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Designing of data collection and analysis for business decision making

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Added on  2020-10-22

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Business Decision Making INRODUCTION 1 TASK 11 1.1 Creation of plan for collection of data 1 1.2 Presentation of survey methodologies and formulation of sample frame 2 1.3 Designing of questionnaire to attain the respondents 3 TASK 25 2.1 Summarisation of data through using representative values mean, median and mode 5 2.2 Evaluation of the results of research to draw important conclusions8 2.3 Evaluation of data using measures of dispersion9 2.4 Contribution of quartiles, percentiles and correlation coefficient to draw results 11 TASK 311

Designing of data collection and analysis for business decision making

   Added on 2020-10-22

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Table of ContentsINRODUCTION..............................................................................................................................1TASK 1............................................................................................................................................11.1 Creation of plan for collection of data .................................................................................11.2 Presentation of survey methodologies and formulation of sample frame.............................21.3 Designing of questionnaire to attain the respondents...........................................................3TASK 2............................................................................................................................................52.1 Summarisation of data through using representative values mean, median and mode.........52.2 Evaluation of the results of research to draw important conclusions....................................82.3 Evaluation of data using measures of dispersion..................................................................92.4 Contribution of quartiles, percentiles and correlation coefficient to draw results..............11TASK 3..........................................................................................................................................113.1 Formulation of graphs and pie charts to draw conclusions through survey........................113.2 Creation of trend lines to assess future trend......................................................................183.3 Poster...................................................................................................................................193.4 Preparation of formal report for publication in Retail Times magazine.............................19TASK 4..........................................................................................................................................204.1 Various information processing tools used various level of management..........................204.2 Development of network diagram to determine critical path..............................................214.3 Application of financial tools to improve decision-making regarding investment in project...................................................................................................................................................23CONCLUSION..............................................................................................................................24REFERENCES..............................................................................................................................26
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INRODUCTIONTechnology is essential part of normal life of individuals. It is observed that individualsof the society prefer to conduct their functions with the aid of technologies to save their time andcost. Adoption of innovative technologies within the organisation provides the opportunity is toinfluence the buying behaviour of customers. There are many other benefits which are derivedby organisation includes high productivity, good administration, improved quality of products,effective distribution channels etc. Advancement of technology evolved multi-channel shoppingwhich results in providence of products through use of online platforms. It reduces theattractiveness of small shops because customers can purchase products from their homes now.Amazon is e-commerce company which is known as largest internet retailer in terms of revenueand market capitalisation (Bayne and Woolcock, 2011).In the present report explain about, formulation of plan to ascertain the views ofrespondents, presentation of research methodologies and sample framing, preparation ofquestionnaire, interpretation of data with the help of mean, median and mode, evaluation of datausing measures of dispersion, use of quartiles, percentiles and correlation coefficient to drawconclusions. Also, creation of trend line to ascertain information about future trends, applicationof information processing tools to improve communication and use financial tools to choose bestprofitable alternative. TASK 11.1 Creation of plan for collection of data In today's era main role is played by the technology in advancement of businessactivities. Implementation of new technologies not only helps in development of internalstructure and strength of organisation but also evolves new channels of conducting business. Useof internet to conduct their business functions is most effective platform which is emerged to useof technologies. It provides the opportunity is to provide their products worldwide through usinginternet facilities and online platforms. There are many organisation which adopts thistechnology and develops many channels in providence of their products and services.Amazon is an electronic commerce and cloud computing organisation which wasfounded in 1994. It terms of revenue and market capitalisation and revenue considered as largest
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internet retailer. Amazon serve their functions worldwide. Almost all the products are providedby Amazon except few. The main products in which organisation deals includes food, furniture,electronics, books, software's, toys and jewellery. It has been observed after the success of online shopping, huge adverse impact is facedby high street shops and malls on their business. To ascertain the amount of impact oftechnological innovation research is conducted with the help of primary and secondary methodsto grab the views of respondents and collect the information from market through analysing thepast sales and revenue data of organisation. Also, tries to find out how online platform changesthe shopping habit of consumers, factors which supports in this process, the reasons whichprovides support to accept the changes and the socio-economic impact of technologicalinnovation and evolution of multichannel shopping.Primary method: The process which is used as per this method includes collection ofinformation directly from respondents by the way of their views and feedbacks. It is mostreliable and accurate information free from bias. The results attained from the informationcollected with the help of primary method is true in nature. Here, Direct research related topicsand questions are asked to respondents. The various tolls of primary method are defined below:Interview: It is also called as personal interview where researcher makes face to faceinteraction with respondent to know their views. It helps in interpretation of informationfrom their facial expressions and attitudes (Ferrell and Fraedrich, 2015).Questionnaire: Most common primary method used to collect data. It includesformulation of research questions on the basis of objective. Mainly which is used inresearch process is close-ended questionnaire where different options are attached withquestions. Secondary sources: The main sources which are used to collect the information byresearcher includes newspapers, articles and magazines. All these sources are such where theinformation is already published from where it is gathered as per research requirement. The mainbenefit which is received by researcher includes saving of time and cost. 1.2 Presentation of survey methodologies and formulation of sample frameAmazon is organisation which uses digital plat form to conduct their business activities.To make their business more effective and improves their decision-making management oforganisation decided to the take the views of customers upon the technologies are used by them.
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In this regard, research is conduct with the aim of collecting information about different aspectssuch as:Impact of technological advancement and multi-channel shopping upon businessperformance of shops and mallsImpact of technology regarding influencing consumer behaviour Determination of the factors which drive changesImpact of digital platform upon the economic and social developmentSurvey methodologies: This includes about the method which is used for the purpose ofconducting research effectively. In this regard, main method which helps to attain the actualviews of respondents is primary method where questionnaire is prepared having 10 differentresearch questions. Here, actual views are attained regarding importance of implementation oftechnology within the organisation regarding improvement of profitability and sales andinfluencing the behaviour of consumers. It improves the decision making of manager whichcontributes in determination of actual position of in market (Ford and Richardson, 2013). Sample frame: Here, describe about the methods which are used regarding selection ofthe respondents from total population. There are many methods are present which can be used inthis regard includes random, cluster and stratifies. The main two categories under which all thesemethods are defined includes probability and non probability sampling. All the methods havetheir different functions in the process of research attached with various types of benefits. In thepresent report, Random sampling method is used by researcher to select respondents. With thehelps of this method 30 respondents are selected to know their views about the researchquestions. The collected information is analysed with the help of different statistical tools likeMean, Median and Mode (García-Peñalvo and Conde, 2014). 1.3 Designing of questionnaire to attain the respondentsQuestionnaireName:Gender:Age:E-mail:Q1. What product you buy most from online platform?
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