Write about the Methods and Methodology for Co-working Space in NSW.
In the economic momentum the country called Australia has recently experiencing an immense amount of growth. As a result the country is giving opportunities for new opening for many new jobs. Within a quarter of year the rate of job has increased excessively. Within August it is expected that the country will be able to accommodate jobs for more than 54,200 new employees. It will give high impact on the country’s economy. However the operational cost required for the job opening and recruitment has also been impacted due to this change. Across Sydney, the cost for the operation is also getting increased highly that is needed to be controlled. In order to gain effective result a vast research work is required to be done by the professionals. However, in order to conduct this research work an accurate research methods and research methodologies are to be followed by the researchers. The office rental space spiked over the limitation due to the lack of cost management.
Australia is experiencing high level of economic growth from the competitive market. The rental space for the office is growing intensively but based on that the office rental cost is also increasing excessively. Lack of proper co imminent space is referred to as a major issue for the Australia that is required to be managed and controlled properly to create valid balance between the office rental cost and opened job opportunities for the new employees.
The aim of the research is to identify the current issues facing by the Australian Economy for the high rental cost of the workspace. Based on the infrastructure though the cost varies but still the estimation is higher daily. In order to reduce this particular issue, the business model of Australia is focusing on developing Co-working space in New South Wales. Currently Australia accommodates around 300 co-working space and at the san time the property consultants are also intends for growing this number gradually. Moreover the main aim of the research work is to create a healthy business environment for by mixing up the non-corporate and corporate working companies.
In order to conduct any research work efficiently it is necessary for the researcher to consider different factors based on research work for successfully accomplishing the research work. This particular research is focused on a unit project that has a set of objectives to be followed regarding the development of co-working space for the employees. However in order to initiate this research work it is necessary for the researchers to understand the requirement for working space throughout Australia as well as New South Wales (NSW). In order to achieve the business target the researcher is required to maintain three basic factors in terms of project, program and profile management (Taylor, Bogdan and DeVault 2015). In addition to this in order to drive the research work towards professional success all the exiting business are needed to be analyzed. As the facilities are not to be compromised thus, the researchers must focus on identifying and developing affordable co-working space in Australia. In order to obtain accurate results from the investors proper a business module rather business case are also are to be developed.
In order to conduct this particular research work the research philosophy, research design, research approaches are to be considered. In addition to this, for developing this research work accurate data techniques are data collection methods are also needed to be followed by the researcher. Based on the research details appropriate data collection method is needed to be considered by the researchers (Mackey and Gass 2015). It has been found that based on the research topic these factors are to be selected to reduce the complexity of the research rework. An accurate research design is also required to be followed for conducting the research work. Based on the problem statement a research methodology has been considered and the details of the research work are illustrated below:
In order to analyze the requirements of co-working space development in Australia, it is necessary for the researcher to outline the topic in details. It is expected that with the help of proper research methodologies the researcher will be able to make proper synchronization between the research objectives and the expected outcome from the research work (Lewis 2015). Accurate research methodology will be able to establish a business for the co-working space and the self sustain for scale up the multiple branches within least investment. This research methodology part deals with different theories and concept those are helpful to analyze the research work more critically and properly. Though in order to accomplish the complete research work within an estimated time phase it is necessary for the researcher to breakdown the total work in small segments. Based on the complexity of each part proper time phases are also should be allotted (Vaioleti 2016). For successful accomplishment of the research work, each activity is to be completed within that allotted time period. For delivering better analysis report this research methodology is a very important part that has to be maintained. Research onion is referred to as a research methodology tool which is widely used by most of the researchers to identify and exploit all the research facts and resultants accurately.
Three different type of research philosophies in terms of positivism, realism, interpretivism are there those are widely used by most of the researchers while conducting any research work. For this particular research work “Development of Co-working space in New South Wales”, the researcher should also select the most suitable philosophy. The thinking process for the evaluation of this particular research topic also varies a lot for the selection of the research philosophy (Smith 2015). This approach will help to create proper working alignment between the research topic and expected outcome from the research work. A broad as well as very common form of epistemology which is a part of this particular philosophy requires being very much effective and aligned to the research topic.
In order to exploit all the research based hidden facts it is necessary for the researcher to consider positivism research philosophy. It is expected that with the help of positivism research philosophy, all the research hidden facts will be completely revealed following a scientific manner. In order to enable the collected set of research based knowledge, positivism research approach is required to be considered as it helps to reject the metaphysics for a much detailed research observation (Taylor, Bogdan and DeVault 2015). For those research topic which are full of complexity the interpretivism research philosophy is needed to be considered. It has the ability to support the research structures those are absolutely complex in nature. For this particular research work, the interpretivism work is avoided as it deals with the social world for business and different management activities. On the other hand the interpretative law deals with natural law thus for this research work the realism research philosophy is also avoided accordingly. Realism is referred to as a mixed research approach that has the feature of both realism and interpretivism (Bernard 2017). The realism research philosophy basically deals with human trustworthiness that helps the researcher to study the detail interaction between the reality and human belief.
For this particular research topic “Development of Co-working space in New South Wales” the researcher should select positivism philosophy. The hidden details of research topic and all supportive logics can be revealed with the help of positivism research philosophy. In addition to this, it is also found that for this research topic the study is absolutely limited in time boundary (Glaser and Strauss 2017). The roles of the researchers are bounded within data manipulation and data evaluation with the help of the positivism research philosophy. Both the realism and interpretivism philosophy are discarded because those are expected to fail to reach the research topic.
Research approach is referred to as an approach that help to develop the format of the report that are helpful for conducting the study to reveal the current status of the growing office rental cost and the importance of developing co-working space for the Australian business. The business environment will be improved if the research succeeds to choose the most suitable research approach (Padgett 2016). There are two different types of research approaches available such as inductive research approach and deductive research approach. Among two of these research approaches the most suitable approach is needed to be selected by the researcher to conduct the research work accurately. It is not necessary that, each time the researcher will have enough data for conducting the research work. If it is found that enough information are not available for any research topic then, for that study inductive research approach should be adopted. In addition to this, it can also be said that the inductive approach can serve the reason of building new theories based on the research topic accordingly. The first phase of the inductive research approach is to observe all those facts that may help to obtain related data for creating the path for concluding the research work. On the other hand if enough data are found to be available then, the researcher should select deductive approach. The nature of the deductive approach is completely different from the inductive research approach. Before staring the research work, some of the information are already collected and analyzed by the researcher. Deductive approach is such a research approach which is completely based on development of research theories and existing practices. The current recruitment structure and job structure of Australia are required to be analyzed by the researchers to understand the benefits of implementing co-working space for different companies.
For making the research analysis much specific and accurate the researcher should select deductive approach. However, the aim of the proper research approach selection is again for analyzing the research work more accurately and deeply (Kahlke 2014). For this particular current study area the concept regarding the co-working space development in Australia will become much easier and appropriate if deductive research approach is selected for this study.
Besides choosing the most suitable research philosophy and research approach the researcher should nest select the mist appropriate research design. It is expected that with the help of the most suitable research design the topic or research framework will become much clear. With the help of the clear view of the research details the development of the co-working space in Australia will become much easier and free of complexities (Palinkas et al. 2015). There are three different kinds of research designs are available such as explanatory, exploratory and descriptive. The data collection, analysis result, framework and design pattern of the research work will become more clear and proper with the selection of the appropriate design. On the other hand, the research design is somewhere closely interrelated to data collection. In order to give a better result on the research topic, the data those will be collected must be based on the design. It will give the researcher a better and detail description about the research topic (Berger 2015). According to the topic the aim of the research work is to develop a co-working space in Australia. It is assumed that with the help of detail research analysis, the current causes of high rental cost for the workplaces in Australia will be identified. Besides the identification of the reasons the project, program and profile management details those are to be considered for conducting the research work, accurate research design is to be selected (Choy 2014). Based upon the business targets real time set up and similar kinds of business modules are also needed to be presented which become easier with the help of the research design. Again for running the co-working space of different business module the role of research design is found to be very much effective.
In order to acknowledge different ideas and thoughts for the completion of the research work successfully the explanatory design is helpful. On the other hand, it also helps to identify the occurrence of the events and different incidents those are correspondingly happening in Australian business environment (Marshall and Rossman 2014). If the research wok fails to identify the relationship between the cause and effects, the research become slight limited also which will lead the research result towards failure. For this particular research topic, the researcher should choose the descriptive design as it will help to analyze the reason for which the current rental cost of the business environment is rising frequently.
The researcher should choose descriptive design as it can scrutinize the reason for which Australian business world are required to developing workplace across Australia as well as New South Wales (NSW). It has been found that project, program and profile management will help to develop affordable working space in Australia without making compromise with anyone. Moreover, it can be said that with the help of descriptive design the business targets can be achieved easily and also new business modules can be created.
In order to conduct the research work the researcher is required to select proper data collection procedure also. Set of data are useful information collection as well as facts those are helpful for driving the research work `towards appropriate direction. It has been found that, data collection procedure is an important part of the research process that can enable the research work through following a standard procedure. The data collection procedure deals with data sources, data techniques, total population and sample size. Based on the sample size the sample techniques are to be considered by the researchers.
There are two different types of data sources available such as primary source and secondary source. In order to penetrate the research topic accurately selection of proper data source is very much required. In order to fetch data from the dataset, accurate data source is needed to be selected by the researcher. Two different kinds of data sources are there such as primary and secondary (Hussein 2015). Based on the research background, the most suitable data source is needed to be selected by the researcher. It has been found that both of these sources are helpful to obtain necessary materials necessary for the research topic. In order to collect real time data the primary sources are very helpful whereas; study or research with the reviewed information published in journals and books or blog are referred to as the secondary data. It is necessary for the researcher to choose the most suitable data source.
Primary data are collected with the help of designing survey and questionnaires as well. In order to gain result from the primary research necessary respondents and research participants are needed to be selected. After analyzing the research details it can be said that, for developing co-working space in Australia mixed data collection in terms of both the primary and secondary data sources are to be selected. The respondents of the research work are to be chosen also very sophisticatedly (Marshall and Rossman 2014). Again it is necessary to consider all other required conditions such as ethics. During the primary research work, the researcher should avoid external influences and harassments. In order to gather all necessary raw materials regarding the research topic, primary sources should be chosen. As per the requirements of the research topic, the raw data can be catered and captured as well. However, it is necessary for the researchers to consider the first hand data collection but there is no clarification of data reliability and data validity (Nardi 2018). On the other hand for widening the research topic, the secondary data sources are very much helpful (Palinkas et al. 2015). In order to deliver a better study details, secondary data analysis is very much helpful. Secondary data source enables the researchers to access better study ability because it can involve information as well as its details description.
For this particular research study the researcher should selected mixed data sources for collecting information. Besides a research survey some secondary sources are also considered for the development of the research work.
To different types of data techniques are there such as qualitative and quantitative. The researchers are responsible to choose the most suitable data technique (Mertens 2014). The quantitative technique deals with the quantity of the response that has been gained from the research whereas; the qualitative research work deals with the quality of the research resultants. In order to record narrative form of data, a better description of the research topic can be eventually gained. It also helps to design the theoretical concept and the practical design as well. The employees who are working for the Australian office are considered as the research respondents. However, quantitative data are the statistical data those are helpful for further design of the research topic accurately (Padgett 2016). For this research work mixed approach are considered where the managers of the organizations are considered as the qualitative participants.
In order to develop co-working environment in terms of new space for the businesses in Australia, the total population that has been selected for the research work in 50. It means that 50 respondents are selected for the research work.
The total population or size of population considered for this research is 50 and the sampling technique that should be followed for the research work is simple random probability. Both the online and offline questionnaires are considered for the sampling technique (Eisner 2017). It is necessary for the researcher to consider all these aspects properly to achieve the research resultant within estimated time and cost.
While conducting the research topic that is about development of co-working space or business environment in Australia, certain ethical components or factors are to be considered by the researcher. It can be said that if these approaches are considered then the research work will provide all necessary outcomes as per the assumed research outcomes.
Application for the data: In order to realize the current trends of rental cost of the workspace in Australia and other details the researcher mostly found to be dependent upon the feedback gained from the respondents.
Involvement of the respondents: While conducting the research work it is necessary for the researcher to involve all the respondents (Kahlke 2014). The engagement of the researchers will lead the research work towards measured success. Based upon the feedback of the respondents the design should have to be developed. The respondents who will have voluntary participation are always encouraged for the taking part in the research work
Respondent’s anonymity: After considering the research respondents it is necessary for the researchers to ensure that none of them will be externally influenced or harassed mentally or physically during the survey period (Padgett 2016). The outcomes of the research work are fully dependent on the response of the participants.
Besides these certain limitation in the research are there and those are elaborated below:
Reliability: The respondents who will be involves in the research work must not be involved with any kind of external pressures. However, in some cases it can be found that some of the participants become biased to their businesses.
Time constraints: Time limitation is referred to as other factors that may rise as a problem due to the cross sectional nature of the study or research work.
Budget constraints: Budget limitation is another limitation that has been faced by the researcher.
References
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