Research Methods in Business Practice

Research methods in
business practice

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Kolb's Reflective Model.........................................................................................................3
CONCLUSION ...............................................................................................................................3
REFERENCES................................................................................................................................4

INTRODUCTION
Research is defined as a process that helps an individual in informing the action,
collecting evidences for the theories as well as contributing to the developing knowledge in the
field of study. This aspect empowers with the knowledge and gives the latest information
regarding a specific topic or concept. Within this existing project, different reflective models are
going to be used and these models include onion model as well as Kolb's Reflective Cycle. These
types of reflective models assist a person in helping it understand its own thinking as well as
learning strategies (An and Friedman, 2020). Such models allow an individual in assessing all
the levels of a situation and the time period in which the task is going to be completed.
MAIN BODY
Kolb's Reflective Model
This reflective model was introduced by David Kolb in the year 1984 and it is a four-
staged model stating the ways in which the knowledge can be obtained by a person. It is a type of
theory that accept change that are based on the experience, reflection, conceptualisation and
experimentation. The four different stages of this kind of reflective model will allow me to share
my experience over the process of completing research on topic changes in GDP after COVID-
19. At the time of accomplishing this research, I have faced various problems but I had solved
these problems in an effective way with the help of Kolb's Learning Cycle which will give better
outcomes. There is an explanation of these four stages of this reflective model:
 Concrete Experience: In order to accomplish the research, I have to take guidance of
my teacher as it will support me in conducting the research in an effective and better
manner. For conducting the research, I have assigned a task of research by my teacher on
the topic of identification of changes in GDP after COVID-19. To do the research on this
topic, I have required to gain the knowledge from a wide number of sources (Diener,
Oishi and Tay, 2018). I have also taken guidance of my teacher for in-depth analysis of
the respective topic of research.
 Reflective Observation: It is the second stage of Kolb's Learning Cycle and at this stage
I have faced problems which is in concerned with my struggle in the process of
managing the method of research and also my poor English. However, at this stage I
have made efforts for understanding the topic my own and concentrating on analysing