Business research
Business research is the process of acquiring and analysing important information about an organisation's business operations in order to maximise profit and shareholders' wealth. In particular, research is a systematic investigation and evaluation of materials and sources to establish facts and draw novel outcomes. There are specific approaches to collecting and analysing data are referred to as research methodologies. Developing a research methodology is an essential component of the research approach. A research plan begins with a research proposal and concludes with a dissertation or thesis. A research proposal is a query or declaration of an academic or intellectual argument or case that requires more inquiry in writing. On the other hand, a dissertation or thesis is the writing of a question or statement following more investigation and justification of that question or statement with proper proof and argument. In other words, a proposal is a plan and face of a dissertation or thesis.
Research Process
Choose your topic- The subject of a thesis or dissertation may begin with a broad scope. evaluate the general area of interest or field of interest—you may already have specific research interests based on previous education, or you may have had to consider the subject while applying to higher education or writing a statement of purpose.
Identify a problem- You need to define a research problem that describes your study's emphasis and purpose. A problem statement can help you put the situation into context and outline your objectives. It covers who will be impacted by the problem, why the study is necessary, and how your research project will help to its conclusion.
Formulate research questions- You have to formulate one or more research questions based on the problem statement. These are specific to what you wish to investigate. You may choose to describe, compare, evaluate, or explain the research problem.
Create a research design- This is an important part of the research strategy. The research design presents a structure for answering your research questions. It includes deciding on what kind of data you require, the techniques you will use for collecting and analysing it, as well as the location and timeframe of your research. There are frequently several approaches to answering your questions. You have to decide whether to employ primary or secondary data, as well as qualitative or quantitative methodologies. You also have to decide on the precise methods, techniques, and materials you will use to gather and analyse your data, as well as your selection criteria for participants or sources.
Write a research proposal- subsequently, once you have completed these steps, you are ready to write a research proposal. The proposal describes the background, significance, objective, and strategy of your planned research/study. The proposal should include a literature analysis that illustrates how your study will fit into existing work on the issue, in addition to addressing the background, problem statement, and research questions.
Research Proposal
Title page - the proposal will usually have a title page that includes, the proposed title of your project, the researcher's name, the supervisor’s name, and the name of the institution and department.
Abstract and contents - In research, an abstract is a brief overview of an extensive study that reports on the aim, method, findings, and conclusions of your project. It is intended to provide the readers with a concise and clear summary of your work. Also, a table of contents is important for the reader guides.
Introduction - The first part of your proposal is the initial pitch for your project. introduction includes Introduce of your topic, the necessary background and context around your topic, and outlining your problem statement and research questions. Also includes information regarding who could have an interest in the topic (e.g., scientists, policymakers), how much is already known about the topic, what is missing from this current knowledge (eg research gap), what new insights your research will contribute and why you believe this research is worth doing.
Literature review - A great literature review demonstrates to your reader that your proposal is grounded on current knowledge or theory. It also demonstrates that you are not merely replicating what others have done or stated, but rather utilising previous research as a starting point for your own. In this section, share exactly how your project will contribute to the ongoing debate in the field by comparing and contrasting the main theories, methods, and debates, examining the strengths and weaknesses of different approaches and explaining how will you build on, challenge, or synthesize prior scholarship.
Research design - A research design or methodology section will describe your overall approach, and the practical steps you will take to answer your research questions. Does research design include (1) Research type such as Qualitative or quantitative? Original data collection or primary and secondary source analysis? Descriptive, correlational, or experimental research design? (2) Population and sample i.e. Who or what will you study? How will you select your subjects (e.g., probability sampling, non-probability sampling)? When and where will you collect your data? (3) Research methods for instance What data collection tools and procedures will you use (e.g., surveys, interviews, observational studies, experiments)? Why?
Implications and contributions - Emphasize again what you aim to contribute and why it matters. For example, your results might have implications such as for improving best practices, informing policymaking decisions, strengthening a theory or model, challenging popular or scientific beliefs and Creating a basis for future research.
Time frame- While not always required, be sure to check the requirements of your project and make a plan to ensure meet the deadlines.
Reference list- Last but not least, your research proposal must include correct citations for every source you have used, compiled in a reference list.