Business Decision Making

This presentation covers the concept of business decision making, including objectives, data collection, various charts and graphs, findings, suggestions, and references. It provides insights into performance evaluation and control in organizations. Get expert help with your assignments and essays on Desklib.

Business Decision
Making
Task 3

Covered content
 Introduction
 Objectives
 Data collection
 Line chart, scatter graph
 Pie chart, Bar chart, histogram graph and column
 Findings
 Suggestions
 References

INTRODUCTION
Business decision making is the concept the are required
by every business to evaluate and control its functional
and operational areas of particular department .

OBJECTIVES
The main objective of this research work is to know about
performance of organization though preparing various charts
and graphs.

Data collection
Year Advertising Expenses (000) Sales Income ( 000)
2001 110 1200
2002 120 1400
2003 150 1500
2004 170 1800
2005 200 2200
2006 240 2300
2007 260 2400
2008 320 2550
2009 380 3200
2010 440 3750
2011 460 4460
2012 490 4820
2013 510 5000
2014 550 5670
2015 585 5900
2016 600 6300

Line chart
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16
0
1000
2000
3000
4000
5000
6000
7000
line chart
Year
Advertising Expenses (000)
Sales Income ( 000)

Scatter graph
2000 2002 2004 2006 2008 2010 2012 2014 2016 2018
0
1000
2000
3000
4000
5000
6000
7000
Advertising Expenses (000)
Sales Income ( 000)

Pie chart data
Branch location Net income (£000)
London Branch 2300
Birmingham Branch 2000
Manchester Branch 1500
Cardiff Branch 1200
Plymouth Branch 1000

Pie Chart
2300
2000
1500
1200
1000
London Branch
Birmingham Branch
Manchester Branch
Cardiff Branch
Plymouth Branch

Bar chart data
Year Sales
2017 10710
2018 18421
2019 32237

Continue..
1 2 3
0
5000
10000
15000
20000
25000
30000
35000
2017 2018 2019
10710
18421.2
32237.1
Year
Sales

Linear equation at scatter graph
2000 2002 2004 2006 2008 2010 2012 2014 2016 2018
0
1000
2000
3000
4000
5000
6000
7000
Advertising Expenses (000)
Mean (Advertising Expenses
(000))
Sales Income ( 000)
Mean (Sales Income ( 000))

Continue...
Year Advertising Expenses
(000)
Sales Income ( 000)
2017 780 8190
2018 1014 10647
2019 1318.2 13841.1

Continue..
2016.5 2017 2017.5 2018 2018.5 2019 2019.5
0
2000
4000
6000
8000
10000
12000
14000
16000
Advertising Expenses (000)
Sales Income ( 000)

Column chart
Year Sales Income
2017 7875
2018 9843.75
2019 12304.6875
2020 15381.25

Column graph
1
2
3
4
0 2000 4000 6000 8000 10000 12000 14000 16000 18000
2017
2018
2019
2020
7875
9843.75
12304.6875
15381.25
Year
Sales Income

FINDINGS
• Sale in 2019 is increase continuously as per bar chart.
• Most of the profit is generated from London branch with
2300.
• Column chart shows most number of sale in 2020 as
predicted by from this analysis .
• With minimum expenses on advertising it recorded
highest sale.

SUGGESTION
• Cost on other expense should reduce to make stability in
production capacity of the company..
• More promotional activities are done to increase
maximum profit for the company.
• Effective decision have to be taken to maintain balance in
growth rate.

REFERENCES
Nooraie, M., 2012. Factors influencing strategic decision-making
processes. International Journal of Academic Research in
Business and Social Sciences. 2(7). p.405.
Pettigrew, A. M., 2014. The politics of organizational decision-making.
Routledge.
Salas, E., Rosen, M. A. and DiazGranados, D., 2010. Expertise-based
intuition and decision making in organizations. Journal of
management. 36(4). pp.941-973.
Velasquez, M. and Hester, P. T., 2013. An analysis of multi-criteria
decision making methods. International Journal of Operations
Research. 10(2). pp.56-66.

THANK YOU