Philosophy and Theoretical Perspective - Report
Added on -2020-07-22
| 12 pages| 4247 words| 41 views
Trusted by 2+ million users,
1000+ happy students everyday
Showing pages 1 to 4 of 12 pages
QUALITATIVERESEARCH
TABLE OF CONTENTSINTRODUCTION ..........................................................................................................................3Project .............................................................................................................................................3The full citations ........................................................................................................................3The philosophy and Theoretical perspective being employed ...................................................3The data collection method used ................................................................................................5Critique of the methods used.......................................................................................................6Conclusion ......................................................................................................................................9REFERENCES .............................................................................................................................10
INTRODUCTION The primary focus of any firm is to gain maximum profit and this could be possiblewhen firm is able to meet the need and requirements of customers (Blumberg, Cooper andSchindler, 2014). The Present report explains the philosophy and theoretical perspectivebeing employed in the selected study. In addition this, data collection method is used in thestudy have been defined and critical analysis of selected methods also have been done. Themain purpose of this study is to examine the actions owner-managers of small businessesundertake in managing working capital. Study BackgroundThe small business ventures are growing at a faster rate and it is required to put efforts formanaging their working capital. Study conducted by Orobia and et.al. (2013) whoidentify theways that could be used by business owners for managing their working capital in effectivemanner. Moreover, the study has examined the actions undertaken by small business ownersfor managing their working capital. Rational of this studyThe rational for conducting this study is that the small businesses are contribute effectivelytowards economic grow. However, there are issues faced by these small firm to carry outtheir daily operation. By focusing this area will enable to determine the steps that should beconsidered so that small business are able to attain their set goals and so focus is made onmanagement of working capital. More specifically, Central Business District of Kampala,Uganda is taken into consideration for this research as it is the commercial heartland wheremost business activities take place.Project The full citations Article selected: “How do small business owners manage working capital in an emergingeconomy? A qualitative inquiry”Reference of the article:Orobia, L.A., Byabashaija, W., Munene, J.C., Sejjaaka, S.K. and Musinguzi, D., 2013. Howdo small business owners manage working capital in an emerging economy? A qualitativeinquiry. Qualitative Research in Accounting & Management. 10(2). Pp.127-143.The philosophy and Theoretical perspective being employed This article is focused on to examine the actions that are taken by owners andmanagers of the small business with the goal to manage their working capital. It is being
identified that small businesses highly contribute towards economic development of acountry. The globalisation has rendered an innovative platform for business organisations tolaunch their business successfully in new market areas and so firm start with small scale, thenslowly increase their areas. There are many benefits that small businesses provide to thesociety. In this context, it includes reduction in poverty, generates income and creates jobopportunities. To carry out the research in effective manner, there are research approach,philosophy, data collection method, data analysis, etc. used. More specifically, the researchhas made use of Interpretivism and this research is used as enables to assist researcherinterpret the elements of the study. This philosophy assisted in representing different aspectsof the phenomenon that is being studied. There are two different type of researchphilosophies, which are positivism and interpretivism. Positivism is considered to be a typeof research that limits the role of investigator to collection of data and it’s their interpretation.Apart from this, it also assist investigator in concentrating on facts. On the other hand,interpretivism avoid rigid structure framework when compared with positivist research. Itmake use of flexible and personal research structure. In-depth findings is done in which itincludes the issues that are faced by owners and managers in order to manage workingcapital. This philosophy enables to provide theoretical knowledge regarding the researchtopic. Apart from this, it is also focused on specific problem that are being faced by scholarduring research. Further, the research has made use of inductive approach that enables topresent the information from specific to general. There are two type of research approaches,these are inductive and deductive. Inductive are those approach in which the investigatorfocus on covering specific aspects and then general information in relation with researchtopic is covered. On the other hand, deductive is a type of research in which the researchfocus on covering general aspects initially and then specific details are included. Amongthese two, the researcher has made use of inductive approach. This has helped theinvestigators to present specific data and eliminate general information. By making use ofselective coding various components for each of the subcategory were specified. Apart fromthis, in this study qualitative research methods have been employed for examining andevaluating the working capital management process. Theoretical perspectives are defined as set of various assumptions that are used foranswering the questions that are used in the research study. This perspective can also be usedas the frame in which some specific assumptions are mentioned with the objective tocomplete the entire study. The entire study has been completed on the assumption that smallbusiness owners are managing their working capital in the economy. Small business working
Found this document preview useful?
You are reading a preview
Upload your documents to download
or
Become a Desklib member to get accesss
Paid Plans
Free Plan
Single Unlock
Monthly Plan
Yearly Plan