3 Secrets of a Great Research Proposal in Accounting and Finance

Throughout one’s research career, you will realize that research proposals show up in many forms. Therefore, it is important to master your writing skills in drafting a winning research proposal, for your success as a researcher. For you to realize this, you have to embrace the process.

Your research proposal in accounting and finance will also have a significant impact on your academic success. If it’s enticing and well-written, it will attract the attention that it deserves. Here’s what you need to know to help you in writing an excellent research proposal:

What is A Research Proposal?

It is a coherent and concise summary of the proposed research. Your primary objective should be to show that you have a topic that has adequate significance to carry out research. You should demonstrate that the strategies and methods you would use, will be both feasible and suitable.

In turn, it increases the likelihood of producing fruitful results. Thus in choosing PhD topics in finance, you have to think carefully over your topic ideas. As the research proposal sets out the questions or issue that you want to address.

As a result, you will have to refer to recent discussions on the subject, and your current knowledge on the same. An ideal research proposal is one that demonstrates the originality of the proposed research.

Secrets of a Great Research Proposal

While you may not have control over who reviews your research proposal, there are a few measures you could incorporate into the process to better your chances. However, you should remember that some reviewers hold pre-conceived biases that may increase your chances of success.

How can you overcome these?

  1. State Your Objectives Clearly

You have to keep in mind that most panelists won’t spend much time reading through your proposal. That is, despite the energy, effort and sweat you may invest in the process. Train yourself on how to distil the message in a manner that will capture the attention of another.

Try using PhD assistance, if you have to. Your first few sentences or the first paragraph should hook the reader. Use bold headings and bullets to make it easier for the reviewer to digest the content.

Don’t be vague and get to the point. Then, entice the reviewer to continue. Remember, they are only under obligation to start reading the proposal, and not to finish it. That’s upon you.

  1. Answer the 4 “Whys”

As you jot down your ideas, you should purpose to provide reasons why:

  • The problem is significant: it’s your duty to convince the reader of your research proposal that the chosen problem is worth solving. In that, it is a problem that exists and needs a solution. Prove that if your research turns successful, the result will be a solution that makes the world better than it is, as at that time.
  • Researching the problem is the best or only way to solve it: you need to convince the reader that the problem is worth addressing. In addition to that, it shouldn’t be one that can be resolved in a few months or by the industry. The question of the research should require insights, deep thinking and possibly one that involves the adoption of techniques from multiple disciplines.
  • There’s a possibility to make headway on the problem: you will realize that a good research problem doesn’t have to be entirely new. However, you should explain to the reviewer why you can bring in fresh insights into the topic. It could be technological advances or recent changes.
  • You are qualified for the job: Establish credibility by highlighting the things that make you the best candidate to undertake that research. Tie it back to the achievements you’ve made in the past. Then bridge it to the work you are proposing to do.
  1. Pay Attention to Detail

Read carefully through the guidelines of writing a research proposal for the institution(s) you are targeting, and observe them. Check to see that you have included everything that the reader expects to see. Don’t forget to proofread the document.

Make the necessary corrections, in case of typos, or grammar errors.

Conclusion

Writing a research proposal should be fun and exciting. Think through your topic ideas, and settle for one that answers the four “Whys.” Before you submit the material, go through it and make the necessary corrections.

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