Research proposal
Family Business in Real Estate Sector
The advantages and disadvantages of family business in real estate and evaluation of competition of family business and publicly listed real estate companies
Introduction
This study is to make us understand on the topic of the family business in the real estate sector. We will focus majorly on its advantages and disadvantages. Moreover, we shall see on how the business operates. Here, the task will be on the evaluation of the competition of the business family with the of publicly listed real estate companies
Aims
To have knowledge on how the family business works in the real estate sector.
What are the advantages of the family business?
How the family business advantages affect the operation of the business?
What are the disadvantages of the business?
How do the disadvantages affect the operation of the business?
To analyse the operation of the family business in the real estate today
How does the family operate their business?
How do we evaluate the competition of family business and the real estate in companies?
In this case study of family business, we shall see on the challenges it faces during its operation. The above questions will make us understand further what we are talking about. The purpose of the case study is to enlighten those who may want to venture into this business to the general idea on what it takes. The new entrepreneurs will benefit because they will have the knowledge on how to combat the disadvantages, which they will use to their advantage. It will help them to know how to maximise their profits in the business.
Objectives
First is to know the advantages and disadvantages of business in real estate sector. Secondly it is to evaluate the competition of family businesses and publicly listed real estate companies.
Having knowing the aims and objectives of the family business one is in a position evaluate whether to venture into this business or in the real estate companies
Literature Review
To formulate analysis, I reviewed the HAND BOOK RESEARCH OF FAMILY BUSINESS. In this topic, we shall analyse the operation of the family business more so in line of its advantage and disadvantages to the real estate sector. In addition, we shall focus on how to evaluate its competition and listed public estate companies.
A family business is one which the members are the family member or related. They are the one who operationalize the business. They also contribute to financing of the business injection resources for it to operate. The family members have a significant commitment towards the business for its growth. Most of the firms are family-owned because a person has a share and not the state.
In the handbook research of family business, it fails to give use the way to overcome the challenges that the family goes through during its operation. In my study thought it is wise, the family members participating in the business should avoid wrangles during the inheritance. The review of journal suggests that the members should have a constitution which will cater for the inheritance. In the operational side, the family should have a decision which will make the business boom
Research process
A Research /study design
In this case study, we will use a quantitative process.
Methods
Interviewing the people who operate the family business to tell us on the advantages and disadvantages of their business. I shall interview as well the analyst so as to get more information on the challenges that the business is facing. This method will be most efficiently because talking one on one with the people affected will makes us understand the challenges
Participant observation. I will observe and evaluate the competition of the family business with that of the real estate companies. The method of the research makes us know better by ourselves by seeing what is happening to the business today.
Subject
Whom to be studied?
I will make a case study on the following people for interviewing and my own observations so as to get clear information to be analysed
The business owners
Business analyst
Real estate owners
Work plan
Principal investigator Jan Feb March Apr may June
Business owners yes yes yes
Business analyst yes yes yes yes
Real estate owners yes yes yes Research assistant
Jan Feb March Apr may June
Collect data yes yes yes yes yes Enter data yes yes yes yes Analyse data yes
References
PUNCH, K. (2006). Developing effective research proposals. London, SAGE.
VITHAL, R., & JANSEN, J. (1997). Designing your first research proposal: a manual for researchers in education and the social sciences. Kenwyn, Juta.
