Information Literacy is ...
"a set of abilities requiring individuals to recognize when information is needed and have the ability to locate, evaluate and use effectively the needed information.” - 2000
"the set of integrated abilities encompassing the reflective discovery of information, the understanding of how information is produced and valued, and the use of information in creating new knowledge and participating ethically in communities of learning"- 2015
Association of College & Research Libraries (ACRL)
"knowing when and why you need information, where to find it, and how to evaluate, use and communicate it in an ethical manner” - 2004
"the ability to think critically and make balanced judgements about any information we find and use.” - 2018
Chartered Institute of Library and Information Professionals (CILIP)
Different information sources will be useful for different information needs. Often an assortment of sources will be needed to address a single question.
There are two main types of sources - primary sources and secondary sources.
Primary sources ...
Listed below are some common types of primary sources used in business research:
Secondary sources ...
Listed below are examples of some of the most common types of secondary sources used in business research (those with hyperlinks identify the general characteristics of those sources types).
NOTE:
Knowing the type of information needed and where it can be found is a critical research skill. Some of the best search tools for finding information from a variety of sources are library catalogues, discovery systems, databases and web search engines. The best search tools for selected source types are noted in the table below (bold = best bet).
To Find ... | Search ... |
---|---|
articles from all types of periodicals (journals, magazines, newspapers) | Databases | Omni* | Web |
books | Omni* | Web |
company reports - annual reports, profiles, financials, etc. | Databases | Web |
country reports | Databases | Web |
data or statistics | Databases | Web |
directories, dictionaries and other reference materials | Omni* | Web |
industry, investment, market research and SWOT reports | Databases | Web |
periodical titles - journal, magazine and newspaper titles | Journal Search in Omni* |
videos | Omni* | Databases | Web |
web pages | Web |
*Omni is the name of McMaster's discovery system (powered by Primo VE) which also includes McMaster library's catalogue. To learn more, consult the Omni Help guide.
The Library's online subscription resources (e.g., databases, online journals, e-books) will prompt you to submit your MacID credentials. Once you do, you will be able to connect, search and view these online resources anytime, anywhere.
The Library subscribes to hundreds of databases which can contain full-text articles (from academic journals, popular/trade magazines & newspapers), company profiles, financial data, industry reports and/or statistics. Some of our most popular business databases include:
These and other frequently used business resources can be accessed from our Top Business Databases guide, as well as from the Omni and Databases options on the Library's home page.
The Library has also developed several business related research guides that highlight resources for specific courses and for finding specific types of information (e.g., company financials, industry reports, SWOT analyses, etc.). Consult these guides or ask library staff for resource recommendations.
Too MANY Search Results? | Too FEW or NO Search Results? |
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• Currency - Timeliness of the Information
When was the information published or posted? When was the information revised or updated?
Are the links functional? Does your topic require current information?
• Relevance - Importance of the Information for Your Needs
Does the information relate to your topic? Who is the intended audience?
Is the information appropriate for your needs (i.e., scholarly, scientific, statistical, popular)?
• Authority - Source of the Information
Who is the author, publisher, source or sponsor? What are the author's credentials?
Is the author qualified to write on the topic?
Does the URL reveal anything about the source (e.g., .com .edu .gov .org .net)
• Accuracy - Reliability, Truthfulness and Correctness
Where does the information come from? Is the information supported by evidence?
Has the information been reviewed? Does the language seem unbiased?
 Are there spelling or grammar errors?
• Purpose - The Reason the Information Exists
What is the purpose? Inform? Teach? Sell? Entertain? Persuade?
Is the purpose clear? Is it fact, opinion, or propoganda?
Learn how to distinguish between reliable information and misleading, false or biased information. Test yourself with these examples. Suggested Verification Tricks: Watch the following videos: Check the Claim (1:38) | Trace the Information (1:46) | Check the Source (1:46) | Check the Image (1:30) | Evaluate Expertise (4:32)
Citing sources is an important part of research and information literacy.
Why Cite?