The research process in economic and management studies typically involves these stages:
Economic and management research refers to the systematic process of collecting, analyzing, and interpreting data to solve problems, test theories, or make informed decisions in business, economics, and organizational contexts. For students in HMEMS80 (Research Methodology), understanding this research domain is essential for completing a successful research proposal or project. The research process in economic and management studies
| Paradigm | Ontology | Epistemology | Common Methods | |----------|----------|--------------|----------------| | Positivism | Objective, single reality | Observable facts, measurement | Surveys, experiments, econometrics | | Interpretivism | Subjective, multiple realities | Meanings, interpretations | Interviews, case studies | | Pragmatism | Reality is practical | What works for the problem | Mixed methods | and interpreting data to solve problems
For HMEMS80: You are expected to justify your chosen paradigm based on your research question. or make informed decisions in business