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Instead, there is an emphasis on: who, what, where, when, why and how. This will force actuaries to look beyond the scope of the problem itself. Once this takes place, is the point that they can compare these findings with one another to understand the trends. This will ensure that any kind of research is taking a deeper look at the different techniques and their long-term effects. (Rubin 2011, pp. 423 -- 425)
What is expected from these findings is to locate data that will help executives to minimize their risks. This is when they will have various tools for understanding the challenges affecting their firms and how to adjust with the changes that are occurring. Over the course of time, this will make the company more competitive in adjusting to a host of challenges.
In general, the timeline for the project will involve a total of three months. During the first 30 days, is when different pieces of information will be collected and separated (to be analyzed as a part of the process). Once this takes place, is when actuaries will spend the next one month researching the data. They will then compare the findings with one another (to ensure accuracy of the results). In the final month of the project, researchers will finish their analysis and prepare the final report. This is when the project will serve as a foundation for: understanding the challenges that are affecting businesses and how they are able to adjust.
Research Concept Map
To highlight the strategy for the project, a research concept map was designed (which is below). This is providing specific insights about...
aims and objectives)
Literature Review
Justifications
Timeline
Potential Benefits
Does the Project Support the Aims / Objectives
This is important, in showing how actuaries will take a detailed approach when analyzing the problem. During the course of the project, this will ensure that the findings from the research are as accurate as possible. In the future, this will allow others to mirror the results and use this information as foundation for their project. This is when they expand upon these findings to improve the kind of tools that are available to executives. Once this occurs, is when they will be more responsive in the understanding different problems and how to address them.
References
Bryman, a, 2007, Business Research Methods, Oxford University Press, Oxford.
Carson, D, 2001, Qualitative Marketing Research, Sage, London.
Coldwell, F, 2004, Business Research, JUTA Academic, New York.
Mahoney, J, 1992, 'The Resource-Based View', Strategic Management Journal, vol. 13, no. 5, pp. 363 -- 380.
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