TOPIC- Choosing a topic for business research
For the purpose of an effective an elaborate research schedule, which can help in giving insights about the procedures of research as well as about the problems to be explored in real case scenarios, it is of crucial importance to choose a relevant topic. The topic should be such that there remains considerable scope of exploration and filling the gaps present in the existing works which have been done in that arena. Keeping this in mind the topic I chose for further research was the topic of “Relation between the GDP and the Birth rates” of the nations across the world (Bryman and Bell 2015).
TOPIC- Searching for information regarding my chosen area of exploration
The topic I chose for research purpose proved to be a widely studied and explored topic. To conduct my research successfully it was important to observe the assertions and arguments already prevailing in this aspect. To study the same I conducted some initial investigations of the materials available online. There were different conflicting information regarding the relationship between the economic growth of a country and its fertility rate (Trochim, Donnelly and Arora 2015). While some asserted the presence of such relation, others negated it. There were also confusions regarding the direction of relationship.
TOPIC- Conducting a literature review (Searching for literatures)
With too much of conflicting information pouring in, it was necessary to sort the information according to time and relevance. For this, an extensive review of existing literatures was required. For this purpose, I started searching for relevant, authentic and elaborate literary works, which have been done in this domain already (Babin et al. 2012). This activity of searching for literatures benefited me by improving my skills for gathering relevant information and my ability to study, understand and sort them according to timeline and relevance.
TOPIC- Gathering insights from the literatures
While conducting the literature review I found that the conflict in the information was mainly attributed to the changes in the thought process of the scholars over time. The initial Malthusian views regarding the linkage between the concerned variable were that there exists a positive relation between the two concerned variables (Hair 2015). However, as I got to study from the present literatures, the succeeding literatures of those of the post-Malthus era scholars argued in favor of the presence of a negative relation between the economic dynamics and the fertility rates of the countries. Many of these works tried to strengthen their views by incorporating empirical evidences also.
TOPIC- Studying linkages between empirical evidences and theoretical assertions
During reviewing of the existing literatures, I came to learn the importance of the empirical evidences in making the research more robust (Anderson 2013). Empirical evidences being real life trends existing in the actual scenario, it is of utmost importance for the scholars to take into account these trends and bring parity between the observed trends and the hypothesis, which they suggest. In the concerned case, I found this parity to be brought forward with the help of the hypothesis of the Fertility J Curve.
TOPIC- Writing the literature review
The entire process of searching for the literatures and reviewing them helped me immensely in understanding not only the topic on which I have emphasized but also helped me in a broader sense to get an idea about how to conduct the search for relevant and authentic information and how to sort them according to their relevance. Conducting the literature review also helped me to understand how to identify the cause and effect relationships between the different variables. I understood the significance of empirical evidences in any research activities and also understood the need to be liberal such that new ideas and thoughts are easily incorporated while conducting research in any domain. These attributes may prove to be beneficial for my long term career prospects.
The elaborate reviewing of the literature helped me in gaining insights regarding the importance of the topic chosen by me as well as the dynamics that have occurred over the years in the domain of research and literatures in this aspect. The studying of the literatures helped to me understand that there has been evidences on both the positive as well as the negative relationship between the income of the country and the fertility rates of the same country. However, there remain several questions, which were not answered by the existing literatures.
TOPIC- Identification of gaps to be explored
In the process of conducting the elaborate literature review for the research purpose, I indentified the gaps that are present in the existing scholarly works, regarding the relationship between the income levels and the birth rates in a country. The primary gap, which I noticed regarding my concerned topic, is the absence of one robust and unanimously agreed pattern regarding the changes in the dynamics of the variables in relation to one another and the exact direction of cause and effect among the variables in consideration. There also exists another gap regarding unanimous acceptance of the presence of any relation between the two variables in consideration (Yin 2013).
TOPIC- Formation of the Research Proposal
With the gaps becoming apparent from the literature review, the purpose of the research around the concerned area of interest became even more prominent to me. I learnt the importance of designing a research proposal mentioning the points which I want to explore in my research. In constructing the research proposal I also mentioned the exact gaps which my future research will target to address.
Designing of the research proposal has helped me to learn to focus on the issues according to the priorities, with the aim of making the business research more comprehensive. This is expected to develop my analyzing skills, which may benefit me in the long run.
TOPIC- Learning about different types of data
While forming the research proposal I learnt about the different sources of data and their relative importance. The main sources of data being primary and secondary, their significances and limitations are also varied. While the primary data poses to be a more unbiased one, collection of primary data is a costly as well as time taking process. On the other hand, the secondary data collection seemed to be more cost effective and reliable if collected properly. I also learnt about the norms and ethical considerations, which have to be taken into account while collecting the data for the purpose of research (Jackson 2015).
TOPIC- Research Methodology
For analyzing any data there are several methods to choose from, which are broadly divided into quantitative and qualitative methods. While the former method is useful is analyzing the cardinal aspects of any domain of interest, the latter helps to take into account the in depth and non-cardinal aspects of the same and is definitely the broader and more inclusive method (Liamputtong 2013).
TOPIC- Learning experience for future projects
The overall process of research, including both the assessments of conducting a literature review and constructing a research proposal on the issue of concern has helped me considerably in gaining knowledge regarding the entire procedure of conducting a robust research about any topic or issue of concern (Sekaran and Bougie 2016). While in the short term, my experiences are expected to help me in completion of my course successfully, they also have implications in the long run on my career prospects. In the domain of business research, these experiences are expected to open my vision and mind and help me to be more liberated and accepting towards new ideas and insights. The extensive studies I have undertaken for this purpose have also helped me to be more exploring and thinking out of the box, which can be overall beneficial in the long run (Fowler Jr 2013).
References
Anderson, V., 2013. Research methods in human resource management: investigating a business issue. Kogan Page Publishers.
Babin, B.J., Carr, J.C., Griffin, M. and Zikmund, W.G., 2012. Business research methods. Australia.
Bryman, A. and Bell, E., 2015. Business research methods. Oxford University Press, USA.
Fowler Jr, F.J., 2013. Survey research methods. Sage publications.
Hair, J.F., 2015. Essentials of business research methods. ME Sharpe.
Jackson, S.L., 2015. Research methods and statistics: A critical thinking approach. Cengage Learning.
Liamputtong, P., 2013. Qualitative research methods.
Sekaran, U. and Bougie, R., 2016. Research methods for business: A skill building approach. John Wiley & Sons.
Trochim, W., Donnelly, J.P. and Arora, K., 2015. Research methods: The essential knowledge base. Nelson Education.
Yin, R.K., 2013. Case study research: Design and methods. Sage publications.
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