Research methodology for business m.com part 1 sem 2 notes pdf | What is Review of Literature? Elucidate its significance
IDOL Mumbai University important questions bank M.com Part 1 (sem. 2) RESEARCH METHODOLOGY FOR BUSINESS Q.5. What is Review of Literature? Elucidate its significance. ANS: Meaning The researcher must consult the available publications such as books, journals, magazines, research reports and similar other publications before starting his/her own research activity. ROL refers to extensive review of literature relating to research problem which researcher intends to undertake. Such ROL provides good insides into research problems and get familiar with previous research studies undertaken. Significance of Review of Literature (ROL) 1) Get background knowledge of research problem: A research problem is a question that a researcher wants to answer or a problem that a researcher wants to solve. ROL helps researcher to get background knowledge of Research Problem. 2) Helps to identify gaps in research: Research gap refers to the areas which are not explored in the past researches. ROL enables the researcher to identify the gap in research, conflicts in previous studies, open questions left from other research. The researcher can make an attempt to fill this gap by undertaken research activity. 3) Help to formulate research hypotheses: Hypothesis is an assumption made to explain certain fact or provide basis for further investigation. It is tentative in nature and it may prove to be correct or incorrect. Past studies or ROL helps researchers to frame hypothesis for his/her current studies. The researcher collects data which may prove or disprove the hypothesis. Based on the result of hypothesis testing a conclusion can be drawn. 4) Get familiar with methodology adopted by other researchers: Research methodology is the specific procedures or techniques used to identify, select, process, and analyze information/data about a research problem. ROL enables researcher to get familiar with methodology that is used by other researchers in their researches. Accordingly, he/she can decide his/her own methodology in terms or target population, sample size, method and technique of data collection and analysis and so on. 5) Prepare research design: Research design is a logical and systematic outline of research project prepared for directing, guiding and controlling a research work. With the help of ROL, a researcher can prepare his/her research design. Research design keeps research work on right track and help to complete research in time. 6) Prepare sample design: A sample design is the framework, or road map, that serves as the basis for the selection of a survey sample. In a research, it is not possible to collect data from entire population/universe due to constraints of time, money and energy on the part of researcher. So researcher needs to select samples from population/universe of research. Sample selected must be true representative of the population/universe of research. ROL helps researcher to prepare proper sample design. 7) Get familiar with data collection sources and data analysis techniques: For the purpose of researcher primary or secondary or both data can be used by a researcher. The primary data can be collected by observation, survey or experiment method. Secondary data can be collected from library, internet, reports etc. Collected data needs to be analysed to draw conclusion out of it. Various statistical tools can be used such as correlation, measures of central tendency and so on for the purpose for data analysis. ROL facilitates to get familiar with data collection sources and data analysis techniques used by other researchers. 8) Understand findings of other researchers and their conclusions: ROL helps researcher to understand findings of other researchers and their conclusion. It can be basis for researcher’s own further research activity. 9) To compile bibliography: Bibliography is a list of sources used in our research. The main purpose of a bibliography entry is to give credit to authors whose work researcher has consulted in his/her research. ROL helps researcher to refer bibliography of others researchers to find out more about the topic by exploring into their research. 10) Understand the structure of research report: Research report is a written document containing key aspects of research project. After the research work is completed, the findings along with recommendations are presented in the form of research report to the authority for the purpose of further decision making. So ROL enables researcher to understand the structure of research report. If you want exam most important question bank pdf then you have to pay per subject 100/- rupees only . 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