Historical Research Essay Example | Topics and Well Written Essays - 1500 words

Historical Research - Essay Example Historical research can offer the business or management researchers a variety of means to achieve extensive knowledge to understand, solve or interpret a situation at hand. Knowledge of the underlying information to any matter enhances the levels of understanding whilst improving the ability to discern and decide on the right or wrong decisions in business management. Historical background information adds to the chances of easier understanding why for instance the reasons implying the general trends in the present (Mehran, 2010). Historical research in the business context Historical research is not a major topic in business and management. Additionally this field lacks supply of enough attention as an independent c research field. Historical research in management studies takes care of various issues requiring this form of research methodology to assist in comparisons with other research methodologies (Sullivan, 2010). Historical research is used in decision making and in evaluati ng  intercultural negotiation in business. ... It involves; formulation of a research question as the starting point (Ribeiro, 2011). There is no reason why historical research will not incorporate some features quantitative research. Conversely, the main emphasis is mostly interpretivistic. The question on review has to be defensible. The relevance check- a historical researcher ought to note that for his work to uphold relevance, it is important to check if the work at hand is track. Note; I. Whether there is prior evidence holding essential concerns on how present decisions are to be made and the means through which future current policies are to be instituted. II. Whether there exist suggestions that the business had encountered a related issue in the past, how they were met, and the outcome of the decisions drawn at that time. III. Whether there is a possibility that the matter at hand may be as a result of a cycle. Is there enough understanding of the matter and the cycle’s nature and how it would be of importance in solving the present situation? Next is the need to determine the scope the business management issue extends. This cannot be easily perceived by a novice researcher as it calls for deep consideration of the domain for examination. The domain for examination establishes the principle discipline that the historical research will require to consider (Stefanie, 2007). A research project of this kind often applies marketing and financial knowledge and concepts. An aspect cannot be understood independently from other related aspects in business management. This indicates that the researcher ought to understand the history of the matters he or she is comparing. This type of idea also deeply applies to business management studies. There is no chance of having an

The Porters Five Force Analysis Research Paper Example | Topics and Well Written Essays - 2000 words

The Porters Five Force Analysis - Research Paper Example Product innovation and wider range of products is another platform for competition. Companies need to expand their reach to cater to more and more customers, both geographically and demographically. Competition will intensify in relation to environmental measures and energy use, as customers' attitudes to the environment become gradually more important. In this scenario, basic technological trends will lead to a variety of technical vehicle-related innovations. With the shift in focus to customer retention and loyalty, companies now have to invest in better customer service to ensure customer satisfaction. Better service also includes better geographical advantage to serve where the customers are located. There is little bargaining power for buyers in the luxury car segment as there are numerous buyers scattered all around the globe. There is better transparency and huge amounts of information available to buyers regarding the pricing and cost of manufacture of cars and hence they have some leverage in negotiating the purchasing price. This advantage is mostly over-ridden by the fact that buyers for this segment are mostly individuals and are not grouped together for a collective advantage. Since luxury cars are sold typically by the company or direct dealers, there are few players in the distribution channel at present. Luxury cars have lower or no resale value as compared to economy cars. This is an enormous factor that influences buying decisions in the case of luxury cars. Bargaining power of suppliers The suppliers to large premium segment manufacturers would typically be large and medium manufacturers themselves. Since quality is the biggest product differentiator in this segment, it is imperative that companies choose their suppliers with care and efficiency. In such a case, it would be difficult to replace or change suppliers with ease. As a result they have some flex in determining product pricing, delivery and distribution. Threat of new entrants The threat of new entrants in this segment is very low due to the many entry barriers that exist in this industry. There are too many well established companies with stiff competition among them. A huge amount of capital is required to enter into this sector. There should also be tremendous amount of tacit and explicit knowledge of products and constant innovativeness to compete in this industry. The luxury car segment is driven by quality and goodwill as well and this comes with time and experience in the sector. With all the above barriers, few companies would look into entering this industry . However, there is the threat of companies already existing in the auto industry, entering into the luxury car segment. Many companies, which originally were small and economy car makers, have now entered into the luxury car segment and are giving the bigger and better established giants in this segment a run for their money. Threat of substitute products The most prominent substitute to cars is public transports such as buses, taxis and aircrafts. The bigger companies in the premium car segment have taken steps to compete with public transportation by manufacturing luxury buses and providing pick-up service in their premium cars as part of the hospitality sector. The other