Resilience In Business And Management Research: Strategies, Challenges, And Methods

Research Objectives

In today’s global market of competition organization are required to collaborate and interact with the consumers, stakeholders and the partners within a complex as well as temporary supply chain of products. This activity provides the organization with several challenges on their way.  As a employee of business, the individual is required to play the role of manager who wishes to pass areas of performance. This is due to the agile responses in the fast changing external environment that is increasing market turbulence. In this context, the newly developed business is very delicate and represents the interest of the managers who are likely to recognize the success strategies in the emergence of business.

Research has reported that almost 50% of the business fails in the first four years owing poor management activities. Therefore, the research study here focuses on different strategies of business management used by the organization in establishing their business towards success. The study also highlights the challenges faced by the employees while managing business within the competitive market.

The aim of the research is to evaluate the impact and methods of business management used by organizational owners in different organization. In this context, the study also seeks to find out the challenges faced by the employees while managing the business.

• To investigate the methods of business management used by the organizational owner
• To evaluate the theories related to business management practices
• To identify the challenges in management of business faced by the employees
• To recommend strategies for mitigating the challenges in business management

1. What are the methods of business management used by the organizations?
2. What are relevant theories and model associated with the management of business practices?
3. What are challenges faced by the organizational employees while managing business?
4. What are the ways to mitigate the challenges faced?

H0: There is positive influence of effective business management practice on increasing business productivity 

H1: There is negative correlation between financial investment and management practices in business

A business strategy emphasizes on a certain field of business and recognizes an effective approach to develop a beneficial position to compete with other business industries. Rosemann and vom Brocke (2015) states another illustration of business strategy is that, it focuses on the specific business unit and studies that helps to improve the competitiveness of business. However, from the perception of business management there are various levels of business strategies used by the business.

According to the view of Foss and Saebi (2017), academic classification shows that there are various types of management strategies such as corporate strategies, business strategy and functional method. In this context, formulation of business strategy needs the development of business objectives, business capability and opportunities as well as challenges that place in the market. The objective of the research is to examine the relationship among business environment and business management and the employees working within organization.

Xi  et al. (2015) reports that business organization tends to cooperate with the upstream as well as downstream partners during the development of products as an effort to manage business.  In this context, Linnenluecke (2017) suggested that horizontal forma of communication and exchange of data across different department can help to reduce unpredictable risk occurring within the  process of development and process of management and will help in enhancing the performance of management employees (refer to appendix 1).

Research Questions

Several authors of management interpreted the concept of management in a different way. According to Wirtz et al. (2016) that the most effective type of management was the one in which the employees provided their full efforts and in return they received a reward from their employers. In support to this statement, Dawson (2014) said that with the establishment of the administrative process of management, it started to be viewed as process. In this context, he categorized the operations of management in three different functions such as planning, organizing, authorizing, directing as well as management.

On the contrary to this, Kolk and Rivera-Santos (2018) referred management as the method by which a group of cooperatives directs actions to other towards the achievement of shared objectives. Again, according to Liñán and Fayolle (2015) management is the method of organizing and decision making, leading and managing the organization’s human, physical, financial and other resources and to improve the performance of the employees.

According to Frederick W. Taylor promoted the specializing of management theory suggesting that a workplace work needs to fragment into several sequence of smaller steps. He concluded that managers are required to assign job to their workers that matched their ability and train them as well as supervise their work by ensuring the he efficiency of the employees. However, Alvarez (2016) argued that Taylor’s focus was mostly on accomplishing efficiency of the workplace rather he ignored the humanity of the individual in favor of seeking the optimal way to complete a task. The theory of Taylor is not much practiced nowadays.

Managers and entrepreneurs of business organization face several challenges while managing their business. However, these challenges can be inclusive of several challenges such as problems in financing, issues in creating and developing products that appeals customers, identifying and retaining expertise employees, completion of the objectives and keeping in line with the regulatory issues.

Rosemann and vom Brocke (2015) stated one of the major challenges faced while managing a business is financing the resources,, running a successful business organization requires a huge amount of capital investment, particularly during the phase of startup. Therefore, corporates are needed to rely on the interest and investment of shareholders. On the contrary, managers of the company always face more or less challenges due to the federal regulation of US laws as well as state laws.

The existing review of literature will be showing that some management theories c contrasted from some of the theory of management premises. The general concept of literature review is this that a successful system of management consists of four major parts of business operations, planning, organizing, and controlling the process of management.

Critical Literature Review

However, the exiting will be focusing on specific field of business management that pose deficiencies in the existing literature f management due to the lack of different management approaches used by employees at all levels. The research may not have integrated methods of management due to lack of time thereby leaving a gap for future research.

To conduct this research a descriptive research design has been chosen to evaluate the behavior of the management without influencing the way. These, research design will be used to use to evaluate the natural behaviors of the management employees working in business organization without having influencing them in any way (Bell et al. 2017). This will also be used by the researcher to evaluate the habits and performance of the employees with the use of the management method they use to judge the moral of the employees.

A deductive approach will be used to develop a hypothesis based on the existing theory of management and then framing the strategy of research for testing the strategy to examine the hypothesis.  According to Möller and Parvinen (2015) it has been stated deductive approach of reasoning can be used to use to test the relationship between different theoretical factors to obtain a general circumstances. Deductive approach can be illustrated by the means of derived hypotheses that is deduced from the propositions of theory. In other words it can be said that this approach will be concerned with deducing conclusion from the propositions of management.

Post positivism research methodology will be used in conducting the research through a scientific evaluation and common sense of reasoning to understand the gaps and errors in theoretical perspective (Heisig et al. 2016). The objective of post positivist research philosophy is to reveal the underlying the objective of the study by highlighting the original facts of the study. The post positivism philosophy will help to determine the cause and effect of management methods used in business through careful observations and investigation of the process that are repeatable.

The data in this research will be collected through a secondary qualitative method of research to understand the behavior and opinions of the employees about the impact of and use of business management. Data will be collected from secondary resources such as online journals, magazines, interview reports, and annual reports of different organization to measure the impact of business management on the performance of the employees. The theories as well will be derived from the different online sources and books.

Challenges in Business Management

Secondary analysis of data refers to the utilization of existing source of data for finding the answer to the questions that is contrasting from the original work. However, secondary data collected in this study is based on extensive personal research and large scale interviews (Karatas?Ozkan et al. 2014). Therefore, the fundamental ethical issues associated with the secondary use of data remains constant as they have become more important with the emergence of innovative technologies. Nowadays, sharing of data, compiling as well storing of data have turned in to a much faster process. At the same time, there are increased concerns about the confidentiality and security of the data that are being used in research study (Fazey et al. 2014).

Concerns about secondary use of data shall be kept in mind while using range of secondary data from various sources. However, if the collected data will not contain any identified information or if it will be devoid of appropriate information that the researcher does not have access to, then the research will not be reviewed by the ethical board. If the data contains relevant information of the participants that could be associated with the identified participants, the complete proposal will be reviewed by the board. In case if the data are easily accessible in internet, books and other public resources, permission for further used and analysis will be permitted by the authorities. However, the data collected from various resources will be kept no longer than necessary for the purpose. Moreover, the collected data will be kept safe from any unauthorized access and accidental incident. For maintaining the security of the data it will be kept in hardcopies stored in locked cabinets and soft copies will be kept safe as encrypted data in the computer.

The specific research has been estimated to be completed within three months starting from the month of September till the month of December 2018. However, the research will face several problems due to the shortage of resources and shortage of time.

Reference list

Alvarez, J.L. ed., 2016. The diffusion and consumption of business knowledge. Berlin: Springer.

Bell, E., Kothiyal, N. and Willmott, H., 2017. Methodology?as?technique and the meaning of rigour in globalized management research. British Journal of Management, 28(3), pp.534-550.

Dawson, J.F., 2014. Moderation in management research: What, why, when, and how. Journal of Business and Psychology, 29(1), pp.1-19.

Fazey, I., Bunse, L., Msika, J., Pinke, M., Preedy, K., Evely, A.C., Lambert, E., Hastings, E., Morris, S. and Reed, M.S., 2014. Evaluating knowledge exchange in interdisciplinary and multi-stakeholder research. Global Environmental Change, 25, pp.204-220.

Foss, N.J. and Saebi, T., 2017. Fifteen years of research on business model innovation: How far have we come, and where should we go?. Journal of Management, 43(1), pp.200-227.

Heisig, P., Suraj, O.A., Kianto, A., Kemboi, C., Perez Arrau, G. and Fathi Easa, N., 2016. Knowledge management and business performance: global experts’ views on future research needs. Journal of Knowledge Management, 20(6), pp.1169-1198.

Karatas?Ozkan, M., Anderson, A.R., Fayolle, A., Howells, J. and Condor, R., 2014. Understanding entrepreneurship: challenging dominant perspectives and theorizing entrepreneurship through new postpositivist epistemologies. Journal of Small Business Management, 52(4), pp.589-593.

Kolk, A. and Rivera-Santos, M., 2018. The state of research on Africa in business and management: Insights from a systematic review of key international journals. Business & Society, 57(3), pp.415-436.

Liñán, F. and Fayolle, A., 2015. A systematic literature review on entrepreneurial intentions: citation, thematic analyses, and research agenda. International Entrepreneurship and Management Journal, 11(4), pp.907-933.

Linnenluecke, M.K., 2017. Resilience in business and management research: A review of influential publications and a research agenda. International Journal of Management Reviews, 19(1), pp.4-30.

Möller, K. and Parvinen, P., 2015. An impact-oriented implementation approach in business marketing research: Introduction to the Special Issue on “Implementing Strategies and Theories of B2B Marketing and Sales Management”. Industrial Marketing Management, 45, pp.3-11.

Rosemann, M. and vom Brocke, J., 2015. The six core elements of business process management. In Handbook on business process management 1 (pp. 105-122). Springer, Berlin, Heidelberg.

Wirtz, B.W., Pistoia, A., Ullrich, S. and Göttel, V., 2016. Business models: Origin, development and future research perspectives. Long range planning, 49(1), pp.36-54.

Xi, J.M., Kraus, S., Filser, M. and Kellermanns, F.W., 2015. Mapping the field of family business research: past trends and future directions. International Entrepreneurship and Management Journal, 11(1), pp.113-132.

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