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Copyright Ruth A Pagell LI KA SHING LIBRARY STAFF TRAINING Introduction to Business Research Ruth A. Pagell July 2010 Singapore Management University Research Guide

Introduction to Business Research

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Page 1: Introduction to Business Research

Copyright Ruth A Pagell

LI KA SHING LIBRARY STAFF TRAINING

Introduction to Business Research

Ruth A. Pagell

July 2010

Singapore Management University Research Guide

Page 2: Introduction to Business Research

Copyright Ruth A Pagell

LI KA SHING LIBRARY

Business Research

Course Outline for Business Research

Concepts, Context and Content Introduction

Business Research

Information Resources

Journals

Books, Reports and Finding Aids

Contacts (people)

Business Websites and Business Researchers

Database

News

Availability

Introduction

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Copyright Ruth A Pagell

BUSINESS RESEARCHOther Modules

• Search and Retrieval – web and commercial databases

• Companies

• Accounting and Corporate Finance

• Financial Markets

• Competitive Intelligence

Industry and Comparisons

Marketing and Demographics

• Economics and Data

• International Business and Foreign Trade

Introduction

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Copyright Ruth A Pagell

OBJECTIVES for Business Research

• Introduce business research as a process

• Discover the scope of business information

• Identify major business information providers

Introduction

Page 5: Introduction to Business Research

Copyright Ruth A Pagell

SKILLS OF THE Research Information Professional

• Familiarity with business information products and services

• Ability to organize, access, retrieve and evaluate business resources

• Knowledge of business information pitfalls

• Awareness of your organization’s strategy and your users’ needs

• Awareness of trends and issues in the library/information profession

Introduction

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Copyright Ruth A Pagell

ROLES OF THE Research Information Professional

• Reference Librarian – interviewing and answering questions

• Consultant – Working with clients to meet ongoing research needs

• Trainer – Teaching users and other staff members to use tools themselves

• Marketer – Learning client needs and proactively informing them of your services

Introduction

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Copyright Ruth A Pagell

ROLES OF Users of Business Information

• Faculty, researchers and analysts• Students• CI, KM professionals• Consultants• Investors• Journalists• Job seekers• Governments and NGOs• Lawyers• Business information professionals

Introduction

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Copyright Ruth A Pagell

BUSINESS RESEARCH as a Process

• Delivery of more timely, more accurate more focused organizational knowledge

• Better interactions with your users and more buy-in

• More productive effort

Business Research

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Copyright Ruth A Pagell

WHY DO BUSINESS RESEARCH

Business Research

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Copyright Ruth A Pagell

BUSINESS RESEARCH TRIANGLE

Country and Trade Resources

Company Resources Industry Resources

News

Periodical Articles

Research Reports

People

Data

Business Research

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Copyright Ruth A Pagell

WHY BUSINESS QUESTIONS are Different

• Time value

• Vocabulary

• Number of commercial and free sources

Business Research

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Copyright Ruth A Pagell

RESEARCH

Identify Types of Questions

• Conceptual

• Analytical

• Historical

• Data and Factual

Business Research

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Copyright Ruth A Pagell

RESEARCHConceptual Questions

Q: Explain the fundamental theories of TQM

Q: What are the underlying assumptions for Porter’s 5 forces?

Business Research

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Copyright Ruth A Pagell

RESEARCHAnalytical Questions

Q: What effect do integrated resorts have on the economy of Singapore?

Q: Does the Singapore real estate market behave like the economic theories of supply and demand?

Q: How do Porter’s 5 forces apply to competitive intelligence?

Business Research

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Copyright Ruth A Pagell

RESEARCHHistorical Questions

Q: What was Singapore’s position in world trade in the early 20th century?

Q: Track the rise and fall of the U.S. steel industry in the 20th century

Business Research

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Copyright Ruth A Pagell

RESEARCHFactual Questions

Q: Who are Singapore’s Top 1000 companies?

Q: Is it true that Singapore has more internet users

then any other ASEAN country?

Q: What companies are importing and exporting

soybeans in Southeast Asia?

Business Research

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Copyright Ruth A Pagell

RESEARCHData / Statistical Questions

Q: List the monthly Sing$ / US$ exchange rate from 1990

Q: How many internet users are there in Singapore?

Q: How many soybeans are being imported into Singapore? Malaysia?

Q: What is Singapore’s GDP?

Business Research

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Copyright Ruth A Pagell

RESEARCHEvaluation of Questions

Data - Is it answerable?I want monthly Gross Domestic Product (GDP)

Data – is it correct? I want 2009 GDP data for Singapore

Is it reasonable? I want free commercial market research reports

How current is current? I want breaking news

Is it from a reliable source?

Business Research

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Copyright Ruth A Pagell

INFORMATION RESOURCESUsed in Business Research

Journals – Magazines Books Finding Aids Specialized Reports Newspapers and Newswires Data Contacts Directories. Dictionaries & Encyclopedias Web Sites

Information Resources

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Copyright Ruth A Pagell

INFORMATION RESOURCESWhich are Important?

KM STUDENTS (n=16)

Web sites Contacts * Data * Special Reports Journals * Finding Aids Directories, etc. News Books *

Library Staff (n=17)

Journals * Web sites Books * Finding Aids Special Reports Contacts * News Data * Directories, etc

2.94

3.25

4.25

4.75

5.56

5.75

5.94

6.00

6.38

2.88

3.38

4.82

5.06

5.19

5.28

5.29

5.35

7.50

* Noticeable ranking differences between KM students and library staff

Information Resources

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Copyright Ruth A Pagell

> 2 years 1 to 2 Years Less than a year

Monthly Monthly to Daily

Hourly to Real Time

Academic Book

Trade Book

Print Directory

Web Directory

Trade Magazine

News –

paper

Media News

Academic Journal

Academic Article Working Paper

Journal to Database

Website Indexing

IGO Compiled Data; GDP actual

National Annual Data

GDP Quarterly

CPI Unemploy-ment

Foreign Exchange

Company Annuals

Market Research Report

Company filings

Investment Bank Report

Press Releases

Stock Quotes

INFORMATION RESOURCESTimeliness of Business Sources

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Copyright Ruth A Pagell

INFORMATION RESOURCESJournals

Top Business Publications downloaded from EBSCO or Proquest

Business News Magazines Economist Business Week Forbes Fortune Newspapers USA Today (Top Download - >12,400) Wall Street Journal Eastern Edition Financial Times

Trade & Industry Publications Advertising Age WWD (Women’s Wear Daily) Computerworld

downloaded between January – April 2010

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Copyright Ruth A Pagell

INFORMATION RESOURCES JOURNALS

Top Business Publications downloaded from EBSCO or Proquest or Science Direct

Popular Business Journals Harvard Business Review (>11,000)

Scholarly Journals Academy of Management Journal (>1100 in EBSCO) Journal of Business Ethics Management Science Journal of Marketing (>540 in EBSCO) Journal of Financial Economics (SD) Journal of Asian Studies

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Copyright Ruth A Pagell

INFORMATION RESOURCES Books

Characteristics of the Business Book

Popular: “How To”, written by consultants; ephemeral for latest trends, basic understanding

Scholarly: Written by academics and researchers; often dated; for conceptual, historical and analytical questions

Reviews and the Business Book Favorable and unfavorable book reviews: A quantitative study (1995) “Previous writers have consistently found a high percentage of favorable book reviews in trade and scholarly journals. “

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Copyright Ruth A Pagell

INFORMATION RESOURCESSpecialized Reports

Market Research Reports

Investment Bank Analysis

Industry Surveys

White Papers

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Copyright Ruth A Pagell

INFORMATION RESOURCESFinding Aids

Indexes & Abstracts

Research guides

FAQs

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Copyright Ruth A Pagell

INFORMATION RESOUCESDirectories, Dictionaries and Encyclopedias

• Companies

• Associations

Professional Bodies:

Library Association of Singapore

Trade Associations:

Singapore Clock and Watch Association

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Copyright Ruth A Pagell

INFORMATION RESOURCES Contacts

Other people in

• your office

• your organization

• your industry

• your professional organizations

Social networks

Friends and family

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Copyright Ruth A Pagell

INFORMATION RESOURCESContacts

People

Professional contacts - Linked In

Websites - Jigsaw; ZoomInfo

LexisNexis>Legal>Reference>Directories

Zoom People Information

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Copyright Ruth A Pagell

INFORMATION RESOURCESDirectories - People

Jigsaw.com

LexisNexis Legal >Reference>Directories>Zoom People Information

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Copyright Ruth A Pagell

INFORMATION RESOURCES Business Librarianship

Mary Ellen Bates – columns in Online, E-Content (formerly Database)

Marydee Ojala –The dollar sign column in Online, E-Content, Database

Journal of Business and Finance Librarianship (EBSCO LISTA) embargo

Business Information Review (Sage)

The Information Advisor’s BestBizWeb

Best of the Best Business Websites (Free Resources)(2009) Reference & User Services Quarterly Fall2009 49(1)52;63,64 First annual – very limited (PQD,EBSCO)

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Copyright Ruth A Pagell

INFORMATION RESOURCESSources of Business Web sites

CEOExpress, the executive’s internet

Gary Price’s List of Lists (and link to Gary Price’s Resource Shelf NOTE: While lists may be dated, they serve as a finding aid to sources

Scout Report and Archives is a database of over nine year’s worth of annotations to carefully selected Internet sites and mailing lists

World Bank Documents and Reports

Doing Business 2010 project arranged by country or region or topic (World Bank)

GlobalEDGE, from Michigan State’s CIBER initiative, with information, insights, and learning resources on global business activities

.

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Copyright Ruth A Pagell

INFORMATION RESOURCESKey Business Database Providers

Dow Jones / FactivaLexisNexisEBSCO/Business Source PremierProquest/ABI InformEconLit*Thomson Reuters/ISI Web of

Science*

Thomson Reuters/ Thomson One/Research

Bloomberg

Euromonitor* (GMID)Datamonitor –MarketLine

*

EIU /Economist * Intelligence Unit

OneSourceEmerging Markets Information Service

(Internet Securities)

World Development Indicators (WDI from World Bank) *

International Financial Statistics (IFS from International Monetary Fund)

CEIC (data aggregator – from Internet Securities)

Standard & Poors*Mergent*

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Copyright Ruth A Pagell

INFORMATION RESOURCES Data /Statistics

Financial Corporate finance; security markets

Economic National accounts, “cost of living”

Demographic People, income, education

Trade Imports, exports, balance of trade

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Copyright Ruth A Pagell

INFORMATION RESOURCESNews

o NEWSPAPERSo NEWSWIRESo MAGAZINESo BROADCAST

TRANSCRIPTS

o TV STATIONSo RADIO STATIONSo WEB SITESo COMMERICAL

SERVICES

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Copyright Ruth A Pagell

INFORMATION RESOURCES

NEWS

Characteristics of news websites

• Frequency of update; currency of news –• Access rights – free, registration, fee-based

Headlines, lead paragraph or whole article

Selected articles? • Date range of available articles• Media- TV, radio, video• Number of languages for searching, reading, listening

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YAHOO Google

Straits Times

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INFORMATION RESOURCESNews

13:03 Singapore Standard Time, 12 June

BBC

Factiva

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Copyright Ruth A Pagell

AVAILABILITYof Business Information

Free Public Information A company phone number A listed company’s sales figures

Information for a price:

A private company’s sales figures/credit rating

Proprietary Information - not available for any

price - Coca-Cola’s formula * The Atlanta Journal and Constitution, June 26, 1999, Inspector Clouseau strikes again! Coke recipe found, Charles W. Holmes,

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Copyright Ruth A Pagell

AVAILABILITYof Business Information

Origin: Press release, government, internal document; private citizens on the web

CONTINUUMIndustry:Major manufacturing (textiles)…..wholesale/retail/service …..sector

Organization Type: Listed company… Private company… SME…Partnership… Nonprofit

Country of origin:

US, EU, Asia / Group of 8 / developing

Cost: Free… free with registration…commercial rates

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Copyright Ruth A Pagell

Match the Questions

1. What effect have strategic alliances had on the airline industry

2.. Who invented Coca-Cola

3. What is the population density of Singapore

4. Trace the globalization of the Korean automobile industry

5. Describe the Random Walk theory

a. Conceptual

b. Analytical

c. Historical

d. Factual

e. Data

Questions Types

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Copyright Ruth A Pagell

TRENDS

Disaggregation of standard resources

Lack of distinction between data, information, knowledge and opinion

Open access to scholarly information

Toggling between commercial and free sources Research is interactive – go where it takes you!