Global Credit Crisis and Emiratization - Research Proposal Example

Methodology 1 Research Approach & Perspective The positivism approach will be followed to undertake the research process since the study is aimedat the derivation of explanatory knowledge regarding the phenomenon by the means of an analytical process. The objective reality is hypothesized by the inquiry mode (Saunders, Lewis & Thornhill 2003). The approach is best suited for the objectives of the research which are to study the causes and consequences of the law of restricting the lay-off of emirates citizens and the global credit crisis. In accordance with the perspectives the study will be undertaken by following an inductive to deductive approach. The earlier part of the study comprises the deductive perspective resulting in shape of the derivation of a framework to collect primary data through the consideration of general principles or theories. The inductive perspective provides the foundations of the conclusions and generalisation of the results of the survey. 1.2 Types of Data to be used The study will be undertaken by using both types of data, qualitative and quantitative. The types of data to be used in the study include both and combine quantitative and qualitative data. Qualitative research is an accurate research with "explicit sampling strategies, systematic analysis of data, and a commitment to examining counter explanations. Ideally, methods should be transparent, allowing the reader to assess the validity and the extent to which results might be applicable to their own clinical practice". -- BMJ 1998; 316:1230-1232 (as cited by Simon, 2002) Qualitative data normally provides answers to the questions including the how and why (Gill & Johnson 1997; Creswell 2003). The qualitative data provides a deep in sight to the objectives of the study. On the other hand the Quantitative data is the measurable information represented in numbers (Kervin 1992; Gill & Johnson 1997) to answer what, who, when , where and how much but limited in providing answers to how and why. The study involved the combination of both the data types. In order to analyse the relationship between the different variables in the study the SPSS software is used for data interpretation. 1.3 Data Requirements In order to get the clear understanding of the causes and effects of new MoL laws and credit market crisis on the Emirates economy it is important to use both primary and secondary data. Secondary data has been collected by undertaking the review of books, journal studies, articles, papers and commentaries. Secondary data forms the corner stone at which the framework of the study can be formulated. It helps in undertaking the investigation regarding the concepts or theories which further needed to be explored. Primary data can be collected through the suitable data collection methods. Primary data is specifically collected for the purpose of the study being undertaken and provides direct and clear response to the queries of the researcher. Together the primary and secondary data provides useful information in order to acquire conclusions regarding the issue being studied. 1.4 Research Methods There are two data collection methods in the study. One is structured interviews and the second is the semi-structured questionnaire for the derivation of the primary data. The framework for the preparation of the data can be drawn by using secondary data. Structured interviews are conducted by the researcher when the exact information is needed through a prepared list of questions. The interview questions will focus on the effects and consequences of the law implemented by the MoL and the credit crisis in the world. The questions have been designed after undertaking the study and analysis of the literature related to the subject area (Saunders et al. 2003). The interview will be undertaken face to face as it has many benefits which can improve the clarity of responses. 1.5 Rationale for Using Questionnaire Questionnaire survey is an important tool of collecting the primary data. The advantage attached with personally administered questionnaires is that the responses can be achieved from the individuals in a very short time. The researcher can clear all the doubts regarding the topic of study or the ethical considerations. The questions are structured according to the framework prepared according to the information readily available through the secondary data (Saunders et al. 2003). Administering questionnaires to a large number of individuals simultaneously reduced the costs. The questionnaire has different sections. The questions cover the preliminary information on the respondents. They also include questions which will analyse the effects and consequences of global credit crisis with the answers determining the causes and consequences of MoL experienced by business firms as well as the extent of importance accorded to these causes and consequences. The last section covers issues and problems and future direction of the firm in terms of steps taken to cope up with the credit crisis by the firms. 1.6 Sampling Method & Respondents Sampling is an important decision which affects the usefulness of the study. Sample design is the combination of the sampling strategy to be followed and the sample size to be used in the study. In order to undertake effective sampling it is essential for the researcher to exercise personal judgment. The sample population should be selected while keeping in mind their effectiveness in providing the information because of their circumstances, position or experience. This type of sampling provides internal information regarding the issue. In order to get the broader perspective regarding any issue it is important to undertake random sampling design (Saunders et al. 2003). This method applies in the current research by selecting respondents based on the following criteria: 1) being part of a business firm in order to provide in depth analysis of the effects of MoL implementation of new law and global credit crisis on operations of the organisations. 2) Holding a position that allowed access to information regarding the decision making process in the organisation. The sample size of 200 individuals from different companies has been chosen. As a bigger sample size will improve the validity of the responses form the participants. The individuals selected will be from different companies and different industries in order to study effects of the law and global financial crisis on different areas of economy. In order to improve the response rate the schedule for the interviews and questionnaire was planned through prior coordination with the sample population. The respondents of the questionnaire survey were selected through purposive sampling in order to improve the credibility of information (Sekaran, 1992). 1.7 Methods of Data Analysis Results of the secondary research and the qualitative survey would be presented and analysed together. To support the results, the answers to the open-ended questions would be transcribed and classified into themes based on the context of the firm before being compared to determine similarities and differences in the issues or problems experienced by the firms due to credit crisis and the future direction of the company in relation to these strategies. These would then serve as support for conclusions on the research question and recommendations for future research. 1.8 Organisation of Results The study is organised in different sections related to the inductive or deductive nature of study flow. In order to improve generalise ability and representatives of data it has been presented in different tables and graphs. 1.9 Ethical Issues to be observed It is important to address all the ethical issues while undertaking studies (Saunders et al. 2003). The researchers are normally confronted with the ethical issues while undertaking the collection of primary data. The issues are normally related to the privacy and confidentiality of the identity or the stance taken by the respondent. It is important for the researcher to cover up all these issues by establishing trust and rapport with the interviewee. The interviewee should be assured of the confidentiality of the responses and secrecy of identity. It is also important to provide the interviewee with the back ground information about the purpose for which the study is being undertaken. Prior permission regarding the use of the collected data is also an important issue. The interviews should be properly scheduled with the interviewee according to the consent of both interviewer and interviewee. The researcher will seek the permission of the respondents to use their responses in order to analyse the effects and consequences of MoL laws and the credit market crisis on the economy if United Arab Emirates. GLOBAL CREDIT CRISIS AND EMIRATIZATION Questionnaire Dear survey participant, We require your help in undertaking the research on the topic of the new policies establish by MoL for Emiraties employees "The MoL took a decision and established new regulations which banned firms in the private sector from firing Emiraties". Moreover, from this questionnaire we are aiming to understand the impact of the Global Credit Crisis on the job market in UAE. Furthermore, it aims to help us in our research if the new law will affect or challenge the Emiratisation in the private sector. Please fill the questionnaire by choosing single or multiple options best suited according to the requirements of the questions. Your identity and your personal details will be kept secret. For the purpose of data analysis only the information provided in the questionnaire will be used. We express our gratitude for providing us your support and precious time. Survey Questionnaire Questionnaire I. Preliminary Information Name: Position in the Company: Years of Employment: Instructions: Please place a check mark on your answer based on the experiences of the company with mergers and acquisitions. II. Benefits of Mergers and Acquisitions Strongly Disagree Disagree Neutral Agree Strongly Agree 1. The current economic crisis have resulted in shape of declined the no. of jobs available. 2. The Economic crisis is adversely affecting the job seekers in UAE. 3. The current economic crisis is the result of liquidity issue. 4. Mergers and acquisitions can enhance efficiency of operations (i.e. production, revenue, profitability). 5. Improvement in the effectiveness of human resource management practices can have a positive impact. 6. Improvement in the effectiveness of logistics and supply chain management can better off the economic situation. 7. Economic crisis has resulted in shape of reduced inflation. 8. Economic crisis are due to the planning failure by the Government of UAE. 9. Improvement in customer relations and customer satisfaction can be fruitful for private sector in present condition. 10. This year graduates are the unluckiest badge ever. III. Affects of Law implemented by Ministry of Labour: Strongly Disagree Disagree Neutral Agree Strongly Agree 1. The Law is very favourable for UAE nationals. 2. The Law is unfavourable for the private sector companies. 3. Industry competitive pressures motivate layoffs. 4. The Law will hinder the firms in minimising their unbearable costs. 5. Efficiency problems will arise due to the implementation of law. 6. The Law is discriminating against non UAE nationals. 7. The implementation of law can result in no further appointment of UAE nationals. 8. The implementation of law can result in capital flight from the economy. 9. Political environment can also be effected due to the law. 10. The law will adversely affect the Instructions: Please provide your answers to the following questions. IV. Issues due to global credit crisis: 1. How has the company fared in its laying off practices Please explain. 2. What problems have the company faced due to the implementation of law and what solutions were implemented Please explain. 3. What position is the company taking in terms of future Please explain. V. Please indicate how nervous or anxious you currently are, or not Very nervous or anxious Somewhat nervous or anxious Not very nervous or anxious Not at all nervous or anxious The current state of the economy You and your family's current job security The Current Cost of living Unemployment rate The state of our national infrastructure The price of food increase VI. For each of the following industries, please indicate how much you trust employed by them: Trust them a lot Trust them a little Do not trust them very much Do not trust them at all Construction (Emaar - Nakeel - Al Dar,etc.) Banking (Dubai Islamic Bank - Emirates Bank, etc.) Airline (Emirates - Al Ithad, etc.) Educations (HCT -..etc Oil Company (ADCO - ENOC - etc, Stock Market Interview Questions: What are the influences of economic crisis on the job seekers in Emirates Do you feel any changes in candidate's quality or behaviour due to the laws implemented by the Ministry of Defence Do you feel any change in your current team behaviour How do you feel the economic crisis is influencing UAE Recruiters Do you feel any change in trends of recruiting due to the laws implemented by the Ministry of Defence in Emirates What are the channels you currently using in Emirates in order to recruit What challenges do you face What do you think are the major problems you face with the current online job channels What solutions can solve these problems References Creswell, J.W., (2003). Research design. Qualitative and quantitative approaches, Thousand Oaks, CA: Sage Publications Gill, J. & Johnson, P., (1997). Research methods for manager, 2nd ed., Paul Chapman, London. Kervin, J.B., (1992). Methods for business research, New York: Harper Collins. Saunders, M., Lewis, P. & Thornhill, A., (2003). Research method for business students. 3rd ed., Englewood Cliffs, NJ: Prentice Hall. Simon, S., (2002). What is qualitative data Category: Definitions, page last modified on 07/08/2008, retrieved as on 20th April 2009 from http://www.childrens-mercy.org/stats/definitions/qual.htm Bottom of Form Read More