Read the extract below and answer the questions that follow

The right choice of a suitable research methodology is a crucial decision to perform effective scientific research and is

mainly based on linking research objectives to the characteristics of the available research methodologies. Based on the

notion that researchers in the fields of Economics, Business and Technology have to choose among multiple methods and

techniques the selection of an appropriate research approach that might support cross$-$disciplinary research is one of the

most difficult decisions for a researcher. For that reason, the aim of this paper is to provide issues related to: $($a$)$

Quantitative Research, $($b$)$ Qualitative Research and $($c$)$ Strategic Management of Digital Systems in order to investigate a

suitable research methodology for identifying and analysing key strategic management factors and phases. The publication

of this paper has been partly supported by the University of Piraeus Research Centre.

QUESTION $1(25$ Marks$)$

a$)$ Identify the specific research questions that align with the aim of investigating a suitable research methodology

for identifying and analysing key strategic management factors and phases in the fields of Economics, Business,

and Technology.

$(5)$

b$)$ Outline the research objectives that serve as a guiding framework for exploring the issues related to

quantitative research, qualitative research, and the strategic management of digital systems within the context of

this study.

$(5)$

c$)$ Present a concise problem statement that encapsulates the challenges faced by researchers in Economics,

Business, and Technology when selecting an appropriate research approach for cross$-$disciplinary

studies.

$(5)$

d$)$ Assess the significance and implications of this study, considering how it contributes to addressing the

challenges faced by researchers in understanding the key strategic management factors and phases in the

intersection of Economics, Business, and Technology, particularly within digital systems.

$(5)$

e$)$ Identify the key variables relevant to this study and their relationships. $(5)$

QUESTION $2(25$ Marks$)$

Based on the above extract, analyse the appropriate data analysis methodologies and techniques appropriate for the study

to effectively address the research objectives outlined in the paper.

QUESTION $3(25$ Marks$)$

Assess the ethical considerations that researchers in Economics, Business, and Technology should take into account when

conducting cross$-$disciplinary research on strategic management factors and phases. Discuss the potential ethical

challenges or dilemmas that might arise during the research process and propose strategies to mitigate these issues while

ensuring the validity and integrity of the research.

QUESTION $4(25$ Marks$)$

Analyse and compare the distinctive characteristics of quantitative and qualitative research methodologies as discussed in

the text. Discuss their suitability for investigating key strategic management factors and phases in the specified fields. Please provide references not older than $5$ years