Research Reflection Report

RESEARCH REFLECTION
REPORT

Research Methods
& Processes
The business plan for the development of Online banking system in
Malta is taken into consideration. The primary reason for creating a
business strategy for people is that it is a creative and innovative concept
that aims to boost online banking sector opportunities. Its main aim is to
achieve development by providing consumers with better service. From
the COVID-19, people are not ready to go banks and also face the
financial transactions issues. To resolve the issue, developing the online
banking system is more effective in Malta so that people can make the
financial transactions in an easy manner.Idea to grow the online banking
for potential growth inside the Malta. Through this report, I have learned
more knowledge about Malta and also benefit from start-ups in
Malta. To gather data that are true and accurate in sense of goods,
service, industry, sector, organizational, and market feasibility. I used
primary and secondary data collection sources for evaluating the
workability and efficiency of the business plan. This plays crucial role in
assessment of project feasibility and viability. Major reason behind
using this method is that I have to challenge the viability of my
company plan and also to develop an appropriate understanding of
future practice that will help the business of online banking development
to achieve development.
Literature &
sources
My main goal is in the business plan of the online banking system to
build online banking transactions to achieve a great number of
advantages and a high level of income. In this development plan, I have
analyzed the efficiency of primary and secondary data collection source
in the proper collection of dependable or relevant information. The
primary way for gathering data is efficient, since the data is first
collected in order to carry out business operations in an important
manner. On other hand, secondary data collection methods are suitable
and effective for detailed development.Both data collection sources have
been properly used to allow me to effectively build my views or
opinions on project viability. In addition to this, I used best theories in

the literature review section such as disruptive innovation to explain my
own inquiry mostly on basis of a particular topic. Other than this, there
has been business canvas model used. This is a lean start-up or strategic
management framework to build new business models and existing
ones. This consists of a visual chart with the components that describe
the value proposition, the financial, the infrastructure and the user. I
have presented a realistic view regarding the concept, which company
will be established, through the application of the business canvas
model. The main reason why this model should be developed is to
analysis basic data regarding the online banking system so that ideas
about the establishment of starting the online banking system in Malta
can be presented to stakeholders.
Your Knowledge I analyzed many aspects during the project, which helped me
successfully take this project. Project helped me acquire and acquire
new skills and understand concepts required to improve my skills, such
as decisions, training and trust. In addition, I learn about different types
of business plans and know to build one to start up my company. This
research helps me understand the different risks that exist and benefit
from business. This helped to know various studies for a business
research for market study or feasibility study. I am aware of my
strengths and weaknesses in process of creating one business. Online
banking sector is a modern concept which provides greater opportunities
to build an efficient marketing strategy identify key sources and use
efficient key tools to improve customer awareness. Under present
project I have studied various things for example marketing, ethics,
finance, research, business and economics that have helped me
accurately to build this project by maintaining the subject and making it
realistic. I learnt how profit can be generated and loss reduced. Main
objective of project is to enhance the knowledge area in realistic
manner.
Your Learning Theoretical knowledge of various areas for example accounting ,