What is a business research paper?
A business research paper is academic writing aimed at creating new knowledge. It follows the structure of a typical research paper with the difference in adopting a multifaceted approach in knowledge acquisition and presentation. Unlike a typical research paper that focuses on a specific area, a business research paper adopts a diversified group of resources and models to acquire and present new information.
Like any other research paper, a business research paper also requires one to perform extensive research and present findings on a particular topic. It makes this type of writing challenging to some students especially if it’s your first time. Moreover, a business research paper requires the writer to follow the standards of business writing and organize the ideas in a way that conveys coherent logical flow. Following the research paper writing standards allows the writer to identify the research objective and provide evidence in different sections of the paper. The standard also helps the reader understand the flow of ideas as the writer presents their business proposition. In this article, we talk about the tips and the process of writing business research with a sample to give you an idea of the flow and the structure.
The process of writing a business research paper
Choosing a topic for a business research paper
Before you begin your writing, it’s important to know what you will be writing about, the topic. Choosing the right topic for your paper is vital to producing a quality paper. Business research requires a significant amount of information and therefore, it is important to ensure that there is enough information on the topic. However, this does not mean picking a broad topic to obtain more information. A wide topic can be problematic because it requires more time and resources to find the right sources. Moreover, this is a business proposition hence making the topic narrow and unique is key to appealing to your target audience.
One of the best ways to choose a good topic is to ensure that it interests you. Pick a topic that piques your interest to help motivate you to search and write a comprehensive paper. A topic you are passionate about makes you go out of your way to learn more about it hence improving your ability to defend your business proposition to the audience. Second, make sure that the selected topic matches the assignment prompt. Some instructors prefer assigning students a specific topic to write about to assess their research and analytical skills against others. However, some professors would give you the freedom of choosing a topic for your paper. Either way, it is important to ensure that your topic fits the guidelines provided in the assignment prompt. Third, identify the scope of the topic. As noted earlier, the scope of the topic can make or break your writing. Ensure that you understand the scope of the topic to determine the amount of research required to obtain appropriate materials.
Identify relevant sources
Having selected a topic, the next step is to conduct research to obtain the right sources. There are many sources to help in your research including articles, books, journals, and web papers. The most important thing is to ensure that the data is authentic, accurate, and from authoritative sources.
Notably, obtaining relevant and authentic sources for business research paper writing can be challenging. Because it is business writing, you will be required to provide practical business-related sources like business reports and case studies. However, many business-related documents are often kept secret or the key information blurred. One of the reasons for this is because businesses protect their ideas from duplication by their rivals. As a result, they don’t publish reports or case studies detailing their strategies and achievements online for public access. Moreover, businesses refrain from publishing reports of their strategies online because they don’t want to reveal their strategies to the customers as this may discourage them from the brand. For example, revealing how it uses certain technology to manipulate customers into buying their products may be disappointing to the customers hence disassociating themselves from the brand.
With this in mind, you will notice that finding valid and authentic business reports and information to reinforce your ideas can be very challenging. Here is the trick to finding such information. One trick is to search the institution’s libraries for case studies and business reports. Some institutions collaborate with businesses to help facilitate the learning process by sharing their business cases. Some institutions enter an agreement of disclosure with the business, therefore, if the information is not readily available in the library, consult your instructor. Another trick to finding business-related documents is from books. Some authors provide important information about the inside operations of the business which can guide you in developing opinions.
Develop an outline for a business research paper
Like other research papers, a business research paper follows the following structure:
The introduction is where you state your business proposition with a basic foundation and a strong thesis highlighting the business problem and your action plan.
The literature review is where you prove your research capabilities and broad understanding of the subject. It focuses on the importance of the problem and any previous attempts to resolve it.
Methods and procedures
This section focuses on providing evidence to support your opinion or approach to solving the problem. The writer can use primary data collection, secondary data, or both. It is also important to demonstrate the credibility of the research by providing information about the people involved, materials used in the research, or methodologies used for analysis.
The discussion section is the most important part of the paper where you present your business proposition and how your research demonstrates its practicability.
This where you provide a summary of your proposition focusing on the main points of the discussion.
Armed with a clear outline, now you can begin your writing. Make sure to state the key points with supporting evidence. Start with a catchy introduction that gets the reader enthusiastic about exploring the rest of the paper. This can be a fact or statistic about the problem your business proposition is trying to resolve. Close the introduction with a strong thesis statement stating your action plan. Consequently, develop your ideas in the form of paragraphs based on your thesis statement. Each paragraph should have a topic sentence that supports the thesis statement supported with evidence gathered from the sources like statistics and surveys. While you can separate ideas with subtitles, it is important to maintain the flow by using logical transitions.
Conclude your paper
Conclude the paper with a summary of the main points and how they prove the thesis statement. Your research might not solve the problem explicitly, therefore, it is important to recommend further research into the problem. However, it is important to conclude your paper in a way that leaves no space for argument.
Proofread your work
You should proofread your paper to identify and rectify any grammar, spelling or punctuation errors. You should also make sure that the paper is edited to remain relevant to its purpose.
Sample of a business research paper
Understanding Financial Management
Financial management is one of the most important functions in an organization. It involves choice on economic actions that are inevitable in any business-oriented undertaking (Pandey, 2015). Financial managers must make decisions on how company’s funds get invested to expand portfolio and means of obtaining money from external sources. Providing such investment decisions, they concentrate on functions that maximize the value of the firm and the overall stock price. Therefore, monetary management requires managers to understand the duties that they are required to perform in an organization in order to focus on acquiring knowledge that will guide their operations.
The Role of Financial Managers
The monetary controllers must undertake various technical duties to accomplish their function. The responsibilities include preparing financial statements, daily reports, and projections. They are also mandated with monitoring fiscal operations in efforts to ensure that legal requirements are addressed. Supervision of employees in monetary reporting and heading budgeting department are another role of these leaders in an organization. However, they face a significant number of challenges in reducing operational costs. They mitigate the problem through a regular review of company’s reports and evaluation strategies. To understand external environment, managers update themselves with current market trends to seek areas of mergers and acquisitions. On the same note, strategic management relies on financial management in making decisions that involve money transactions to avoid losses (Pandey, 2015). Thus, investment controllers cannot perform their duties well without analyzing the economic environment that they are operating in and the pattern in which funds flow.
Financial Environment Analysis
To manage their roles properly, monetary investors must understand the cash flow environment that surrounds their business. Moreover, economic situation revolves around stock markets, fiscal institutions, and through private investors. It is worth noting that capital moves from servers to borrowers through direct transfers, investment banking house, and monetary intermediaries (Shubik, 2002). Specifically, financial market is an action of integrating individuals and organizations wanting to source funds with the suppliers. In such a quest, those who have money and who want to borrow can transact directly. Evidently, short-term transactions occur in cash markets, while long-term operations apply in capital markets. In fiscal commercializes, the business can be either private placement or public offering. The former involves the sale of a new portfolio directly to a buyer or a group of investors, while the latter includes the sale of bonds or bills to people by the government or private organizations (Shubik, 2002). Consequently, the understanding of financial environment enables managers to identify best investment decisions that are gainful and risk minimized.
Flow of Funds in the Financial System
It is important that monetary controllers understand the flow of funds in their business environment so that they can be able to make informed decisions on company’s resources. Markedly, the commercial movement of funds involves the operating system of the financial market. It is important for fiscal managers to understand the system so that they can subject their organization into profitable investments. In this regard, it is worth realizing that the flow of money can be either indirect from lenders to borrowers through financial intermediaries or direct through monetary commercializes. Hence, an efficient fiscal system enables the servers to earn interest, investors to gain access to funds, and the economy to have a stable cost-effective integration.
The flow of funds is illustrated in the figure below:
Source: George, 2012.
Role of Financial Institutions in Enhancing Flow of Funds
It is inevitable to discuss the movement of funds in the economic system without giving value to the role of monetary institutions. Fiscal organizations are intermediaries that accept savings and deposits of individuals, corporations, and governments and convert them into loans to facilitate requirement of funds by borrowers. According to Shubik (2002), agencies that perform this role include commercial and investment banks, insurance companies, mutual fund, pension funds, and nonbank institutions such as credit societies and savings cooperatives. These facilities enable the flow of money by allowing its movement from savers who get treated as lenders to borrowers. They also enhance the flow of funds through issuing their liabilities to investors and using money to buy fiscal instruments. In such a way, financial mediators gain interest, create a broaden portfolio with diminished hazards, and lower transaction prises to stakeholders.
It is a platform that brings together lenders of funds and borrowers to transact directly. In a commercial market, lenders are those who have surplus finances, while borrowers are the spenders. As explained by Pandey (2015), the stock market has enabled the growth of industries and emergence of new sectors in the global economy due to its diversification and inclusiveness. Thus, it is important for investors in an organization to select the different types of monetary commercializes so that they analyze their activities.
Types of Financial Markets
Fiscal markets are classified into various forms due to the variability of the method of transaction involved in them. According to George (2012), the first class of monetary commercializes is primary and secondary markets. The former is where securities are sold for the first time, and the issuers transact directly. Conversely, the latter entails the sale of old securities, and the issuers are not in the transaction. Another class of pecuniary market is the physical asset and fiscal asset commercialize. The aforementioned terms involve the sale of tangible products such as maize, machines, real estate, and automobile accessories. The latter gives value to stocks, share bonds, loans, and notes. Moreover, spot and the future market give another form of financial transactions (George, 2012). In spot commercialize, business occurs at the time of delivery, while future market involves parties agreeing to transact in future. Another valid classification of the pecuniary commercialize is the money and capital market group. The former entails the sale of short-term securities that take less than one year to mature. In this setup, the business is termed as highly liquid and with minimized risk. Examples of securities in this form of transaction include commercial paper, bank certificates of deposits, and government treasury bills. On the contrary, capital markets enable the sale of long-term securities that take more than one year to mature. The purpose of establishing assets-selling platform is to source for long-term funds to finance large capital projects. Notably, instruments in the monetary markets include stock, mortgages, and pension funds. These selling platforms also differentiate between public and private markets. Therefore, open commercializes involve the sale of securities such as the stock to the interested investors, while private markets entail the trading of shares and other assets to a specific investor or individual.
Evidently, financial management is a key driver towards the success of any organization. It is also clear that fiscal controllers need to understand their responsibilities to perform their roles efficiently. The flow of funds is another technique that leaders must comprehend to make investment decisions that will not risk the organization portfolio. On the same note, the pecuniary commercialize structure enables the flow of funds, and managers require comprehensive knowledge of its operations. Consequently, monetary controllers demand in-depth training and exposure that will enable them to understand their mandates and guide them in making investment decisions.
George, W. (2012). Part I: Financial markets, 1 financial markets and exchanges. In Financial markets and exchanges law. doi:10.1093/law/9780199601653.003.0001
Pandey, I. M. (2015). Financial management. New Delhi: Vikas Publishing House PVT LTD.
Shubik, M. (2002). The theory of money and financial institutions. Cambridge, Mass: MIT Press.