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Business Decision Making Assignment (Pdf)

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Business Decision making
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1A) Producing plan for collecting data....................................................................................1B) Survey methodology and sampling frame.........................................................................2C) Questionnaire.....................................................................................................................2TASK 2............................................................................................................................................4A) Summarising the data gathered from the survey...............................................................4B) Analyse results of survey...................................................................................................6C) Measures of dispersion......................................................................................................6D) Calculation of quartiles, percentiles and the correlation coefficient.................................7TASK 3............................................................................................................................................8A) Preparation of graphs........................................................................................................8B) Trend line graphs for three years for organisation............................................................8C) Poster presentation.............................................................................................................8D) Preparation of formal report..............................................................................................8TASK 4............................................................................................................................................9A) Information processing tools beneficial for the management...........................................9B) Producing network diagram and critical path..................................................................10C) Investment appraisal methods.........................................................................................11CONCLUSION..............................................................................................................................13REFERENCES..............................................................................................................................14
INTRODUCTIONBusiness decision-making is important to be taken to enhance overall performance.Present report deals with assessing impact of innovative techniques on Queensgate ShoppingCentre which is one of the exotic high end mall in UK. Survey has been conducted of studentsfrom various colleges and sample is taken in order to evaluate whether sales are injected becauseof technological advancement or not and whether shopping habits are changed or not. Plan ismade by collecting primary and secondary data and questionnaire is prepared for gatheringresults. Moreover, statistical tools are applied as well. Apart from this, investment appraisaltechniques are applied. Network diagram and critical path is made.TASK 1A) Producing plan for collecting dataThe data is required to be gathered so that researcher may be able to interpret results inorder to answer research questions. It provides effective conclusions but for achieving such task,data needs to be collected in the best possible manner. It is essentially required so thatperceptions and viewpoints of people may be segregated and researcher can easily reach atconclusion in effective way (Baker, 2018). In order to collect data for conducting researchregarding how technological innovation is impacting high street shops and malls, students fromdifferent campuses of UK CBC will be taken and results would be drawn thereof. For effectivelyachieving such task, primary and secondary data is required to be gathered so that concreteevidences can be collected regarding the aim of research with much ease. Primary data is the onewhich is not previously gathered by scholar and is taken first handedly by the researcher toassess research aim in a better way. In simpler words, it is gathered for the first time and as such,information is segregated quite effectually.The plan for collecting primary data is that respondents will be issued with onlinequestionnaires and will be asked to fill out the same within stipulated time. The sample would betaken of 20 students and as such, research would be conducted (Popovič and et. al, 2012). While,secondary data is also required to be gathered in order to collect information in the best possiblemanner. It is termed as second-hand data as it is taken from previous research conducted byscholar and it can be taken for conducting research as per the aim. This clearly means thatresearch can be effectively conducted with the help of secondary data which will be gathered1
from articles published on internet, books and journals in effective way. Thus, research can beconcluded with the help of primary and secondary data and as a result, concrete interpretationcould be made in effective manner.B) Survey methodology and sampling frame1. Survey methodology-The survey methodology is required so that data collection process can be ease off and asa result, aim of research can be met out with much ease. It will be helpful for analysing whethertechnological innovation impacts high street shops, multi-utility shops and malls in achievingobjectives (Ford and Richardson, 2013). In relation to this, mall is chosen as a specific sector toassess impact on sales in effective manner. For conducting research, mail ids of students will betaken from the administrative unit of college in order to issue questionnaires to them and as such,gather viewpoints of students in effectual way. It is one of the fast and cost effective method toeasily collect data in the best possible manner. Hence, conclusions could be taken out quiteeffectually.2. Sampling frame-The sampling frame is required as it is not possible to take information from each andevery student of the university. It will be a tedious task for scholar in conducting suchinformation and is a time-consuming task as well. To overcome such situation, sampling frame isthe best available option so that data can be gathered by taking sample which will be therepresentative of whole population (Pettigrew, 2014). In simpler words, simple random samplingtechnique would be used in order to collect information in the best possible manner. It is requiredand as such, this method will save time of scholar as well. Thus, sample of 20 students will betaken for collecting data and as a result, conclusions would be extracted in effective manner.C) QuestionnaireQuestionnaireDemographic informationAgeNameQ 1. Do you think innovative techniques are helpful for accomplishing goals of Queensgate2
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