This presentation focuses on the process of business decision making and its importance. It covers topics such as profitability, customer satisfaction, staff behavior, and more. The presentation includes data analysis and concludes with references to relevant sources.
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BUSINESS DECISION MAKING
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INTRODUCTION Business is required to make an effective decision in the market which can help company to make them to get stable too. Even though the organization has alternatives of decision in which best one has to be chose. They provide the best quality of foods product to customers in great way. Assignment is such which will include primary and secondary data produce a plan,
Theme 1 - It is profitable for restaurant to open a new branch in London Is it profitable for restaurant to open a new branch in London? Respondents Yes20 No10 YesNo 0 2 4 6 8 10 12 14 16 18 20 Column B
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Are customers happy with the decision or not? Respondents Yes15 No10 Moderate5 Theme 2: Customers are happy with the decision YesNoModerate 0 2 4 6 8 10 12 14 16 Column B
Theme 3: Clients are satisfied with the quality of products. Are clients satisfied with the quality of products offer by the restaurant? Respondents Yes25 No5 YesNo 0 5 10 15 20 25 Column B
Theme 4: Behaviour of staff members Is staff personnel behave properly or not? Respondents Yes25 No5 YesNo 0 5 10 15 20 25 Column B
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Theme 5: Effective working of industry Do you think that Murano is working well in their industry? Respondents Yes22 No8 YesNo 0 5 10 15 20 25 Column C
Theme 6: Fulfilment of demands of customers Do you think Murano is fulfilling the ultimate demands of customers? Respondents Yes20 No10 YesNo 0 2 4 6 8 10 12 14 16 18 20 Column C
Theme 7: Effective conducive and healthy environment Is restaurant offer pleasant environment or not? Respondents Yes21 No9 YesNo 0 5 10 15 20 25 Column C
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Theme 8: Services rendered by the restaurant Is restaurant offer all type of food items or not? Respondents Yes23 No7 YesNo 0 5 10 15 20 25 Column C
CONCLUSION Research is a important process that is conduced by individual body to gather all relevant information which is used by them in order to make effective decision. They have utilise several financial tools to calculate the return on their investment as well as determine their profitability level through IRR and NPV.
REFERENCES Aharoni, Y., Tihanyi, L. and Connelly, B.L., 2011. Managerial decision-making in international business: A forty-five-year retrospective.Journal of World Business. 46(2). pp.135-142. Ferrell, O. C. and Fraedrich, J., 2015.Business ethics: Ethical decision making & cases. Nelson Education. Ford, R. C. and Richardson, W. D., 2013. Ethical decision making: A review of the empirical literature. InCitation classics from the Journal of Business Ethics(pp. 19-44). Springer Netherlands.
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