Research Methodology for Business Incubators in Melbourne
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This research aims to determine the effectiveness of business incubators in Melbourne in helping university students establish start-up companies. The research methodology includes post positivism philosophy, deductive approach, and thematic analysis of secondary data. Ethical considerations are also discussed.
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Running head: RESEARCH METHODOLOGY Research Methodology Name of the Student Name of the University Author note
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1RESEARCH METHODOLOGY Table of Contents Introduction......................................................................................................................................2 Problem statement.......................................................................................................................2 Research aim................................................................................................................................2 Research objectives.....................................................................................................................2 Research methodology.....................................................................................................................2 Research outline...........................................................................................................................2 Research philosophy....................................................................................................................3 Approach of the research.............................................................................................................3 Purpose of the research................................................................................................................4 Process of data collection............................................................................................................4 Data analysis technique...............................................................................................................5 Ethical consideration...................................................................................................................5 References and bibliography...........................................................................................................6
2RESEARCH METHODOLOGY Introduction Problem statement In Melbourne Business School, there are high numbers of university graduates who aspire to establish start-ups and thereis some business start up incubators to help them set up the business. The purpose of this research will be to determine how effective is the role of these business incubators to help the university students set up their start-up companies. Research aim The aim of the research is to determine how effectively the business incubators of Melbourne help the business school students to establish startup businesses. Research objectives Determining the effectiveness of the business incubators The role played by the business incubators in Melbourne Research methodology This chapter emphasizes on the required methodology for the research work. In this chapter an outline of the research method will be provided and along with that research strategy, approach and philosophy will be provided. The justification behind choosing specific data collection process and analyses is incorporated in this chapter. Research outline The research work will be conducted using post positivism as the philosophy of the research and deductive approach will be suitable to conduct the research s it would help to
3RESEARCH METHODOLOGY evaluate the impact of other aspects on the start up businesses other than business incubators. Descriptive research design will be chosen and the data will be collected from secondary sources only. To get the findings the researcher will have to conduct a thematic analysis based on the data collected from secondary sources like journals, articles, websites and many more. Research philosophy As stated byTaylor, Bogdan&DeVault, (2015),there are three major types of research philosophy and those are realism, positivism and post positivism. For this particular research work post positivism research philosophy will be chosen. The justification behind selecting post positivism philosophy is it will help to complete the research with necessary cross checked data(Panneerselvam, 2014). Not only that, post positivism research philosophy helps to take inputs from the existing research works and also provides the knowledge by collecting and analyzing new data. Thus it can be said that this particular research philosophy relies on both theoretical and practical perspective of reality. Therefore post positivism philosophy will be appropriate for this research work. Approach of the research As observed bySmith, (2015),there are two main types of research approach and those are inductive and deductive.Inductive approach emphasizes on developing unique set of ideas and theories relevant to the topic of the research; on the other hand, deductive approach helps to examine and validate the effectiveness of the previous research works and theories(Neuman& Robson, 2014). For this research work, data will be collected from secondary sources and the existing research works along with their findings, theories, and hypothesis will be crucial to
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4RESEARCH METHODOLOGY conduct the research regarding the role of business incubator in Melbourne for helping to set up star ups for the university graduates. Therefore deductive approach will be perfect to conduct the research. Purpose of the research As observed bySmith, (2015),the research purpose gives a proper framework to the research work and a particular purpose for conducting the research work. There are three types of purpose of research and those are exploratory, explanatory and descriptive. For this particular topic of the research descriptive purpose will be chosen as it would help to conduct the research with vivid explanation and exploration by highlighting more information related to the topic of the research. Process of data collection To finish the research, collection of data is the most important thing. Sources of data are generally two types, one is primary and the other one is secondary. As stated byTaylor, Bogdan&DeVault,(2015),firsthandcollecteddataaretheprimarydatawhichcanbe accumulated by conducting survey, taking interviews and observing scenarios. As stated by Taylor, Bogdan&DeVault, (2015),on the other hand information collected from sources like government websites, newspaper articles, books, journals, industry reports and many more. The primary data can be collected from individual respondents of the research work and on the other hand, by consulting and observing existing theories, ideas, research findings and many other secondary sources of research secondary data can be collected(Neuman& Robson, 2014). For this particular research work, secondary data will be collected and from secondary sources like various business journals and websites necessary information regarding business incubator will be attained for completion of the research work.
5RESEARCH METHODOLOGY Data analysis technique As stated byTaylor, Bogdan&DeVault, (2015),there are two ways of analyzing the collected data, one is qualitative and the other one is quantitative. For this research work, qualitative type of data analysis will be done, as conducting thematic analysis will help the researcher to identify all the chief theories and themes that can potentially impact the strategies of the research.As observed bySmith, (2015),thematic analysis focuses on the organizations and the vividly described dataset. This analysis not only observes phrases, words and numbers, but also, identifies the explicit and implicit set if ideas underneath the collected data. Coding is the major process of developing themes using the raw data and interpretation of those codes may incorporate identifying theme co-occurrence, graphically displayed relation among various themes and comparing the frequencies of the themes (Neuman& Robson, 2014). Thus thematic analysis is believed to be the most successful tool for conducting successful research works using data collected from secondary sources. Ethical consideration In order to successfully conduct a research work, the aspect of ethics should be considered. The researcher will have to take permission before collecting the information from various business organizations regarding their funding and other aspects (Smith, 2015). The privacy of the collected data should be sustained by the researcher who will be conducting the research work abiding by Data Protection Act 1998 (Panneerselvam, 2014). According to this act, no personal information can be collected for any kind of research work and the collected data shall not be used for any personal or commercial benefit other than academic causes.
6RESEARCH METHODOLOGY References and bibliography Albort-Morant,G.,&Oghazi,P.(2016).Howusefulareincubatorsfornew entrepreneurs?.Journal of Business Research,69(6), 2125-2129. Apa, R., Grandinetti, R., &Sedita, S. R. (2017). The social and business dimensions of a networked business incubator: the case of H-Farm.Journal of Small Business and Enterprise Development,24(2), 198-221. Bank, N., Fichter, K., &Klofsten, M. (2017).Sustainability-profiled incubators and securing the inflow of tenants–The case of Green Garage Berlin.Journal of Cleaner Production,157, 76-83. Blackburne, G. D., & Buckley, P. J. (2017).The international business incubator as a foreign market entry mode.Long Range Planning. Bliemel, M. J., Flores, R. G., de Klerk, S., Miles, M. P., Costa, B., &Monteiro, P. (2016).The role and performance of accelerators in the Australian startup ecosystem. Bliemel, M. J., Flores, R. G., de Klerk, S., Miles, M. P., Costa, B., &Monteiro, P. (2016).The role and performance of accelerators in the Australian startup ecosystem. Jackson, P., Richter, N., &Schildhauer, T. (2017). Open Innovation with digital startups using CorporateAceelerators–Areviewofthecurrentstateofresearch.ZPB ZeitschriftfürPolitikberatung,7(4), 152-159.
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7RESEARCH METHODOLOGY Kumar, A., Kumar, R., Haque, M. R., Chowdhury, S. P., & Islam, S. (2017). Entrepreneurial Networks and Knowledge Transfer: The Moderating Role of Incubator/Accelerator Affiliation.Asian Economic and Financial Review,7(11), 1093. Lewis,S.(2015).Qualitativeinquiryandresearchdesign:Choosingamongfive approaches.Health promotion practice,16(4), 473-475. Mian, S., Lamine, W., &Fayolle, A. (2016). Technology Business Incubation: An overview of the state of knowledge.Technovation,50, 1-12. Neuman, W. L., & Robson, K. (2014).Basics of social research.Pearson Canada. Nunberger, I. (2017). Business incubation and startups in the ICT sector.Retrieved on,1. Panneerselvam, R. (2014).Research methodology. PHI Learning Pvt. Ltd.. Parker,S.C.,Congregado,E.,Golpe,A.,&Saxenian,A.(2015).20Incubatorsand Accelerators.Concise Guide to Entrepreneurship, Technology and Innovation,3, 108. Rizvi, S., Salman, F., &Qureshi, S. (2015).An In-Depth-Study of the Effectiveness of the Existing University Business Incubator (UBI) in Pakistan.Global Management Journal for Academic & Corporate Studies,5(2), 49. Silverman, D. (Ed.). (2016).Qualitative research.Sage. Smith, J. A. (Ed.). (2015).Qualitative psychology: A practical guide to research methods. Sage. Spence, L. J., Frynas, J. G., Muthuri, J. N., &Navare, J. (Eds.). (2018).Research Handbook on Small Business Social Responsibility: Global Perspectives. Edward Elgar Publishing.
8RESEARCH METHODOLOGY Taylor, S. J., Bogdan, R., &DeVault, M. (2015).Introduction to qualitative research methods: A guidebook and resource. John Wiley & Sons. Van Weele, M. A., Steinz, H. J., & Van Rijnsoever, F. J. (2017). Start‐up Communities as CommunitiesofPractice:ShiningaLightonGeographicalScaleand Membership.Tijdschriftvooreconomische en socialegeografie. Van Weele, M. A., Van Rijnsoever, F. J., Eveleens, C., Steinz, H., & van Stijn, N. (2015). Start- EU-up! International incubation practicesto overcome the main challenges of the WesternEuropeanentrepreneurialecosystem.DRUID15Rome–TheRelevanceof Innovation.