Research Reflection Report on Interior Design Business in Malta

This research reflection report examines the feasibility of establishing an interior design business in Malta, focusing on market analysis, research methodologies, and potential challenges. The report delves into the application of qualitative research, utilizing secondary sources such as journals, articles, and books to assess business viability. It explores the importance of literature review, discussing various sources like scholarly articles, magazines, and online resources to gather comprehensive information about the interior design industry. The report highlights the student's learning process, including the application of business models like marketing mix and STP, as well as the analysis of financial and industry feasibility. It also addresses the importance of considering factors such as labor costs and economic conditions in Malta. Overall, the report provides insights into the student's understanding of the interior design business, the research process, and the practical application of business concepts, emphasizing the significance of market demand, customer satisfaction, and financial planning for success.

RESEARCH REFLECTION
REPORT

TABLE OF CONTENTS
Research Methods & Processes..................................................................................................1
Literature & sources....................................................................................................................2
Your Knowledge.........................................................................................................................4
Your Learning.............................................................................................................................5
Critical Thinking and your ideas.................................................................................................7
Barriers met.................................................................................................................................9
Your Professional Development...............................................................................................10
Objectives..................................................................................................................................10
Findings & outcomes................................................................................................................11

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1

Research Methods &
Processes
With context to research methodology, I have performed entire
assessment of every type of approach and research which is proper to
attain best conclusion. The beginning process of observation with
context to development of business and main reason behind this is of
specific technique and ineffectual compromising the final selected
research processes. In this aspect, my mentor has helped me to
selecting process of research and with this I came up with different
reasonable explanation of mode to accomplish success in the interior
design business industry. Moreover, with reference to feasibility
research, I have implied qualitative research for ascertaining the
business viability. In this study to gain in depth information, there is
use of interpretivism philosophy for analysis for business idea's
viability. I have articulated feasibility with use of secondary source
which are highly reliable such as journals, articles and books
published on internet on basis of interior design business in Malta.
The vital reason behind choosing secondary sources is all about
availability of other sources and may already used in previous
research and creates ease for further research. It would indirectly lead
to save time and cost efficient where data was collected through
researcher.
With discussion of research methodology from my mentor, I
attained justification with particular study and I attained capability to
evaluate research methodology which helped for proper description.
Moreover, I also attained evidence in this report which has
complimented with context to evaluate skills. Apart from this, I have
implied my basic knowledge related to methodologies and even
performed broad range of sources like internet, journals and past
literature on same topic which gives knowledge about analyzing and
collecting information for proper outcome. The very important point
is to analyze data was selected for developing effective interior design
services offered by “The hub of Interni designs”. I faced difficulty to
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get viewpoints of the different participants so I worked on secondary
research and there findings and market feasibility as per nature of
business via both method. On basis of organizational feasibility,
business will be highly efficient for establishing position in market
and importance for resolving queries of people. Furthermore, it
creates capability to attaining satisfaction level in possibility of best
method. This study is all about secondary research which gives high
authentication and accuracy cited through literature as well and
considered online articles which are upgraded on short duration.
3

Literature & sources On basis of this present report, I have reflected different
resources of literature as it shows combination of scholarly writing
related to particular topic I have implied books of my peers, articles,
dissertations and conference papers. With reference to data gathered
from research, there are numerous methods and techniques by
deploying the data of literature and characterised high level of detail
and need of published in little time. In the similar aspect, I found that
embodied sources of every original and it leads to offer information
of first hand which is closely linked with objectives of study.
Simultaneously, I have articulated evaluation of secondary
sources of literature on basis of research and it provides second hand
and non original information or data. It is elaborated that actual data
through external sources are assisted for gathering relevant
information and data with context to research topic. The information
is stated in text books, magazines, newspapers and other secondary
sources provides global description of the results and details on basis
of methodology it involves critical study and biographies.
I have extracted that, literature review is very important and
offers description of particular research with context to beginning of
the research in statistics. Moreover, it has shown that relevance along
with originality of whole study provides justification of this
methodology. On basis of these resources, I Have articulated
preparedness for purpose of developing business and giving more
time due to direct relationship with high accuracy. It is very important
to perform accurate literature as it forms rapport with audience as
result of credit on basis of due diligence. As a result, numerous
articles, books with listed sources shows trustworthy scholarship with
high expertise,. The key is for sticking to gist of sources which are
synthesized and it decreases the incidental plagiarism. Apart from
this, I have collected wide range of secondary sources and I have laid
special emphasis on priority to text book for finding theories and
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models with context to interior design business.
During this research, I have also considered different
authorities is area with latest editions. Malta has attained growth with
different business and ion this interior design business and rich with
use of different scholarly articles as effective sources about recent
trends with development. According to me, magazines are very
attractive as they have assumption that research area shows
professional and personal interest both as well. In the present
scenario, online articles represents updated information and related to
interior design business in Malta or even in entire world. Moreover, it
will lead to find online version of above stated sources on basis of
level of reliability and even online articles could be compromised and
depended on source due to ease at high level where articles could be
published.
There are different opinions represented in wide range of
online discussion blogs which cannot be implied in literature review.
Furthermore, the assessors of different dissertation are not keen to
encourage references to blogs range until articles in blogs are cited
through author with high expertise authorities in interior design
industry.
5

Your Knowledge On basis of this study, I have absorbed knowledge related to
ascertainment about interior design business, personnel, operational
functions with business's financial planning. With application of
marketing research related to business model development and very
important in business plan. Moreover, as per concept of business I
have planned to launch 3D designs on walls and to manage services
which are highly relevant for creating unique ambience. It will
facilitate services with proper designs and customised by offering
affordable services. In the similar context, I have stated value added
services which will impact different technologies along with
techniques which assist business for purpose of upbringing the
attractive interior design business. There is also existence of window
of opportunity to build share with customer satisfaction in effective
mode.
However, the significant area is on basis of feasibility is in
need of high ambition must be aligned appropriately with context to
commercial viability. Simultaneously, I have performed industry
feasibility of whole interior design business which must be analysed
as it is composed of services appeal or with its absence. I have
extracted that labour cost is highly significant amount which impacts
firm's bottom line at particular extent. The economic disruption,
unforeseeable on industry is known as barrier to make operations
smoother of business. I have articulated that economy of Malta is
increasing at rapid rate which is positive signal and company should
gain benefit with reference to profit margin. On basis of service
feasibility, usage of technology directly leads to design high demand
in consumers due to the present youth which is highly tech savy and
in this interior design business.
Financial feasibility is replicated as very important with
context of feasibility analysis required for carrying a new project. It
lays special focus on analysis for ensuring project lives till the
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performance expectation. It is a procedure by which profitability of
project could be estimated within particular duration. In this analysis,
all financial resources are managers in such aspect its utilise resources
in optimum aspect and made sufficient income sources along with
expenses related to accounts. Furthermore, I gained knowledge
related to working capital requirements is very important without
capability to make up availability of funds as regular operational
needs could be fulfilled. Simultaneously, I have undertook knowledge
related to service and industry feasibility which helped me to prove
that overall success could be gained by business. It has been
articulated that Maltese market is highly advantageous for business
with less population and even grabbed high market share.
As per my opinion, high demand of interior business services
is stated in market which directly governs on clear aspect that
business is enable to attain desired sales with sufficient position with
context to profitability.
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Your Learning In the present scenario, learning is very important in every
aspect because this leads to improve understanding and capability for
surviving and sustaining. This research has helped to extract learning
with use of different business models like marketing mix, STP,
business model canvas and even feasibility analysis of every field. I
have attained best knowledge regarding adoption of appropriate
research methodology to reach research objective. In the similar
context, I gained information related to procedure implied to collect
data and information with objective to procedure of decision making.
However, methodology might comprise research publications,
research surveys and research techniques with both present and
historical information. The research is qualified as process must be
with certain characteristics with high possibilities must be rigorous,
controlled, verifiable, valid, systematic and empirical.
With application of STP model, segmentation is in form to
create image in market for interior design business and targetting
through developing the customer base for every category like
corporate and residents. According to me, this will lead to amazing
and euphoric ambience through 3D and personalised service as per
clients needs and requirements. Furthermore, with context to
positioning, there is presence of approach to create different identity
in market and made be learn to develop services through marketing
mix. This study has also helped for learning about business canvas
model as it is very important with context to communicate to clients
and what business must do. It will indirectly lead to pull special focus
on business operation with continuation and to gain success in the
future. It is all about value propositions as it does not tell about
particular product and solving a problem and filling a need. It helped
to know about customer segments and for visualising significances
and enforce users to address major areas and understanding
relationships to reach agreements.
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In the same series, it leads to structure discussions and helps
in analysing tool to reach objectives and could be editable with very
ease as business changes. This provides concise tool for thinking with
context of business and keeping all data points with great visibility
and categorised in particular 10 elements such as key resources,
channels, customer segments, cost structure, revenue stream, value
propositions, customer relationships, competitive strategy and key
activities of business model. I have articulated that, “The Hub of
Interni design” has composed itself in interior design business and
ensures about delivery of attractive wall designs in best structure with
appropriate execution and contribution about different meetings.
The most aspect has been extracted is as GDP as positive
indicator with raise in income and suggesting mid to strong prospects
with long term perspective in Malta. In the similar aspect, I have
implied collaborative and online marketing strategy for spreading
awareness about organization and communicating its value to
consumers. The collaborative marketing strategy leads to align
interest of company along with resources through companies to attain
the capability. Apart from this, online marketing strategy leads to
save time, cost and even resources as well as this aligns way
consumer undertakes purchasing decisions. This enables for building
relations with their customer and prospects via regular, and low cost
personalised communication shows move away through mass
marketing. In the similar aspect, it creates ability for reaching global
market place and allows audience to know personally and helps for
creating brand loyalty.
9

Critical Thinking and
your ideas
During this research, it had been identified that website
developer, interior designers, online market, marketing company,
franchise managers, supplier, sponsors and product delivery are key
partners for this interior design business. The customer relationship is
very significant part of business as in this it is maintained by
participation and promotion via clients like digital campaigns and
physical campaigns. Further, clients will be actualised because of
constant actualisation and products and services are purchased. In the
similar context, clients would try to buy more and reaching with sales
and retaining with more subscription. It will also detail about
dedicated personal assistance, productive workforce and personal
assistance.
Apart from this, main aspect is about business is key activities
where sponsoring with other organization, managing interior design,
designing and producing products, promotion, sponsoring charities,
renewing catalogues, shop for particular fabric material and setting
atmosphere for planning and designing personalised designs. Lastly,
it initiates with digital change to wall designing. With absence of key
activities, no business could attain success in future and create its
unique brand in the industry. However, value proposition is
considered as value a company promises with context to deliver to
customer must select to purchase the product. In this interior business
development plan, I have proposed its proposition as purchase at store
and setting consultant for purpose of personalised services.
Simultaneously, the catalogues with every service and product is
delivered along with presence of online booking. Moreover, every
aspect is highly dependent on things according to interest and desire.
This is the step which helps in attaining competitive advantage as the
designs will be customised and applicability of 3D concept in
designing walls and creating attractive ambience.
I have evaluated ideas on basis of customer segment which is
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