Business Decision Making – Report

Added on - 28 Dec 2019

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Business DecisionMaking
TABLE OF CONTENTSIntroduction......................................................................................................................................3Task-1..............................................................................................................................................31.1................................................................................................................................................31.2..............................................................................................................................................41.3................................................................................................................................................4Task-2.............................................................................................................................................62.1...............................................................................................................................................62.2................................................................................................................................................72.3 Measures of Dispersion.........................................................................................................92.4 Quartiles & Percentiles......................................................................................................10Task-3............................................................................................................................................113.1..............................................................................................................................................113.2 Scatter graph and Trend Line..............................................................................................123.3 Presentation..........................................................................................................................143.4 Business Report...................................................................................................................22Task-4...........................................................................................................................................234.1..............................................................................................................................................234.2.............................................................................................................................................244.3 NPV & IRR..........................................................................................................................26Conclusion.....................................................................................................................................27References......................................................................................................................................282
INTRODUCTIONBusiness decision making is very essential elements in the present scenario. Decisionmaking is the key function of business managers. There are various financial tools available inorder to take effective and beneficial decisions. Also data analysis can be made on the basis ofmany statistical tools which helps in decision making. Effective decision making will contributetowards the success of an organization. The present research report is based on the variousdecision making aspects to be evaluated by Brit College with an object to increase the number ofenrollments (De Maio, and et.al., 2016).TASK-11.1Data interpretation is an activity which involves a systematic gathering , arranging ,analysis and evaluation of data in order to take effective decisions. Data are the primary input forany decision making exercise.The primary data is the one which are collected from the field orfrom the people.The secondary data is collected and recorded by someone else and are used forthe purpose of making analysis. Examples are annual reports, trends analysis etc. Hence for thepurpose of collection of primary and secondary data the following methods are to be used-Primary Data -The primary data is the one which are collected from the field or from thepeople. The various sources of collection of primary data are-Personal Interviews- Interviews of the various students of the college as well as otherswill be conducted in order to analyze the possible solution in different situations.Emails- Interview questionnaires can be mailed to the students and their responses can beanalyzed to draw the necessary inferences.Telephones- Students can be contacted through telephones and their responses can becollected.Observation- By observing the actions and concerns of the students one can make thenecessary analysis. Personal observation method could be used for collection of requireddata.3
Simulation- This process involves the imitation of the real world process over the periodof time (De Maio, and et.al., 2016).Secondary Data– The various sources for the collection of secondary data for Brit College are-Internal Sources- These are mainly used by the organizations to conduct marketingapplications. These can be results of marketing activities conducted, admissionenrollments records of previous years, various costs information, reports and feedback,and students feedback.External Sources- These are usually collected for financial applications. The variousavailable sources are books, magazines, journals, newspapers, library and throughinternet.1.2The survey will be conducted by using online survey methodology. The questionnaireswill be mailed to the prospective and present students. On the basis of the responses given bythem a structured data will be collected. This data will be used for making further analysis andbusiness decisions will be taken. It is the best data collection technique as the data will becollected directly from the students (De Maio, and et.al., 2016).Sampling Frame- In order to collect data from the students a sample of 50 students willbe taken as per random sampling technique. In this method there are random selections ofstudent and hence the problem of biased selection will be avoided.1.3For the purpose of framing questionnaire we will select the various issues and on thatbasis conclusions will be drawn and the necessary marketing strategy will be framed.For the purpose of marketing Brits College questionnaire for the students is as follows-4
Q.1 How many lectures have you attended in this college?1) 1-30 lectures2) 31-60 lectures3) More than 60 lecturesQ.2 After graduation what are your future goals?1) Undecided2) Join employment3) Pursue Higher Education4) OthersQ.3 Are you satisfied with the teaching faculty in the college?1) Yes2) To a certain extent3) NoQ.4 Is there any improvements required in the college?1) Yes (specify)2) No3) Cannot sayQ.5 Do you find the college faculty to be bias?1) Yes2) No3) Cannot sayQ.6 Are the courses offered in the college sufficient to accommodate the present interestareas of the students?1) No2) Yes3) Up to a certain extentQ.7 Are you able to find a good job after graduation?1) Yes2) No3) Haven't searched for a job5
TASK-22.1Graph showing relationship between achievement grades and satisfaction level is as follows402830292739251835450510152025303540455047223632403329164044The above prepared graph shows level of satisfaction of the students on the X Axis andon the Y Axis it provides information about the achievement grades which are achieved by thestudents of Brits college. From this graph it can be clearly analysed that there is nor any kind ofappropriate relations are there in terms of positive or negative. It can be assessed that whensatisfaction level of students fluctuate then achievement grades as well and due to thismanagement of college cannot take effectual decisions. When visualizing the overall graphs then6
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