Business Development: MBA Research Reflection Report Analysis

This research reflection report details a student's experience with an MBA major project centered around a business plan for elderly care services. The report outlines the chosen secondary research methods, emphasizing the use of business journals, textbooks, and governmental websites to gather information on the business plan's development. It highlights key areas of knowledge gained, including organizational, coordination, and management skills, along with valuable learning experiences from the MBA program, research process, and project application. The student identifies time management and marketing/positioning theory as crucial discoveries, addressing barriers like time and resource constraints. The report concludes by discussing the achievement of project objectives and the usefulness of findings for future professional development, emphasizing communication, presentation, resource management, and research skills. The overall goal is to create a detailed business plan for a day care center in Maldives.

RESEARCH
REFLECTION REPORT
(should contain the details
given below) Please type your responses in the spaces below:
Research Methods
&Processes
How and why have you
chosen/decided on the
research
methods and processes which
you
are using/have used for the
development of your Major
Project?
How would you describe
these to:
1) a reader of your Major
Project
and/or
2) a future employer
(max. 275 words)
As the research is primarily based on the idea of a business plan
for an elderly care service, the research method which has been
designed for the given purpose can be understood to be the
Secondary research approach. In this kind of a research
approach, the secondary data sources and related to the overall
concept of a business plan and in addition to this, the business
reviews and journals will be made use of in order to get
information on the manner in which the Day care center for the
elderly can be developed in the country.
The reason why the secondary research has been chosen for the
purpose of the paper can be contributed to the fact that the
Business idea is original and hence, for the purpose of the paper I
will be requiring data only on the manner in which the business
plan has to be prepared adequately. Moreover, through the
secondary sources, I will also be ensuring that, the information
which is presented in the case study totally relates to the case and
with respect to this, the right information needs to be used so as
to approach the different investors as present.
a) To the reader of a project, the explanation which shall be
provided will be based on the fact that, the business plan
has been an original idea and that, with respect to this, to
get other real information on the topic, the domain of
secondary research will be more suitable. In line of this,
the reader will be successfully able to understand that, in
order to attain long term success with the topic, it is
crucial to understand how a plan is processed.
b) Through the business idea, my future employer will be
able to gain a clear understanding of my overall skills in
preparing the business plan and with reference to this, it
can be rightfully mentioned that, any company which
wants to ensure success in the long run would be
essentially requiring suitable employees and if my
employee is able to gauge my skills through the plan, it
will be beneficial for me in the long run.

Literature &sources
1) What are the most
important
theories/I literature sources
/evidence sources which you
are
using to justify your research
and
You’re Major Project?
2) Why are these sources
important
And fundamental to your
work?
(max. 275 words)
The most important Literature sources which will be made use of
to justify the research project and the major project can be stated
to be as follows:
Business Journals- The Business journal will be made use of as
an important project source because, it shall enable the researcher
to come up with adequate information about the manner in which
the business plan has to be gathered and how it helps in
designing the business model.
Text Books: The text books can also be considered to be a major
source of information for the business project as present. In line
of this, the text book will be able to provide the importance of the
Business plan on a whole.
Business reviews: The Business reviews are also crucial sources
of data collection for the review which will be made use of.
Data websites: The governmental websites can also be known as
crucial sources of data collection which can be utilized for the
different sections of the paper.
The given sources can be understood to be very crucial for the
work because, they assist in making the overall project more
comprehensive in nature and additionally ensure that the business
idea is backed by adequate academic reading.
Your Knowledge
What key areas of knowledge
have
you gained from undertaking
your
Research and the Major
Project?
Indicate why these are so
important
To you?
(max. 200 words)
The key areas of knowledge which have been gained in this
project can be understood to be as follows:
Organizational skills: Through the organizational skills, I will be
able to ensure that in my future workplace I am able to manage
my overall responsibilities very well.
Coordination skills: The coordination skills can also be
considered to be adequately relevant skills which can be made
use of in the future in order to ensure that, I will be able to
contribute to the society in a better manner.
Management skills: Another set of skills, which can be
considered to be relevantly important can be stated to be the
Management skills. Through the use of these skills, I will be able
to become a good employee and a considerable leader in the long
run.

Your Learning
What are the most important
aspects/examples of learning
and/or skills which you have
gained from:
(1) undertaking the MBA
programme,
(2) following through your
research, and
(3) applying your knowledge and
what you have learnt in your Major
Project
(max. 200 words)
Through MBA
-Time Management
-Negotiation
-Skills Management
-Coordination
Through Research
-Using key words
-The use of members in a team
-Coordination
-Corporation
Major project
-Information gathering
-Presentation
-Time Management
Critical Thinking and your ideas
In carrying out your research, your
analysis, your evaluation of
evidence, and in identifying or
proposing conclusions, what has
been the most important discovery,
or piece of evidence, or theory, or
viewpoint, or critical idea, or
critical addition to your knowledge,
or other item of importance and
Why?
(max. 200 words)
The most important information or data which I was able to
gather in the research can be understood to be related to the fact
that time management has a crucial role to play. If the project is
done in a timely manner by following a specific time frame,
then in such a scenario, the quality of the information provided
and presented tends to improve.
In addition to this, the marketing and positioning theory which
was undertaken by me for the project can be understood to be
the most crucial piece of information which I have undertaken.

Barriers met
What were the main difficulties
and barriers which you were faced
within:
(l) undertaking your research, and
(2) completing your Major project
(max. 200 words)
The main difficulties which were managed and fixed in line of
this, can be understood to be the follows:
Time barrier: In addition to attending the classes, it was very
difficult for me to take out time for the management of the
different data as present.
Resource barrier: I often found it difficult to gather the right
data for the right purpose of the particular research project as
present.
Your Professional Development
What are the most important
business and/or management
skill(s) or academic idea(s) or
lesson(s) which you have learnt
from undertaking your research and
Your Major Project - and why?
(200 words)
The most important skills as learner can be understood to be as follows:
Communication skills
Presentation skills
Resource management skills
Negotiation skills
Research skills
The given skills form crucial skills of the organization and with respect
to this, it can be understood that as I have been able to gather these skills
and then will be able to make use of them in the future and in line of
this, will also be able to ensure success.
Objectives
Based on your research and the
work which you have done in the
MBA Programme and its use in
your Major Project, what were and
how far have the objectives of your
Major project been achieved?
(max. 250 words)
The objectives
1. The main aim of the research is to underline and outline the
business idea which has been specially developed for the purpose
of the business. The main business idea behind this is to come up
with an international business plan is related to the Day care for
Adults. Although the business idea cannot be considered to be
adequately new and profound, however, it is required to be noted
that, such kind of a day care system does not exist in Maldives
and with respect to this, the given business plan will work out to
be comparatively good.
2. In addition to this, the aim of the research is also to outline the
marketing plan, the financial plan as well as the operational plan

for the overall project development.
3. Additionally, the research also aims to get into explicit details on
the manner in which a detailed business plan can be formed
adequately.
The overall given objectives are in progress.
Findings & outcomes
How useful and/or feasible are the
findings, recommendations,
conclusions, or outcomes of your
Major Project to you and/or to a
FutureEmployer?
You must justify your answer with
Specific examples.
(max. 200 words)
The outcomes and findings of my future project will go a long way in
ensuring that my future employer will be able to benefit accordingly.
With my analysis on the Maldivesn market of the elderly, my future
employee will be able to gain a thorough information on how the market
governs.