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Research Report on Business Decision Making - doc

   

Added on  2020-06-05

21 Pages4419 Words48 Views
Business DecisionMaking

INTRODUCTIONDecisions can be taken by the firm after having extensive research. But before going tomake certain research, there is a strong need to make certain things which could be made out inorder to render effective services (Goodall, 2014). The business decisions help a firm in order tomake certain decisions effectively. Under this research, the UKCBC College students experienceand satisfaction is presented to the Quality Assurance Agency. However, this could be said thatthe researcher needs to adopt this by using their business plan in an effective manner. there arevarious ways by which the researcher can gather the data by using primary and secondarymethod. However, this can be said that this is totally based on the researcher data requirementneeds. But there is a strong requirement which are required to know through primary data andsecondary data methods. TASK 11.1 Produce a plan for gathering of data:The data collection technique is the most crucial manner which are required to make theircertain tools effectively. Information could be made in order to satiate information which arerequired so that the management could make out their strategy in a the most effective manner.The data requirement need is totally based on the researcher mood as he gathers data accordingto their need (Gaillard, 2014). Normally, this can be said that there are mainly two maininformation gathering channel which are required to make in order to make decisions. But beforegoing to gather the data, there is a need to know about what kind of research tool is required tocollect the data. This are defined in details:Primary research: This is the research tool which is made for the first time in order tomake information. The data via using this tool can be collected so that they could build aneffective strategy. Although, the company needs to make certain tools that can be used by thefirm in order build effective decisions. However, this can be said that the reliability of the data isat the highest level. Management by using this research method build information which wouldfurther makes decisions in an effective manner. The management needs to use this research toolwhich would further helps out to make effective business decisions. As this can be said that thedata gathered by using this tool is having high reliability in terms of data. There are various toolswhich are used in order to collect the data by using this tool. Some of them are: telephone,1

interviews, survey, observation and others. but there is also have few drawbacks. One of them isthat this needs huge capital while gathering the data from the marketplace. Henceforth, this isonly possible if the data requirement is less.Secondary data: this is the research tool which is already used or published. If theresearcher is going to gather the data by using secondary data tool, then it becomes very easy toget the data and make the information useful for making business decisions (Franks and et. al.,2014). Under this, various sources through which the secondary data can be gathered, some ofthem are: books, journals, and other published information. This research is known as the deskresearch. this covers data collected through library, internet or the survey. The crucial thing is that to have the raw data which can be used for evaluating,implementing and storing the data in order to ensure higher safety. But before going to collectthe data, researcher is needed to face various following issues that are needed in order to gatherdata about the research.1.2 Survey method and sampling framework:Survey method is used by the researcher in order to collect the data. Information iscollected by the young generation about student experience and satisfaction, for gathering thisreport, this has been observed that the primary research is needed to convene that are going tohelp for framing research (Delen, 2014). This can most important that the representative of thecited college to determine about must be seen, behaviour and perception of the whole studentswhich reflects the UKCBC college. Before going to gather the research, this is needed to knowabout the students from whom data is collected. As per this case, research is required in order tomake certain tools that would help out to make decisions. In research method, this can be saidthat various aspects are discussed and they are defined in details:Rational ofstudy: This covers the most important and valid evidence which are renderedin link up to the researches in order to attain few advantages out of it. The crucial aspects whichis required to be concentrates while making any kind of surveys is that they ensure any kind ofliterature gap which falls between the last and current information. If this is found, then in thatcase it is requires to be reduced (Cash Flow,2017). There could be so many problems which areneeded to face out at the time of procedure for convening research analysis. This is rightlyobserved that by doing surveys this can be sorted out. However, professional growth could be2

attained by convened by doing rational research analysis, that would have adopted as this is theassistive step for development in the long term.Sampling Framework: Sampling method is method via which total respondents isadopted from the total population in order to get the valid framework can be made. For doingresearch via using sampling framework, a sample size is needed to be taken as 200 respondentswhich are current in the UKCBC college (Chen, 2014). The is the most effective and convenientmethod via which survey can be framed out. The data which is gathered by doing survey throughsampling method will further applied for making the decisions in an effective manner. Underthis, the researcher can an appropriate decision which would be made so that the business cangain the sustainable development.1.3 QuestionnaireThis questionnaire covers various questions which are related to the students’ experience andsatisfaction. Under this research tool, random sampling is used and data is gathered bysubmitting this questionnaire to the respondents who are from the UKCBC college for knowingtheir view points about their experience and satisfaction. This survey is done on 200 respondentswho are from the cited college.Name:Course:Campus belonged to:Q.1 In which age category, you fall?20 or younger20- 2525-3030-4040-5555 and aboveQ.2 Which is your ethnicity?AfricanAsianNative AmericanOther3

Q.3 In which stream you are studying in the cited college?HND BusinessHealth and Social careTravel and tourismITOtherQ.4 Are you single?NoYesQ.5 How did you get to reach at UKCBC college?Started college at UKCBC Park Royal Transfer from other campusQ.6 How do you bear your college expenses?By earning YourselfParentsGrants or loansOtherQ.7 Do you think that the college provides best amenities in the college?YesNoQ.8 Give rating within the range starting from 1 to 5 on health and safety provided by thecollege?0 - 11-22-44-5Q.9 Currently, in which year you are studing?First yearSecond yearGraduateQ.10 What is your duration of the time. (in years)?4

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