Business Decision Makings Assignment
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Added on 2020-06-04
Business Decision Makings Assignment
Added on 2020-06-04
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BUSINESS DECISION MAKING
TABLE OF CONTENTSTABLE OF CONTENTS...................................................................................................................2INTRODUCTION................................................................................................................................3TASK 1.................................................................................................................................................3Steps need to be followed for collection of varied sort of data...................................................3Survey methodology and sampling frame for research...............................................................4Questionnaire for research...........................................................................................................5TASK 2.................................................................................................................................................62.1 Measures of central tendency................................................................................................62.2 Interpretation of values of tools of measures of central tendency.........................................82.3 Measures of dispersion..........................................................................................................92.4 Quartile, percentile and correlation coefficient...................................................................10TASK 3...............................................................................................................................................123.1 Graphical representation of data..........................................................................................123.2 Trend analysis chart.............................................................................................................173.3 Enclosed in PPT...................................................................................................................183.4 Formal business report.........................................................................................................18TASK 4...............................................................................................................................................194.1 Information processing tools...............................................................................................194.2 Network diagram.................................................................................................................204.3 Project evaluation method...................................................................................................20CONCLUSION..................................................................................................................................21REFERENCES...................................................................................................................................23
INTRODUCTIONAt the workplace of every business, there are various kinds of problems and issues arisewhich are resolved through effective decisions. When any kind of business decisions are madethen several types of data, tools and techniques are taken into account by the management whichare represented at the current report. In order to prepare the project, UKCBC College isconsidered which is UK based and provide several kinds of education to the students. Here, levelof experience as well as satisfaction is to be identified and analysed by the researcher bycollecting data from the students of respective college. At this study statistical tools and methodslike mean, mode, standard deviation, quartile, median, percentile etc. are applied on the data setwhich is gathered from the pupils. Apart from this, collected information are represented usingdifferent kinds of charts and graphs along with the proper interpretation. Furthermore,investment appraisal techniques like NPV and IRR are calculated for assessing project viability.TASK 1Steps need to be followed for collection of varied sort of dataFor commencing research data is gathered, in the present research also primary andsecondary data will be collected. Primary data will be collected from 20 students that are incollege. It can be said that sample of 20 students will take in the present research. In order tocollect primary data sample units will be taken from Lords House, Crickle wood, Park Royal andWent worth House which are four campuses. Research will be carried out for 15 days. Timeschedule for research is given below.Stages of researchDetailsCost or budgetCollection of secondary dataBooks and journals will bereviewed for data analysis.£20Analysis of secondary dataGathered information will beanalysed.£10Collection of primary dataPrimary data will be gatheredfrom sample of 20 people.£40Analysis of primary dataIn order to analyse primarydata statistical tools will beused.£10Preparation of reportIn this stage entire report willbe prepared.£10£903 | P a g e
Secondary data that will be collected for the research will be quantitative in nature. Whereas,gathered primary data will be quantitative in nature. Secondary data will help one in developingbroad understanding of the research subject. Whereas, primary data will give an overview of thecurrent condition. It can be said that there is significant importance of the primary and secondarydata (Babajana and Phillips, 2016). There are few resources that will be used in the presentresearch study like human resource and financial resources. There will be single person that willbe responsible for collecting secondary data. To meet research requirements some of amount willbe used to meet day to day research requirements. There are some risks that are associated withpresent research study and one of them is that it is possible that respondents may give wronganswers due to some bias factors. However, steps will be taken to ensure that data gathered isunbiased.ParticularsPlan Duration of surveySurvey will be done for one week.LocationThere are four campuses from where data willbe gathered like Wentworth house, Lordshouse, Windermere house and Crick Elwoodcollege.Survey method usedQuestionnaire will be distributed amongrespondents.Type of dataPrimary data will be gathered in respect toresearch topic.Resources to be usedHuman resources will be used as same will beresponsible for collection of entire data.Different items will purchased from market forconducting survey.BudgetBudget of survey will be £100.1.2Survey methodology and sampling frame for researchIn the present research study specific sampling frame will be used along with surveymethodology and same are explained below.Survey methodology4 | P a g e
Questionnaire: There are number of methods in which survey can be done like questionnaireand interview etc. Main aim of research is to gather quantitative data about research topic.Thus, by distributing questionnaire data will be gathered in present research.Sampling frameSimple random sampling: It is the one of the simplest method that is used to forsampling by the researchers. Usually, in most methods some standards are followedto select an individual as respondent (Jorgensen, Trotter. and Hill, 2016). But in thismethod at own desire one pick sample units. This method will not be used in thepresent research study.Stratified sampling: It is another method under which entire population isapportioned in to different fragments and sample units are taken from each one. Thismethod will be used in current research study because under this entire campus can bedivided in to different parts and from same sample units can be taken andquestionnaire will be distributed among them.Cluster sampling: In this method from varied geographic areas units of sample areextracted. This approach is widely used in the research studies.Quota sampling: Quota sampling is one under which different quota are prepard andfrom same sample is formed. This method of sampling is less used in the researchstudies.1.3 Questionnaire for researchQuestionnaire is prepared in the current research study and main aim is to identifyperception that students have about campuses of UKCBC in terms of their satisfaction fromservices and teaching style of teachers.Research QuestionnaireDemographic InformationName _______________Gender ______________Que. 1: What is the duration of your study in UKCBC till the time in terms of years?1 235 | P a g e
45Que. 2: What kind of facilities and services are provided by UKCBC College to you?LibraryCanteenWash-roomsComputer labQue. 3: Most of students are satisfied with sort of amenities are provided to them by relevanteducational institutes?Strongly agreeAgreeNeutralDisagreeStrongly disagreeQue. 4: Which of below given amenities are provided to you by UKCBC college?Imparting education by using advanced software’sSufficient seating capacityOthers ------------------------Que. 5: Rank according to opinion you have about relevant educational institute?_____________________________________________________________________________________________________Que. 6: Most of students are satisfied with type of education given to them in college?YesNoQue. 9: Do you think that there is need to bring change in current education system.YesNo6 | P a g e
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