Business Research Methodologies Assignment Example | Topics and Well Written Essays - 1500 words

Business Research Methodologies - Assignment Example The world of banking finance is highly integrated with various kinds of complex concepts as well as various kinds of frameworks related to operating standards as well as legal issues. The integration of technology in its complex processes will no doubt help in better value generation for the customers while providing a level ground in regards to the competing of the financial organizations with each other. In this project, the focus is on gauging the impacts on the customers of Lloyd’s Bank with regards to growing general fascination towards internet banking. The research proposal for this topic comprises an introduction, a brief literature review as well as the method for conducting the research. Introduction The world of the 21st century promotes an environment where tremendous competition is a steady factor of everyday life of the masses around the world. The competition factor has become a constant issue in the modern day society mainly because of rapid technological chang es, which is coupled with fast paced development. The technological boom that has happened since the early part of the previous decade has brought into play a strong wave of technological enrichment of the lives of the masses in the developing as well as the developed countries. The technological boom of the early 2000s enrolled into effect tremendous amount of technological progress on the lines of telecommunication technology as well as the rapid acceptance and penetration of the internet. The high level of penetration of the internet has played a major role in creating a seamless virtual world in the internet domain, where there is no presence physical geographical boundaries. The virtual world which is connected through the internet platform has merged the various nations and countries around the world into a single entity. This has greatly facilitated the rise of various kinds of trends related to globalization and innovation. It has to be mentioned that the trends of innovatio n greatly facilitates in the process of new product development in various countries around the world. Interestingly, the virtual medium of the internet plays the role of communicating the value of the newly developed innovative products to the customers and target audience around the world thereby creating a typical trend of globalization. This trend of globalization, which might emerge from a market that can be either located in the developed or the developing region might result in the creation of demand for new kinds of products and services in various markets around the world (Doole and Lowe, 2008, p. 3). Sensing the demand for new kinds of products and services in various global markets, various organizations around the world are focusing on the process of market development. As a method of market development, the organizations which are based in a particular market are increasingly participating in entering in to foreign markets around the world. As per the current trend, due to the slowdown that is persisting in the economies of various developed markets present in the western nations of UK, Europe and USA, companies are increasingly focusing on new emerging markets of the BRIC nations. Thus, it has to be said that the development of business ventures of various international organizations is creating the need of highly dynamic