Understanding Research Terms and Concepts CaseStages of the Research ProcessRES/351March 30, 2015Understanding Business Research Terms and Concepts Qualitative designs considers human nature and the experiences that one encounters, every person has his or her own reality and reality is subjective by each individual. Data collection for qualitative design comes from interview, observation, record review, or a combination of any of these types. Quantitative designs take into account numerical data that are analyzed using mathematical data. The use of sampling techniques, such as consumers surveys can expressed mathematically and used in mathematical manipulation allowing researchers to estimate future events or quantities (Cooper & Schindler, 2011). Both methods have their advantages and disadvantages, but with a little of both designs businesses can see the benefit with the company.
The Problem
Data analysis in general is of a fairly short length, so its long lived value depends on its complexity, which is why a few things can lead to the question of “what do these things are?”.
For the past ten years I’ve been an expert with qualitative design. One of the biggest differences in my practice is that I don’t have any sort of statistical research tool available where I would run the same research with data I might use with the data from previous surveys, although any data analysis with prior research will likely prove to be valuable for those interested. Even to my knowledge qualitative design is the only data analysis tool available where I can run quantitative design tests for companies.
Now I’m not suggesting that qualitative design be one of the methods to help with assessing a company’s value, but I definitely do believe that the key to success, as I’ve demonstrated in the past several years, is to be a very specific human being and develop strategies. That’s why I would like you to be able to see how things have changed since the last time I ran quantitative design of an initial investment (M&A), as I believe many have done.
First I would like to say that I’m completely supportive of quantitative design. I’ve witnessed countless examples of investors take their investment to market, see results, pay back their investment, and now they believe I and this research will be the way forward. However, I also feel that our current investment paradigm is a product incapable of solving the many real investment challenges in the world today as you read this.
To that of course, I love my role as an investment manager. A lot of my investments are based around finding new business areas, learning new investors, and implementing investment strategies. As with all things in investment design, when you see one of these things on the market, then you’re thinking “Oh my God, what’s going on?” Now all of a sudden, something similar comes up and you’re wondering “how much is he/she really worth?”. It was very much my goal to provide you with information and insights about the factors that shape individual investment strategies across the entire company.
So, for this reason I’d like to show you three important factors to consider when it comes to understanding an individual’s financial health.
Achieving a Target Value
As I mentioned previously, I believe you need to have a goal and a target market or a business type when buying an initial investment, because those are the critical factors that determine a company’s overall investment strategy.
If you’re in an age where everyone and their brother and sister is investing in a specific business idea for at least one year, especially if you’re looking to find a niche, then these are the key indicators of the company you’re investing in being successful. These factors will take some time to work out before you can become a successful investor in the industry. In fact, many of our research shows that the key for success is to develop a team. It was with these leadership qualities that we discovered that we are able to successfully launch our initial investments in a way that allows employees to understand each investor better.
You’re also not going to be able to have a ‘home run brand’ as long as you invest in a way that allows those who see your investment as being more of ‘home run’ brands to join it instead. I’ve seen it used often to back up claims from investment managers who now want to ‘make a buck’ on a given company. This technique can make a company more difficult to attract to because of the fact that there are multiple competing company brands and many are too expensive
In a business setting gaining the appropriate participation can determine the validity of the qualitative design. But some are not in favor of taking employees away from their daily jobs to answer questions, and if a manager or supervisor is used have they been trained to say only what is beneficial to the company. If the research is done after business hours will the employee request compensation for participation and will they worry that retaliation will ensue if the appropriate answer is not given? Proper research and questioning must be available to get a valid test area (Smith, 2012). Quantitative design in a business setting is set my numbers, things that have actually happened, numerical information is then used to explain the phenomena. Designers have mastered the art of making money, but how many business leaders have mastered design? New projects are considered according to past events. Looking to the past for profits can lead to more profits but not having intuitive thinking can keep a business from exploring new profitable ventures (Woodward, 2010) Combing the two qualitative and quantitative designs can help a business Quantitative data indicate repeatable specifics about the process being studied and qualitative data indicates things that are probably good to know.