Strategic Challenges Assignment
Added on 2021-04-17
20 Pages4353 Words74 Views
Running head: RESEARCH METHODS FOR BUSINESS AND MANAGEMENTResearch Topic: Strategic challenges which are faced by the small and medium sized enterprisesinto the cottage industry in TobagoName of the Student:Name of the University:
1RESEARCH METHODS FOR BUSINESS AND MANAGEMENTTable of ContentsChapter 1: Introduction....................................................................................................................31.1 Background............................................................................................................................31.2 Problem/Issue Definition.......................................................................................................31.3 Rationale................................................................................................................................41.4 Research question..................................................................................................................41.5 Research aims........................................................................................................................41.6 Research objectives...............................................................................................................4Chapter 2: Literature Review...........................................................................................................52.1 Introduction............................................................................................................................52.2 Definitions of SME................................................................................................................52.3 SME contribution towards economic development and growth............................................52.4 Strategic challenges of SME cottage industry in Tobago......................................................62.5 Solutions to the challenges for SME in cottage industry.......................................................72.6 Conceptual map.....................................................................................................................9Chapter 3: Research Design and Methodology...............................................................................93.1 Research paradigm...............................................................................................................103.2 Research methodology.........................................................................................................103.3 Data collection.....................................................................................................................10
2RESEARCH METHODS FOR BUSINESS AND MANAGEMENT3.3.1 Questionnaire................................................................................................................113.3.2 Interviews.....................................................................................................................113.3.3 Sampling method..........................................................................................................113.4 Data analysis........................................................................................................................123.5 Ethics...................................................................................................................................123.6 Limitations to methodology.................................................................................................133.7 Research Timetable.............................................................................................................143.8 Project Plan..........................................................................................................................16References......................................................................................................................................17
3RESEARCH METHODS FOR BUSINESS AND MANAGEMENTChapter 1: Introduction 1.1 BackgroundThe research is based on the strategic challenges which are faced by the small andmedium sized enterprises into the cottage industry in Tobago. Small and medium sizedenterprises (SME) such as cottage industry faces challenges when they are approaching productsproviders for project fixed capital asset as well as market standards (Regnier 2017). The cottageindustry is one that runs by individual with help of the family members with little capitals. Intothe cottage industry of Tobago, the industry is facing strategic challenges related to lack of creditfacilities, higher cost, old design and machines, insufficient skilled labor, undeveloped marketand scattered distribution of products (Bakht and Basher 2015). SME are faced challenges forthe international marketing standards. The cottage industry is developed out of need foradditional sources of income, because of relative ease to acquire required raw materials to set theindustry. The products of the cottage industry satisfied the local demands. 1.2 Problem/Issue DefinitionThe issues into small scale and cottage industries are divided into two groups such asinternal and external. The external problems into cottage industry are availability of power,communication and infrastructural facilities (Karadag 2015). The internal problems areorganizational structure, training and distribution of products. The internal problems coupledwith the external problems put threat into business operations of SME.
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