Motivation as central to successful management Essay

Motivation as central to successful management - Essay Example Logically then, when utilizing qualitative methods, a hypothesis is not required prior to the data gathering phase as the researcher reaches their conclusions as the data is being collected. Quantitative research, on the other hand, is more involved with the gathering of empirical data, numbers and statistics. As quantitative analysis is more concrete in nature, as it deals with figures as opposed to words which can be interpreted, quantitative analysis is perceived to be more logical in nature. Also, when using this method, the researcher is generally categorized as an impartial observer as opposed to an active participant. Logically, with quantitative research the basic premise of the research needs to be defined prior to the data collection. Therefore, a hypothesis needs to be established prior to the commencement of data collection ("The qualitative", 2006). Due to the empirical foundations of quantitative research many people feel that it is more scientific in nature and therefore 'better'; however, this is not necessarily true. The main determinant in arriving upon a research methodology is the type of data collection method that best achieves the goals of the researcher. Each type has an appropriate use and more frequently researchers are combining the two techniques in order to gain better insight into the research topic. For the purpose of this research undertaking, however, it was determined that a qualitative approach better suited the aims and objectives to be achieved, in order to determine if motivation is central to successful management Types of Qualitative Research Methods Upon determining that qualitative research was the preferred method of research, the author needed to research the several methodologies available and select the one best suited to enable the author to research and analyse the effect of motivation on successful management. In the following paragraphs the various types of qualitative research methods evaluated and the strengths and weaknesses of each are presented and discussed. Secondary Research/Desk Research Secondary research is designed to provide the evaluation of experts which has been reviewed by other experts (Haley, 2003). This type of research, sometimes referred to as desk research, involves "systematically and objectively locating, evaluating, and synthesizing evidence in order to establish facts and draw conclusions concerning a set of events. Rather than collecting data, secondary data is used, that is, documents that are already in existence, published and unpublished" (Britton, 1996, p. 1). The use of secondary research allows for the analysis of a broad range of topics that can be thoroughly investigated and has proven to be credible. In addition, there are time limitations that may inhibit the ability of the researcher to conduct primary research and secondary research allows for analysis of a great amount of data in minimal time. According to Haley (2003) many researchers have opted to conduct secondary research as opposed to primary research. Procter (1993) asserts that "more generally, limited opportunities for conducting primary research

Economist & Nobel Laureate Paul Krugman Term Paper

Economist & Nobel Laureate Paul Krugman - Term Paper Example In addition, that  economics is ever changing, not stagnant. He has applied increasing returns theory to international trade and geographic clustering (Krugman and Helpman p.84).  Ã‚   Professional Profile He is acknowledged worldwide as a leader in the fields of  economic geography  and the role of increasing returns in shaping  international trade.  At MIT, he became the Ford International Professor of Economics. He has been a professor of Economics and International Affairs in Woodrow Wilson School, Princeton University, and currently with Princeton (New York Times). He is a Fellow of the Econometric Society, a Research Associate of the National Bureau of Economic Research, and a member of the Group of Thirty. He has also worked as an advisor to the Federal Reserve Bank of New York, the World Bank, the International Monetary Fund, the United Nations, and to a number of countries such as Portugal and Philippines (Speakers of Substance ). Recently, he was President of th e Eastern Economic Association and a centenary professor at the London School of Economics. Krugman is also the author and editor of about 18 books and over 200 professional journal articles, mostly on international trade and finance. ... 08 he won Nobel Memorial Prize in Economic Sciences for amplification on models of  international trade  and the geographical concentration of wealth, by probing the effects of  economies of scale  and of consumer preferences for varied goods and services. Furthermore, in recognition of his work, he received the John Bates Clark Medal from the American Economic Association, an award given every two years to the top economist under the age of 40.Paul Krugman was awarded the  2011 Gerald Loeb Award  for Commentary for his "Paul Krugman Columns" in the  New York Times (New York Times). Amongst other Krugman’s credentials include, in 2011 he was among the top 50 influential individuals in global finance and Foreign Policy’s  Top 100 Global Thinkers 2010 and 2009. In 1992, he was a member to a team of economist on international appointed by President Reagan to deal with the recession New Trade Theory His professional repute is largely owed to his work in inte rnational trade and finance; he is the initiator of the "new trade theory," a major rethinking of the theory of international trade (Krugman p.286, 1994). New Trade Theory by Paul Krugman brings the determinants of comparative advantage into the model. This theory seeks to explain trade between comparable countries was projected in a 1979 paper in the  Journal of International Economics. It is based on two assumptions economies of scale and consumer’s preference for diversity of products. New Trade theory took into consideration the transportation costs, which was the source of the home market effect (Krugman 109-116, 1997). This implies that due to economies of scale countries specialize in production of specific products. Moreover, despite a country having no comparative advantage in trade it may be in a