“An individual’s level of personal well-being is strongly related to the level of wealth of the household in which they live”

“Relationship between Wealth, Income and Personal Well-being, July 2011 to June 2012”

Summary
This article uses data from the Wealth and Assets Survey (WAS) for July 2011 to June 2012
which, for the first time, included measures of personal well-being. It describes the results of
regression analysis considering the relationships between the total wealth or total income of
the households in which individuals live and their personal well-being. Regression analysis is
a statistical technique which was used to analyse variation in well-being outcomes by specific
characteristics and circumstances of individuals while holding all other characteristics equal.
This allows for a better understanding of what matters most to an individual’s personal well-being
compared to analysis when different factors are considered separately.
Main points
• An individual’s level of personal well-being is strongly related to the level of wealth of the
household in which they live. Life satisfaction, sense of worth and happiness are higher, and
anxiety less, as the level of household wealth increases.
• The levels of household income are less strongly related, with relationships found only with life
satisfaction and sense of worth.
• The net financial wealth of the household appears to be the type of wealth most strongly
associated with personal well-being. In particular, life satisfaction will be higher in households
with greater net financial wealth.
• Levels of property wealth and private pension wealth were not found to be related levels of
personal well-being.

Source

Why philosophy matters to your research project

This Slavoj Zizek video illustrates very well why and for what we need philosophy in our research design. Simply because philosophy helps us to formulate the right research question. Because there are not only wrong answers but also wrong questions.

Example of explanatory research by mean secondary data

A referendum to limit migration from European Union countries took place on 10th February of 2014 in Switzerland. In the score of such event, Alexandre Afonso (2014) and Paul Haydon (2014) did a simple analysis of correlation between the share of migrants population per canton and the share of yes to anti-immigration initiative, based on the results of the referendum. The research question that lies beneath these analysis might be “is there a relationship between the share of migrant population in a given community and the way migration is seen by its members. Interestingly both the graphic and map bellow show that wherever there is less number of immigrants, the rejection of immigrants is greater. It is a clear example of explanatory research, where the main objective is identifying the existence between two or more variables. By the way, Swiss voters narrowly back referendum curbing immigration.

The results of this case, also arose multiples new questions on how public opinion is build. Is there a real problem with immigrants or rather certain media shape deliberately population opinion?

map refer

migrants

Reference list

Haydon, Paul (@Paul_Haydon) (2014) “Map of who voted how in Swiss referendum. Areas with fewest immigrants most anti-immigration pic.twitter.com/uZqicWyvC4” 9th of February, 2014, 6:34 PM

Foulkes, Imogen (2014, February 11). Swiss immigration: 50.3% back quotas, final results show. BBC News. Retrieved from http://www.bbc.co.uk/news/world-europe-26108597

 Afonso, Alexandre @alexandreafonso (2014) “Relationship between share of migrants per canton and share of yes to anti-immigration initiative pic.twitter.com/MEqgN6a4Ww” 9th of February, 2014, 6:31 PM

Qualitative methods for market research. The subject.

After providing in the previous two posts a brief definition of both terms “qualitative method” and “market research“, we are in a position to clarify what Qualitative methods of market research subject is about (see about for further details on this blog). The main objective of the subject is learning how to collect text (and images) information systematically in order to understand the relation between buyers and sellers of a specific product or service that occurs or might occur in the future in a part of the worldMore specifically, the subject will aim the managing of the below qualitative research techniques (as well as its respective emerging online variant)

  1. In-depth Interviews
  2. Narratives
  3. Focus groups
  4. Verbal data
  5. Participant observation and ethnography
  6. Visual data: photography, film and video

Furthermore, a number of secondary objectives must be pointed out. Apart from the collection of information itself, it is necessary to emphasize the importance of the research process as a whole. In other words, you as researcher may manage the above techniques but it would be pointless if you are not aware of a number of steps that all researchers must bear in mind when developing a research project and that forms what is called “research process”. This process, that will be addressed in future posts, goes from the mere formulation of the research question to the final presentation of the results.

Finally, ethics of research, origin and history of market research as well a brief theoretical approaches overview complement the secondary objectives of this subject.

Below you can find the main references taken to the production of the material for the subject´s content.

Flick, U. (2009). An introduction to qualitative research. Sage Publications Limited.

Gummesson, E. (1999). Qualitative methods in management research. Sage Publications, Incorporated.

Ibáñez, J. (1979). Más allá de la sociología: El Grupo de Discusión: teoría y crítica. Siglo XXI de España Editores.

Lewis, Philip, Mark NK Saunders, and Adrian Thornhill. Research methods for business students. Pearson, 2009.

Martínez, P., & Rodríguez, P. M. (2008). Cualitativa-mente. ESIC Editorial.

Mella, O. (1998). Naturaleza y orientaciones teórico-metodológicas de la investigación cualitativa. Santiago: CIDE, 51.

Silverman, D. (2011). Interpreting qualitative data. Sage Publications Limited.

What are the most common weaknesses in formulating a research proposal?

Assuming as a good research proposal the points suggested in the previous post What is a good research? (excepts those on “are you fascinated with it” and “does it match your career goals” since it depends on you) and after having examined around 17 proposals, here you can see the results obtained from a quantitative approach. Please, note that every category has been rated on a scale from 1 to 3 where 1=low compliance level and 3 high compliance level. Therefore, values ​​close to 3 indicate a high compliance while values close to 1 rather low.

ranking 2

Working at theory level when formulating a research

Although the main role of theory is played in more advanced research stages, such as review literature or adopting a research philosophy and approach, the truth is that its importance begins earlier than this: “it should inform your definition of research questions and objectives” (Saunders, 2009). The word theory is probably one of the most misused and misunderstood in education” (Saunders, 2009). What is in texbook is usually seen as “theories”, whereas what is happening in the “real world” is practice. Equally, in the previous post under the title #thenatureofresearch was highlighted that many managers still base their decision making on personal experience rather than in research.

But theory consists of a relationship between cause and effect that it is not only present in the research world but also in our daily life. We all attempt to solve the daily problems that we have to face up in a similar way as scientist. We all constantly make hypotheses and check them according to our experience. Why do you usually take the bus number 3 if the 12, 22 and 48 also go to your destination?. Perhaps because according to your experience, the bus 12 is the least crowded. This schemata that you have in your mind derive in a theory, in your own theory. In doing your own research it works in much the same way. Following the example given in How to turn a research idea into a research question when #formulatingaresearch about unemployment in European Union, you may develop your own theory after identify, for instance, a great relationship between unemployment rate and Gross Domestic Product evolution.

But coming back to the question that head this post, why is theory important in formulating a research, you must bear in mind that before setting such research questions as Why northern European countries registered higher unemployment rate? You must be aware of whether this question has already been answer in previous researches. Would you avoid looking up the buses bulletin board to check the prices that most suit you? In this way you will save the money and time require to check it by yourself. In much the same way, a preliminary review of literature will contribute to know whether your research question has been answer and whether you should formulate a different and not yet answered question such as, How affect unemployment rate in the different European countries in terms of suicide?, just for giving an example. In other words, to create new knowledge and to contribute to see further in your area of knowledge, you must account for the works created by other researchers.

And this idea leads us to the very famous sentence in the science world: “Stand on the shoulders of giants“. To illustrate the importance this idea, below you can see a video of a very nice tradition that take place in Terrasa (CataloniaSpain) so called “Minyons de Terrassa” In this video, a student graduate would probably be represented by the little girl who reach the top while the rest would be the preivous researchers who has worked on your topic. Not every year the little girl achieves the top. Hopefully you will.

watch?v=jHmd2G39VzU

How to write my research objectives

Objectives must always be set after having formulated a good research question. After all, they are to explain the way in which such question is going to be answered. Objectives are usually headed by infinitive verbs such as:

  • To identify
  • To establish
  • To describe
  • To determine
  • To estimate
  • To develop
  • To compare
  • To analyse
  • To collect

Returning to the example given in the previous post about Unemployment in European Union and considering the two research questions posed: (1) What has been the unemployment rate in European Union over the last decade? and (2) Why have northern European countries registered a lower unemployment rate than southern countries?; the objectives could be as follow:

1º To compare the unemployment rate among all European countries.

2º To analyse the unemployment rate evolution from 2002 to 2012.

3º To identify the factors associated with high unemployment rates.

4º To develop an explanatory theory that associates unemployment rate with other indicators such as Growth Domestic Product (GDP).

RELATED POSTS

References

Camino, J. R. (2011). Cómo escribir y publicar una tesis doctoral. ESIC Editorial.

Saunders, Mark NK, et al. Research methods for business students , 5/e. Pearson Education India, 2011. Pearson.

How to turn your research idea into a research question

Once you find a research idea following the questions suggested in previous posts, it is time to turn such idea into a research question. Here are suggested a number of steps you may follow:

1º Identify what scope or organization your research involves. After identifying a sub-branch or area of knowledge you should choose an organization or scope you want to research on. Following the example given in the previous post about the microeconomic sub-branch “unemployment”, you might be interested in the unemployment in the European Union, or in the European Union and China. Maybe you just want to research on your city or region.

2º Formulate a general focus research question. The research question is likely to change over the rest of the research process but now you just need to formulate the question that flows from your research idea. Generally, these questions are headed by an interrogative particle such as what, why or how. Choosing one or another is not trivial. The questions headed by what like “what has been the evolution of  unemployment in the European Union over last decade?” are usually descriptive researches as they consist of a description of a number of collected data.

Some authors like Philip and Pugh (2005) refrain from consider descriptive research (called by them “intelligence gathering”) as properly research although it may form part of your research project. Actually, the answer of this question is commonly the first step in the research process.

Unemployment rates of EU members as of October...

What Philip and Pugh consider research properly is usually headed by the particle “why” (also how). An example of this second question would be: “why do European northern countries register a lower unemployment rate than southern countries?” These questions go beyond descriptive research and require analysis or, in other words, they look for “explanations, relationships, comparisons, predictions, generalizations”. Therefore, the why question part of your research could lead you to work at the theoretical level (you can visit this link to understand what exactly mean theoretical level.

In short, below you can see synthetically the three components of any research question:

Interrogative particle + research idea or sub-branch + scope or organization involved = RESEARCH QUESTION

Ej.

What has been the unemployment rate in European Union throughout the last decade?

Why have northern European countries registered lower unemployment rate than southern countries?

 

References

Lewis, P., Saunders, M. N. K., & Thornhill, A. (2009). Research methods for business students Pearson.

Integrating your research’s idea within its discipline

Try to classify your research idea first into its discipline (Management or related ones), then its branch (let´s say human resources) and finally the precise aspect or sub-branch in which you are interested. Let´s say recruitment. This process was termed as “working up and narrowing down” by Jankowicz (2005:34-6) The Russian dolls illustrate it very well. Every doll is supposed to fit into the following bigger one as well as your idea into a more general area of knowledge. In this metaphor your idea is going to be the smallest one.

This process is crucial for three different reasons:

1. As a way to find a research idea. Perhaps you don´t have even any research idea, but at least you know that you have more preference for, let´s say economic discipline, so that you start reading some general journal on economics. Among all branches you identify within economics you find microeconomic the most interesting and, more specifically, unemployment. Your idea of research could well be “Unemployment in Europe”, here your idea goes!

2. To take a clear direction. The “russian doll process” or “working up and narrowing down” may be reversed. It is, from the most specific one to the most general. Imaging that you have clear you research idea. For example, and continuing with the previous example, imaging that you have clear that you want to research on “Unemployment in Europe” but you haven´t even think over which branch or discipline it drops into. So you must try to identify the immediate more general brach in which unemployment is included. As you can see in the material provided unemployment fits into microeconomic and more generally into economic, which is one of the branch of management science. This process is crucial if you want your research to take a clear direction and, on top of that, to make easier the literature revision and data collection. Searching literature using the keyword “unemployment” in Google, finding relevant information is going to be as difficult as looking for a needle in a haystack. But if you identify the discipline, in our example, economic, you may do a more effective search in a journal dealing with this specific branch, for example European Economic Review. Once in the journal, you can find interesting articles and papers searching by the keyword “unemployment”.

Activity “organizing research ideas by Management branches and sub-branches” by Ester

3. To match your idea with your career goals or the field you are more interested. Finally, integrating your research idea will help you to visualize whether it matches you career goals. In other words, if you want to focus your career in the management branch of finance, you should consider find a research idea that belongs to this branch (see What is a good research) Among other reasons, making a research according to your career, will contribute greatly to your specialization, which is a more and more important factor when looking for job today. And for sure, having a publication on your field of especialty will make you different among any other candidate in a recruitment process, specially when it is published in a recognised journal.

References

Becker, H. S. (2007). Writing for social scientists: How to start and finish your thesis, book, or article University of Chicago Press.

Camino, J. R. (2011). Cómo escribir y publicar una tesis doctoral ESIC Editorial.

Lewis, P., Saunders, M. N. K., & Thornhill, A. (2009). Research methods for business students Pearson.

How to come up with a research idea

Below you will find a number of questions that may help you when generating research ideas:

1º What are your strengths and interest?. Think in previous subjects throughout your graduate. Is there any subject in which your grades have pointed out? Which one have you enjoyed most? Have you ever performed a remarkable work on a specific discipline or academic area?

2º Have you checked previous years research titles? Get inspired by previous years works. Ask your professor or supervisor for them.

3º Have you discussed your ideas with somebody? Remember how “post-it office” product was invented. The interaction with workmates was a key point. Get rid of your fears and shame and talk friends and classmates. It will be helpful to shape your idea and make it feasible. On top of that, in today´s social network society there are many professional and academic networks where you will find people willing to test your ideas.

4º Have you done a preliminary literature search? After discussing with mates, professor or in forum, you might also be suggested relevant literature. You can also have a look to some of the practitioner or academic journals such as the ones you can find in the right-side column. Look up possible books or reports in your library database. Review articles are of special interest for you since they usually contain a considered review of the state of knowledge in a particular area and suggestions of further research needs. One of them could be undertaken by you. On the other hand, books might not be up to date but by contrast offer a good overview of research that has been undertaken so far.

5º Are you up to date with media? Keeping up to date with items in the news can be a very rich source of ideas

Examples of research topics used for the second week activity in order to distinguish between applied and basic research

Brainstorming and relevance trees. It is best brainstorming with a group of people, although you can do it on your own. According to Moody (1988), you should first define your problem or sort of idea you are interested in and subsequently, ask for suggestions, relating to the problem.

RELATED POSTS

Integrating your research´s idea within its discipline

10 essentials for a good research proposal

4 crucial things to bear in mind before undertaking your own research project

How to turn your research idea into a research question

How to write my research objectives

 

Reference list

Becker, H. S. (2007). Writing for social scientists: How to start and finish your thesis, book, or article University of Chicago Press.

Camino, J. R. (2011). Cómo escribir y publicar una tesis doctoralESIC Editorial.

Castells, M. (1996). The rise of the network society (Vol. 1, No. 996, pp. 1-25). Oxford: Blackwell Publishers.
Moody, Paul E. Decision making: Proven methods for better decisions. New York: McGraw-Hill, 1983.

Saunders, M. N., Saunders, M., Lewis, P., & Thornhill, A. (2011). Research Methods For Business Students, 5/e. Pearson Education India.