Business Decision Making Project Report PDF 2023

Business decision Making

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
1.1 Planning creation for data collection................................................................................1
1.2 Present the survey methodology and sampling frame used..............................................2
1.3 Design a questionnaire for collecting the data.................................................................3
TASK 2............................................................................................................................................6
2.1 Summarise the data collected from the survey using representative values ...................6
2.2 Analyse the results of the survey and draw conclusions..................................................7
2.3 Analyse the data using measures of dispersion................................................................8
2.4 Explain how you can use quartiles, percentiles and the correlation coefficient to draw
useful conclusions..................................................................................................................9
TASK 3..........................................................................................................................................10
3.1 With the aid of spreadsheets produce graphs to help draw valid conclusions on the survey
..............................................................................................................................................10
3.2 Create trend lines in spreadsheet graphs to show the level of impact over a minimum of 3
year.......................................................................................................................................15
3.3 Prepare a poster presentation in class of your findings..................................................16
3.4 Write a formal report for publication in the Retail Times magazine.............................16
TASK 4..........................................................................................................................................17
4.1 Roles and characteristics play by various information system.......................................17
4.2 Design of critical path and Gantt chart in order to estimate things................................18
4.3 Use of financial tools for defining better decision making............................................20
CONCLUSION..............................................................................................................................20
REFERENCES..............................................................................................................................22

INTRODUCTION
Business operates in dynamic environment where chances of modifications are more in
tenure. It is really essential to include and evolve all such modify consideration better through
which chances of deriving beneficial gain could become possible (Barlett, 2016). Leaders and
managers need to perform their role and responsibility better through which chances of deriving
beneficial gain could become possible which further enable to maintain keen competitive
position. This project is based on WalMart which is one of a famous American retail sector.
Thus, with innovation and technological expansion frame negative influence on high street
shopping malls because presently individual prefer to purchase online rather than going to store.
Hence, business want to determine the impact on high street shopping malls of a company so that
better influence could be determine. Certain things will going to include in this project which
align with planning of survey so that beneficial aspects could be drawn. Along with this, it will
also going to define about summarisation of information properly by including gather data.
Although, various graphs and charts will also presented on the basis of data. Moreover, software
generated information enable in defining the things better.
TASK 1
1.1 Planning creation for data collection
Data collection process is not an easy thing which have to understand by managers of a
company better and proper in frame (Beach and Lipshitz, 2017). Data collected for a specific
purpose and consideration which need to understand by managers of a business so that they
could gain benefits in long period of course. There are mainly two kind of data collection
technique could be estimated out of which one is primary data collection process and another one
is secondary data collection process. WalMart have to understand these two techniques of data
collection properly so that they could manage their working in a signified and define manner.
Thus, appropriate and suitable plan required to craft in order to collect information from various
sources. Primary data collection: These are such sort of data which enable and support in
identifying the things which associated with raw information perspective. Business need
to consult this aspect in better frame where they could opt and consult with questionnaire
1

survey in frame. This will result in providing better working opportunities so that
beneficial gain could be estimated.
 Secondary data collection: Another aspect is secondary data collection which could be
consulted and derive through various books and journals (Blondel and Müller-Rommel,
2016). Business could go with their profit rate and cash flow statement as well so that
appropriate and suitable working could be done which further assist and support in future
consideration as well.
WalMart consult about primary data collection process in frame for which they need to organise
a suitable plan which enable them in gain and providing effective and beneficial attribute. The
plan for collecting data is as follow. Hence, in this aspect, suitable planning structure required to
followed up:
 Determine the problem (Impact of technology on high street shopping malls)
 Identify the source (Primary source)
 Methodology (Questionnaire survey)
 Sampling (40 respondents)
 Data collection
 Data analysis (Measure of central tendency and dispersion)
 Decision making process
1.2 Present the survey methodology and sampling frame used
Surveys are a core part of business and a project which provide and reflect beneficial gain
in aspect. Every cause get overcome once when suitable and appropriate factor could be utilise to
overcome (Drucker, 2017). There are various forms of survey methodology get determine for a
project which need to understand by managers of a company while consulting and doing the
research. WalMart want to come into online shopping aspect as well where they used to evaluate
things better. Thus, they want to determine consideration of various aspects for which
questionnaire survey will going to take place. In this consideration, various survey
methodologies get take place whom are define as follow: Survey Monkey: One of a major kind of survey tool which facilitate and enable in
designing and determining the better outcome is survey monkey. Here, management
could organise a survey through online aspect so that more and more individual aspect
could be estimated. This will result in defining beneficial attribute so that signified
2

outcome could be drawn. This survey method enable in organising things properly so that
effective and efficient gain could be drawn.
 Questionnaire: Another method which could be enable and facilitate in beneficial survey
is questionnaire. In this various questions get included in the project which have to
understand better so that beneficial attribute could be drawn. It is a set of questions and
variables on which various considerations get included and need to understand and
analyse through effective methodology like qualitative and quantitative.
Another thing on which WalMart survey need to cross their frame is sampling where
sample size required to get selected. Sampling also have certain number of aspects which need to
understand by a researcher properly so that they could maintain and manage effective working
aspect (Goleman, 2017). The certain kind of sampling method are describe as follow: Random Sampling: A random sampling method enable in analysing things better and
appropriate where selected sample size get done on the basis of random consideration.
All respondents determine whom do not have any kind of interaction with each other and
thus further simplify that things not went well in better and determined frame of
reference.
 Cluster Sampling: Under this method, sets and groups used to divide into equal and
suitable consideration so that appropriate data could be assess. This will result in
evaluating appropriate and suitable consent in frame which further enable in defining
things better and frequent in nature (Rao and Tilt, 2016).
1.3 Design a questionnaire for collecting the data
Survey expected to incorporates a few viewpoints and things which require fitting and
appropriate privacy of data. This segment need to consider by analyst legitimately with the goal
that they will increase gainful reactions. This poll is on WalMart for recognizing the effect of
innovation on high road shops and shopping centres. This incorporates 12 inquiries on 40
respondents with open finished, close finished and so forth sort of reactions:
QUESTIONNAIRE
Name:
Age:
Gender:
3

Email Address:
Phone Number:
1.WHAT IS YOUR AGE GROUP?18-25
o 26-35
o 36-45
o 40-55
o 56+
2.WHAT IS YOUR GENDER?
o MALE
o FEMALE
3.WHAT IS YOUR MAIN PURPOSE FOR USING INTERNET?
o SHOPPING
o WORK
o EDUCATION
o HOBBY
4.WHAT METHOD OF SHOPPING DO YOU PREFER?
o ON LINE
o DOOR TO DOOR
o TRADITIONAL
o BY PHONE
o AGENT
5.WHAT IS REASON BEHIND YOUR PURCHASE DECISIONS?
o YOU FEEL LIKE IT
o YOU NEED
o EASY TO USE
o IF ANY OTHER REASON
6.HOW OFTEN DO YOU SHOP ON LINE?
o FREQUENTLY
o REGULARY
4