Exploratory research is used when little is known about a topic to uncover hidden facts and phenomena. It helps companies identify opportunities and problems. For a new baby shampoo launch, Dove would use exploratory research like surveys, interviews, focus groups and observations since little information exists on kids' baby care products. This allows Dove to understand customer needs and determine if expanding their product line is worthwhile. Exploratory research provides flexibility to adapt as understanding develops, helping Dove determine if the product is worth further investment.
Exploratory research is used when little is known about a topic to uncover hidden facts and phenomena. It helps companies identify opportunities and problems. For a new baby shampoo launch, Dove would use exploratory research like surveys, interviews, focus groups and observations since little information exists on kids' baby care products. This allows Dove to understand customer needs and determine if expanding their product line is worthwhile. Exploratory research provides flexibility to adapt as understanding develops, helping Dove determine if the product is worth further investment.
Exploratory research is used when little is known about a topic to uncover hidden facts and phenomena. It helps companies identify opportunities and problems. For a new baby shampoo launch, Dove would use exploratory research like surveys, interviews, focus groups and observations since little information exists on kids' baby care products. This allows Dove to understand customer needs and determine if expanding their product line is worthwhile. Exploratory research provides flexibility to adapt as understanding develops, helping Dove determine if the product is worth further investment.
In today’s modern business world, all businesses seek to protect themselves
from all manners of problems that might undermine and weaken them. Hence, it is important for business to identify the problems through various resources and eliminate them. Business research is a process of acquiring detailed information of all the areas of business and using such information in maximizing the sales and profit of the business. It helps companies to find the types of products or service which are in demand. Research can be done for anything to acquire knowledge or information for a professional or commercial purpose which helps a company or a business to find the opportunities and goals. There are various methods for identifying the problems in a business such as exploratory research, quantitative research, descriptive research etc. Exploratory research is used for identifying the problems in a business where no prior information is available. This method is conducted for a research problem when there is no past data or only a few studies or data is available for a reference. In this type of research, a researcher tries to uncover the hidden and unknown facts and phenomena. The main focus of this method is discovering new ideas and acquire knowledge and information. For a beauty care product company Dove who is launching a new shampoo for kids Needs to develop a research methodology to identify the opportunities from the market. As there is not much information available because very less companies are into the baby care product, Dove will have to use the exploratory research methodology to find out if expanding their product line will enable them to get more customers. There are two methods for conducting exploratory research i.e., is through primary and secondary research methods. These two methods help in recognizing problems that can be the basis of research in the future. Types and methodologies of Exploratory research A. Primary Research method: In primary research method the data is collected directly from the subject, they can be an individual auto group of people. Here a Dove can directly conduct primary research, or they can hire a third party to carry out such research. In this method a particular problem that needs to be studied in detail we generally studied through various steps. i. Surveys/polls: In this step data is collected from a group of predetermined subjects they are sent some questions which they have to answer through online or offline medium. It is the most vital quantitative method in which opinions, trends, etc. can be explored. Similarly, Dove can prepare a set of questions for people which they will have to answer or select one of the options which will give them an idea about the likes and dislikes of the people. ii. Interviews: In this method a researcher takes a personal interview of a person who are targeted to get more detailed data compared to the lot from public sources. Hence, Dove can take an interview of mothers about the types of products or a shampoo they would choose for their kids because mother is the one who decides the product for their child. iii. Focus groups: In this method researchers ask a group of chosen people to express their thoughts about the research topic. It is very important for the researcher to ensure that the people of a focus group have similar background and experiences. similarly, Dove should also focus on a parent especially mother and take their views and thoughts about the baby care product that is shampoo that they are using for their kids. This will give Dove ample amount of data to go through and categorize the product for a successful launch. iv. Observations: This is a method which can be quantitative or qualitative because a person is analyzed in this method and the findings are aligned with the person's reaction to certain parameters. There is no direct communication between a researcher and the subject. Dove can hire people or volunteers and ask them to observe parents in the shopping complex or grocery stores about their buying behavior towards a baby care product. B. Secondary research method: In this method information is gathered from previously published primary research. Data is collected from various sources like magazines books newspapers case studies Internet etc. Similarly, Dove scan collect information from various sources which are already published. So, some are explained below. i. Online Research Method: Internet is a sea of information. It provides plenty of data which can be downloaded whenever needed by the researcher. Dove can collect an information of the competitors and baby care products from the Internet related to the shampoo for kids which will help them in taking various decisions for the launch of new product. They will also have to confirm the originality and authenticity of the websites and the information available. ii. literature research: It is a most economical method of finding information on a related field of knowledge. There are various sources like libraries commercial databases online sources which already have a lot of data available with them. Thus, Dove Can collate information from various sources where no prior information is available there are other methods like case study research. In this method researchers must ensure a thorough analysis of variables that the previous cases have similar to those of the present case. Existing cases facing similar problems can be analyzed in detail to find more data and information through various case studies. Various business organizations healthcare sectors social science sectors use this method of research for identifying their problem. The exploratory research has flexibility and adapt to the changes that helps to carry the research forward. It will help Dove in the initial stages to determine if the topic is worth studying investing resources and time. Variable causes can be found through this method, and this causes can be studied in depth to find most probable cause and solution. It is generally economical method and rules do not particularly apply while conducting the research. Q2. Answer: Literature review is a critical recap of what has already been researched on a topic it could be anything from books journal articles or other sources. Literature review is so important to find out what's already known about the topic and how other researchers have approached it. It gives reader a critical overview of the existing knowledge which shows how the research fits in it's good to look at the methodological approaches. It finds out what's missing from the current knowledge so that we can contribute something original that is not done before. Literature review provides an insight into the past studies and elaborates on the work done in a particular area. A literature review is " the selection of available documents both published, and one published on the topic, which contains information, ideas, data and evidences return from a particular viewpoint. Literature reviews help to identify the development in the field of study. It is useful in finding the information source and the research methodologies, helps to evaluate the gaps in the literature that can become problem. it validates the originality of research project and helps to evaluate the methods and identify the errors to avoid it. Literature review highlights the weakness, strengths, and controversies of topic. Conducting a literature review: Step1: Search for relevant literature on your topic: In this context literature just means any academic sources like books or journal articles about the topic. First, we need to search in the right scholarly database so something like Google, Scholar pub Med or science direct search keywords with Boolean operators to help filter and refine the search results. Step 2: Evaluate and select sources: Unless the topic is super niche, we probably can't read everything that's been written on the topic. Once we've got the sources from step one, we need to read the abstract to scan whether an article is relevant or not also need to scan the bibliography to find other relevant sources. We should also pay attention to the citation count on Google Scholar if the count is high the source is probably important, and we should include it. Step 3: Identify themes debates and gaps: As we read and take notes, we need to pay attention to the connections between different sources. This way we can organize the literature reviews arguments and structure a lot easier. We should look for trends, patterns and theories, methods or results, themes debates are contradictions influential studies and gaps. Step 4: Outline the literature review structure: We can go about the literature review structure in a few ways, it all depends on what we found in the literature and what we want to emphasize. There are four common approaches to structure the literature review; chronological that means from older to more recent publications, thematic so organized around several key themes for; methodological you can compare the different research methods being used across studies. As for theoretical we use it to discuss opposing theories or models. Literature review should have an introduction, main body that summarizes and synthesizes the sources and a conclusion just like other academic texts.