7 1.5.2 MINOR QUESTIONS 7 1.6. RESEARCH METHODOLOGY 7 1.6.1 RESEARCH TYPE 7 1.6.2 SAMPLING 7 1.6.3 DATA ANALYSIS METHODS 8 1.6.4 DATA ANALYSIS METHOD 8 1.7. THESIS STRUCTURE 8 2. CHAPTER 2: LITERATURE REVIEW 9 2.1. INTRODUCTION 9 2.1.1 SCOPE OF THE STUDY 9 2.1.2 SIGNIFICANCE OF THE RESEARCH 9 2.2. PREVIOUS STUDIES 9 2.2.1 REASONS BEHIND EMPLOYEE TURNOVER 9 2.2.2 SYMPTOMS THAT ORGANIZATION FACE IN RESPONSE OF TURNOVER 10 2.2.3 COSTS OF EMPLOYEE TURNOVER 11 2.2.4 MANAGING TURNOVER THROUGH SELECTION 11 2.2.5 THE FORMATION OF AN EFFECTIVE RETENTION MANAGEMENT PROGRAM 11 3. CHAPTER 3: THEORETICAL FRAMEWORK AND RESEARCH DESIGN 12 3.1. INTRODUCTION 12 3.2. PROBLEM DEFINITION 12 3.3. RESEARCH OBJECTIVE 12 3.4. THEORETICAL FRAMEWORK 13 3.4.1 DEPENDENT VARIABLES...

Words: 4850 - Pages: 20

Premium Essay

Business Research

...Preparing to Conduct Business Research Preparing to Conduct Business Research: Part 3 A current situation happening at St. Luke’s Medical Center is the dilemma of transitioning their work force of temporary employees to full-time employees, but they cannot choose them all. When St. Luke’s decided to undertake this hiring process the first things they had to consider were the significance of the hiring, the scope and magnitude of the hiring, and finally how feasible the hiring was going to be. What are the attributes they should be looking for? The research question, narrowed down to a statement that can be proven true or false, is called the hypothesis (Cooper & Schindler, 2011). The hypothesis will consist of variables that St. Luke’s will need to account for. Continuing the picture, the research design method St. Luke’s will implement is a communication study. In support of the study, stratified sampling will be conducted. As the data is collected and begins to filter in to management, it is their job to analyze it, and accurately report the results. Last, St. Luke’s will need to take into account ethical considerations. They will need to implement a set of criteria to help them in narrowing down their selections. Done correctly this process will help St. Luke’s choose the right candidates for the jobs? Significance, Scope, Magnitude, and Feasibility The significance of the research project undertaken by St. Luke’s is twofold. St. Luke’s values the reputation they have...

Words: 2380 - Pages: 10

Premium Essay

Business Research

...staffing to outside agencies. Business Problem California law mandates specific nurse to patient ratios based on patient acuity, location, and population served. Although there is a budget allocated to “backfilling” and replacing employees that are on vacation or protected leaves of absence, over utilization results in the creation of a variance that exceeds the allocated budget. The desire of this learning team is to find ways to not only decrease sick call utilization but decrease the operational payroll dollars required to maintain proper staffing levels. Role of the Team The team will assess the current Attendance Policy and look at the employee attendance calendars to identify trends and patterns associated with last minute sick call. Factors may be department specific, hours/shifts worked, full-time vs. part-time, recent denial of time off requests, etc.. This data will be collected and analyzed into a summary with statistical techniques applied. Research Question from Independent and Dependent Variables Our management dilemma began when a manager asked if they are over budget in premium dollars due to excessive last minute sick call replacement coverage. We formulated our research question: Is there a correlation between unbudgeted premium dollars (DV) and last minute sick call replacement coverage (IV)? Our variables are unbudgeted premium dollars (numeric) and last minute sick calls (numeric data). Hypothesis Statement from Research Question The hypothesis...

Words: 384 - Pages: 2

Premium Essay

Business Research

...alternatives when using a decision variable. Decision variable- is a quantifiable characteristic, attribute, or outcome on which a choice decision will be made. Investigative questions- questions the researcher must answer to satisfactorily answer the research question; what the marketer feels he or she needs to know to arrive at a conclusion about the management dilemma. Management dilemma- the problem or opportunity that requires a marketing decision Management question- the management dilemma restated in question format. Management-research question hierarchy- is a process of sequential question formulation that leads a manager or researcher from management dilemma to investigative questions. Measurement questions- what participants in marketing research are asked or what specifically is observed in a research study. Pilot test- is a trial collection of data to detect weaknesses in the design or instrument and provide proxy data for probability sampling. Primary data- is data the researcher collects to address the specific problem at hand— the research question. Research design- is the blueprint for fulfilling research objectives and answering questions. Research process- various decision stages involved in a research project and the relationship between those stages. Sample- a group of cases, participants, events, or records constituting a portion of the target population, carefully selected to represent that population. Secondary data- is data originally collected...

Words: 953 - Pages: 4