Major Project - Initial Outline

Initial Outline

Chicago University

(The Working Title of this Major Paper Should Go Here Exactly as on the Title Page)

Foreclosure is a scary word for homeowners, but it is not all that common today (citation needed). Bortz (2017) reported that the foreclosure rate (meaning the percentage of loans in foreclosure) currently hovers just under 1%. During economic downturns, like the housing crisis of 2011, foreclosure rates rose as high as 3.6% in United State (Bortz, 2017).

Research question

The phenomenon as mentioned above and literature background lead to the overriding research question, “what are the lived experiences of management executives whose companies face foreclosure?” The subareas of exploration for this question are:

i. The manager’s self-care practices

ii. The manager’s relationship with immediate relatives

iii. The manager’s business practices

iv. The manager’s relationships with subordinates

Methodology

In order to investigate the lived experiences of management executives, a phenomenological qualitative method will be employed. The relationships and practices of managers facing company foreclosure are the core of this research. Creswell (2013) discussed that the purpose of a phenomenological qualitative method is to …….

Proposed population

1. The homogenous group for the study is former management executives strictly from the operations department. The selected executives will have a background of having undergone company foreclosure at least once in the past 20 years.

2. Participants will be solicited through enticing advertisements online for filling surveys to participate in a study interview.

3. The number of participants will be restricted to 16 executives aged 35 years or more. Their former positions will be limited to operations management.

Data collection

1. The type of data to be accrued will be unstructured and semi-structured interviews.

2. Participants will be asked to participate in at least two rounds of one-on-one interviews spanning anywhere from 50 to 60 minutes each. Interviews will be conducted in person, by phone, or through an internet source such as Zoom.

3.

Bracketing

I am especially interested in this research question because my research showed scarce primary literature about the impact of company foreclosure on the personal and professional lives of executives’ manager and their families. With many companies facing foreclosure around the globe every year, it is surprising that very little research has been conducted on how they affected the lives of the involved executives. I suspect I may find it useful to know the real potential consequences of organizational shutdown in case I become a manager in the future. Even though one works hoping for the best, preparing for the worst is also a very rational route for any organizational management model.

(Do you have any first or third-party experience and/or knowledge of a foreclosure? Have you personally or heard of actual stressors related to this topic? Also, have you heard of anyone not having to go into bankruptcy? You might also include how the university you are currently in is in receivership which is a form of foreclosure and how you find it potentially affecting you currently.)

References

Boss, P., Bryant, C. M., & Mancini, J. A. (2016). Family stress management: A contextual approach. Sage Publications.

Cascio, W., & Wynn, P. (2004). Managing a downsizing process. Human Resource Management, 43(4), 425-436. doe: 10.1002/hrm.20034

Fujii, Y. (2016). Spotlight on the main actors: How land banks and community development corporations stabilize and revitalize Cleveland neighborhoods in the aftermath of the foreclosure crisis. Housing Policy Debate, 26(2), 296-315.

Daft, R., & Lane, P. (2015). The leadership experiences. Stamford, CT: Cengage Learning. Daniel Bortz, (2017). https://www.realtor.com/advice/finance/what-is-a-foreclosure/

Giacosa, E. & Mazzoleni, A. (2011). Recovering from Crisis, Organizational Change and Development. Estonian Business School Review, 28, 4-98.

Lenahan, T. (2011). Turnaround, Shutdown and Outage Management: Effective Planning and Step-by-Step Execution of Planned Maintenance Operations. New Jersey, NJ: Elsevier.

Woodford, K., C., Finney, T. G., Chow, A. F., & Lambe, N. J. (2013). The Forgotten Topic: Teaching Plant Closing to Executives and Graduate Students. Journal of Executive Education, 8(1), 73-86.

Sam,

I appreciate your continued work with this Major Paper assignment. Please see some of the additional notes, comments, edits, and suggested examples above. You need to omit all of the home mortgage information in that you are going to focus on company foreclosures. Additionally, please see some of the inclusion information. I also wonder if you are discussing foreclosures, if the term would be in receivership as related to companies rather than home owners. Your topic and use of wording is still a bit confusing as to what you are intending to investigate specifically.

I Highly suggest that you updated drafts for the final part of this assignment.

Warmly,

Dr. V.

(much of the lit review/background section is not proper)

If you shift to home mortgage foreclosures, you may want to add the following paragraph from your first draft after your first introductory paragraph:

Foreclosure is a legal process of mortgage holders, also known as lenders, repossessing ownership rights over a home or property in the event mortgagors, or borrowers, default on their mortgage payments (citation needed).  As part of most mortgage loans, the money borrowed by homeowners is secured, or backed, through the collateral of the piece of property being purchased (citation needed).  Through retaining the ownership rights to a piece of property, mortgage holders can sell the property in a foreclosure proceeding in order to liquidate the property and collect the outstanding balance on a mortgage agreement or loan (citation needed).

�This should be a “working Title” of your final Paper.

�Take out the extra spacing – this should be simple double spaced.

�Do not use contracted words. Spell these out.

�Not relevant for this section.

�

The following is written more like a “thesis” and “position” paper and not as a publishable research APA paper as required for this assignment.

Also much of this information is focused on Home Mortgage Foreclosures and not Company Foreclosures.

You need to continue discussing the significance of foreclosures which could include the effects on the company as well as the employees of the company. This information would justify the significance of this phenomenon (foreclosures).

Then following this factual information (no opinion or analysis) would lead to the purpose of this study:

It is of interest of this study to investigate the lived experiences of the primary executives of companies facing foreclosure.

AS other professional writing standards:

Do not include “we/our pronouns.

Do not refer to “chapters” or “ “articles” or “studies” and what was done. Simply write what was found by the authors.

Do not say “critical” or other bias wording that is not supported by the authors/citations.

�Not relevant for Phenomenological studies – only use interviews.

�This section is not formatted properly. Please refer to the APA Manual 6th Edition, the APA Main Paper Template, and possibly Chris for assistance.