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L7DSML Advanced Business Research Methods

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Advanced Business Research Methods (04-L7DSML)

   

Added on  2020-04-21

L7DSML Advanced Business Research Methods

   

Advanced Business Research Methods (04-L7DSML)

   Added on 2020-04-21

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Running head: ADVANCED BUSINESS RESEARCH METHODSAdvanced business research methodsName of the Student:Name of the University:Author note:
L7DSML Advanced Business Research Methods_1
ADVANCED BUSINESS RESEARCH METHODSTable of ContentsIntroduction.......................................................................................................................................31. Critically analyze potential business research problems...............................................................31.1 Appraise business research problems..........................................................................................41.2 Develop appropriate research objectives and justify their choice...............................................42. Critically review literature on a business research topic...............................................................42.1 Benefits of adopting technology in business:..............................................................................52.2 Disadvantages of adopting technology in business:....................................................................62.3 Evaluate literature relevant to the research problem and objectives...........................................82.2 Critically analyze different theoretical approaches to the research problem............................123. Design business research methodologies....................................................................................143.1 Critically evaluate appropriate research methodologies in terms of the research objectives....143.2 Design an appropriate methodology in terms of the research objectives..................................153.3 Justify the methodology selected in terms of the research objectives.......................................174. Develop a research proposal.......................................................................................................184.1 Propose techniques for use with quantitative and qualitative data............................................184.2 Creating research question........................................................................................................19Conclusion.......................................................................................................................................19References.......................................................................................................................................20References.......................................................................................................................................201
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ADVANCED BUSINESS RESEARCH METHODSIntroduction Business research method is helpful for processing the collection of determining aproduct that can satisfy particular needs of the consumers. In the present study, a research studyhas been conducted on the technology and innovation adopted by a business. In this regards,potential business research problems related to the adoption is discussed along with appraisal ofthe issue. In addition, a critical literature review on the research topic is carried out in the study.Apart from these, a research proposal is developed with proposal of quantitative as well asqualitative data and other suitable methods of research methodology. 1. Critically analyze potential business research problemsThe sheer pace of technological development in the business is overwhelming that seemsto have many products to select. There are several products and pressures of new technologyadoption that can easily cause organizations to make mistakes and overlook issues. The businesshas come to rely on specific technology keeping them up-to-date as well as compete in themarket for getting inspired by innovation (Bryman and Bell 2015). On the other hand,technology becomes integrated and used in order to manage inventory and communication way. Adoption of technology would be helpful to provide competitive advantages. However,there are some limitations of using technology in business. It cost expenses for adoptingtechnology. Additionally, security issues are involved with the use of new technology. Hence,some people are part of final creation. In addition, distractions may be generated for adoptingtechnology in business. 2
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ADVANCED BUSINESS RESEARCH METHODS1.1 Appraise business research problemsIn order to remain competitive in global economy, businesses require adopting an everchanging environment in order to encounter requirements of the customers. Staying competitivein business evolve as a business organization as well as making changes in the procedure as wellas technology in order to obtain competitive edge over their competition. Additionally, theorganizations need to adopt new technology as well as managing challenges, which goes alongwith implementation of the changes (Joe Jr et al. 2014). However, changes in nature can behelpful to provide important advantages to the organizations. Present challenges that require tobe managed and give positive results. The issues arise when the enterprises make an attemptbringing in new technology without appropriate management and training for the staffs. 1.2 Develop appropriate research objectives and justify their choiceFollowing are the research objectives that need to be fulfilled in the research.To identify the factors that are responsible for gaining competitive advantages inbusinessTo critically analyze the benefits obtained for adopting technology in businessTo critically evaluate the risks related to the adoption of technology in businessTo recommend solution for overcoming the risks2. Critically review literature on a business research topicTechnology can3
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ADVANCED BUSINESS RESEARCH METHODS2.1 Benefits of adopting technology in business:Technology is a modern concept which involves accepting the various innovations inscience to address in the business solutions. This helps in the creation of a better and anautomated solution. Although, the most important benefit in the use of the features of technologyin business is efficiency in productions, there are several other benefits of its applications aswell. The first benefit in the application of technology in business is the increase in speed ofthe process. This reduces the time required for addressing the business processes and saves time.This is the most important uses of technology which is also adopted by the small businesses forcompeting against the large ones (Brinkmann 2014). For example, emails are a new way ofdoing businesses which has totally changes the way of communications. The past era includedcommunicating via telephone or mail which was a time consuming process. The use of email orvideo calls has greatly enhanced the operations in businesses. The next benefit is the storage enhancement which has also made great innovations in thebusiness processes. For example, in the past times, the businesses stored their data in largephysical files which made it a great problem for storing vast data. Now-a-days, the use of adatabase or the cloud solutions has totally made the storage applications easier. In addition, theuse of secondary storage devices are also another innovations that have been applied in businessprocesses to make it easier for storing information in the offline mode. The third benefit is the improved reach of businesses. This has made potential businessesreach out to the vast number of audiences in each and every part of the world. The past workingsof businesses included applying for marketing aspects to gather insights from an area and then4
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ADVANCED BUSINESS RESEARCH METHODSget revenue accordingly. The process was a very long one which involved sending a considerableamount of time to get insights from the audiences and then applying the gathered insightsaccordingly to get sales. Now-a-days the use of technology can be adopted from the internetwhere a company or business can get insights and advertise to millions of potential buyers acrossthe globe (Avineri 2017). Social networking sites or search engine sites offers people to targetaudiences based on their preferences and get the required amount of sales. This has alsosimplified the way of doing business and has led to reduction in the cost of business. The last benefit is the automation of business processes. The adoption of technology inall kinds of businesses has made the successful automation of the processes which has removedthe need for human interactions. For example, any kinds of production factories in the recenttimes uses the various methods and tools for automating their business processes with minimalhuman interactions. In addition, the sales function of a business can be done by using softwarefor the process which can be used to get the required processes. This also helps them to reducethe labor costs and address accordingly. 2.2 Disadvantages of adopting technology in business:There are various effects of adopting technologies in businesses. Although this helps inreferencing to various needs, the effects that it poses can be dire and sometime may lead to gravethreats in the operations. The first disadvantage is the increased in expenses. The adoption of technologies hasmade several optimizations which have led to the increase in expenses. These expenses aremainly due to the purchase of the initial equipment for using in their businesses. In addition, themaintenance of these equipment also increases the total costs which affects the revenue made5
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