'Chapter 2 – research methodology Essay\r'

' commence and Objectives. The aim of the look is to undertake an analysis of the Chinese banking industry systems, processes and products through a representative theme of imprecate of China and HSBC, London. Objectives. The research objectives are as follows :- 1. Assess the over altogether state of the Chinese banking systems, processes and products. 2. prise implementation of systems, practices and processes of the modern banking industry. 3. Evaluate areas for further harvesting and development by Chinese banks. This chapter aims to illustrate the methodology of the research.\r\nIt describes; common research philosophies, research approaches and the research strategy. veal (2000) has described research as â€Å"systematic and mensurable inquiry and search for the truth” or an probe into a assailable to discover facts. What is seek? look for is a well defined area of lease of a particular problem or field of study in its totality or in circumstantial to a p articular area of concern. (Veal, 2000). Research should involve the following characteristics, which leave be kept in mind by the writer while evaluating the subject (Morgan, 2000):- (a) Systematic assembling of data. (b) Analytical interpretation of data.\r\n(c) ontogeny a surmisal and conclusion. The Research Philosophy new-fashioned research has three models; these are positivism, realism and interpretivism. (Cantrell, D. C. (n. d. )). positivism Positivism entails a scientific stance for research and interpretation of data. Thus only those phenomenon which are evident and measurable are regarded as knowledge. Positivists maintain an mugwump and objective stance. (Cantrell, D. C. (n. d. )). Phenomenology (Interpretivism) This is opposite of the positivistic approach and is cognise as interpretivism or phenomenology. (Cantrell, D. C. (n. d. )).\r\nThough positivistic and interpretivism persona are two extremes, most researchers use elements of two practices, which is im plied in realism. This approach is considered the most appropriate for the estimate as the writer will be carrying by a comparative analysis of the Chinese and the British Banking system with a case study of the Bank of China vis a vis HSBC, London. Since banking systems are not unless financial and economic systems but involve societal issues in the context of a broader socio-political environment, a down-to-earth approach to research is considered the most suitable.\r\nResearch cash advance There are two strands, which can be adopted, deductive and inducive. The deductive approach is used when a hypothesis is developed and the research design has to ravel that hypothesis. The deductive approach is amplified by means of a diagram at get word 1 (Trochim, 2000). †Figure 1 On the other hand the inductive approach is related to qualitative data, as a sample used in a case study as contrasting to the large quantum of data which is used in the deductive approach. A theory i s said to be developed from data collection in this approach.\r\nA diagram showing the inductive approach is at Figure 2 to a lower place (Trochim, 2000):-Figure 2 The dynamic nature of the research will entail application of both approaches by the author as in practice almost all the research projects have elements of both the approaches in overhear of the importance of including both qualitative and quantitative findings.\r\nResearch Data In general data contains knowledge collected and recorded in note books, questionnaires, audiotapes, videotapes, models, photographs, films and streak responses. (Veal, 2000). Research data in this case will be the response of selected customers and managers of Bank of China and HSBC, London. found on a questionnaire.\r\n'