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Week 5 secondary data exploration

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Chapter 5 Chapter 5

Clarifying the Research

Clarifying the Research

Question through Secondary

Question through Secondary

Data and Exploration

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Learning Objectives Learning Objectives

Understand...

The purpose and process of exploratory research. The two types and three levels of management

decision-related secondary sources.

The five types of external information and the

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Learning Objectives Learning Objectives

Understand . . .

The process of using exploratory research to

understand the management dilemma and work through the stages of analysis necessary to

formulate the research question (and, ultimately, investigative questions and measurement questions).

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Clarifying the Research Question Clarifying the Research Question

Reduces Information Overload Reduces Information Overload

“Companies are certainly aware of data

mining, but most companies are not making effective use of the data collected. They

are not so good at analyzing it or applying these insights to the business.”

Gregory Piatetsky-Shapiro

(5)

PulsePoint: PulsePoint:

Research Revelation Research Revelation

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The percent of financial executives

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Exploratory Phase Exploratory Phase

Search Strategy Search Strategy

Search Strategy

Discovery/ Analysis Secondary Sources

Individual Expert

Interview

Group

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Integration of Secondary Data Integration of Secondary Data

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Objectives of Secondary Objectives of Secondary

Searches Searches

Expand understanding of management dilemma

Gather background information

Identify information to gather

Identify sources for and actual questions

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Conducting a Conducting a

Literature Search Literature Search

Define management dilemma Define management dilemma

Consult books for relevant terms Consult books for relevant terms

Use terms to search Use terms to search

Locate/review secondary sources Locate/review secondary sources

Evaluate value of each source and content

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Levels of Information Levels of Information

Primary Sources:

Internal records

Secondary Sources:

Newscasts

Tertiary Sources:

Indexes Bibliographies

Internet

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(13)

The

U.S. Government is the

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Information Sources Information Sources

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Evaluating Information Sources Evaluating Information Sources

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The Evolution of Data Mining The Evolution of Data Mining

Evolutionary Step Investigative Question Enabling Technologies Characteristics Data collection

(1960s) average total revenue “What was my over the last five

years?”

Computers, tapes,

disks Retrospective, static data delivery

Data access (1980s) “What were unit sales in California last

December?”

Relational databases (RDBMS), structured

query language (SQL), ODBC

Retrospective, dynamic data delivery

at record level

Data navigation

(1990s) “What were unit sales in California last December? Drill down

to Sacramento.”

Online analytic processing (OLAP),

multidimensional databases, data

warehouses

Retrospective, dynamic data delivery

at multiple levels

Data mining (2000) “What’s likely to happen to

Sacramento unit sales

Advanced algorithms, multiprocessor computers, massive

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Stage 1: Clarifying the Research Stage 1: Clarifying the Research

Question Question

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Management-Research Question Management-Research Question

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Formulating the Formulating the

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Types of Types of

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The Research Question The Research Question

Determine necessary

evidence Determine necessary

evidence Examine

variables Examine

variables

Break questions

down Break questions

down

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Performance Considerations Performance Considerations

Investigative Questions Investigative Questions

Attitudinal Issues Attitudinal Issues

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Harris Interactive answers “Why?”

(28)

Gantt Chart Gantt Chart

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Key Terms Key Terms

Bibliography

Bibliographic Database Data Mart

Data Mining Data Visualization

Data Warehouse Dictionary

Directory Encyclopedia Expert interview Exploratory research

Handbook Index

Investigative questions Literature search Management question Measurement question

– Custom-designed – Predesigned

Primary sources Research questions

Secondary sources Source evaluation

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Appendix Appendix

5a 5a

Bibliographic

Bibliographic

Database Searches Database Searches

Appendices Appendices

5b 5b

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Searching Databases vs. the Searching Databases vs. the

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Review of Advanced Search Review of Advanced Search

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