Business is a vast field and its history spans back to the earliest of civilizations. What emerged as just a trade has now evolved into a separate subject with multiple sub-branches. Business is the backbone of the economy of every country that exists on the globe, and thus the success of countries often depends upon the type and state of the businesses that a country caters to.
Similarly, the culture of businesses often determines the success of the country and the lifestyle of the inhabitants of that land. The word business refers to organized efforts by a group of people to produce and sell goods or services to earn profits. This process of production to delivery is dependent on several factors and each factor of the business needs expertise and understanding.
Importance of business Research for Business Students
Due to the immense importance and contribution of the business towards the progress of the economic world we live in, business and business administration have emerged as the most important subject in today’s day and age. Many leading universities offer multiple undergraduate, graduate, and doctoral courses. The higher education institution challenges its students to conduct research and complete dissertations and thesis papers during the post-grad courses.
Before choosing dissertation topics for your business-related courses, it is essential to understand the structure of the business industry. A business is a combination of several entities, but these entities are aligned to achieve a common goal. There are 2 basic business categories.
- For-profit organization
- Not-for-profit organizations
For-profit organization: Most of the business entities around the globe are for profit. These organizations follow various business models and strategies to maximize their profit. Students can make any business model or business strategy a subject for their dissertation or extract a dissertation topic by seeking inspiration from successful business models.
Non-profit organization: Non- profit or not for profit organization is charitable entities whose main focus is to help improve the community and contribute towards the betterment of society. Several non-profit organizations are operating around the globe that can be a candidate for your dissertation topic.
Also Read: Why Does Your Business Need A Legal Advisor?
Master’s in Business Administration Research
Since there is not a single way to organize and manage a business, business administration, management, and governance play a critical part in making the business a success or a failure. To create human resources capable of handling the business in the most efficient and standardized method, leading business schools offer masters and doctoral degrees in business administration.
The business administration dissertation topics are essential for those students who want to conduct unique research. The business administration dissertation topics can address the successful business administration strategies, pillars of business administration, and human factors of a well-administrated business model.
Undergraduate Business Administration Research
As a business student you might have the idea of the vastness of the business as a subject, but if you want to conduct undergraduate level research then choosing business dissertation topics that are basic is a great idea. These topics will help you understand the basics of the business. You can start by looking into the basic business structures.
There are 4 basic business structures.
- Sole Proprietorship
- Limited Liability Company (LLC)
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The sole proprietorship is a type of business that is owned and managed by a single individual. In partnership, two or more people start, run, and manage a business. The share of each person in the ownership of the business might differ.
Corporations run on the shareholder’s model in which a large group of people acts as a single unit. Generally, shareholders own a portion of the business. The LLC model is a hybrid of partnership and corporation.
As a student, you can choose to research on any of the above business structures. As long as your heart is aligned to the subject you are working on, be assured that your research will contribute towards the growth and process-optimizations of the business industry.