Understanding Research Essay Example | Topics and Well Written Essays - 750 words - 1

Understanding Research - Essay Example The entrepreneurs need to use their own mental model to interpret their business environment and culture of the area before they commit. For a startup to succeed in the long term, it must be able to scale up. Many studies have been conducted on startup success in the Tampa bay region to establish major factors that bring about their success and motivation to exist. The business environment and culture in the Tampa Bay is not conducive, the region lacks more high net worth individuals to aid in writing more seed-stage checks to their startups. There should be lots of money to encourage and grow startup culture in any given region. Tampa Bay has an emerging culture of innovation that tries to take hold as more individuals seek to pursue business dreams from scratch; however, the move is soon thwarted due to lack of startup money. Many businesses then transfer to other locations with conducive business culture and environment. The region needs to create a startup community so as to survive. This kind of research is an applied research; it aims at solving a practical problem. The research looks into the startup community of Tampa Bay in order to come up with a business culture that helps improve the human condition. The research aims at discovering some solution for the pressing practical problem, unfavorable startup community. It has mainly used observational research methods. Under this category, the research has specifically used case study. The research falls into this category because it has no clearly defined research question and problem. The research recognizes that even though the emerging startup community in the region exudes enthusiasm, it still has big concerns about its long-term viability as a serious hub for entrepreneurs. It maintains that businesses should embrace basic rules of entrepreneurship in order to succeed. Entrepreneurs need not regret