Professional Research and Analysis Economical Approach

Question: Describe about the Professional Research and Analysis for Economical Approach. Answer: Definition and comparisons of the alternative approach Research requires being conducted in a parsimonious manner which means that it should be performed in the economical and straightforward method. Simplicity in explanation of various problems and generalizing solutions relating to the problems is preferred as opposed to complex research framework. The economy in research models may be achieved by way of considering less number of variables which leads to greater variance rather than considering more number of variables leading to less variance (Dubois and Gadde 2002). Rigor, on the other hand, adds to thoroughness and degree of accuracy in the research. A sound theoretical base and proper methodical design add rigor to the study. Rigor research is the study that applies appropriate research tools to fulfill the desired objectives of the investigation. Rigour describes the condition of strictness (Kolbe and Burnett 1991). Business instances of parsimony and research Parsimony may be applied to a wide range of subjects and topics. The instance below would elucidate parsimonious approach towards a particular subject. An example could be that of an entity that has four species amongst which all have wings, but only three may hover while flying. The most relevant parsimonious model would be that all four species have one ancestor and that assumption would hold true if only the presence or absence of wings is looked upon, but not when the absence or presence of hovering is added. When the second trait is added, it is more likely that the three species that hover have a common ancestor than that the trait of hovering arose from two different evolutionary paths. Thus, the most parsimonious tree would have a branch linking the three hovering species with a single common ancestor and then link that common ancestor with a common ancestor for all four species, the root species. Rigour methodology may be applicable in the healthcare industry wherein; the methodology could be applied to determine the meaning of a phenomenon through description. It aims to develop various concepts that help in the understanding of natural phenomenon with special importance over the experiences and views of participants. This mode of research entails over content analysis, semantic network analysis, and others. The rigor model would help the researcher to apply multiple approaches by collaborating through to the research topics and models to derive the desired result (Le Roux 2016). Analyses of specific circumstances where each approach is relevant and interrelation with each other At the outset, it is worth saying that it is not possible to fulfill all the investigations that are hundred percent scientific like in the case of physical science. As far as practice is concerned, both Parsimony and Rigour model of research methodology is related to the establishment of the hypothesis. The two alternative statements meant for the same phenomenon and in the vent of the absence of difference between them, the simplest method deserves special mention against other. To fulfill the criteria of parsimony, various features mainly scientific fundaments that come with an adequate hypothesis, along with detailed project description should be taken into account which forms a part in performing research organizations. As far as research is concerned, parsimony refers to the mode of simplest explanation about the largest number of observations which is logical to the complex explanations that may exist. It helps the theorists to develop more theoretical models in research than published models. The golden rule is research needs to be parsimonious. Sometimes, it may be overwhelming with a huge volume of data and information and therefore becomes complicated to sort out the important feature of the research project. Being parsimonious will abridge the context of investigation and in various ways or the other would enhance the rigor along with replicability of the entire research (Rauch et al. 2007). Rigor stands for carefulness and precision or accuracy in research. While parsimony entails over simplicity in explanation of phenomena in the generation of solutions to the problems as opposed to rigor which delves in the exactitude of finding the research solution in a given industry. Thus it may be noted that healthcare industry is by far the best instance to explain the interrelation between two modes of research methodology. Both methods are applicable in this domain (Zhang and Watanabe-Galloway 2014). In healthcare industry much of research are undertaken in the areas of nursing, childrens health, chronic care, transcultural care, survey statistics, healthcare insurance to name a few. The practitioner would have to deal with the substantial volume of data relating to health economics and research in evaluation research. Various health surveys would require both approaches of research processes. For instance, health statistics of elderly women is a complicated proposition since it involves a huge number of the data analysis. While parsimonious approach would help the investigator to perform the task with simplicity, rigor method would engage the practitioner in the in-depth and accurate analysis of data and facts of any given project (Yilmaz 2013). References Dubois, A. and Gadde, L.E., 2002. Systematic combining: an abductive approach to case research. Journal of business research, 55(7), pp.553-560. Kolbe, R.H. and Burnett, M.S., 1991. Content-analysis research: An examination of applications with directives for improving research reliability and objectivity. Journal of consumer research, 18(2), pp.243-250. Le Roux, C.S., 2016. Exploring rigour in autoethnographic research. International Journal of Social Research Methodology, pp.1-13. Rauch, W.A., Schweizer, K. and Moosbrugger, H., 2007. Method effects due to social desirability as a parsimonious explanation of the deviation from unidimensionality in LOT-R scores. Personality and Individual Differences, 42(8), pp.1597-1607. Yilmaz, K., 2013. Comparison of Quantitative and Qualitative Research Traditions: epistemological, theoretical, and methodological differences. European Journal of Education, 48(2), pp.311-325. Zhang, W. and Watanabe-Galloway, S., 2014. Using mixed methods effectively in prevention science: designs, procedures, and examples. Prevention Science, 15(5), pp.654-662.