Research Methods in Business Practice: Performance and Management

This report delves into the application of research methods in business practices, drawing upon work experience within a large retail setting to analyze and evaluate performance. Utilizing the Gibbs reflection model, the author reflects on management-related issues, focusing on strategies to improve organizational productivity and profitability. The analysis covers key aspects such as performance evaluation, the use of quality circles, and the implementation of 360-degree feedback to enhance employee management and overall business performance. The report also identifies areas for personal skill development, such as communication and interpersonal skills, while highlighting strengths in research and problem-solving. Ultimately, the report emphasizes the importance of effective management practices in achieving both personal and professional goals, concluding with actionable insights for improving future business operations. Desklib provides access to this and other valuable student-contributed assignments.

Research Methods In
Business Practice

INTRODUCTION
Research methods are defined as specific procedures for collecting and analysing the data
that develop the understanding and knowledge particularly. This is important for each individual
to have skills and abilities to perform well which supports to accomplish business goals. In
project 1st we have discussed about management and strategies which are used to improve
understanding and managing all activities effectively (Lo, Rey-Martí, and Botella-Carrubi,
2020). In this report I am sharing my work experience and insights which I used to handle the
business management relates issues as they all supported to bring changes in existing
performance and complete the productivity. By using the Gibbs reflection model I have
evaluated all activities and work which I done earlier and supported to accomplish professional
goals.
MAIN BODY
For each organization it is important to focus on management and its related activities as it
help to arrange all functions as well as activities which supports to complete the business
productivity. The employees are the main assets of business industry as they have contributed to
each functions and helped to increase the performance. I have worked with larger retailer name
was Sainsbury where number of employees working continuously. I noticed that selling and
profitability activities of company going to reduced continuously due to lack of management and
having competitors in the market where it became important to introduce kind of products and
services that would influence number of people and supports to increase the organizational
productivity. The description stage used by me to know that management is most important
while working as it affects the business productivity. There are many issues which are running in
management as lack of customers and lack of satisfaction that created the challenges to operate
their functional activities felt by me in second stage. In this, I came to know that there are many
issues in relation management that arises while working and needs to resolve properly that helps
to develop the organizational performance and profitability (Tinh, Thuy, and Ngoc Huy, 2021).
The third stages is evaluation which I used to know the reason and introduces new thoughts to
bring something new and attractive that supports to develop the organizational productivity and
performance. I noticed that every individual should be focus over management and its practices
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which are used to bring changes in existing performance and looking towards management of
each activity. All elements of your business should use good people management. Employment,
coaching and people development, operational procedures, and, yes, business conditions should
all be assessed on a regular basis to see where improvements may be made. Human management
tactics such as performance assessments, quality circles, cascade presentations, 360-degree
feedback, and internal documents can all help you get the most out of your employees (Schoch,
2021).
Analysis stage used by me to determine the different strategies to management such as
performance evaluation, quality circles, cascade presentation, 360 degree feedback, & internal
document which can be used by company to improve their existing performance. While working
in retail sector I analysed that 360 degree feedback is the effective technique and way that are
used by individual to understand personal and organizational development needs of an industry.
This technique used by management and employees of company works together successfully that
supports to operate a business efficiently. The people should have proper knowledge and
understanding about particular topic which can help to manage all functions and activities
effectively. KPI is the tool refers to key performance indicators that is used to analysis
performance of company and bring changes accordingly that support to develop organization
productivity. I used this tool analysis the business performance and all works collectively which
supports to improve business profits. Quality circles is the group of workers who do the same or
similar work who meets regularly helps to solve problems which can help to accomplish business
goals. While working I have analysed that my communication skills were weak as I faced the
problems while sharing with employees and leaders that affected the business sales and
profitability (Fathelrahman, 2019). Communication is most important aspects which are used to
share the data and information that supports to introduce changes while working that supported
to develop organizational productivity. The skills in which I was lack interpersonal and
mathematical skills that created challenges for me to manage the all functions and activities. The
interpersonal skill can be improve by sharing data with confidence that supports to manage all
functions and activities effectively. Moreover, I also analysed that I am good in research and
development skills which I used to conduct research about management practices and strategies
which could be used to introduce new ways to collect information and develop the organizational
performance. This can help to improve the organizational activities by collecting data. I also
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possessed problem solving skills as I solve the management problem by building effective team
and providing them training which supported to accomplish professional goals. Thus, from the
above concluded that management practices are important for individuals which were by me to
resolve all issues and develop performance. The action plans used by me to implement all
practices and attain the personal as well as professional goals. It has given me opportunity to
handle all problems and attain higher productivity (Markkanen, Välimäki, Anttila, and
Kuuskorpi, 2020).
Conclusion
According to the findings of this study, all aspects of the firm should practise pleasant
people management. Performance evaluations, continuous improvement, cascade presentations,
360-degree feedback, and internal documentation are all effective human resource methods that
can help managers get through their employees. Learn more about how to manage your
employees' performance. This study will contribute in the development of new analytic
management methods. This research mostly consists of analysis table data illustrating the
association between organisational strategies and R&D, inventive expenditures, and productivity
growth, which has already been linked across a variety of econometric parameters. From 2016 to
2020, this study revealed particular findings such as overall management methods and their
score.
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REFERENCE
Books and journal
Lo, F.Y., Rey-Martí, A. and Botella-Carrubi, D., 2020. Research methods in business:
Quantitative and qualitative comparative analysis. Journal of Business Research, 115,
pp.221-224.
Tinh, D.T., Thuy, N.T. and Ngoc Huy, D.T., 2021. Doing Business Research and Teaching
Methodology for Undergraduate, Postgraduate and Doctoral Students-Case in Various
Markets Including Vietnam. Ilkogretim Online, 20(1).
Fathelrahman, A., 2019. Using reflection to improve distance learning course delivery: a case
study of teaching a management information systems course. Open Learning: The
Journal of Open, Distance and e-Learning, 34(2), pp.176-186.
Markkanen, P., Välimäki, M., Anttila, M. and Kuuskorpi, M., 2020. A reflective cycle:
Understanding challenging situations in a school setting. Educational Research, 62(1),
pp.46-62.
Schoch, L., 2021. Reflections on the Parkinson’s Project: learning experiences with the Gibbs’
Reflective Cycle.
(Lo, Rey-Martí, and Botella-Carrubi, 2020) (Tinh, Thuy, and Ngoc Huy, 2021) (Fathelrahman,
2019) (Markkanen, Välimäki, Anttila, and Kuuskorpi, 2020) (Schoch, 2021)
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