Assignment Business Decision Makings
Added on 2020-06-04
21 Pages5108 Words63 Views
BUSINESS DECISION MAKING
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Prepare a plan for collecting data..........................................................................................11.2 Use of sample framing and survey methodology..................................................................21.3 Designing a questionnaire.....................................................................................................3TASK 2............................................................................................................................................52.1, 2.2 & 2.3 Summarise and analyse the data by using representative value...........................52.4 Use of quartile, percentile and correlation coefficient..........................................................8TASK 3............................................................................................................................................93.1 & 3.2 Creation of graphs and trend line by consulting data.................................................93.3 Power point presentation for appropriate findings..............................................................133.4 Preparation of formal student report...................................................................................13TASK 4..........................................................................................................................................134.1 Use of information processing tool in relation to formulate strategy.................................134.2 Prepare a project plan and determine critical path .............................................................14...................................................................................................................................................164.3 Use of financial tool at the time of decision making..........................................................16CONCLUSION..............................................................................................................................18REFERENCES..............................................................................................................................19
INTRODUCTIONFor any idea, it is compulsory for an individual to prepare a plan which is helpful inexecuting the task properly. Business is a idea in which variety number of ideas are discussedwith a aim to generate more and more profit. Management have to consider their financialstatement and preference of their users so that they can frame such sort of strategies which arehelpful for them in their long term. For any business decision making some reports and data haveto get collected which enable in take any beneficial decision. The main agenda of this file is allabout appropriate decision which has taken by the UK college of computing and business.Student representative have to prepare a report for which appropriate amount of data getcollected through various number of students around the all 4 campus of college. The survey getconducted through questionnaire by selecting number of respondent through sample framing.Once the data get collected a major analysis get done on that through which appropriateconclusion get draw. By suitable finding, management can take appropriate decision for growthand development. All these things lead to discuss in this assignment (Gabrielsson, 2013). TASK 11.1 Prepare a plan for collecting dataAppropriate plan is necessary for conducting any research. This enable in collectingappropriate amount of data through various number of sources. Student representative ofUKCBC, have to prepare a plan under which the results which get conclude become useful forpreparing their strategies. Hence, appropriate plan for collecting data through number of studentsare as follow: Time: To conduct the research, the plan of collecting required data from differentdepartments had been prepared. Review has been analysed with the assistance of researchcompany Quality Assurance Agency (QAA) which has contributed the college in analysisand collecting the data and information. The research has gone with the process of surveywhich will be completed within one month. Locations: The sample of research has been collected from all four campus of UK collegeof business and computing(UKCBC) which are Main campus of UKCBC at Gants Hill,The Lords House Campus at Gants Hill, Windermere House at Park Royal (WestLondon) and Victory Park near Cricklewood (North West London). 1
Survey methods: For data collection process, a researcher have to use various number oftechniques which are helpful in collecting appropriate information from various numberof respondents. Personal interviews, telephonic interviews, questionnaire etc. are somemajor approaches which are helpful in data collection process. For this research,questionnaire is used as a best method (García-Peñalvo and Gabrielsson, 2013). Types of data: The study has contained the Primary data and both quantitative andqualitative research which has been use to analyse the research's final outcome. Theresearch is a descriptive research using survey method to find out the experiences andsatisfaction level of students from different campuses of UKCBC. Resources: The questionnaires were mailed out to all 200 representatives UK College ofBusiness and Computing. Participants has filled form separately. This research has beencompleted with the assistance of research organisation 'Quality Assurance Agency(QAA)' which is contributing to gather the data from the student of university andanalyse it. Budget: Budget is an essential element which aid in identify the areas for expense so thatan individual can spend according to requirement of project. Every organisation allocatesome amount of fund to their department with a single objective which is just to attainhigh profit. Same thing is going to be done in UKCBC report with a aim to increase thereliability of data.Budget of this research project was 2000$ which include all thefinancial, paper work and other expenses. Thus, these factors are helpful in such amanner to make research successful (Richardson and Ford, 2010).1.2 Use of sample framing and survey methodologySurvey method is technique of collecting data by utilizing various survey tools andtechniques such as questionnaire, interview, observation etc. in order to contact with the sampleand gather the desired information helpful for the research. In this study, survey method hasattempted to collect primary data to get attitude of students, to examine their level of experiencesand their facilities provided by the college union and conduct segmentation research. Thequestionnaire methodology will be used in order to get the responses by asking question usingsocial media such as emails, Facebook text messaging, google questionnaire, and fill thequestionnaire papers in the campuses as the mode of communication. 2
Sampling is process of rectifying units from the population where the researcher choosessample size according to convenience of reaching populating and need of survey. People numberwho are related to the survey are called population or universe (Gaissmaier and Gigerenzer,2014).Some of the methods which are useful in collecting data and divide the groups intoidentified fields are as follow: 1.Simple random sampling2.Quota random sampling3.Cluster sampling4.Strata samplingThis process defines the sleeted units and sampling technique and size that the researchercould take to complete the survey. This research has picked 50 students from each campuses ofUKCBC of all four department (Sidorov, Jones and Isik, 2012). From each department, 50students have asked to fill the questionnaire who were chose randomly are from every selectorsthe different courses. The sampling frame doesn't parted in respect of Gender. SamplingMethodology for research is probability sampling in which stratified probability samplingmethod utilized. Whole students have been divided into four strata of whole UKCBC within theircampuses. These strata pick the students randomly from every campus which defines equalrepresentation of students from every campus of UKCBC.1.3 Designing a questionnaireQuestionnaire is a paper in which all the questions which are related to research aredefine. This method is very helpful in identify the opinion of different number of respondent onsame thing. Below mention questionnaire is prepare for the student of UKCBC in which theirexperience and satisfaction get measure. This survey is helpful for taking the decision which arehelpful in long term process. This survey is conducted on 50 respondents. Name:Campus:Age:Course:1.Did you begin your college here or transferred from another college or 3
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