Business Research With Respect To Various Point Of View
Fundamental research is a type of business research that is done in accordance with the purpose of the research and is the second type in this research method category, applied research being the first. Research is done to answer the question, is it a safe process? The only common thing between applied research and fundamental research is that they both adopt scientific procedures and systematically the study is carried out. Some of the features of fundamental research are:
- The addition of a problem is done to the area of application of a discipline which is the goal to solve the issue.
- In order to solve the problem a lot of disciplines will work in a group.
- The goal is to tell how a change of things can take place.
- Other variables are made constant by changing is acknowledged by the research.
- Compilation of the reports is done in general language.
The elements that drive fundamental research are curiosity and the wish of expanding the knowledge in a particular research field. This type of curiosity-driven research builds a determined contribution to the academic part of the knowledge. The generalization of the circumstances is attempted by fundamental studies. The philosophy of this variety of research is explained as ‘collecting knowledge for the purpose of knowledge’.
Business research techniques with respect to research design
Depending on the design of the research the researching technique is divided into two types- exploratory research and conclusive research.
Exploratory research- the aim of this study is exploring the research field. These studies do not seek to provide answers that are final and concluding with the questions of the research. However, the aim of providing final and undeniable answers to the questions in the research is done by conclusive studies.
Difference between exploratory study and conclusive study
The exploratory research with respect to the structure is loosely built and designed. It has a methodology that is flexible and on which investigation can be done. The hypotheses are no tested in exploratory research. The discovered information may be specific to the topic and it will not be quite relevant to topics other than the person who is doing research’s domain.
The conclusive research with respect to the structure is very well constructed and systematically designed. There is a well-defined and formal methodology that should be followed and tests should be carried out. There are hypotheses that are formulated and tests are done on these hypotheses to give well-concluding research. With respect to the findings, they are remarkable because they have implications that are theoretical and that are applied.