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This is a model of research. In this model collection and study of information are considered as layer of onion each layer shows each stage of studies.
Exploratory Research:
This is a method of research using to evaluate the issues and the possibilities of a firm. Forms of this study are secondary data investigation, experience surveys, Pilot studies, focus groups, and pilot study of case analysis. It is mainly based on qualitative information other than the quantitative factors. This method will be helpful to find out the quantitative information about IOCL and Indian Oil and Gas Industry.
Conclusive research
If considering a conclusive research on IOCL. To find out the quantitative data we have to apply two different type of conclusive research. A.Descriptive Research This method have been using widely for the researches to study the current position, evaluate the industry and the competitive nature. (DJS Research, 2011). This method is using to analyse the effect of the Crude oil price of IOCL in Indian oil sector. B. Causal Research This method used to find the factors that cause another issues for the company. It is the evaluation of cause and effects of factors (MJ Research, 2008). Here In the case of IOCL, competitors plays in the downfall of market share price.
Taking decision on what type of sample should have to choose for study or survey. Method of planning the steps and the procedure to collect the information from the sample of people that available (OECD, 2006) Cost Effectiveness Reasonable Factors Thorough Study
Time Management
1.4.1
PROBABILITY SAMPLING
In this method the researcher can accept a sample from a population of same nature. Its a method of collecting samples from a population having equal chances to be selected. There are three types of probability sampling.
This can be says as collection of samples from a specified category of population. It can be says as taking a sample from workers in the IOCL in India and taking information from them. Sample selection will be a random process and cannot be estimate respondents nature. Essentials in non-probability are chosen arbitrarily and there is no chance to estimate any individual built in the sample. (StatisticsCanada, 2009)
This method is consisting of three steps they are, Historical Research it includes with secondary data collection. In this step should have to collect all the previous data including qualitative and quantitative data. While considering IOCL, collection of information about domestic production of oil in last 8 years.
Key Informants is collecting of primary data consisting of qualitative nature. Collection of information regarding performance of HR in IOCL is involved in this step.
Surveys final step of collecting data through surveys from samples, customers workers etc it is also a primary data collection. Collection of information of IOCL by giving
questionnaires to customers. This data are consisting of both qualitative and quantitative data.
(Koppa, 2011) This figure shows the methods and areas of data collection data collection. In this figure it describes about the steps of the collecting data.
8/9/2012 28/9/2012 18/10/2012 7/11/2012 27/11/2012 17/12/2012 6/1/2013 RESEARCH PROPOSAL SUBMISSION
LITERATURE REVIEW
RESEARCH DESIGN
QUESTIONNAIRE DESIGN
DATA COLLECTION
1.8 BUDGETING