This study focuses on the relation between autonomy and performances in business organizations. It analyzes the research problem, research design, key variables, sampling requirements, and ethical issues. The study concludes that autonomy enhances the performance level of organizations.
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Running head: RESEARCH AND DECISION MAKING FOR BUSINESS Table of Contents Introduction:....................................................................................................................................2 1. Analyze the business decision or problem:.................................................................................2 2. Overall research design:..............................................................................................................3 3. Key variables and how to measure them:....................................................................................4 4. Sampling requirements and sampling options:............................................................................5 5. Ethical issues:..............................................................................................................................5 Conclusion:......................................................................................................................................6 Reference List:.................................................................................................................................8
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1RESEARCH AND DECISION MAKING FOR BUSINESS Introduction: This very specific study is the continuation part of assignment 2 which primarily deal with a research issue. The identified topic of the research implies the relation between autonomy and performances. In this very specific study, the report has focused to make in-depth critical analysis about the identified research problem by incorporating the opinion of numerous research scholars. The study has provided detailed overview about research variables and requirements of sampling techniques. 1. Analysis of identified research problem: The identified research issue includes whether autonomy and performances are inseparably related or not.At the very mid of 1990 the concept of autonomy has been emerged in the business field. At that very initial journey parent companies had to take the responsibilities of running the subsidiaries with the help of same resources(Wierzbowska, 2015).Serhan, Tsangari and Business (2015) opined thatthere became a huge problem in coordinating the employees as well as business operations. In order to render a change within business the concept of autonomy is introduced within business operations. After the implementation of autonomy within business, different research scholars have provided different opinions. As per the opinion of this specific research scholar it has been observed that introduction of autonomy has enhanced the performance level of organizations. In this case, the subsidiaries can get the power of running their venture in own way.Pasquale (2015) commented thatit hampers in maintaining a systematic performance level. However, after analyzing the opinion of numerous research scholars it can be evaluated that autonomy among the employees
2RESEARCH AND DECISION MAKING FOR BUSINESS helps in providing self-motivation among the employees which ultimately helps in improving the performance level of employees. Afterevaluatingtheresearchproblem,theprimaryresearchquestionthatcanbe highlighted is as follows: What is the role and importance of autonomy in enhancing the performance level of an organization? Role of autonomy on business performances: In case of companies established in Singapore, it has been observed that the business experts can hire resources if they want and follow their own business strategy to reach the peak of success. Ajagbeet al. (2016) differed the opinion of previous scholar that autonomy fails to make a harmony between the parents and subsidiary. As a result, the business authority has to face immense challenges in maintaining a constant control over the entire process. Figure: 2005 to 2015 data of increasing rate of income due to growth of subsidiaries
3RESEARCH AND DECISION MAKING FOR BUSINESS 2. Evaluation of Research design: Before applying the entire data collection procedure the researcher needs to design the entire research work. By using appropriate data collection tools the entire method of collecting data is conducted very systematically(Fabricant & Postero, 2014). Research philosophy is used in this paper. Post positivism research philosophy is used so that the identified issue can be evaluated with keen and acute observation. Deductive research approach is also used for analyzing the existing theories from different perspectives. In order to conduct the entire research paper properly, three main kinds of data collection procedures can be used which includequalitative method, quantitative method and the mix method. The study has focused to make quantitative form of research work. Survey is selected for analyzing the data and information(Sia & Appu, 2015).Close-ended questionnaireshave been formed with the help of which participants could take part in the survey method. In addition, the study has focused to make secondary data analysis method by choosing thematic analysis as well. As a result, sufficient number of data and information are can be gathered for making the entire research paper successful. 3.Relation between two key variables and its impact: This specific research issue is constituted with two major variables;one isindependent variable and the other is dependent variable. Autonomy and its impact on the organization is considered as independent variable(Zhu, Djurjagina & Leker, 2014). On the other hand,a performance of employees and business is considered asdependent variable. In order to run the entire process of business systematically the organization needs to grab autonomy within operations(Ab Rahman & Ramli, 2014). As a result, the subsidiaries would not have to wait for taking
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4RESEARCH AND DECISION MAKING FOR BUSINESS permission of their parents in making strategic business decision. As a result, the entire method can be conducted very systematically. Therefore, the employee performance is highly dependent on the implementation of autonomy within business. It can be thus found out that the second variable is highly dependent on the first one. It has been observed that introduction of autonomy has enhanced the performance level of organizations. In this case, the subsidiaries can get the power of running their venture in own way. They can hire resources if they want and follow their own business strategy to reach the peak of success(Cvijanović et al., 2015). In this kind of situation, it can be decided that autonomy can ultimately enhances the performances of an organization. Therefore, the two identified research variables are inseparably related to each other. 4.Sampling methods and its justification In order to investigate the establishment of a foreign subsidiary in the market of Singapore, it can evaluate on how and when the company was established. The number of employees as well as the company's investment form has also been evaluated.While collecting relevant data and information the business experts have to focus on collecting samples from specific group of people amidst large population. Sampling is of two major kinds which include probability and non-probability sampling. In this very specific study the study has used non-probability sampling methodforinvolvingthosepeoplewhoaredirectlyassociatedwiththeresearchissue (Matchaba-Hove, Farrington & Sharp, 2015). Non-probability sampling technique intends to collect data and information from selected participants. In this very specific study, the data is collected from those employees who follows autonomy at the workplace. It is however observed that autonomy is successfully able to enhance the performance level of organizations. In this
5RESEARCH AND DECISION MAKING FOR BUSINESS case, the subsidiaries can get the power of running their venture in own way(Mauro, 2017). They can hire resources if they want and follow their own business strategy to reach the peak of success. Therefore, the researcher has selected to focus on involving those employees who are directly associated with the research issues. Selecting employees from those subsidiaries has helped in gathering relevant appropriate and data and information from various reliable and valid resources(Hobbs, 2015).In this study, the researcher has chosen total 100 samples so that sufficient number of data and information can be collected. In order to get the number of sample size the researcher has implemented effective formula of sample size: On the other hand, Z scores are expressed with the distribution ofmean of 0 and a standard deviation of 1:
6RESEARCH AND DECISION MAKING FOR BUSINESS 5. Ethical considerations: In order to conduct the research properly every researcher has to follow appropriate ethics beliefs and values in order to avoid ethical issues. In this study, the researcher may have to face some majorethicaldilemmas(Mauro,2017).Whilecollectingdatafromtherespondentsthe researcher may have to communicate with the people of various cultural backgrounds and attitudes. In this situation, the individual may have to face immense challenges in interacting with those participants due to language barrier. As a result, the researcher has to reject those participants from data collection procedures. This particular situation is considered as major ethical dilemma. The researcher should follow anti-discrimination act at the workplace with the help of which people belonging to various cultural and religious backgrounds can get equal priority and response. On the other hand, the researcher needs to follow gender equality acts as well. With the implementation of gender equality act both male and female participants can get equal priority in taking part on the research issue. On the other hand, the researcher needs to follow data protection act very strictly in order to avoid ethical issues(Zhu, Djurjagina & Leker, 2014). While collecting data the researcher should not leak out the information in front of third party. As a result, data confidentiality is highly maintained. In addition, while gathering information, the researcher should never force the participants for providing their response. The spontaneous
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7RESEARCH AND DECISION MAKING FOR BUSINESS response of the participants should be given priority and importance. These are the expected ethical issues that the researcher may have to face while collecting data and information regarding the identified issues. Conclusion: After critically evaluating the entire study it can be concluded that the study has provided detailed overview about research variables and requirements of sampling techniques. The report has described that at that very initial journey parent companies had to take the responsibilities of running the subsidiaries with the help of same resources. As a result, there became a huge problem in coordinating the employees as well as business operations. However, as per the opinion of this specific research scholar it has been observed that introduction of autonomy has enhanced the performance level of organizations. As a result, the business authority has to face immense challenges in maintaining a constant control over the entire process. As a result, it hampers in maintaining a systematic performance level. In analyzing the various tools of research designs the study has focused to make critical evaluations from different point of views. Research philosophy is used in this paper. Post positivism research philosophy is used so that the identified issue can be evaluated with keen and acute observation. In addition, the study has focused to make secondary data analysis method by choosing thematic analysis as well. Autonomy and its impact on the organization is considered as independent variable. On the other hand, a performance of employees and business is considered as dependent variable. The study has concluded that introduction of autonomy has enhanced the performance level of organizations. In this case, the subsidiaries can get the power of running their venture in own way. They can hire resources if they want and follow their own
8RESEARCH AND DECISION MAKING FOR BUSINESS business strategy to reach the peak of success. Therefore, it can be concluded that autonomy in a business organization helps the business experts in improving the performance level which ultimately reflects on overall organizational success.
9RESEARCH AND DECISION MAKING FOR BUSINESS Reference List: Ab Rahman, N. A., & Ramli, A. (2014). Entrepreneurship management, competitive advantage and firm performances in the craft industry: concepts and framework.Procedia-Social and Behavioral Sciences,145, 129-137. Ajagbe, A. M., Inelo, F., Udo, E. E., UDUIMOH, A. A., & AKPAN, S. E. (2016). Business StrategyasaContributortoOrganizationalPerformance.InternationalJournalof Advanced Academic Research,2(3), 1-19. Cvijanović, D., Mihailović, B., Čavlin, M., & Čavlin, G. (2015). Impact of Marketing Consulting on Performances of Agrarian Clusters in Serbia.Sustainability,7(2), 1099-1115. Fabricant, N., & Postero, N. (2014). Performing the ‘Wounded Indian’: A New Platform of Democracy and Human Rights in Bolivia’s Autonomy Movement.Identities,21(4), 395- 411. Hobbs, D. (2015). Business as a master metaphor: Working class entrepreneurship and business- like policing. InDeciphering the Enterprise Culture (Routledge Revivals)(pp. 127-145). Routledge. Matchaba-Hove,T.,Farrington,S.,&Sharp,G.(2015).Theentrepreneurialorientation- Performance relationship: A South African small business perspective.The Southern African Journal of Entrepreneurship and Small Business Management,7(1), 36-68. Mauro, L. (2017). Attitudes and Skills in Business Working Settings: A HR Management Tool.Business and Economics Journal,8, 291.
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10RESEARCH AND DECISION MAKING FOR BUSINESS Pasquale, F. (2015). Privacy, autonomy, and internet platforms. Serhan, C., Tsangari, H., & Business, S. (2015). Retention of fresh graduates: Identification of determinant factors through a modified job characteristics model. InGlobal Business Conference(pp. 200-202). Sia, S. K., & Appu, A. V. (2015). Work autonomy and workplace creativity: Moderating role of task complexity.Global Business Review,16(5), 772-784. Wierzbowska, A. (2015). Transmission of euro area shocks to Central and Eastern European countries.Implicationsformonetaryautonomyproblemandbusinesscycles synchronization.Japanese Journal of Monetary and Financial Economics Vol,3(1), 1- 29. Zhu, H., Djurjagina, K., & Leker, J. (2014). Innovative behaviour types and their influence on individualcrowdsourcingperformances.InternationalJournalofInnovation Management,18(06), 1440015.