Business Research: Evaluating the Effectiveness and Usefulness

This essay provides a comprehensive evaluation of a business research learning experience, detailing its effectiveness and usefulness across various domains. The author reflects on the value of researching Honda Motor Company's business model, highlighting key insights into improving business strategies and mitigating potential challenges. The learning experience is assessed for its impact on the author's understanding of the course material, program objectives, future career prospects, and personal growth. The essay objectively describes the learning process, emphasizing the importance of understanding market demand, competition, technology, reputation, customer service, employee satisfaction, productivity, supply chain management, and human resource management. It explains how these learnings will be applied in future professional endeavors, focusing on making informed business decisions and improving organizational performance. The research underscores the practical application of business theories and their relevance to real-world scenarios, contributing to both organizational and personal success.

Running head: Business Research
Business Research
Name of the Student
Name of the University
Author Note

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Contents
1. Evaluating the effectiveness and usefulness of the learning experience................................2
A. My opinion about the learning experience:.......................................................................2
B. What is the value of the experience?.................................................................................2
2. How the learning experience has been useful to me:.............................................................3
Course:...................................................................................................................................3
Program:.................................................................................................................................3
Future Career:.........................................................................................................................3
Life in general:.......................................................................................................................4
3. Objective Description of what happened in the learning process:.........................................4
4. Evaluation of what was learnt:...............................................................................................5
5. Explanation of the learning process:......................................................................................6
6. How this learning will be applied:.........................................................................................7
References:.................................................................................................................................8

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1. Evaluating the effectiveness and usefulness of the learning experience
In the process of completing the assignments during the module, I was able to gain
significant learning experiences, due to the extensive researches, discussions with colleagues
and lectures in classrooms. Such experiences were important in developing my understanding
of the course objectives and to comprehend the significant of the modules.
A. My opinion about the learning experience:
In my opinion, the learning experience was very effective in the development of my
understanding of effective business strategies. While conducting the research for assignment
2, I was able to study, learn and understand the business model of Honda Motor Company,
which is one of the most successful brands in the Automobile industry. In the assignment I
was able to identify certain challenges and flaws faced by the organization, addressing which
it would be possible for the organization to develop further. This study provided key insights
on how business strategies can be improved and challenges that can be faced by the
management.
B. What is the value of the experience?
This experience was extremely valuable for me, as I was able to understand the
potential problems that can be faced by the management of an organization, and identify
strategies to mitigate them. These insights can be utilized in any other businesses, to ensure a
smoother functioning of the system as well as improve the preparedness for any business
related challenge. The experiences can be useful to improve the performance of an
organization and employ effective management skills, integrating the best practice from
studies to real world scenarios. I believe such knowledge will allow more efficient decision
making and effective management system.

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2. How the learning experience has been useful to me:
The knowledge acquired in the duration of the module and especially while preparing
the assignments, has permeated through various domains of my professional and personal
life. These domains include the course, program, future career and life in general. Here is
how the learning experiences have affected these domains.
Course:
I was able to better understand the knowledge disseminated in the course and
understand the learning objectives through the experiences gathered by preparing the
assignments. I was fully able to realize the importance of learning the business strategies to
ensure optimal performance of an organization and thus comprehend the importance of the
learning outcomes in the course module.
Program:
I was able to follow the program more efficiently because of the learning experiences
gathered from the studies. This later contributed in my successful completion of the program,
develops an understanding on all the learning objectives thoroughly. I believe my success in
the program was significantly improved by the learning experiences.
Future Career:
I feel confident that I would be able to utilize these knowledge and skills acquired
from the completion of the module in the development of my future career, working as a
manager of an organization. I would be able to assess key factors that can affect the
performance of an organization such as market demand, the public reputation of the business,
the employees’ performance, the productivity of the business. This can help to function as a
more efficient and effective manager.

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Life in general:
Since personal life is also related to professional life, I believe that through my
professional growth, I would also be able to grow personally, and become a more efficient
human being, and also help to develop leadership skills. This can further enhance my
personal growth.
3. Objective Description of what happened in the learning process:
During the learning process while completing the module and preparing the
assignments, I had to research extensively on the business process of Honda Motor Company.
To do that I researched the current operational model of the organization, how the
organization plans to stay ahead of the competition and plans to implement further
development and growth in the business. Research was made on extant literature body and
through the website of the company to gather necessary data for the study.
From the study I was able to learn a lot about Honda Motors, and how successful it is
as an organization. Certain important aspects were identified such as 1. A need for the
organization to fully understand and address the market demand, to ensure their products are
in high demand. 2. Competing with other organizations producing the same products gaining
a competitive advantage for the organization. 3. Need for modern technology to ensure better
and quicker product delivery, and also ensuring quality of the products. 4. Importance of
good market reputation and good relationship with the customers, which can be done through
social media platforms. 5. Efficient customer service provided through toll free helpline that
can allow the customers to share their opinions and feedbacks. 6. Focusing on the employee
satisfaction, which can help to ensure that the workers are happy and their concerns are
addressed by the management. 7. Productivity. 8. Strengthening supply chain system. 9.
Committed and ambitious Human Resource Management.

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Researching on Honda Motors, I was able to identify several aspects where the
organization has fared well while other aspects which the organization can give more focus
on to ensure further growth of the organization.
4. Evaluation of what was learnt:
Through the research I was able to learn 9 key aspects, which have been mentioned
above which can help an organization to perform better, or can challenge the business
performance. These aspects are pivotal to ensure the smooth operation in any organization
and have significantly helped to inform and strengthen my overall learning process and
learning outcomes. The importance of market demand can be attributed by a better
understanding of a product would perform in a market, in the context of the demand it is from
consumers and the competition in that sector (Drucker, 2017). Overcoming competition is
also an important factor which allows an organization to thrive even in the presence of
competitors, creating its own niche and dedicated customer base (Proff & Fojcik, 2015).
Using modern technology it can be possible to further improvise the operational performance,
increasing productivity through better technology (Nicholas & Steyn, 2017). A good market
reputation is also important for an organization, as it helps to develop faith and trust on a
brand, and hence attract dedicated customer base (Elfenbein et al., 2015). An efficient
customer service can also improve the perceptions of the customer, and create a good image
of the brand, and ensure clarity and easy access to help for the customers (Kowalkowski et
al., 2017). Satisfaction of the employees of the organization is equally an important aspect,
since the performance of the organization integrally depends on the performance of the
employees, which in turn is affected by their job satisfaction (Topolosky, 2014). Focusing on
productivity helps the organization to directly assess its output and performance, in relation to
its expenses, and hence is also an important aspect (Preethisinghe & Perera, 2017). Through
effective, efficient and better supply chain management system and organization can procure

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and transport the raw materials and products in a better manner between the production units,
storage units and stores (Stadtler, 2015). Also, an effective Human Resource management
can also contribute to organizational role through better involvement of the employees and
more efficient management skills (Schiemann et al., 2018). These were significant knowledge
that I was able to acquire from the business research.
5. Explanation of the learning process:
In the learning process, I was able to gather few new insights as well as develop my
understanding in few other aspects. For example, the new insights I gathered from preparing
the assignment were the importance of understanding market demand and market
competition, in order to predict the success of an organization. I also was able to learn the
importance of effective and efficient customer service helpline and customer satisfaction.
Such aspects were completely new to me, and I believe learning them have helped me to gain
a better insight into the process of effective business decision making. Additionally, the
importance of technology, productivity, supply chain and human resource management in the
success of an organization was further strengthened through the business research.
These learning outcomes further supported what I learnt in the previous modules, on
business strategies, and business theories. Study of Honda Motors have me an insight how
these factors integrally determined the organizational performance, and thus highlighted the
necessity to understand these theories to ensure organizational success and growth.
I feel that this knowledge were important findings which strengthened my
understanding of the module contents and objectives and helped me to understand the
business theories in a practical context.

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Based on such understanding I can hypothesize that such understanding can be used
in any organization to ensure success and growth at both organizational/business levels as
well as at a personal level (better products and better experiences). Identifying and
understanding these factors was the reason to conduct the assignments in the course/module.
6. How this learning will be applied:
The learning acquired from this module is very much relevant to my research subject
as it informs me about factors that can affect organizational performance, and how such
effects are mediated. It is also important for my course, as it helped me fully comprehend the
theoretical as well as the practical perspectives of this knowledge. Using this knowledge, it
would be possible to grow in my future profession as a manager, thereby helping me to take
better and more efficient business decisions. I would be able to use such knowledge in the
future to 1. Performing thorough analysis of the market demand for the product or service
offered by an organization. 2. Understanding the market competition from other
organizations and producing products or services that can overcome the competition. 3. Using
modern technology to make better products and product delivery methods. 4. Focusing on the
development of market reputation through better products or services. 5. Improving customer
service and focusing on improving customer relations and experiences to attract dedicated
customer base. 6. Focusing on employee satisfaction and ensuring that the workers are happy
and satisfied. 7. Improving the overall productivity of the organization through better product
management and operational processes. 8. Implementing more efficient supply chain
management to ensure better transport of materials and products, and efficient delivery of
these items. 9 Developing an efficient and effective Human Resource Management system
that can ensure a more productive work environment, and better management of the
employees.

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References:
Drucker, P. F. (2017). The Theory of the Business (Harvard Business Review Classics).
Harvard Business Press.
Elfenbein, D. W., Fisman, R., & McManus, B. (2015). Market structure, reputation, and the
value of quality certification. American Economic Journal: Microeconomics, 7(4), 83-
108.
Kowalkowski, C., Gebauer, H., & Oliva, R. (2017). Service growth in product firms: Past,
present, and future. Industrial marketing management, 60, 82-88.
Nicholas, J. M., & Steyn, H. (2017). Project management for engineering, business and
technology. Taylor & Francis.
Preethisinghe, G. S. M., & Perera, G. N. R. (2017). The Impact of Innovation Management
on the Business Success through Sustainable Productivity of Building Construction
Industry: with reference to The International Construction Consortium (ICC–Sri
Lanka.
Proff, H., & Fojcik, T. M. (2015). Business model innovations in times of long-term
discontinuous technological change-an empirical examination of the automotive
industry in transition to electric mobility. International Journal of Automotive
Technology and Management, 15(4), 418-442.
Schiemann, W. A., Seibert, J. H., & Blankenship, M. H. (2018). Putting human capital
analytics to work: Predicting and driving business success. Human Resource
Management, 57(3), 795-807.

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Stadtler, H. (2015). Supply chain management: An overview. In Supply chain management
and advanced planning (pp. 3-28). Springer, Berlin, Heidelberg.
Topolosky, P. S. (2014). Linking employee satisfaction to business results. Routledge.