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Quantitative Research

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SWISS MANAGEMENT CENTER UNIVERSITY
DOCTORATE IN BUSINESS ADMINISTRATION (DBA)
MODULE 2: QUALITATIVE RESEARCH METHODOLOGY
UNIT: 5-2
NAME OF CANDIDATE: AMVROSIOS PRODROMOU
PROFESSOR IN CHARGE: Dr. ALBERT WIDMAN

Research Problem
As it has already been stated in Unit 2-2 the Research Problem deals with the on-going financial crisis in Cyprus. Park (2006, p.p.8-9) provides a sound “Statement of the Problem” which constitutes a major component for the development of the “Problem Definition” in the proposed Research. The specific problem development enables the development of the proposed Research. Hence, the following Research Problem is outlined/proposed:
“The majority of Cyprus Businesses of all sizes are suffering due to the on-going financial crisis, especially since the (in)famous bail-in in 2013. This bail-in contributed towards the rapid increase of unemployment and the loss of over € 10 billion (75% of Cyprus’ GDP) of deposits in the two largest banks (Bank of Cyprus and Laiki Bank. The remains of the second one were absorbed by the first one). Additionally, a large number of businesses have been massively affected and according to CYSTAT and the World Bank approximately 100.000 people (from the working force) have left Cyprus during 2010-2015 in order to seek employment in several countries. How have the businesses responded to this new political and financial environment and how they have cooperated with the other major components, such as the Government, the House of Parliament, the Trade Unions, the Workers’ Unions, the Chamber of Industry and Commerce, and the Banking Institutions, especially since the Cyprus economy is extensively affected by external political and economic changes such as those of European Union environment as Cyprus is an EU Member State since 2004, and also the country’s close political and economic ties with Russia?

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