Running head: MAJOR PROJECT 1 MAJOR PROJECT 9 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.