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TASK 11: Business decision making in organisation

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Added on  2020-06-05

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Business Decision Making TABLE OF CONTENTS INTRODUCTION 1 TASK 11 1.1 Brief description of organisation and its business problem1 1.2 Creating plan for collection of primary and secondary data1 1.3 Questionnaire for the business problem2 1.4 Survey methodology and sample frame 4 2.1 Application of measures of dispersion 4 2.2 Conclusions on business context 6 2.3 Calculation od quartiles, Average percentiles and correlation of coefficient 6 TASK 27 3.1 Conclusions based on graphs8 3.2 Presentation of trend lines and scatter diagram9 3.3 Business presentation

TASK 11: Business decision making in organisation

   Added on 2020-06-05

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Business Decision Making
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TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Brief description of organisation and its business problem..................................................11.2 Creating plan for collection of primary and secondary data.................................................11.3 Questionnaire for the business problem................................................................................21.4 Survey methodology and sample frame................................................................................42.1 Application of measures of dispersion..................................................................................42.2 Conclusions on business context...........................................................................................62.3 Calculation od quartiles, percentiles and correlation of coefficient......................................6TASK 2............................................................................................................................................73.1 Conclusions based on graphs................................................................................................83.2 Presentation of trend lines and scatter diagram.....................................................................93.3 Business presentation............................................................................................................9TASK 3..........................................................................................................................................104.1 Using of information processing tools................................................................................104.2 Project plan and determination of critical path...................................................................114.3 Using of financial tools for decision making......................................................................124.4 Formal business report........................................................................................................13CONCLUSION:.............................................................................................................................14REFERENCES..............................................................................................................................15
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INTRODUCTIONEvery organisation whether from any industry face few problems. The report is based onthe business problem that is being faced by Ann's college. The problem is continuous decline inthe performance of students and it revenue. Present report provides methodology of research thatwill enable the management in making future economic decisions. It includes methods ofcollecting relevant data that will enable the researcher in identifying reasons behind the businessproblem along financial performance analysis.TASK 11.1 Brief description of organisation and its business problemThe research report focuses on the business problem of an educational institute that isAnn's College which is based in UK. The main problem that college is facing is decline in thenumber of students and overall revenue of the college. Another major problem of theorganisation is poor performance of the students due to which overall performance of the collegeis also declining and management is not able to attract more students. There may be any reasonsbehind this situation that is lack of high professional tutors, lack of proper study material, badenvironment of the college, etc. (Beach and Lipshitz, 2017) The concerned organisation is keento know about the reasons behind their this business problem.1.2 Creating plan for collection of primary and secondary dataIn order to conduct research on any business problem, collection of relevant data isnecessary. Therefore, in case of Ann's college problem, researcher would require relevant datafor conducting his research and identifying the actual reasons behind the decline in performanceof college. For this purpose data can be collected through primary sources or secondary sources.Primary sources for collection of data can be:Data that has been collected for the very first time in context with the business problem isprimary data.Direct interview of old students and present students of college (Bennun and et.al., 2017).Analysing trends of admission of students into college.By observations and referring case studies.1
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Secondary sources for collection of data:Data that has been already collected for any purpose whether the similar businessproblem or not, is referred to secondary data.Information available on internet or books.Newspaper.Already collected feedbacks of students and professors (Calabrese and et.al., 2017).These are the choices available to the researcher for collecting relevant data in order toconduct his research.1.3 Questionnaire for the business problemQuestionnaire is the form of primary data collection. Researcher can preparequestionnaire mentioning those questions for which he requires answers. This is then distributedto the concerned audience, whose feedback can influence results of the research. Below are thesample questions:Question 1. Profession?StudentProfessorQuestion 2. Which student you are ?Current studentEx-studentQuestion 3. What is your Time bar in this college?3 years and more2 years1 yearJust joinedQuestion 4. According to you how much effective is the learning of college?2
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