Report on Impact of Technological Innovations - Queensgate Shopping Centre
Undertake primary and secondary research on the impact of technological innovation and multichannel shopping on high street shops and malls.
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Added on 2020-06-03
Report on Impact of Technological Innovations - Queensgate Shopping Centre
Undertake primary and secondary research on the impact of technological innovation and multichannel shopping on high street shops and malls.
Added on 2020-06-03
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Business Decision Making
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1A) Formulating plan for collecting data.................................................................................1B) Survey methodology and sampling frame.........................................................................2C) Designing questionnaire....................................................................................................2TASK 2............................................................................................................................................3A) Summarising the data collected from survey....................................................................3B) Analysing results of the survey.........................................................................................5C) Measures of dispersion......................................................................................................5D) Usage of quartiles, percentiles and the correlation coefficient.........................................6TASK 3............................................................................................................................................7A) Producing graphs to draw conclusions..............................................................................7B) Creating trend lines for minimum three years...................................................................7C) Poster presentation.............................................................................................................7D) Formal report for publication............................................................................................7TASK 4............................................................................................................................................9A) Different systems serve the various levels of management..............................................9B) Constructing network diagram and critical path.............................................................10C) Capital investment appraisal techniques to take decision...............................................11CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................13
INTRODUCTIONBusiness decision-making is required in order to perform tasks in effective way. Present report deals with analysing impact oftechnological innovations and advancements on Queensgate Shopping Centre which is the biggest shopping mall situated in UK. From differentcampuses of college, sample of students is taken to assess whether shopping habits of customers' affect sales of business or not. Foraccomplishing this, plan for data collection is created, sampling frame is used and questionnaire is prepared. The results drawn are analysed withthe help of presentation of graphs. Network diagram and critical path are formulated. Investment appraisal techniques are calculated in order totake decision whether to invest in project or not. TASK 1A) Formulating plan for collecting dataThe collection of data is required to achieve so that information can be obtained in the best possible manner. This is needed in order tocarry out various perspectives of people so that information can be gathered and conclusions may be drawn in effective way. The data will begathered from the students of UK CBC to get desired results regarding the technological innovation and evolution of multichannel shoppingimpacting on malls and high street shops in UK. For accomplishing this task, primary and secondary data will be collected by researcher so thatbetter and concrete conclusion can be drawn with regards to objective of survey. The primary data means that it is collected for the first time andnot previously taken by any scholar to conduct research. In relation to this, data will be gathered from students from all campuses by circulatingonline questionnaires and duly asked them to fill the same and provide their opinions within stipulated time frame. In conducting research, 20students will be taken as a sample and simple random sampling will be used (Yuniningsih, Widodo and Wajdi, 2017).On the other hand, secondary data means that which is already gathered previously by researcher and is again being used by differentresearcher for conducting research and draw results in the best possible manner. With regards to this, it is also known as second-hand data as thesame had been already collected and used for another research as well. This data will be collected from various publication, journals, articles,books and as such, information can be gathered in effective way. Thus, this plan will help to get desired results within the shortest possible timeframe and research will be completed with much ease (Phelps and Wood, 2018). B) Survey methodology and sampling frameSurvey methodology-The survey methodology is the method to collect data in the best possible manner. This will help UK CBC to analyse the impact oftechnological innovation on the malls and high street shops with much ease. In relation to this, online questionnaires will be used to collectinformation in effective manner from students. It is useful and fast method to gather information and draw conclusion from the same. This willbe achieved by taking respective mail ids of the students from the administration department of campuses and as such, information will becollected by issuing questionnaires on their mail ids. Thus, quick results can be obtained in effective manner (Zavadskas, Antucheviciene,Turskis and Adeli, 2016). Sampling frame-The sampling frame is required so that information can be gathered within stipulated time and no extra costs are incurred by theresearcher. Moreover, simple random sampling method will be used as it is one of the easiest technique to generate information with much easeby just taking sample of population which is representative of whole universe and as such, this method saves time of researcher to collectinformation in the best possible manner. In relation to this, 20 students will be taken as a sample and result will be extracted. It is one of thecommon method to collect data in effective manner which is not time-consuming as well and effective conclusions can be drawn with much ease(Zeng, Chen and Li, 2016). C) Designing questionnaireQuestionnaireDemographic informationAgeNameQ1 Do you agree technological innovation is helping mall to achieve objectives?Strongly AgreeAgreeDisagreeStrongly DisagreeNeutralQ2 Do you think sales are injected because of innovative techniques implemented byQueensgate Shopping Centre?YesNoQ3 Do you agree that shopping habit is changing in relation to technological innovation bymall?Strongly AgreeAgree1
DisagreeStrongly DisagreeNeutralQ4 How often do you visit Queensgate Shopping Centre?Once in a weekFrequentlyOnce in a monthRarely Q5 Where do you often go for the purpose of shopping?Local area marketShowroomsMallsMulti-utility storesQ6 Do you think shopping mall is one of the best place to purchase goods?YesNoQ7 From the below elements, which factor induces you to buy items from QueensgateShopping Centre?Convenient location Large variety of goodsLow costs Discount availableQ8 Do you agree that technological innovation influences your buying behaviour?Strongly AgreeAgreeDisagreeStrongly DisagreeNeutralQ9 Kindly specify suggestions that can be implemented in mall and impart valuableadvices...........TASK 2A) Summarising the data collected from surveyThe descriptive statistics such as mean, median and mode are effective way of analsying data in the best possible manner. Mean is theaverage of data set in the study, while median is mid value of the same data. On the other hand, mode implies that value which frequently occursin the data set. Number of respondentsDo you think sales are injectedbecause of innovative techniquesimplemented by QueensgateShopping Centre?Do you agree that shoppinghabit is changing in relation totechnological innovation bymall?1112213124115116227118119121021111112111311141115141611172518112
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