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Internal and external factors that affect business operations
Internal and external factors for business
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Assignment #2 Methodology Abstract The objective of this research paper is to illustrate the survival difficulties faced by a once great company. This paper examines the downward spiral of a once dominant retail giant. It considers the external contextual forces shaping radical changes in the traditional retailing industry as well as the internal forces associated with specific decisions. The paper will explore and assess these external and internal strategic challenges, culminating with the current position of the organization. The paper will look at how the rapid changes and complexities in the retail industry is driving innovation and competition between the new technology driven companies and the traditional retail firms still in transition. …show more content…
Descriptive research, primary` focus is to “paint a picture” of a given situation by addressing who, what, where, and how questions (Zikmund, Babin, Griffin, Carr 2013). Because Descriptive Research permit a sort of voyeuristic observation or unobtrusive for a better term it will most certainly be an effective tool in analyzing the subject matter more carefully. Three primary purposes of research are to describe, explain, and validate discoveries. Description emerges after creative exploration, and serves to organize the findings in order to fit them with explanations, and then test or validate those explanations (David Krathwohl, 1993). Descriptive Research in part was selected because needed information can be collected without interfering with the environment, or having to manipulate variables. Oftentimes these are referred to as correlational or observational studies. In business, a descriptive study can provide information about the naturally occurring, behavior, attitudes or other characteristics of specific sectors. Descriptive studies are at times undertaken to illustrate just how interconnected things are in the world around …show more content…
Qualitative data permit the exploration of every possible scenario in a given situation which is highly suitable when assessing the contributory impact of the social environment within the business world. By pursuing a qualitative approach, the data collected can be measured based on a philosophical (Phenomenology) perspective, Ethnographic, Field Research, Grounded Theory or Case Study. Advantages of Qualitative Data • Real time non-restrictive questions during interviews can be guided and redirected by the researcher. • Complexities about the research subjects or topics are discovered that escapes numerical measurements. • Data obtained based on sociological experience is expansive and oftentimes more attractive than quantitative data. • Revising the research framework including the direction can be done quickly should new information emerges. • Issues can be examined in detail and in depth Variables In an effort to explore the subject matter several variables will be
The research objectives are probably one of the most important parts of the research plan...
The purpose of your research project and in what way will it contribute to the academic understanding of your subject matter.
Qualitative and quantitative methods allow researchers to investigate, explore and inquire the nature of the phenomenon being studied. It is important that the researcher develops a clear understanding of the problem and design a plan to investigate it (Cresswell, 1998, para. 1). There are a variety of research methods; nevertheless, it is important to consider which research method is appropriate for the study. Qualitative research focuses on human experiences while quantitative research relies on numbers, measurements, and testing. Nevertheless, qualitative and quantitative methods use similar approaches to conduct research and collect data. For example, observations and interviews are approaches used in both research designs; however, the approaches are used and viewed otherwise. This will be discussed later in the paper.
Qualitative data analysis requires a logical approach in order to interpolate data into useful information. Participants, and any further obtainable data that will shed light on the studied phenomenon should base the analysis on the objectives of the study, and the response.
Research is rendered as a tool to provide people with information and used to coincide with experimentation. “Basic research aims to expand the knowledge by formulating, evaluating, or expanding a theory” (Neutens, 2014), and
Qualitative research is a method of inquiry appropriated in many different academic disciplines, traditionally in the social sciences, but also in market research and further contexts (Denzin, Norman, Lincoln & Yvonna . 2005).
Marks & Spencer is a perfect example of a company that had a successful strategy but failed to adapt to the changing environment and have therefore suffered from ‘strategic wear-out.’
Research is defined as systematic investigation in order to establish facts and reach new conclusions (OUP, 2014). The biopsychosocial model has already been described.
Within scientific research there is always a strong debate between those that prefer quantitative methods and those who prefer qualitative ones. proponents of quantitative methods have built the standards in experimental research and in researches performed on a large number of subjects and which use sampling criteria and statistical analysis techniques. On the other side, the qualitative method uses procedures of qualitative nature both at the level of collecting the data as well as the level of analyzing them (Tagliapietra, Trifan, Raineri & Lis, 2009). The gathering data procedures include: interviews, group discussions, observations, journals; while the analysis procedures include coding, categorizations and systematic confrontation between the categories and their dimensions. Such research is often defined as an explorative one, opposite to “classical” scientific research aiming to confirm / disconfirm initial hypothesis. Among the qualitative methods used in the scientific research we can list: Focus Group, Speech Analysis, Conversation Analysis, Grounded Theory and Phenomenological Interpretative Analysis (Tagliapietra, Trifan, Raineri & Lis, 2009).
There are two types of research, the first qualitative; an in-depth broad investigation, detailed analysis looking at opinions, the data collected will be rich, and will have understandings. This, according to Bell (2010, p.5) is “concerned to understand individuals perceptions of the world”
In other words, researchers need to acquire sources in order to gain knowledge. There are many ways that researchers are able to accumulate data from a variety of sources. A researcher has the ability to look at past case studies performed on the same topic (Zucker, 2009). This may help a researcher narrow down what exactly they are looking to accomplish with their own study. A researcher may also utilize published articles that were based on the same topic or on another aspect of the same topic (Zucker, 2009). The researcher must be careful, however, to remain unbiased towards the information being expressed within these
Research aims at establishing new information. It is a systematic approach of collecting and interpreting information aimed at improving the knowledge base (Suanders et al: 2009, p 5). Research strategy implies a broad orientation as to how to conduct any research. According to Creswell 2004(cited in Duffy & Chenail: 2008), research could be classified into quantitative research and qualitative research. At its simplest form, the former transforms human encounters into numbers while the latter transforms such experiences into words.
Research is systematic way to find out facts and knowledge as Kothari (2006) has analyzed that research is the pursuit of truth with the help of study, observation, comparison and experiment; the search for knowledge through objective and systematic method of finding solutions to a problem. However there are two types of researches one is by Purpose and other is by method. The type by purpose falls into three categorize such as Basic, Applied and Action Research.
Research today has become a central part of Sociology. Research in Sociology faces numerous puzzles and suspicions; challenges blind faith and unravel the mystery that surrounds the truth. According to Pauline V. Young “...sociological research is a systematic method of exploring ,analysing and conceptualising social life in order to extend ,correct ,or verify knowledge,
The first dimension, which is relevant to our study, is that of empirical versus non-empirical studies. Empirical studies involve observing and measuring reality, thereby confirming knowledge through direct experience. Non-empirical (theoretical) studies involve developing and exploring theories that account for given data.