HC3131 Business Management Project Assignment Sample
Here’s the best sample of HC3131 Business Management Project Assignment, written by the expert.
To understand how managers in FB’s (family businesses and VCF’s (venture capital firms) manage ethical considerations
Research Topic
The main aim of this research is to understand how managers in FB’s (family businesses and VCF’s (venture capital firms) manage ethical considerations. It is because for managing the ethics is crucial for the firms to get the success and for the managers to manage the all business operations.
Background
In order to get the success in the market and to perform well in the market, it is needed for the firms to follow the different rules and the regulation along with some different ways. In this, follow the business ethics in the firm is also one of the major concepts for the firms to get success and to get the competitive advantage.
It is because it makes easy for the firms to handle the all business operations and also to increase the performance of the firm as well as the performance of the employees (Klonowski, 2018). But at the same time, there are different issues such as cost, time, etc that are also faced by the firm and affect the use of business ethics so for managing these issues, there are also different ways that are also used by firms and especially by the B’s (family businesses and VCF’s (venture capital firms). So, it can be determined that the use of business ethics plays a major role in the success of the firm.
Research Questions
In order to make successful the research, it will be needed for the researcher to formulate the some research questions that can be helpful for the researcher to complete the research on time and to generate the valid and effective outcomes of the research as well (Bauman, 2013). Below are the some research questions that will be considered by the researcher during the research.
- What are the business ethics in the business?
- What are the family businesses (FB’s) and venture capital firms?
- What are the roles of managers in the family businesses (FB’s) and venture capital firms?
- What are the major ways that are used by the managers in the firms to manage the business ethics in the family businesses (FB’s) and venture capital firms?
- What are the major issues that are faced by the managers to manage the business ethics in family businesses (FB’s) and venture capital firms?
- What are the techniques and the ways that can be used by the managers to increase the business ethics in the firm for managing the business of family businesses (FB’s) and venture capital firms?
For making this research, the managers of three family businesses (FB’s) and venture capital firms in Sweden will be targeted by the researcher and in this, primary method of the data collection will be used by the researcher. In this, interview questions will be asked by the researcher by the managers. It will help the researcher to complete the research on time and to generate the valid and effective research outcomes of the research (Macht, 2016).
As the use of interview method is quite time consuming way for the researcher but at the same time, the use of interview will be helpful for the researcher to collect the essential data and to perform better in the research and to produce the valid outcomes of the research as well.
Research significance
There are different researches that have been done on the different topics related to the ethics and the ethical consideration but at the same time, considering the family businesses (FB’s) and venture capital firms and through ethical consideration describe the role of managers is not done before. Because of this, it can be determined that this research will be helpful for the managers to get the idea about the use of aspects to manage the ethical considerations.
Nowadays, the one of the major issue in the firms is the consideration of the ethics by the firms and the senior department of the firm as well. The consideration of the ethics is the big problem in the family businesses (FB’s) and venture capital firms (Kolympiris et al., 2017). It is because they don’t focus on the following of ethics and except of this, they focus on other aspects such as management, leadership, profit, etc.
It is because they don’t aware about the advantages and the role of ethical consideration in the business and because of this, most of the family business and the venture capital firms are not success in the market. Due to this concern, this topic is chosen. This research will also define that how the management of ethical consideration is quite effective for the managers and the firms instated of focusing on the leadership, communication, etc (Fabijan et al., 2015).
This research will also make clear that how the ethical consideration in the business is effective to take the decisions. So, overall, this research will explore the role of the ethical consideration in the business to make better decisions and to handle the other business activities as well.
Research Duration
| Area of Work/Weeks | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |
| First of all research initial stage | |||||||||
| Meeting with contact person and discusses | |||||||||
| Research background understanding | |||||||||
| Develop the literature review | |||||||||
| Gap Identification (used Interview) | |||||||||
| Data analysis and writing a proper report | |||||||||
| Proof-Reading | |||||||||
| Submission |
Budget of the Research
| Activities | Budget |
| Research background developing | $100 |
| Meeting with contact person | $200 |
| Collect the data for the literature review | $100 |
| Conduct the primary research | $250 |
| Data analysis and writing a proper report | $150 |
| Proof Reading | $100 |
| Total | $900 |
Supposed research Outcomes
As this research is quite effective for family businesses (FB’s) and venture capital firms to the clear and in-depth understand about the ethics in the business so it can be expected that this research will be able to present that how managers in FB’s (family businesses) and VCF’s (venture capital firms) manage ethical considerations.
The outcomes of this research will also present the area in which FB’s (family businesses) and VCF’s (venture capital firms) give its major focus instead of business ethics. The outcomes of this research will also present the issues that are faced by the FB’s and VCF’s in the use of business ethics (Klonowski, 2018). This research will also show the ways and the techniques that can be used by FB’s (family businesses) and VCF’s (venture capital firms) to manage the all issues that are raised due to the use of business ethics in the operations.
Gantt chart
References
Bauman, S. (2013) Principles of cyberbullying research: Definitions, measures, and methodology. UK: Routledge.
Fabijan, A., Olsson, H. H., & Bosch, J. (2015) Customer feedback and data collection techniques in software R&D: a literature review. In International Conference of Software Business (pp. 139-153). USA: Springer International Publishing.
Fletcher, A. J. (2017) Applying critical realism in qualitative research: methodology meets method. International Journal of Social Research Methodology, 20(2), pp. 181-194.
Kolympiris, C., Hoenen, S. and Kalaitzandonakes, N., (2017) Geographic distance between venture capitalists and target firms and the value of quality signals. Industrial and Corporate Change, 27(1), pp.189-220.
Macht, S.A., (2016) Putting “entrepreneurial finance education” on the map: Including social capital in the entrepreneurial finance curriculum. Education+ Training, 58(9), pp.984-1002.
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