Business Research Methodology Economy and Society

Question: Discuss about the Business Research Methodology for Economy and Society. Answer: Business Research Methodology A summary of the article "The cultural grammar of governance: The UK Code of Corporate Governance, Reflexivity, and the limits of soft' regulation." Introduction: The current article identifies the limitation of the reflexivity of the corporate governance by assessing the UK code of governance practices. The overall corporate governance is characterised by secure frameworks and allied institutional practices to shape the controllability of the operations. The study indicates that the soft degree of corporate governance introduces private accountability and innovative mechanisms for controlling the operations. Considering the practices and situations, the current article is focused on improvising the organisational reflexivity in the context of its governance. The report also covers different possible forms of reflexivity along with the possible ways of conditioning the reflexivity as well. The type of research: The kind of research conducted by the authors is a case study analysis. The limits of the soft regulation and the code of corporate reflexivity in the Cadbury have been analysed and described by the researchers. Furthermore, the current paper is considered as applied research, as it intends to resolve the cultural grammar of the UK Code of Corporate Governance. A range of secondary analysis has been made in the current study. Although the survey lacks from primary data collection, the valuation assumptions and the projection of reflexivity can be considered an important attribute the prime purpose of the article. The code of agency theory of the supremacy the shareholders, accountability, the reliance upon the market have been described (Ireland, 2008). Additionally, the avoidance of UKs statutory regulation has been analysed and described by the authors considering the case study of Cadbury. Hence, it is significant to believe that the article exhibits a secondary analysis having plenty of discussions along with the forecasting and concluding the case (Veldman and Willmott, 2015). Researchers motivation and research question: The motives of the authors are to generate pointers, to rethink the existing reflective governance practices along with the code and corporate governance theory. The current researchers show different types of existing constituencies in regards to the regulation; accountability practices are covered in the concept of corporate governance (Ailon, 2011). On the contrary, the UK code of governance lacks from the operation and the incorporation of this system (Cankar et al. 2010). Eventually, the researchers have raised an argument regarding limiting the reflexivity of the single loop governance in the actual practices. It excludes the wider range of constituencies, or marginal application is observed (Collison et al. 2014). Thus, the arguments of the researchers lead to rethinking the reflexive governance along with the code and the UK corporate governance practices. Hence, the current study can also be a likely motive to the others for regenerating and stimulating other significant rat ios in the similar domain, utilising a similar set of methods. The study is based on the following research question: How is the reflexivity implemented in the UK code of governance? How the UK system of governance is allied with the organisational learning and the change process? What is the sculpture of corporate governance and how it is related to the cultural grammar of reflexivity? What is the relationship between the code, agency theory and reflexivity, considering the UK code of practice? Which strategic initiatives are to be developed to make the governance practice comparatively tighter and critically inspired than the current practices? The controversies against the results of the paper: The present article describes the fact that the application of single loop reflexivity is not only an epistemological issue but also treated as a political problem as well. The soft law approach to the governance code has been considered as the blueprint of the global corporate governance system (Ezzamel and Reed, 2008). The corporate governance report dynamically emphasises on creating shareholder value, and it restricts the wealth distribution to the workers. However, the current study stimulates more challenging evaluation of the incorporation and operation of corporate governance, considering the Cadbury Report, which fails to address the effectiveness of management. Although the researchers have tried to put questions on the efficacy of single loop flexibility, the main controversy is coming up, as it does not consider as inspiring coupling with the claim of diverse parties. Thus, it leads to a few gaps in the current study. However, the double loop reflexivity placed by the researchers can be considered as a strategically fitted goal to constitute potential corporate governance as a whole. Evaluating the conclusion: The authors have prioritised on stimulating a challenging evaluation of the foundation, design and the operation of corporate governance. Also, the application of agency theory has been discussed by the researchers to draw the potential role of constituencies that could affect the change in the corporations (Horn, 2011). The authors have also indicated that a social investigation needs to be made regarding the deficit and the failure of the corporate governance. A publicly sustainable and an accounting code of practice need to be incorporated while developing the corporate governance report. However, the reasonable guesses have been found regarding how the alternative theories can be integrated to accommodate the accountability of the parties equally. The policy focused debates place by the researchers could address the claim of the other stakeholders in the global corporations. Conclusion: The current article evaluates the cultural grammar of the UK code of corporate governance. The researchers address the reflexivity theory in the corporate governance, by using secondary case study analysis. The literature broadly states the need for alternative management so that future debate on the current topic can be initiated. However, the main controversy arrived from the type of research conducted and its subjectivity justification as well. Also, the lack of primary data analysis also creates question regarding the future assumptions related to the current study. Also, the researchers have presented a scientific explanation regarding the need of double loop reflexivity into the UK corporate governance, through the application of applied research strategy. On the contrary, it fails to provide the practical solution which is the primary principle of applied research. Therefore, the lack of adequate survey ha has been found insufficient to address the problem statement of the current study. However, the overall approach has been found professional and accurate in nature. References: Ailon, G. (2011) Mapping the cultural grammar of reflexivity: The case of the Enron scandal, Economy and Society, 40(1), pp. 141166. Cankar, N.K., Deakin, S. and Simoneti, M. (2010) The Reflexive properties of corporate governance codes: The reception of the comply-or-explain approach in Slovenia, Journal of Law and Society, 37(3), pp. 501525. Collison, D., Cross, S., Ferguson, J., Power, D. and Stevenson, L. (2014) Financialization and company law: A study of the UK company law review, Critical Perspectives on Accounting, 25(1), pp. 516. Ezzamel, M. and Reed, M. (2008) Governance: A code of multiple colours, Human Relations, 61(5), pp. 597615. Horn, L. (2011) Corporate governance in crisis? The politics of EU corporate governance regulation, European Law Journal, 18(1), pp. 83107 Ireland, P. (2008) Limited liability, shareholder rights and the problem of corporate irresponsibility, Cambridge Journal of Economics, 34(5), pp. 837856 Keay, A. (2013) Comply or explain in corporate governance codes: In need of greater regulatory oversight?, Leg Stud (Soc Leg Scholars), 34(2), pp. 279304. Veldman, J. and Willmott, H.C. (2015) The cultural grammar of governance: The UK code of corporate governance, reflexivity, and the limits of soft regulation,Human Relations, 69(3), pp. 581603