Business Decision Making in Ann's College - Report
An in-depth study into business decision making in a selected organisation.
15 Pages2279 Words39 Views
Added on 2020-07-22
Business Decision Making in Ann's College - Report
An in-depth study into business decision making in a selected organisation.
Added on 2020-07-22
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Business Decision Making
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Describing the business and the problems faced by them................................................11.2 Presenting the primary and secondary research plan to analyse business obstacles........11.3 Presenting the primary research plan with the help of questionnaire...............................11.4 Determining the sampling frame for collection of informations......................................3TASK 2............................................................................................................................................32.1 Measuring the mean, mode, median and standard deviation by summarising the data.. .32.2 Analysing the outcomes and presenting the conclusions.................................................52.3 Determining the Quartering, percentile, range correlation coefficient on the basis ofsecondary research..................................................................................................................5TASK 3............................................................................................................................................63.1 Presenting the graph and spread sheet for the primary and secondary data collection....63.2 Presenting the business forecast with measuring the scatter digram................................73.3 Preparing the business presentation..................................................................................7TASK 4............................................................................................................................................74.1 Selecting the information tool for decision making.........................................................74.2 preparing the project plan with the help of critical path...................................................84.3 Measuring the net cash benefits and interest charged over investment............................94.4 Presenting the formal business report to finance director................................................9CONCLUSION..............................................................................................................................10
INTRODUCTIONIn order to make improvement of business performance there is need to make theadequate analysis over the financial outcomes and present the fruitful decision in this context.The present report deals with Ann's college which is facing problems regarding low revenue andreduced enrolment of students in it (Babajana and Phillips, 2016). It is important that it shouldtake effective business decisions so that issues may be resolved by it in the most proficient way.The data may be gathered in effective way and as such, decisions may be taken so that profits aremaximised and issues may also be removed up to higher extent. TASK 11.1 Describing the business and the problems faced by themThe problems faced by Ann's college is that it is unable to make revenue as students aredecreasing. The college is facing serious problem as its performance is going down which is nota good sign. As such, college needs to collect data and then analyse the same and then draw validconclusions. It should be able to identify the root cause behind such decline in performance andas such, measures be taken by it so that performance may be increased too much extent. This willautomatically help college to achieve its objectives and performance may be increased whichwill eventually provide better revenue in the most proficient way (Gong, Koh and Tan, 2016).The business of college may be channelised in the most proficient way by collecting the primaryand secondary data. This data will provide clarity to Ann's college and in accordance with this, itmay formulate decision-making for the betterment of it and then performance may be improvedin the best possible way by gaining more profits. This way problems faced by it may be resolvedup too much extent. 1.2 Presenting the primary and secondary research plan to analyse business obstacles1.3 Presenting the primary research plan with the help of questionnaireCovered in ppt1.4 Determining the sampling frame for collection of informationsThe sampling frame is also an important criterion while collecting information. While,doing so, it is practically not possible to include all the information available from the universe.As such, sampling method is used which represents the universe (Jorgensen, Trotter and Hill,2016). The simple random sampling can be used by Ann's college which will be representation1
of all the students. This method is simple to use and information can be generated with muchease. It is so as no parameter is used. This method is free and randomly determine from theinformation.Ann's college can use 30 sample size of sampling by providing online questionnaireforms to be filled by the respondents for producing effective and authentic information toenhance decisions for the betterment of it. TASK 22.1 Measuring the mean, mode, median and standard deviation by summarising the dataMean:2
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