This research explores the impact of Brexit on UK business and its economy. It discusses the research methodology, types of investigation, research philosophy, and research design.
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The impact of Brexit on U.K business
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Contents RESEARCH METHDOLOGY..........................................................................................................3 Types of investigation.......................................................................................................................3 Research philosophy..........................................................................................................................4 REFERENCES....................................................................................................................................8
Title: The impact of Brexit on UK business. RESEARCH METHDOLOGY It is one of the important sections for investigation that help researcher to gather relevant data and information towards the selected topic and research area. It may include various methods and techniques that implement by the investigator to effectively collect relevant information to draw a valid conclusion. Mainly, RM or its different techniques that are used in the investigation process to acquire, collect and examine data in order to get a relevant result. It also describes the methods used to collect relevant information in a particular research sample. Surveys, questionnaires and interviews are standard methods for study. One of the main purposes of using research methodology is to answer all the questions that includes a specified study in order to resolve the same in an effective manner. Along with this, research methodology also determines the activity in a systematic and true sense that contributes in improving the possibilities of generating authentic outcomes that make overall research activities successful and reliable as well. As it also offers an appropriate platform to investigator to demonstrate how they can communicate and handle entire research activities in effectual way so that each and every aspects of investigation can be successfully done (Khan, 2014). Current research is based on the impact of Brexit on UK business, as it is one of the major and important topics that directly affect the whole economy of the nation because entire corporate business depends on the same. This is wider topic that includes depth analysis as researcher is responsible for selecting best suitable method to gather reliable data that contributes in taking as well as drawing valid conclusion at the end of the instigation. With the help of this investigator can easily evaluate or analyse the topic in order to make an effective justification. Furthermore, it includes different approaches that used to analyse the in-depth analysis towards the particular area of investigation to make it reliable in nature. Types of investigation It is crucial for researcher to evaluate the nature of research before undertaking its activities as it helps in improving the possibilities of attaining reliable outcomes within the investigation. In this context, some different types of methods are there which may assist in carry out the entire investigation in a systematic manner. As qualitative and quantitative are two type of techniques that may assist in taking right decision so that valid outcomes can be easily evaluated. Both are understood by below mentioned description:
Qualitative research: This approach is used to focus on the highest results of any study and its subject matter. Essentially, these are linked to social constructivist paradigms which help to evaluate issues taking into account the complexity of reality (Dumay and Cai, 2015). For example, if a researcher wants to know the meaning of human actions, feelings, values, etc., then the qualitative approach is suitable as all these human emotions are important. As it can be effective because it is totally based on the human emotion that can not be measurable and evaluated in numerical form. By this researcher gather theoretical and detailed analysis on the basis of particular research activities and topic as well. Quantitative research: As its title indicates, it allows to transform content into some kind of statistical format so that it is properly presented in a quantitative way. With the aid of this method, the analysis is made clearer. As, human consciousness can easily correct data and create a picture of the same, which makes it easier to understand. It also may support in determining the actual response that can easily measurable and analysed as it directly contributes in providing statistical results. For undertaking current investigation, researcher will be used qualitative research method because qualitative work refers to science. This approach is commonly used to grasp views and beliefs or people that help in understanding their actual response towards the selected topic. It provides insights into different issues and helps to build hypotheses or ideas for future quantitative study.The empirical method, with an analysis to look deeper into the problems, helps to find new opinions and individual points of view. This approach includes a range of unstructured or semi-structured data collection methods, like group meetings, person interviews, journal and newspaper experiments and the involvement of others aspects on the basis of Brexit and its impact over the UK companies. Research philosophy Positivism research philosophy: It is considered as an efficient way to collect practical data as this type of approach is considered to be from a consistent nature and also to be quickly analysed and represented from a clear empirical point of view (Mangal and Mangal, 2013). In addition, it established that observations must be isolated and, through with this, the phenomenon should be verifiable according to the design of the specific field of study. It also involves the alteration of fact including the various combinations that are dependent on a single reputable parameter. This helps the investigator to determine the connection between
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the different factors. Moreover, it is a long and rich historical tradition, because it is successful and appropriate for the social sciences. Interpretivism research philosophy:This kind of technique focuses on the analysis of each and every aspect of the research. In particular, it helps to incorporate human interest into a study with the goal of producing accurate and credible results (Jamshed, 2014). In addition, it also benefits researchers who identify as well as appreciate differences between people and their interest in the specific subject and area. For undertaking this investigation, researcher will apply positivism research philosophy, as it helps in providing detailed information that is directly based on the human behaviour and their perception. With the help of this, investigator can easily evaluate depth analysis on the basis of published sources in papers and articles as well. This will directly contribute in attaining positive outcomes at the end of the investigation and develop it successfully. Along with this investigator easily draw a valid conclusion and at the same time also reduce the possibilities of arising any kind of issues in research activities and at the time collecting data towards the Brexit and its impact over the UK business. Research approach:At the time of conducting research, it is essential for investigators to assess the structure under which study practices can be carried out extensively. Mainly, it is categorized on the basis of two form pf methods, such as inductive and deductive research approach. Thus, it is crucial for investigator to effectively use appropriate technique to undertake the investigation. Inductive research approach: The primary purpose of this sort of approach is to use relevant theories to carry out an empirical analysis in addition to taking a correct analysis. In this regard, the key strategic point of this method is the collection of data and, at the same time, the formulation of hypotheses based on the findings stated. In addition, it is also useful for quantitative studies that lead to the achievement of an optimistic and practical results within the research. Deductive research approach:This form of approach can be depending on theoretically and, around the same moment, investigators could also use concepts to make a logical interpretation within study and its activities (Choy, 2014). It is mostly focused on theoretical elements, which are also focused on already known facts and assumptions.
For undertaking this research, deductive research approach will be applied by investigator because it is beneficial in gathering theoretical aspects on the basis of previous evaluation of the research topic. This will directly contribute in enhancing the chances of developing an effective hypothesis that put positive impact over the end outcomes of the investigation. Research design:The research design relates to the entire approach that you use to organize the various aspect of the study in a coherent and logical manner, ensuring that the research question is effectively addressed; it constitutes a model for data collection, evaluation and analysis. This is the reason that investigator easily gather the data and information to draw valid judgement. Study design is one of the testing methods and techniques selected by the researcher to generate as well as collect reliable data on the basis of particular theme and area of research as well. The design enables investigators to effectively concentrate on study methods that are suitable for the topic and to set up their studies to be effective. with the help of this, researcher develop positive and accurate results in investigation. In this context, there are two type of research design that could be used by investigator to undertake research activities of on the basis of Brexit and its influence or impact over the UK business and its economy as well. As descriptive and experimental are the two type of research design that contributes in specify the issues includes in the research activities. Descriptive research design:Under this type of framework, the researcher is only willing to explain the circumstance or the scenario in their research report to specify the problem of the study that is required to evaluated. Along with this, it is also theoretically based design or approach that is generated by collecting, evaluating and implementing all the collected information towards the research theme and objectives as well. One of the main advantages of using this design is that it provides better understanding about the actual need of research activities. Experimental research design:It is also an effective aspect of research as it helps in establishing an effective relationship and connecting among all the causes and facts towards the specified situation and condition as well (MacDonald, 2012). In this context, it is a predictive design in which the influence of the independent variable on the dependent variable is observed. Under this research, descriptive research design is effective and will also adopt by researcher to gather detailed and in-depth information about the specified research topic or theme i.e. impact of Brexit over the UK business as it is wide aspect that influence entire activities of
company and economy. So that, a detailed analysis and evaluation is crucial that support in improving the possibilities of determining the actual issues and aspects within the research activities to take right judgement. Data collection:It is one of the important aspects that help in gathering data and content towards the selected topic and area as well (Flick, 2015). In this context, there are different type of methods of collecting relevant information that contributes in drawing a valid conclusion at the end of the investigation. Thus, it is crucial for investigator to select best suitable and effective method so that they can easily analyse the issue by collecting effective data and information. It can be classified on the basis of two methods such as: Primary method of data collection:Whatever knowledge or data is accumulated by first-hand experience is recognized as the primary method of data collection. This knowledge from second sources, such as books, avoids written journals and collects data from the work carried out by the researcher himself. In addition, the investigator can choose one data collection tool out of three, i.e. questionnaire, observation and experiment. The main focus of investigator is to collected data from respondents to understand their actual view point about research and its objectives as well. Secondary method of data collection:This approach is just the counter of the primary data collection process because it totally based on the published material. With the aid of a secondary process, the investigator can acquire information that has already been obtained by some other individual for various purposes. in this regard, literature review is one of the best examples, as it allows researchers to acquire extensive information on a particular topic. In current research, secondary method of data collection will be used by researcher because it is totally based on the sources that is already used and published (Mackey and Gass, 2015). One of the main advantages of this type of method is that it provides detailed information that help investigator to draw a valid conclusion at the end of the investigation and at the same time also increase the possibilities of attaining reliable outcomes.
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REFERENCES Books and journals Mackey, A. and Gass, S.M., 2015. Second language research: Methodology and design. Routledge. Flick, U., 2015. Introducing research methodology: A beginner's guide to doing a research project. Sage. MacDonald, C., 2012. Understanding participatory action research: A qualitative research methodology option. The Canadian Journal of Action Research, 13(2), pp.34-50. Choy, L.T., 2014. The strengths and weaknesses of research methodology: Comparison and complimentary between qualitative and quantitative approaches. IOSR Journal of Humanities and Social Science, 19(4), pp.99-104. Jamshed, S., 2014. Qualitative research method-interviewing and observation. Journal of basic and clinical pharmacy, 5(4), p.87. Mangal, S.K. and Mangal, S., 2013. Research methodology in behavioural sciences. PHI Learning Pvt. Ltd.. Dumay, J. and Cai, L., 2015. Using content analysis as a research methodology for investigating intellectual capital disclosure. Journal of Intellectual Capital. Khan, S.H., 2014. Phenomenography: A qualitative research methodology in Bangladesh. International Journal on New Trends in Education and Their Implications, 5(2), pp.34-43. Habib, M.M., Pathik, B.B. and Maryam, H., 2014. Research methodology-contemporary practices: guidelines for academic researchers. Cambridge Scholars Publishing. Mackert, M., Champlin, S.E., Holton, A., Muñoz, I.I. and Damásio, M.J., 2014. eHealth and healthliteracy:aresearchmethodologyreview.JournalofComputer-Mediated Communication, 19(3), pp.516-528.