The Intersection Between Globalization And Local Entrepreneurship

nature of the research approach calls for a means of data collection and analysis of findings

Once the researcher knows what information to collect and where to find it, the first step in the data collection process is to organize the data on a constructed collection data form. This process allows the researcher to make

Research methods are “the various specific tools or ways data can be collected and analysed, e.g. a questionnaire, interview, etc.” (Neville, C, 2007).

“Exploratory research is open-ended method that assists in defining a specific problem, and usually involves detailed, unstructured interviews in which lengthy answers are solicited from a small group of respondents” (Entrepreneur Media, Inc. 2012, para 1). Specific research involves a more precise approach “used to solve a problem that exploratory research has identified” (Entrepreneur Media, Inc. 2012, para 1). The structure of these types of interviews are much more formal than those used in exploratory research. Data collection tools used in primary research can include: consumer interviews or surveys, focus groups, observations, or field tests (such as employing a test-market).

Once the questions were established, a sample population was chosen and variables that were relevant to the research questions were decided. A method for contacting subjects was formed and data was then collected and analyzed.

What is the research method (i.e.: survey, participant observation, experiment, secondary sources) used by the researchers?

Data collection methods are the third process.  Data can be collected in many ways such as: observation, surveys, focus groups, and reanalysis of existing data, questionnaires, and interviews (Hagan, 2010, p. 19).  Data collection is a vital portion of any kind of research.  Inaccurate data collection will affect the results of a study and inevitably lead to invalid results.

There are a number of methods of collecting data, some of them are – questionnaire, surveys, checklists, interviews, observations, focus group etc (Cordray, 1986; Einhorn and Hogarth, 1986).

This type of research involves getting together information that cannot be easily quantified and instead can only be recorded using language. This type of data is usually collected using unstructured interviews, audio recording of conversations or

In general, observations are in fact a relatively cheap method of data collection to carry out, and the researcher needs few resources. However, what they are is very time consuming for the researcher.

Research technique gathering information from a sample of people using questionnaires (which will be utilized later for primary data).

Thesis Statement: The economy is for ever changing toward what has control of demands, the environment of entrepreneurship is high on the charts, however the small business are surviving equally with the large businesses.

On Thursday 23rd June, 2016, the UK held a vote on whether to leave or remain within the European Union. The decision made as a result of the vote was to leave and subsequently the SMEs located within the UK were left to consider what challenges and opportunities could emerge from this monumental event that was dubbed by the media ‘Brexit’. They realised that by voting to leave the European Union, the UK will face serious consequences which could present challenges in facilitating localised and globalised entrepreneurship opportunities (Chalmers and Menon, 2016).

Paul Reynolds and a team of scholars created the GEM model for an international index aimed to be an equivalent for entrepreneurship and enterprise of the World Economic Forum’s Global Competitiveness Index (Reynolds et al 2005). This reputable model outlines two business processes that they suggestively associate with the growth or decline of an economy. GEM contributing authors describes:

The importance of small and Micro Enterprises (SMEs) in the economy of any country cannot be overlooked. In fact for nearly 15 years, most researchers dealing with economic planning have highlighted the significance of these enterprises stating that they are a key player in realizing any country’s economic goals. As such, governments as well as other organizations with interest in development are laying plans and strategies to promote the establishment of Small and Micro Enterprises. This is seen as a move to ensure that there is full participation of SMEs in the country’s economy. The Small and Micro Enterprises have been known to contribute to a large extend as a source of innovation, entrepreneurial skills as well as source of employment. For example, statistics in 25countries of the European Union show that 99% of the jobs provided to its citizens come from the micro, small and medium-sized enterprises. Rowe (2008) points out that the British economy relies heavily on the participation of SMEs. On the other hand, 99% of the UK’s economy is composed of small and micro enterprises.