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Personal Reflection On Business Plan Development

   

Added on  2021-01-03

24 Pages4813 Words186 Views
BUSINESS DEVELOPMENTPROPOSAL- RESEARCHREFLECTION REPORT

Research Methods &ProcessesOn basis of selecting research methodology, I did full assessment of each research type and approachwhich is appropriate for getting right conclusion. There was presence of initial source of observationfor business development. It might be because of particular techniques as ineffectual compromisingthe final selection of research processes. My mentor has helped me for selecting research process as Icame up with multiple reasonable explanation of methods to attain success in event industry. In thesimilar aspect with context of this feasibility research, I have used qualitative research to ascertain theviability of business. Furthermore, with reference to research approach I have chosen inductiveapproach as with qualitative nature of research as data has been gathered, then pattern is observed andthen theory developed.While with research design, there are two types of research design such as descriptive andexplanatory research whereas there is implication of descriptive research which handles researchproblems along with execution of research according to criteria. Apart from this for getting in depthinformation there is application of interpretivisim philosophy to analyse the viability of business idea.I have assessed feasibility with reference to secondary source such as reliable sources like journals,books and articles published on internet related to event management service statistics of Birgu inMalta. The main reason behind selecting secondary sources is about availability of other sources andmight already used in past research as makes easier for carrying further research. This will lead tosave time and cost efficient as well which data was gathered through someone instead of researcher.I discussed my research methodology to mentor by giving justification for selecting specificstudy and even I was capable for evaluating each research methodology which helped to giveappropriate description. Simultaneously, I have presence of some evidence in report which directlycompliments related to my evaluating skills. I have also used basic knowledge related to2

methodologies as in rush I have performed the reasearch on the basis of a wide range of sources suchas internet, journals and previous literature on the similar topic which provide the knowledgeregarding collecting and analysing information for appropriate results. The most important pointabout analysing data, thematic analysis has been used so in this aspect, each research methodologywas chosen to develop effective event services offered through Exhilarating event planners in market.It was difficult for me to trace responses of numerous population so I took representative butlaid special focus on secondary research. On the top of that, I have done market and service feasibilitywith reference and according to the nature of the bunsess through qulaititave and quantitative methodsand as well as with the secondary dats. With context to organizational feasibility, business would behighly efficient to establish position in market and significant to resolve queries of people. So, in thiscontext, it might create capability to accomplish level of satisfaction in possibility of the best method.3

Literature & sourcesIn the present report, I have considered various sources of literature as it refers to combinationof scholarly writing with reference to particular topic as I have implied peer viewed books, articles,conference papers and dissertations. On basis of data collected from the research so that the variousmethods and techniques through deploying the questionner and surveys of the data of literature asfeatured to high level of detail and requirement of little time to published. I found that it has broadlyembodied every sources which are original as helps in offering first hand information which is closelyassociated as object of study. In the similar order, there is evaluation of secondary sources of literaturewith context of this research as it is a source which offers second hand and non- original data orinformation. Generally, it is written about original data from the external sources which assisted me tocollect the relavnt information and data related to the topic of research. and these summaries stated inmagazines, text books, newspapers are replicated in secondary sources. In my opinion, secondarysources of literature gives global description of outcomes with little details related to methodologywhereas it considers biographies and critical study as well.The literature review is significant as it provides description of proposed research on basis ofinitial research in statistics. It also replicated relevance and originality of entire study and givesjustification of this proposed methodology. With these sources, I have demonstrated preparedness forcompleted this business development and spend lot of time because this has direct relationship withaccuracy. It is very essential to do appropriate literature as it create rapport with audience as withoutcome of credit related to due diligence. As outcome, more articles, books along with other listedsources then presence of trustworthy scholarship along with expertise. The key is to stick for gist ofsources where source is synthesized and this will lead to avoid incidental plagiarism.I have integrated broad range of sources like books, magazines, newspapers and online4

articles. In my opinion, I give high priority to textbooks as source to extract theories and models onbasis of event planning services. While researching, the respected authorities in this area along withthe latest editions. Malta is growing with various business and especially in event industry as recentmagazines are usually rich with help of scholarly articles and very effective source about the latesttrends along with development. In my opinion, reading industry magazines is most enjoyable part withassumption that research area reflects area of professional and personal interests which could be anyways case.In the present generation, newspapers could be referred as important source of updated newsrelated latest events held in Malta. On the other hand, proportion of application of newspaper inliterature review is recommended less comparatively to alternative sources of these secondary datalike magazines and books because of facts that its articles has lack of depth discussion and analysis.In the present scenario, online articles are replicated as most updated information especiallyrelated to event held in Malta or throughout the world. This lead to extract online versions of abovesources as with context of reliability level; of online articles could be highly compromised dependedon source because of ease of high level which articles could be published. There are various opinionsstated in broad range of online discussion blogs which could not be used in literature review andsimultaneously, assessors of dissertation are not keen for appreciating references to this range of blogsunless articles in blogs are cited with author with expertise authorities in event planning industry.REFERENCESBooks and Journals5

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