Business Decision Making Process (Doc)
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Added on 2020-01-07
Business Decision Making Process (Doc)
Added on 2020-01-07
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BUSINESS DECISION-MAKING
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1.1 Create a plan for data collection of primary and secondary data for the given businessproblem.......................................................................................................................................1P1.2 Present a survey methodology and sample frame...............................................................2P1.3 Design a questionnaire for the given problem....................................................................3TASK 2............................................................................................................................................5P2.1 Create information for decision making by summarizing the data.....................................5P2.2 Analyze the results to draw valid conclusions....................................................................6P2.3 Analyze the data using the measures of dispersion............................................................6P2.4 Explain how Quartiles, percentile and correlation coefficient to draw useful conclusions......................................................................................................................................................7TASK 3............................................................................................................................................8P3.1 Produce graphs using the spreadsheets and draw the valid conclusions............................8P3.2 Create trend line to assist in forecasting...........................................................................10P3.3 Prepare Business presentation...........................................................................................11P3.4 Produce formal business report. .......................................................................................11TASK 4..........................................................................................................................................11P4.1 Use appropriate information planning tools.....................................................................11P4.2 Prepare the project plan for an activity and determine the critical path...........................12P4.3 Use financial tools for decision making............................................................................14CONCLUSION..............................................................................................................................15REFERENCES..............................................................................................................................16
INDEX OF TABLESTable 1: Raw data ...........................................................................................................................5Table 2: Calculation of Mean, Median and Mode...........................................................................6Table 3: Measures of dispersion......................................................................................................6Table 4: Percentiles..........................................................................................................................7Table 5: Quartiles.............................................................................................................................7Table 6: Correlation Coefficient......................................................................................................7Table 7: Project plan of activities..................................................................................................12Table 8: Calculation of NPV..........................................................................................................14Table 9: Calculation of IRR...........................................................................................................14
ILLUSTRATION INDEXIllustration 1: Pie chart of Sales.......................................................................................................8Illustration 2: Pie chart of Profit......................................................................................................9Illustration 3: Column Chart of Profit..............................................................................................9Illustration 4: Trend Line Sales......................................................................................................10Illustration 5: Trend Line Profit.....................................................................................................10Illustration 6: Gantt Chart..............................................................................................................13Illustration 7: Network diagram.....................................................................................................13
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