Problem Statement & Literature Review
○ Purpose: Provide a first draft of the research problem that draws on the results to
the literature review to describe key theoretical, empirical, and methodological
perspective that will inform the project
○ Format: Address the following questions using the bolded text as headings
■ Research problem– what topic has your group decided to study and
what specific problem will be investigated?
■ Practical justification – what is the practical business or economic
problem that your project will address and why is it important?
■ Theoretical justification – What is the current state of knowledge (in
brief terms) on your topic? What is known and what is not yet known?
■ Conceptual model – How would you present the problem graphically to
describe how the various ideas/concepts are connected to one another
(causally or otherwise)?
■ Methodological insights – what examples and/or guidance on how data
will be collected and analyzed did you derive from the literature review?
■ Work plan – What are the next steps that will be taken to deepen your
knowledge of the research topic?
■ References- APA style