DB FPX 8620 Assessment 4 Business Project Idea: Developing a Business Study

 

According to Godfrey (2019), a research project framework serves as the foundational structure or model that supports collaborative research efforts. It aids in identifying various scenarios and customizing approaches and methods accordingly. The project framework is descriptive in nature and should not delve into concepts that could affect outcomes. This framework can be crucial in assisting a business in resolving issues and bridging practical gaps.

Methodology Framework

Dew (2007) defines the methodology framework as the principles that underlie research approaches, distinct from the methods used to gather data. Methodology dictates how researchers generate data for analysis. McMeekin et al. (2020) note that while the advantages of methodological frameworks are increasingly acknowledged, a formal definition remains absent. Consequently, this is not the preferred method, as there is currently no published guidance on how to create one.

Conceptual Framework

Farhat (2022) explains that the conceptual framework consists of a primary objective and essential concepts. This framework relates to how leaders implement changes associated with digital transformation and the adjustments stakeholders must adopt to effectively operate in a digital marketplace. It emphasizes three guiding constructs: inquiry, action, and advocacy. The advantage of a conceptual framework is that it facilitates the establishment of a coherent set of standards and rules, allowing for a practical resolution of the problem at hand.

Theoretical Framework

Grant and Osanloo (2014) describe the theoretical framework as the metaphorical and literal foundation upon which all knowledge for a research study is built. This framework provides the structure and rationale for the study, including the problem statement, purpose, significance, and research question. It connects to how leaders implement changes related to digital transformation and the necessary adjustments stakeholders must make to sustain business operations in a digital marketplace. The theoretical framework serves as a basis for the literature review and analysis method, being derived from existing theories. However, since it relies on pre-existing theories, it is not the preferred framework for the proposed project.

The theoretical framework addresses the following questions:

• What are our thoughts or feelings about the phenomenon being studied?-
• Are we aiming to explain, describe, interpret, critique, support, or analyze?-
• What could be the implications of conducting this work.

Selected Framework

The conceptual framework is the most suitable for the proposed project, as it relates to how leaders implement changes associated with digital transformation and the necessary adjustments stakeholders must make to thrive in a digital marketplace. It focuses on three guiding constructs: inquiry, action, and advocacy. The advantage of this framework is that it simplifies the issuance of a coherent set of standards and rules, enabling a swift resolution of practical problems.

Three Potential Frameworks

Effective Change Management Framework

This framework is based on five key concepts:

1. Balance Change: Understanding the reasons behind the desired change.
2. Leverage: Identifying the areas that require change.
3. Process and Pace: Determining the source of energy for change.
4. Communication: Establishing how to convey the strategy.
5. Leadership: Identifying who should oversee the change.

Framework Alignment:

In the proposed project, the overarching business issue is that leaders lack adequate training to manage resistance to change, leading to insufficient guidance for staff during operational transitions. The practice gap lies in leadership’s inability to effectively support employees affected by change. This framework aligns directly with the proposed project, as each concept is essential for addressing the challenges leaders face in managing cha