(PDF) Business Decision Making - Desklib

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Business Decision Making
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Creation of plan.....................................................................................................................11.2 Survey Methodology and sampling frame use.............................................................11.3 Creation of questionnaire......................................................................................................2TASK 2............................................................................................................................................42.1 Summarise the data collected from the survey.....................................................................42.2: Analysis of outcomes of the research and draw proper solution.......................................52.3 Evaluating the data as measure of dispersion..................................................................52.4: Explanation about quartile, percentiles and correlation to draw appropriate solution.........6TASK 3............................................................................................................................................63.1: Various charts and graphs are prepared on the collected data.............................................63.2: Trend line analysis...............................................................................................................93.3 Poster...................................................................................................................................103.4: Formal report......................................................................................................................10TASK 4..........................................................................................................................................114.1 Roles and characteristics play by various information system...........................................114.2 Design of critical path and Gantt chart in order to estimate things.....................................114.3 Use of financial tools for defining better decision making.................................................13CONCLUSION..............................................................................................................................14REFERENCES..............................................................................................................................15
INTRODUCTIONThere are many of the businesses which are working in market and the common issueswhich they mainly face is decision making process which is being done on various kind ofresearch which in turn can mainly be conducted on several respondents (Bayne and Woolcock,2011). Company taken for this kind report is Marks and Spencer which is retail company dealingacross the globe. Research can mainly be conducted for gaining the response for number ofpeople to support in making up of new venture. Managers mainly frame up the plan and on thosegrounds data is being utilised to use questionnaire. On this basis, financial instruments willmainly analyse the feasibility of project.TASK 11.1 Creation of planBelow described are the information collection tool which is being estimated by theMarks and Spencer :Primary Data:This kind of factor mainly states that raw data which in turn has beenused for interpretation and give the support. This the primary source of data which helpsout in analyse the things in better and effectual manner with personal interaction process.Numerous methods are mainly considered under the primary method which are likequestionnaire, personal interview and many more (Ford and Richardson, 2013). This inturn can result in better level of dissemination of data.Secondary Data: Another tool which can be stated for supporting the views and definingthe aspects which is secondary source of data. In this kind of aspect, data is mainlyanalysed for taking the consideration for giving better definition to things. Recordsmainly includes profit and loss statement, cash flow and many more.1.2 Survey Methodology and sampling frame useSurveys are the major part of the research which includes the support in analysing thefactors in better and effectual manner. There are various kind of methods which are being neededto include in this report and give out beneficial outcomes. Basic survey methodologies which arebeing utilised for the current topic is described below:Survey method: This can be stated as one of the electronic source of data which in turncan give support for availing aspects like E-mail. This can be stated as modern kind of
survey method which can currently utilise many companies for deriving the stakeholdersmindset for effective judgement.Questionnaire: Another consideration in supporting the questionnaire which will not getorganised on vast individual and its surface area is limited (García-Peñalvo and Conde,2014). This has to be mainly understood at the execution time of project for determiningthe results which can be enhanced.1.3 Creation of questionnaireQuestionnaire can be stated as an approach within survey which helps out in taking outthe benefits attribution for the project. This in turn can mainly result in drawing the beneficialkind of outcomes for maintaining. There are 5 questions included in questionnaire with therandom sampling method upon more then 100 individuals.
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