HL6008 Business Research

Question:

For this assessment, students are expected to demonstrate their understanding of the extant, academic literature related to an approved, business topic. In consultation with their lecturer, students need to decide on a business-related topic/concept. Students need to select approximately eight to twelve (8-12), but at least three (3), peer-reviewed articles or comparable sources (online resource can be accessed using ProQuest or Google Scholar) that are related to the topic (as the basis of their literature review).Justify chosen research methodology (quantitative/qualitative) and explain procedures for data collection, proposed data analysis, and limitations of your proposed study. 

In the context of their chosen topic, students need to review the articles and sources selected, i. e. read and critically analyses (compare and contrast) the literature. In doing so, students are required to discuss the key ideas/arguments put forward by authors, identify communalities/similarities, differences and conclusions drawn by different authors. Based on this analysis and discussion, students are expected to point out potential gaps in the literature that will form the basis of Assessment 2, the research proposal Evaluate professional practice issues in business research

Marking criteria of the literature review include: the quality and currency of the literature selected; the student’s ability to compare and contrast author’s arguments/viewpoints and identify gaps in the existing literature in the context of the chosen business topic; the demonstrated ability to use Harvard referencing.Develop a research proposal, research project plan, literature review to be able to solve business problem and explain research outcomes.

Answer:

A particular business organization primary aims to maintain the superior quality of products as well as services. Some of the eminent scholars have opined that maintaining the product quality and services is not the primary mission of a business organization. In order to maintain a clear data on organizational profitability business organization has to maintain a clear database. Accounting is the systematic procedure of storing, maintaining and evaluating both internal as well as external database for making the entire financial transaction with a chronological order.

The process of accounting enables the business experts to store entire database of organizational performance systematically. Therefore, the business managers are having a constant control over the profitability record of the organization. However, it has been observed that finance department is currently facing innumerable difficulties in maintaining a constant data record with the help of accounting software. In this kind of situation, organizational employees fail to provide effective services to the managers due to the lack of technological skill. Therefore, this specific research issue has focused to evaluate on how the finance executives of global business organizations are facing innumerable challenges in maintaining their data record with the help of accounting software.  

2. Project Objective 

The primary objectives of this particular study are as follows:

• To critically evaluate the challenges and barriers that business experts have to face while implementing accounting within global organization
• To critically understand the overall impact of accounting in enhancing the overall performance level of the global organization’
• To provide some of the major recommendations on how those identified challenges can be overcome by implementing necessary business strategies as well as policies

It has been observed that global business organizations are endowed with large number of senior employees who are not very much accustomed with the advancement of technology. Mackey and Gass (2015) opined that those kinds of employees have to face innumerable difficulties in operating advanced technology while maintaining database both internally as well as externally. On the other hand, it has also been observed that global business experts have to follow different structure of tax rate compliance. As a result, as per the tax rate structure the business experts have to keep a constant update on the legislations and acts of different countries.

Based on the tax legislations the business experts have to prepare the database. In most of the cases, it has been observed that business experts are not comfortable in keeping an in-depth knowledge and idea about the different acts and legislation. Consequently, the finance executives face difficulties in dealing with the database by maintaining a proper chronology. Taylor, Bogdan and DeVault (2015) stated that after evaluating the research issue some of the researcher and practitioners have raised their voice to evaluate the necessary challenges that finance executives of global organizations have to face while using accounting at their workplace.

4. Literature Review 

Based on this specific research issue, challenges of accounting in Global Organizations various eminent scholars have provided different opinion from their own perspectives. It is undeniable that large number of business organizations belonging to global market has to maintain their financial database by using accounting software in order to make accuracy. Vaioleti (2016) opined that people belonging to different geographical boundaries are associated within the business organization.

Therefore, the role of finance executives are to keep an in-depth data record on the overall performance level of the employees by calculating their remuneration, additional benefits and facilities as well as incentives. It has been observed that global organizations failed to maintain a chronological data record on the overall performance level of the employees. As a result, employees are not getting their remuneration properly. In this kind of situation, employees are showing their extreme level of reluctance in providing a good performance level to the organization.

Flick (2015) stated that the primary challenges that a specific business organization face while maintaining financial transaction through accounting software include lack of operating skill of the employees. Large number of senior employees belonging to the global organization fails to operate the advancement of technology. At the same time, those employees do not have any competency on how to overcome sudden technological barrier. In this kind of situation, the entire process of business had been serious affected.

However, some of the eminent scholars have provided necessary recommendations in their own studies on how to overcome challenges of accounting for running a business organization effectively. As per the opinion of Neuman, and Robson (2014), the global organizations can provide an effective training to the employees for enhancing the skill and competency on technology. An effective training and development session may help an individual to maintain a balance between customers supply and demand. On the other hand, finance executives should have in-depth knowledge on the tax regulations and acts of different countries for maintaining entire financial database properly (Daudt, Mossel and Scott 2013). As a result, the business experts would not have to face difficulties in maintaining a proper record about organizational profitability.

5. Research Questions/Hypothesis 

• Primary Question

The primary question of this specific research work includes:

• What are the challenges and barriers that business experts have to face while implementing accounting within global organization
• Secondary Questions
• What is the overall impact of accounting in enhancing the overall performance level of the global organization?
• What should be the necessary recommendations for overcoming the challenges by implementing necessary business strategies as well as policies?

6. Research Design and Methodology 

For that particular research, primary source of data collection technique would be used for accomplishing the entire research work. In primary source of data collection technique, only quantitative form of data analysis procedure has been used (Smith 2015). As a result, the researcher got the direct opportunity to communicate with the respondents with the help of which an immediate response has been collected.

• Quantitative research

Research design:

In order to design the entire research work the researcher would like to use positivism philosophical approach in order to make a keep observation on the research issue. After identifying the major components of research issue deductive approach will be used for evaluating the study from different perspectives (Snyder 2012). With the help of deductive approach data and information is generally analysed by making an in-depth case study. On the other hand, descriptive research design will focus to interpret the collected data from different point of views.

Research instruments:

In order to conduct this particular research work the researcher would like to use some of the necessary properties based on which the entire data will be evaluated. Those properties are otherwise named as research instrument (Gale et al. 2013). In this specific study, the research instruments that are used to conduct the entire study include questionnaires, online sources, relevant books and magazines and so on.

Data analysis procedure:

This specific research has focused to make an in-depth analysis by using graphical representation. In order to make the readers understand the entire data will be evaluated thorough graphs and charts (Tavakoli 2012). In order to maintain accuracy of data the study would be focusing on doing regression analysis with the help of which readers can analyse research result properly.

Sampling technique:

Sampling technique is the systematic process of collecting data from a specific group of people among large number of population (Choy 2014). Data sampling technique is constituted with two major types including probability sampling technique and non-probability sampling technique. In probability sampling technique, respondents are selected randomly. On the other hand, non-probability sampling technique ensures specific group of people for providing their responses regarding the research issue (Wahyuni 2012). However, in this particular study non-probability sampling technique will be used where 50 employees from finance department belonging to the global organizations will be participated in order to provide their response.

Design of questionnaires:

One particular questionnaire would be formed based on which the respondent would provide their necessary response. This particular research issue include challenges of accounting in Global Organizations. For that specific research issue the design of questionnaires would be as follows:

Q4. How far do you agree that organizational employees are facing innumerable challenges in handling accounting?

Options	Number of respondents	Total respondents	Percentage representation of the total response
Strongly Agree
Agree
Indifferent
Disagree
Strongly Disagree

Table 1: The rate of employees who agree that organizational employees are facing innumerable challenges in handling accounting

Reliability and validity of data:

As per the ethical consideration every business experts have to collect data and information from those sources, which are having proper reliability and validity (Mackenzie et al. 2012). The secondary sources that will be used within the study should have an authentic reference list with the help of which readers can find out the links while going through the paper. On the other hand, it is also important that collected data should have proper validity. The researcher should use the data resources, which are very much contemporary and are having proper validity.  

7. Research Limitations 

While conducting the entire study the researcher has faced some of the major flaws, which can be avoided while conducting the future study. In this specific research, the researcher has focused to select positivism philosophy. In this specific philosophy, an individual is only dependent on observation. On the other hand,   post positivism philosophy relies on observation along with proper evidence.

Therefore, while conducting the research work the researcher could have focused on post-positivism research philosophy instead of only positivism. On the other hand, the entire research work could have collected data from secondary resources as well. In the primary source of data collection procedure, the researcher could have got a chance of having biased response from the participants. In this kind of situation, secondary source of research work may help the researcher to conduct the entire research systematically.  

8. Time Schedule 

(Research plan has been attached in appendix)

9. Conclusion 

The entire study has focused to make an in-depth analysis about the challenges that business experts are facing in implementing accounting within the business services. As per the opinion of some of the eminent scholars, accounting is having a major significance in maintaining a chronological database related to finance. However, this specific study has highlighted some of the major challenges of implementing accounting from different perspectives. The researcher has used methodological tools for collecting necessary data and information as well. Based on that particular data and information the study has focused to evaluate the research issue from both positive as well as negative aspects.

Reference list:

Choy, L.T., 2014. The strengths and weaknesses of research methodology: Comparison and complimentary between qualitative and quantitative approaches. IOSR Journal of Humanities and Social Science, 19(4), pp.99-104.

Daudt, H.M., van Mossel, C. and Scott, S.J., 2013. Enhancing the scoping study methodology: a large, inter-professional team’s experience with Arksey and O’Malley’s framework. BMC medical research methodology, 13(1), p.48.

Flick, U., 2015. Introducing research methodology: A beginner's guide to doing a research project. Sage.

Gale, N.K., Heath, G., Cameron, E., Rashid, S. and Redwood, S., 2013. Using the framework method for the analysis of qualitative data in multi-disciplinary health research. BMC medical research methodology, 13(1), p.117.

Mackenzie, J., Tan, P.L., Hoverman, S. and Baldwin, C., 2012. The value and limitations of Participatory Action Research methodology. Journal of hydrology, 474, pp.11-21.

Mackey, A. and Gass, S.M., 2015. Second language research: Methodology and design. Routledge.

Neuman, W.L. and Robson, K., 2014. Basics of social research. Pearson Canada.

Pierre, E.A.S., 2012. Post qualitative research. Collecting and interpreting qualitative materials, 3.

Smith, J.A. ed., 2015. Qualitative psychology: A practical guide to research methods. Sage.

Snyder, C., 2012. A case study of a case study: Analysis of a robust qualitative research methodology. The Qualitative Report, 17(13), p.1.

Tavakoli, H., 2012. A dictionary of research methodology and statistics in applied linguistics. Rahnama press.

Taylor, S.J., Bogdan, R. and DeVault, M., 2015. Introduction to qualitative research methods: A guidebook and resource. John Wiley & Sons.

Vaioleti, T.M., 2016. Talanoa research methodology: A developing position on Pacific research. Waikato Journal of Education, 12(1).

Wahyuni, D., 2012. The research design maze: Understanding paradigms, cases, methods and methodologies.