Business Decision Making in Balti Palace Restaurant : Report

Added on - 21 Jul 2020

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BUSINESS DECISIONMAKING
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Plan for collection of primary and secondary data................................................................11.2 Survey methodologies used under this project......................................................................31.3 Question designing................................................................................................................42.1 Survey from collected information.......................................................................................62.2 Data analysis.........................................................................................................................82.3 Data collected at various range with standard deviation......................................................82.4 Advantages of quartile, percentile and correlation coefficient.............................................9TASK 2..........................................................................................................................................103.1 Representation of data through various chart and graphs...................................................103.2 Trend line............................................................................................................................113.3 Covered in PPT...................................................................................................................123.4 A formal report presentation...............................................................................................12TASK 3..........................................................................................................................................134.1 Procedures that are used to present project plan.................................................................134.2 Presentation of network diagram........................................................................................134.3 Investment appraisal............................................................................................................14CONCLUSION..............................................................................................................................15REFERENCES..............................................................................................................................16
INTRODUCTIONIn order to manage the business in most appropriate manner there are various decisionthat have to be taken. Decision regarding various operation and functional department of thecompany is useful to increase productivity and performance in coming time. The main objectiveof any business concern is to make maximum profit with minimum cost. To make decision moreaccurate and correct various research planning is to be done. That will have both direct orindirect impact on the performance of an organisation (Groebner and et. al., 2011). To makeproper plan and strategies the researcher need to analyse best alternative to get success.Under this project a proper research is being conducted on Balti palace restaurant toknow about customer satisfaction regarding services offered to them. There are two of the mainsource of data collection is being used to collect information. Different sampling framework isbeing also used and on the basis of questionnaire various data analysis is done. To know theimpact on research several graphs and charts are drawn and at last various decision making toolare used in this project. Network diagram is being presented on assumption basis to know aboutbest possible path and financial tools used in deicide making.TASK 11.1 Plan for collection of primary and secondary data.In the way of data collection there are various aspects to be considered those based oncustomer reviews and there attitude toward services and quality of hospital provided by Baltipalace restaurant to there customers. It will be the great challenge for researchers to know theirviews by conduction a survey that consist of different questions that would help to know theimpact of research and analysis of desire outcome that are generated after completion of researchwork.There are two sources which help researchers to collect information like primary andsecondary (Vercellis, 2011). In primary sources data can be collected from asking questions, faceto face interviews and through personal observation. Likewise, other data like numerical andarithmetical information are being gathered from secondary sources. Under this research workdata is being collected by filling questionnaires form through numerous customers those arevisiting to Balti palace restaurant on regular as well as frequently. The sources used like phonecall, messages and group interviews and filling questionnaire.1
The locations of Balti palace restaurant that are covered under this research process are:Womb-wellDenbyBarnsleyWolverhamptonAbove location are covered for data collection about Balti palace service and there management.The research work is carried for more than 5 weeks from different areas in which this restaurantis located (Zsambok, 2014). In order to get desire outcome and response from several customersregarding their choice of food and services offered by restaurant are well planned andappropriate manner.For conducting any research project a huge capital is required to do so. Because it is themost important aspect for business to fulfil the requirement of the cash in research. Under thisproject at least 2000 is the minimum cost and maximum of 6000 pounds are required. These arethose cost which are needed to hire skilled and knowledges people for this research that theyrequire at the time of visit to other areas of Balti palace restaurant. So researcher need to keptthis things in mind that shortage of cash would lead to work failure.Different methods of data collection are used under this research which includesinterviews and questionnaire those are based on maintaining of records and document analysis.Sampling framework is the most important techniques used under the research that is used tocollect information after choosing best samples that provide information from selected groups.Under this project small group are created to get more positive results. Random sampling isbeing used to identified that desire outcome from this research. A sample size of more than 100are taken to collect information.Qualitative techniques of data collection is being used in this project research throughpersonal interviews and different forms of questionnaires are use as basic tool to collect datafrom selected groups of customers (Maxwell, Jeffrey and Lévesque, 2011). Both sources likeprimary and secondary data are being used to prepares a data plan. Because from primary sourceresearchers would collect first and fresh data from respondent and secondary data can used frompast available data.2
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