Research importance and entrepreneurship by K R Thanki

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Information about Research importance and entrepreneurship by K R Thanki

Published on November 22, 2016

Author: krunalThanki



2. Research “Research is the systematic approach to obtaining and confirming new and reliable knowledge” • Systematic and orderly (following a series of steps) • Purpose is new knowledge, which must be reliable 11/22/2016 2

3. Research is not Accidental discovery : • Accidental discovery may occur in structured research process • Usually takes the form of a phenomenon not previously noticed • May lead to a structured research process to verify or understand the observation 11/22/2016 3

4. Data Collection • an intermediate step to gain reliable knowledge • collecting reliable data is part of the research process 11/22/2016 4 Research is not

5. Searching out published research results in libraries (or the internet) • This is an important early step of research • The research process always includes synthesis and analysis • But, just reviewing of literature is not research 11/22/2016 5 Research is not

6. Searching for explanation of events, phenomena, relationships and causes • What, how and why things occur • Are there interactions? A process • Planned and managed – to make the information generated credible • The process is creative • It is circular – always leads to more questions 11/22/2016 6 Research is…..

7. • Before classification, we must first define types of research • Different criteria are used to classify research types (All of these are somewhat arbitrary and artificial) 11/22/2016 7 Classification of Research

8. • Basic – to determine or establish fundamental facts and relationships within a discipline or field of study. Develop theories … (examples in economics?) 11/22/2016 8 Basic vs Applied Research

9. • Applied – undertaken specifically for the purpose of obtaining information to help resolve a particular problem • The distinction between them is in the application • Basic has little application to real world policy and management but could be done to guide applied research 11/22/2016 9 Basic vs Applied Research

10. Why define the Research Problem? • Defining your destination before beginning a journey. It determines, what you will do, will it withstand scientific scrutiny, how you will do it, and what you may achieve! 11/22/2016 10

11. How is a research problem selected? 11/22/2016 11 • Researchers interest in a topic • National or agency priorities • Urgency of an issue • Availability of research funds • Availability of supervision

12. Steps in defining research problems 11/22/2016 12 • Identify a broad topic • Identify a narrow topic within the broad topic • Raise questions • Formulate objectives • Use action-oriented words - To demonstrate; To evaluate; To measure…

13. The Process of Research 11/22/2016 13 1 2 34 5

14. Identifying Broad Topics 11/22/2016 14 Think of the BIG PICTURE • What is the problem you are trying to solve? • Think of something you like to learn more about • Consult text books, journal or your supervisor Pick one based on: • Interest and relevance • Magnitude of work involved • Level of expertise • yours and your advisors

15. Problem Tree – Keep asking Why? 11/22/2016 15 Derived from the background literature, what model will guide your hypotheses and what hypotheses will you test?

16. Analyze 11/22/2016 16 Research is a creative process • “…research includes far more than mere logic … It includes insight, genius, groping, pondering – ‘sense’ … The logic we can teach; the art we cannot” • There are different types of creativity, characteristic of different situations – “applied” and “theoretical” most closely associate with economic research

17. Design 11/22/2016 17 What is the study design that will enable testing your hypotheses? Sample (power, population) Intervention (Hi, Med, Lowimpact; nature) Controls Measures, etc.

18. 11/22/2016 18

19. Simple Definitions • Entrepreneurs…people who create and grow enterprises • Entrepreneurship…the process through which entrepreneurs create and grow enterprises. • "a person who organizes, operates, and assumes the risk for business ventures." 11/22/2016 19

20. What is Entrepreneurship? Entrepreneurship is a dynamic form of social and economic behavior in which people respond to environmental signals about the availability of opportunities and the resources with which they can be exploited. Rae and Carswell 11/22/2016 20

21. What is Entrepreneurship? An entrepreneur is a person who sees opportunity, sizes up its value, and finds the resources to make the most of it. Jim Nelson University of Idaho 11/22/2016 21

22. Accepting challenges for growth Entrepreneurship OrganizationDecision Making Skillful ManagementRisk taking Making the enterprise success Innovation/Improvement 11/22/2016 22

23. E N T R E P R E N U E R Innovation Administrative Ability Organization Skills Intelligence Creativity Clear Objective Sound Knowledge/Technical Knowledge Emotional Stability Public Relation Effective Communication 11/22/2016 23

24. Characteristics of Entrepreneurs Successful Entrepreneurs Key Personal Attributes Good Technical Skills Strong Managerial Competencies 11/22/2016 24

25. 11/22/2016 29 conclusion 11/22/2016 29


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