Factors Affecting Electronic Marketplaces Especially the Steel Markets

Question: Discuss about the Factors Affecting Electronic Marketplaces Especially the Steel Markets. Answer: Introduction The research paper shall be focusing on the various factors that are said to be affecting the viability of the different Electronic Marketplaces, which focuses on an investigation in the International Steel Trading in an empirical manner(An assessment of the Small Business Innovation Research program, 2004). Research Aim and Objective The primary aim of the Research is to obtain evidence that shall be supporting the EMH (Electronic Market Hypothesis), which states that IT revolution shall bring about larger governance of the market through its increase in automation capability and thus removing the effect of the middleman(Armitage, 2012). Previous academic researchers in the domain suggest that there is a need for different configuration and new variables for completely understanding the effect that IT has on the structure of the market. Methodology The research shall be conducted by the use of the undermentioned methodologies for having an effective analysis as per the aim and objective of the project. The methodologies are as follows: Literature Review: This shall consist of a complete and in-depth analysis of the literature relevant to the subject, along with the information that can be collected from different sources, pertaining to the topic of the research. A complete analysis shall be conducted on these documents for understanding the extent of effect that different factors have on the viability of an electronic marketplace, especially the one pertaining to the Steel Market. Time Period: The research is empirical in nature and thus shall be considered to be a longitudinal study, which shall be tacking the nature of the evolution of the commerce of the steel electronics for a period of 2 years. It is to be said that longitudinal studies are considered to be observational in nature. Data Sampling/Selection: It is to be noted that the study shall be having a multiple case design format. I shall be undertaking a cross-case analytical approach to the various initiative powered by the IT units so as to test the hypothesis for it viability as also identify the various variable necessary for the viability of an e-marketplace (Gomm, 2008). The selection of the different cases shall be based on the theoretical sampling. The different cases shall be chosen from a wider sample space for theoretical as well as literal replication. However, it is to be mentioned that the deciding factors for choosing the different cases are paribus, ceteris and accessibility. Thus, as per this sense of the term, the selection of the different cases shall partly be an opportunistic choice as the cases shall allow for unparalleled access to sites and respective data. Data Source: The case study shall be relying on various sources of data and evidence along with different methods of data collection. The various sources of data and evidence for the project are being listed herein below: Archive Records along with documentations. This shall comprise of an organisations business plans, files, different published reports, financials, newspaper or magazine articles and also slideshows and emails. Participant Observation. This is to be mentioned that the primary method of data collection shall be based on the observation made of the participants in the research project (Ryzhikova, 2014). Personal Communications. This comprises data collection by informally communicating with the different senior executives of the various e-markets, logistic providers, journalists along with the employees of the organisations. Key Factors: Any research design is considered to be good if it is iterative in nature and not a linearly designed process. The initial research design shall comprise of two cases, each of which are a representation of a failed attempt in the launch of an electronic marketplace. Another case shall be added at the front of the paper, which shall comprise of the various dynamics in play in the international steel trading market ("International Journal of Social Research Methodology: Theory Practice", 2012). This case shall be considered to be descriptive in nature. It is to be noted that for the research topic the data analysis shall be conducted in a qualitative manner, wherein the qualitative data shall be collected as mentioned herein above in the Data Sources section. Conclusion The primary value that can be gained from the study, other than the contribution that the study makes pertaining to the debate of EMH, is the various lessons that can be learnt about the contribution that is being made by the various industry practitioners in the field of management research through the method of participant observation. The paper shall also be discussing the concerns and the various issues that shall arise from the participant observation data collection process (Strengthening peer review in federal agencies that support education research, 2004). Finally it is to be mentioned that the quality of the research paper shall be examined by use of the appropriate method of research within the scope of the research investigation. References An assessment of the Small Business Innovation Research program. (2004) (1st ed.). [Washington, D.C.]. Armitage, A. (2012). A Methodology of the Imagination.Journal Of Business Administration Research,1(1). https://dx.doi.org/10.5430/jbar.v1n1p1 Gomm, R. (2008).Social research methodology(1st ed.). Basingstoke [England]: Palgrave Macmillan. International Journal of Social Research Methodology: Theory Practice. (2012).International Journal Of Social Research Methodology,15(6), ebi-ebi. https://dx.doi.org/10.1080/13645579.2012.735809 Ryzhikova, T. (2014). THREATS TO BUSINESS: THEORY, METHODS, ASSUMPTIONS.Business Strategies, (1), 73. https://dx.doi.org/10.17747/2311-7184-2013-1-73-78 Strengthening peer review in federal agencies that support education research. (2004) (1st ed.). Washington, D.C.