PhD degree is considered as an achievement for lifetime. It requires a lot of hard work and research. Doing PhD will open up the gates for the beginning of handsome teaching career at higher levels.
PhD comes in many areas; for example PhD in human resource, in computer science, PhD in geometry, topology etc. Here in our blog, we will put an insight on doing PhD in Business: A PhD degree can be obtained in numerous areas of business. For example finance, management, accounting, economics, marketing, and management information systems etc
PhD in business mainly involves three types of Research Paradigms: Practical, Behavioral, and Systematic.
A) Practical Research
• It involves publicly or privately collection of data from databases.
• Managing surveys.
• Performing arithmetical analysis.
For Example: Investigation of surveying local auto dealerships
B) Behavioral Research
• Building up and conducting experiments.
• Collecting data from observations, and experiments.
• Carrying out statistical analysis.
For Example: Conducting experiments providing different information to assorted groups of participants, and then scrutinizing the results to see whether or not there are dissimilarities in the responses to the case.
C) Systematic Research
• Preparing models through primarily math and replicated data.
• Making proofs using calculus and linear algebra.
For Example: Prototype showing the equilibrium level of discovery giving information of market participants and outlay disclosures.
Now the question is; why one go for a PhD in business?
Doing PhD in business, will make you familiar with real-world management situations, which is the need of time. It involves examining theory as applied to business, accounting, management, finance etc. And these are the field where most of us are interested and easily adaptive. For people coming from business background the study will help to grow their business and earn more respectively. They can start up a new teaching career, or can get involve in family business and make it grow.