logo

Business Decision Making Assignment Solution (Doc)

Create a plan for the collection of primary and secondary data, design a questionnaire, analyze data using various techniques, and draw valid conclusions in a business context.

19 Pages4339 Words36 Views
   

Added on  2020-09-17

Business Decision Making Assignment Solution (Doc)

Create a plan for the collection of primary and secondary data, design a questionnaire, analyze data using various techniques, and draw valid conclusions in a business context.

   Added on 2020-09-17

ShareRelated Documents
Business Decision Making
Business Decision Making Assignment Solution (Doc)_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Creation of plan for collecting data through primary and secondary sources..................11.2 Survey methodology and sample framing used for research............................................21.3 Designing a questionnaire................................................................................................32.1 Creation of information on the basis of suitable responses of respondents.....................42.2 Suitable calculation on the basis of data...........................................................................52.3 Analysis of data by using measure of dispersion and standard deviation........................62.4 Use of quartile and correlation coefficient in judgement.................................................7TASK 2............................................................................................................................................83.1 Use of graphs and charts for effective findings................................................................83.2 Creation of trend lines for graphs...................................................................................103.3 Business presentation for dissemination of information................................................113.4 Dissemination of information through formal business report.......................................11TASK 3..........................................................................................................................................124.1 Use of information processing tool................................................................................124.2 Creation of project management plan and critical path for effective decision...............12..............................................................................................................................................13..............................................................................................................................................134.3 Use of financial tools in effective judgements...............................................................14CONCLUSION..............................................................................................................................15REFERENCES..............................................................................................................................16
Business Decision Making Assignment Solution (Doc)_2
Business Decision Making Assignment Solution (Doc)_3
INTRODUCTIONEvery business get success in long term context with right judgements which usuallytaken by management and higher authority (Ferrell and Fraedrich, 2015). Along with this,management have to take all such people in account as well whom are affected by decision more.Thus, business decision making have to be based on various information which an entity collectfrom their ultimate customers. This project is based on research which get conducted by “Foodfor friends” whom want to start another restaurant in London. A proper report gets framed byusing adequate techniques to collate information from various number of sources and interpretinformation so that management can understand it properly and take profitable decision. For thisrelation, variety of sources of information will going to be use: primary and secondary and on thebasis of that information get created by using questionnaire. Along with this, formulation ofvarious graphs and charts will enable management to make data in concise format which isessential for effective understanding. Along with this, software generated information also haveto take in account so that appropriate outcomes can be gain. TASK 11.1 Creation of plan for collecting data through primary and secondary sourcesEvery project requires to include several information which is helpful in making andattaining all success criteria of project. For this perspective, primary and secondary sources ofinformation get collected. Food for friends have to use proper framework which enable them incollection of data by including primary and secondary sources of content (Ford and Richardson,2013). Primary source: These are such sort of information which get collate through personalinteraction with another individual. These are reliable in nature and helpful to conclude abeneficial decision as well. The process is quite long but reflect a value on research. Aperfect plan for primary source of information is as below: ◦Time: Managers have to analyse all perspective and complete this research insufficient time frame. Food for friends have to take this factor in account and executethe task in an appropriate framework. 1
Business Decision Making Assignment Solution (Doc)_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Essay on Business Decision Making Report
|22
|4495
|71

Business Decision Making TASK 11
|19
|4800
|429

Design of questionnaire for business decision making
|18
|4378
|128

Design of a survey for business decision making INTRODUCTION 1 TASK 11
|18
|4673
|256

Business Decision Making : PDF
|18
|4665
|24

Business Decision Making Balti Palace
|18
|4471
|41