Effectiveness of the Business Incubators-Free-Samples for Students

Question: Discuss about the Role of the university business startup incubators for student startups in Melbourne business schools. Answer: Introduction Problem statement In Melbourne Business School, there are high numbers of university graduates who aspire to establish start-ups and there is some business start up incubators to help them set up the business. The purpose of this research will be to determine how effective is the role of these business incubators to help the university students set up their start-up companies. Research aim The aim of the research is to determine how effectively the business incubators of Melbourne help the business school students to establish startup businesses. Research objectives Determining the effectiveness of the business incubators The role played by the business incubators in Melbourne Research methodology This chapter emphasizes on the required methodology for the research work. In this chapter an outline of the research method will be provided and along with that research strategy, approach and philosophy will be provided. The justification behind choosing specific data collection process and analyses is incorporated in this chapter. Research outline The research work will be conducted using post positivism as the philosophy of the research and deductive approach will be suitable to conduct the research s it would help to evaluate the impact of other aspects on the start up businesses other than business incubators. Descriptive research design will be chosen and the data will be collected from secondary sources only. To get the findings the researcher will have to conduct a thematic analysis based on the data collected from secondary sources like journals, articles, websites and many more. Research philosophy As stated by Taylor, BogdanDeVault, (2015), there are three major types of research philosophy and those are realism, positivism and post positivism. For this particular research work post positivism research philosophy will be chosen. The justification behind selecting post positivism philosophy is it will help to complete the research with necessary cross checked data(Panneerselvam, 2014). Not only that, post positivism research philosophy helps to take inputs from the existing research works and also provides the knowledge by collecting and analyzing new data. Thus it can be said that this particular research philosophy relies on both theoretical and practical perspective of reality. Therefore post positivism philosophy will be appropriate for this research work. Approach of the research As observed by Smith, (2015), there are two main types of research approach and those are inductive and deductive. Inductive approach emphasizes on developing unique set of ideas and theories relevant to the topic of the research; on the other hand, deductive approach helps to examine and validate the effectiveness of the previous research works and theories(Neuman Robson, 2014). For this research work, data will be collected from secondary sources and the existing research works along with their findings, theories, and hypothesis will be crucial to conduct the research regarding the role of business incubator in Melbourne for helping to set up star ups for the university graduates. Therefore deductive approach will be perfect to conduct the research. Purpose of the research As observed by Smith, (2015), the research purpose gives a proper framework to the research work and a particular purpose for conducting the research work. There are three types of purpose of research and those are exploratory, explanatory and descriptive. For this particular topic of the research descriptive purpose will be chosen as it would help to conduct the research with vivid explanation and exploration by highlighting more information related to the topic of the research. Process of data collection To finish the research, collection of data is the most important thing. Sources of data are generally two types, one is primary and the other one is secondary. As stated by Taylor, BogdanDeVault, (2015), first hand collected data are the primary data which can be accumulated by conducting survey, taking interviews and observing scenarios. As stated by Taylor, BogdanDeVault, (2015),on the other hand information collected from sources like government websites, newspaper articles, books, journals, industry reports and many more. The primary data can be collected from individual respondents of the research work and on the other hand, by consulting and observing existing theories, ideas, research findings and many other secondary sources of research secondary data can be collected(Neuman Robson, 2014). For this particular research work, secondary data will be collected and from secondary sources like various business journals and websites necessary information regarding business incubator will be attained for completion of the research work. Data analysis technique As stated by Taylor, BogdanDeVault, (2015),there are two ways of analyzing the collected data, one is qualitative and the other one is quantitative. For this research work, qualitative type of data analysis will be done, as conducting thematic analysis will help the researcher to identify all the chief theories and themes that can potentially impact the strategies of the research.As observed by Smith, (2015), thematic analysis focuses on the organizations and the vividly described dataset. This analysis not only observes phrases, words and numbers, but also, identifies the explicit and implicit set if ideas underneath the collected data. Coding is the major process of developing themes using the raw data and interpretation of those codes may incorporate identifying theme co-occurrence, graphically displayed relation among various themes and comparing the frequencies of the themes (Neuman Robson, 2014). Thus thematic analysis is believed to be the most successful tool for conducting s uccessful research works using data collected from secondary sources. Ethical consideration In order to successfully conduct a research work, the aspect of ethics should be considered. The researcher will have to take permission before collecting the information from various business organizations regarding their funding and other aspects (Smith, 2015). The privacy of the collected data should be sustained by the researcher who will be conducting the research work abiding by Data Protection Act 1998 (Panneerselvam, 2014). According to this act, no personal information can be collected for any kind of research work and the collected data shall not be used for any personal or commercial benefit other than academic causes. References Albort-Morant, G., Oghazi, P. (2016). How useful are incubators for new entrepreneurs?.Journal of Business Research,69(6), 2125-2129. Apa, R., Grandinetti, R., Sedita, S. R. (2017). 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