The research approach refers to the plans and procedures need to be incorporated in a study. These plans are explained step by step from the broad assumptions to the detailed methods. The research approach decides the method to be followed while collecting, analysing, and interpreting data. The basic idea behind determining the research approach is to opt an approach which will be used to study the topic. The decision of the research approach is based on numerous elements that are being talked about in the study.
There are three approaches associated with the research approach. Such as:
These three approaches are not as discrete as they appear. In fact, they are dependent on each other by some or the other way. Qualitative and Quantitative can be viewed as flexible, indistinct categories, and similar. Likewise, the mixed method incorporates the elements of both qualitative and quantitative approaches.
The distinction between Qualitative and Quantitative research can be made on the basis of words (qualitative) rather than numbers (quantitative) or using closed-ended questions (quantitative) rather than open-ended questions (qualitative). Read below for further information related to the three research approaches:
Criteria for selecting a research approach
Till now, you must have some clear thoughts regarding the three methods in the research approach. Now, you will see what are the factors that affect the choice of the research approach.
Choosing an appropriate research approach is a vital decision to make. It is like picking a corresponding key for opening a lock. The results of your study would be valid only when you will select an appropriate research approach. The points mentioned above influence decision for research approach. First, the researcher needs to check the audience, research problem, and the preference then they should decide about the approach. The ultimate objective is to find the truth with diverse research approaches. If the quantitative approach has a scientific orientation, then the qualitative approach is an art, you should think before deciding on the research approach.
So for all those students who have opted to do their post-graduation in marketing it is project time and they have to choose a topic on which to do research on. Now as everybody knows marketing involves a great deal on building relationships. Those companies that merely try and sell products to customers and do not think about much else invariably fail in the long run.
But those companies, which focus on building long term relationships with the customer and gain their trust, find that they have some loyal clients for life who are even prepared to, go the extra mile and pay more money for their products and services. In a fiercely competitive marketplace where so many firms are jostling for a piece of a small pie, it is but natural that companies with the best relationships and the best marketing strategies will eventually win the day.
Marketing students would be well advised to do research on this topic. This is a topic that will never get old. The nature of human society is changing all the time and marketing managers constantly want to know what people are thinking and how they are influenced by relationships with companies and their products.
Companies often go out of their way to build relationships with customers. They offer seasonal discount on their products, they introduce loyalty card schemes, they try and open stores that are close to where the customers live, and they have tie-ups with other companies so that they can offer a larger bouquet of products. Students can look into which of these schemes are successful and which ones are not and what are some of the most innovative schemes in the market. Once they develop a deep insight into the mind of the customer then they will find that their path in the world of marketing becomes a lot easier.