A reflective journal is nothing but a means of recording personal thoughts, ideas, experiences, reflections and also the insights gained while the learning process or throughout the research process. Jotting down all the experiences on a single piece of paper might give a new and entirely different perspective over certain things or issues. The reflective journals are also considered a great way to find creative solutions to the most difficult problems of the learning process.
Below is a critical and in-depth reflection of ideas and thoughts that have been generated while preparing the literature review and the business research proposal on the topic “Entrepreneurship in the Australian Mining Industry”. The following section will unveil the future implications of the chosen topic and how it will be helping in the future career. It will also reveal that in what many ways the Business Research has been useful for the Research Learning Process. Finally, it will also talk about the justification of the practices involved in the previous assignments.
The research report has allowed gaining a great learning experience which subsequently has created reflective, engaged and memorable educational experiences that are capable of successfully addressing the specific challenges of the young researchers. The learning experience has also helped in effectively linking the goals and objectives of the research process to the activities that have been undertaken during the process. Apart from this, it has also aided in linking the available educational materials (articles and journals) to the real-world situations to bring concepts to life and make them immediately relevant with the chosen research problem.
There is an immense value of the learning experiences as they open a number of opportunities for creativity. In the entire research process, there have been instances where more than one solution was available for critical problems. The concrete experiences were applied along with the abstract concepts and a true, personal connection was made with the available literature. The mistakes have been valued more than ever before as there has been an involvement trial by error techniques, where evaluation has been made to find out which methods work better than the other and discard the non-workable ones.
The learning experience here might serve in a number of manners. Considering the course, then the learning experience here helps in linking the objectives and results of the research with the real world scenarios and problems. The program would be supported by the learning experiences in a way that the further researchers would get a better exposure to the practical applications of the research and even great literature content over the chosen topic of “Entrepreneurship in Australian Mining Industry”. The learning experiences also have a sound influence over the future career as it will open the gates of many small scaled entrepreneurs to explore the mining industry in Australia and establish a strong business ground in this field. Also, further researches could be conducted in this field to invite foreign investments in the country’s mining industry by the leading players in the global markets. Also, if more successful researches are made then there are chances that the industry may diversify and increase the extraction of other renewable resources that could act as a great alternative for the present day minerals and ores that are diminishing at a rapid rate. The career of a researcher could be reshaped in a positive manner if the results and outcomes are favorable because the government organizations of the country are willing to spend in such successful ideas and ventures in order to reform the present status of the Australian Mining Industry and encourage the emergence of small entrepreneurs in this field.
A precise influence of the learning experience is on the life of the researcher. These experiences prepare a researcher to face all sorts of realistic obstacles and suggest the most innovative solution for the same. Also, the researchers develop a tendency to keenly observe all the available literatures and journals and critically evaluate them so that the content is made relevant to their chosen topic. Moreover, a researcher could also gain deep insights about the present state of mining in Australia, its loopholes and strengths and the areas which need an immense support of the government and leading Investors in Australia.
The gained knowledge in the entire research process could be applied to increase more and more participation of the entrepreneurs both small and large scale in the Australian Mining Industry. In the coming future, the results of this research could also be used to attract the investors in the industry and involve resources that could lead in rapid expansion and opportunistic diversification of the industry. In the future, the research results could also help the industry to expand their business in other countries where the markets are quite raw and profitable at the same time.
During the learning process, I have been able to gain a great insight in the Australian mining industry and the emergence of its business side with the entry of small entrepreneurs. Also, the present status of the Australian industry has been portrayed well during the learning process. Also the journals and related articles have helped in analysis of the views of other Authors over this topic. For better understanding, a lot of reading has been done related to the topic including the history of mining in Australia, the present status of the mining industry, the pros and cons of the collaboration of entrepreneurs with the industry and the major companies that have the potential to drive the profit rates of the industry.
The Business research process often determines what the requirements of a particular industry are and what could be done towards the development of better opportunities. The Business research process has definitely helped in a proper assistant for better results of the research. The learning becomes easier when the business research process offers the researchers a precise direction to proceed. The process has allowed evaluating the ongoing activities and comparing them with the projections to determine whether any adjustments or reformations are needed or not.
In the Assignment1, a literature review has been presented followed by a whole Business research process in Assignment 2. In the literature review, the writings of a number of authors have been read and critically analyzed to include the content that helps in finding a precise answer to the research questions. This has been done because a lot of researches have already been done on the chosen topic and there has to be an analysis of already available content to propose a different view over the emergence of new entrepreneurs in the Australian Mining Industry. In the next assignment, a business research process has been conducted in order to find the answers to the specific questions like whether this emergence is fruitful or not or what the government organizations intend to do in order to promote better opportunities out of this collaboration. Also the research process has given a number of examples though the quantitative and qualitative methods to support the reliability and viability of the chosen topic.
The learning gained in this project will definitely help me to be analytical and support my views with strong statistical examples in the upcoming future researches. The experiences might help in correlating myriads thoughts of the authors and researchers with the real life situations and analyze the transformations in the thought process. Also, the knowledge gained from this project could be applied to unveil a close connection between the views and ideas of researchers and even evaluate that why differences (if any) arises. This research could also help in having a better understanding of Australian economy and business strategies of the leading and emerging entrepreneurs that have been adapted to rule the domestic and foreign markets.
Conclusion
Research process keeps the researchers abreast of the similar competitors in the business scenario. The learning experiences often boost up the creative side of a researcher and this has been the most crucial outcome of this project. A researcher begins to develop a strong connection between the theoretical concepts he has been reading till now to the ongoing real scenarios at the global level. Being more specific, a great understanding of the Australian mining industry has been made through this project and both the benefits and loopholes of the business side of this industry have been critically evaluated.
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