If necessary use a title and subtitle |
What is the research project trying to achieve |
What is the underlying rationale and aim of your research What in your experience prompted it Why are you doing it |
What is the study trying to achieve (i.e. is your purpose to explore, describe, understand, explain, predict, change, or something else) |
What is your research question(s) or proposition(s) |
Outline how you plan to go about doing your research. |
Justify the approach you intend to employ. What implications does your approach have for your research design and methods |
What is the context of your proposed research Key features, characteristics! Why is it a suitable context Who will be studied How many How will they be selected (i.e. sampling) |
Consider ethics and access to your study sample. Try to anticipate any problem you might have in implementing your method. |
Describe (and justify) the methods and techniques you plan to use to collect your data. - What sort of data will you collect How will you collect this data Why is this method suitable for your question |
Describe (and justify) the methods and techniques you plan to use to analyse collected data. |
A preliminary statement of what you may find or demonstrate by having undertaken the research. Why it will be important and what the practical or theoretical implications might be. |
A broad timetable for completing the research indicating the tasks necessary to complete each segment. Don’t forget to include slippage time. |
The research will have the aim to evaluate the performance of IFS Mauritius so that investors find the organisation as a platform for investment in the financial sector.
1.1 Research Rationale
Carrillo-Hidalgo and Pulido-Fernández (2016) stated that Mauritius is an upper-income economy based country located at the southeast coast of Africa. The real GDP development has reached a robust 4% in 2017, where the major drivers of development are services sector especially the finance sector as well as trade and accommodation services. Arrivals of tourists increased by 5.2% in 2017 reaching 1.34 million.
On the other hand, the rate of inflation has increased to 6.9% in 2018, which is more than 1.3% of the previous year (Domun and Talwar 2016). The external balances of Mauritius have continued to be supported through abundant financial as well as capital inflows that consist of net inflows to the large offshore corporate sector. The situation makes perfect for the international investors to invest in business from Mauritius (Beebeejaun and Koobloll 2018). Hence, it is research issue to evaluate the performance of a financial business organisation so that it would be helpful to invest in the business of the organisation.
On the other hand, concrete economic policies, as well as prudent banking practices, assisted in developing business-friendly services in Mauritius (Kaur, Ostwal, and Dhaiya 2014). The trade and investment have reached across the world since it has increased exports of goods and services like tourism. In addition, efficient as well as transparent regulatory supports the process of developing broad-based economic growth and competitive tax rate (Bhatia and Tiwatne 2018). The flexible labour code has abilities facilitating the development of the private sector. Hence, it becomes a research issue now to evaluate the performance of IFS Mauritius so that investors can show their interest investing money on the business of the organisation.
1.2 Objectives
The research will have the following objectives.
- To identify the opportunities for investing in Mauritius
- To critically evaluate the performance of IFS Mauritius
- To find the issues involved with financial operations in IFS Mauritius
- To recommend solutions for overcoming the issues
1.3 Research question
The research will have the following questions.
- What are the opportunities for investing in Mauritius?
- What is the outcome of IFS Mauritius’s performance?
- What are the issues involved with financial operations in IFS Mauritius?
- What is the process to overcome the issues faced by IFS Mauritius?
2. Methodology and methods
This section will be helpful to conduct the research and proper way and get appropriate outcome for the research.
2.1 Research Design
Lewis (2015) stated that the research design is important for producing appropriate results. In the research, descriptive research design will be used. It will allow the researcher is detecting the issues in the research and provide recommendations by analysing the present financial market of IFS Mauritius. On the contrary, correlation research design will be discarded in the research, as the researcher will not be based on observational or case study. Selection of descriptive research design will allow the researcher is explaining the various factor of investing in IFS Mauritius.
Objectives
2.2 Research Context
The research will be based on evaluating the performance of IFS Mauritius, which is expected as an aspiring platform for the investors to invest in the business of Mauritius. Trade is very important to the economy of Mauritius. In addition, the combined value of exports, as well as import, equals 108% of GDP (Rassool 2018). The average tariff rate applied in the industry is 0.6%. Thus, it becomes an open opportunity for the international investors to invest in the organisations operated in Mauritius (Kinderman 2016).
The research will also assess the performance of the financial sector of Mauritius. Furthermore, the government policies do not interfere with the foreign investment. The expanding financial sector as well as dominated by the private commercial banks remain as competitive.
2.3 Procedure
The primary criteria are to make sure that the participants to join in the process of data collection without any enforcement. Thus, having a signed participation form is significant to make sure ethical practice. In addition, the data collection act 1998 will be followed in the research so that the data will not be used in outside areas.
2.4 Methods for data collection
The data collection assists the researcher in gathering data for the research. Secondary data will be collected in the research. The data will be collected from secondary sources like government publications, corporate websites and trade journals.
2.5 Methods for data analysis
Quantitative data analysis and secondary data analysis techniques are the types of data analysis techniques used in researches. In the research, a qualitative data analysis method will be followed in the research. It will assist in recording the native form of data. It adds a better description of the research topic
4.1 Significance of proposed research
The research will be helpful to evaluate the organisational performance of IFS Mauritius as well as the financial industry of the country so that international investors can find interest to invest money in the organisation. The finical aspects like an evaluation of GDP and inflation increase can be helpful to assess the market status of Mauritius. In addition, the research will be helpful to promote mutual fund, hedge fund and private equity fund as well as venture capital fund of IFS Mauritius looking to set up the environment for investment holding and management. In addition, the research will be helpful to evaluate trading and service entity of the organisation.
Provisional work schedule
Task Name |
Duration |
Start |
Finish |
Predecessors |
Invest in IFS Mauritius |
64 days |
Mon 22-11-18 |
Thu 17-02-19 |
|
Selection of the topic |
1 day |
Mon 22-11-18 |
Mon 22-11-18 |
|
Data collection from secondary sources |
3 days |
Tue 23-11-18 |
Thu 25-11-18 |
3 |
Creation of layout |
5 days |
Fri 26-11-18 |
Thu 01-12-18 |
4 |
Literature review |
6 days |
Fri 02-12-18 |
Fri 09-12-18 |
5 |
Developing research Plan |
8 days |
Mon 12-12-18 |
Wed 21-12-18 |
6 |
Selection of the Research Techniques |
2 days |
Thu 22-12-18 |
Fri 23-12-18 |
7 |
Secondary data collection |
9 days |
Mon 26-12-18 |
Thu 06-1-18 |
8 |
Set up for analysis |
5 days |
Fri 07-1-18 |
Thu 13-1-18 |
9 |
Analysis and Interpretation of Data Collection |
5 days |
Fri 14-1-18 |
Thu 20-1-18 |
10 |
Findings of the Data |
6 days |
Fri 21-1-18 |
Fri 28-1-18 |
11 |
The conclusion of the Study |
7 days |
Mon 31-1-18 |
Tue 08-2-19 |
12 |
Developing Rough Draft |
2 days |
Wed 09-2-19 |
Thu 10-2-19 |
13 |
Final Work submission |
5 days |
Fri 11-2-19 |
Thu 17-2-19 |
14 |
References
Beebeejaun, A. and Koobloll, J., 2018. An assessment whether shareholder activism can be a corporate governance driver in the case of Mauritius: a comparative study. International Journal of Law and Management, (just-accepted), pp.00-00.
Bhatia, H. and Tiwatne, A.K., 2018. Foreign direct investment in India: a macroeconomic review. Journal of Commerce & Accounting Research, 7(4).
Carrillo-Hidalgo, I. and Pulido-Fernández, J.I., 2016. Is the financing of tourism by international financial institutions inclusive? A proposal for measurement. Current Issues in Tourism, pp.1-27.
Chawla, S. and Kaur, D.H., 2018. Foreign Direct Investment: Indian Scenario. International Journal, 4(2).
Domun, R. and Talwar, B., 2016. Evolving a Business Excellence Model Based on Sustainable Human Capital Resources for Mauritius: A Qualitative Approach.
Kaur, R., Ostwal, N. and Dhaiya, R., 2014. Trends and flow of foreign direct investment in India. Abhinav National Monthly Refereed Journal of Research in Commerce & Management, 3(4), pp.42-47.
Kinderman, D., 2016. Time for a reality check: Is business willing to support a smart mix of complementary regulation in private governance?. Policy and Society, 35(1), pp.29-42.
Lewis, S., 2015. Qualitative inquiry and research design: Choosing among five approaches. Health promotion practice, 16(4), pp.473-475.
Rassool, N.H., 2018. Towards establishing an Islamic retail bank in a Muslim-minority country: Prospects and challenges in Mauritius. ISRA International Journal of Islamic Finance, 10(1), pp.78-84.
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