Research in Business Modern Business World

Question: Discuss about the Research in Businessfor Modern Business World. Answer: Project Tittle: Development of the Businesses in the Modern Business World This project explores this phenomenon by describing the statement of the problem, objectives and a brief methodology to be undertaken in the development of the project. Statement of a Problem Discovering the developments businesses in the modern business world. Aims and Objectives To explore the rate of growth of firms. To determine the use of technology, innovation, and inventions in the commerce. To investigate the effect of government on firms. Brief Methodology Literature Review: The project will be an explanatory one. Guest, (2013) explains that projects researchers often have an idea about the statement of the problem. Therefore, this project will utilize the related sources to examine the depth of research by other scholars on the problem on hand. Additionally, the project will explore theoretical knowledge that the business industry has developed. A lot of information will be obtained by the use of the critical research. Data series and Surveys: For the best data to be collected from the respondent, both quantitative, as well as qualitative methods, will apply. For the first one, the researcher will require the respondent to give both discrete and continuous data in the form of numerical figures (Hussein, 2015). For instance, the researcher will ask how many companies the respondent knows have become international. That would assist the rate at which firms are growing. Alternatively, the researcher will use ask for business statistics which most likely will be a continuous data. For instance, he or she might quote that in the year 2015/2016, the number of enterprises entering the industry increased from 13.4 percent to 14.6 percent (Australian Bureau of Statistics, 2017). That shows the sector is gradually growing. Observing Major Business Development Indicators: Besides, the quantitative method may still be incomplete. At times, the researcher will use the qualitative method. This will assist the surveyors to get more information. The interviewees will explain, describe, interpret and illustrate possible situations. For instance, they may say the introduction of the computers, new machinery and equipment has assisted the business field in developing technologically. Favorable sampling methods will have to be utilized. This paper will recommend the research team to use three techniques. Two which are non-probability and one which is a probability method. The two will be numerical and snowballing methods. The first one is very effective since the best subjects chosen to represent their fields (Wang Han, 2015). For example, they could be from sales, accounting, management or production business departments. The snowballing will assist in interconnecting the respondents. For instance, identifying a manufacturer will refer the researcher to all members present in the logistics industry chain. The random probability skill will be used since it is the cheapest (Ritchie, Lewis Elam, 2013). Respondents will just be identified randomly and utilized for the study. During data recording and collection, interviews will be held. They could be individual or group discussion. Questionnaires will also be administered. The respondents must have enough time to explain their ideas based on their knowledge. Confidential information such as the details of the people will be concealed particularly when sensitive information is revealed. At times, secondary sources of data will be used. For instance, the journals, business magazines, and the internet. The researchers will add on the information not captured from the interviewees. Lastly, the data will proceed to the analysts for selecting, eliminating and compiling the relevant data on files. The analyzed data will then be interpreted to give answers to the questions or aims posted at the beginning of the research. It will then be simplified into graphs and illustrations References Australian Bureau of Statistics. (2017). Counts of Australian Businesses, including Entries and Exits, Jun 2012 to Jun 2016. Retrieved April 5, 2017, from https://www.abs.gov.au/ausstats/abs@.nsf/mf/8165.0 Guest, G. (2013). Describing mixed methods research an alternative to typologies. Journal of Mixed Methods Research, 7(2), 141-151. Hussein, A. (2015). The use of triangulation in social sciences research: Can qualitative andQuantitative methods be combined? Journal of Comparative SocialWork, 4(1). 1-4. Ritchie, J., Lewis, J., Elam, R. G. (2013). Selecting samples. Qualitative research practice: AGuide for social science students and researchers, 111. Wang, Y. L., Han, Q. L. (2015). Quantitative analysis and synthesis for networked control Systems with non?uniformly distributed packet dropouts and interval time?varyingSampling periods. International Journal of Robust and Nonlinear Control, 25(2), 282-300. Other Journals Articles Acharya, A. S., Prakash, A., Saxena, P., Nigam, A. (2013). Sampling: Why and how of it. Indian Journal of Medical Specialties, 4(2), 330-333. Costa, L. D., Remedios, R. (2014). Different methods, different results: Examining the implications of methodological divergence and implicit processes for Achievement goal research. Journal of Mixed Methods Research, 8(2), 162-179. Daigneault, P. M. (2014). Reassessing the concept of policy paradigm: Aligning ontology andMethodology in policy studies. Journal of European Public Policy, 21(3), 453-469. Salganik, M. J., Levy, K. E. (2015). Wiki surveys: Open and quantifiable social dataCollection. PloS one, 10(5), e0123483. Uprichard, E. (2013). Sampling: bridging probability and non-probability designs. International Journal of Social Research Methodology, 16(1), 1-11. Vorley, T., Rodgers, P. (2014). Home is where the business is: Incidents in everyday life and The formation of home-based businesses. International Small Business Journal, 32(4), 428-448. Yilmaz, K. (2013). Comparison of quantitative and qualitative research traditions: Epistemological, theoretical, and methodological differences. European Journal of Education, 48(2), 311-325.