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TASK 11 1.1 Survey methodology and sample framing used 2 1.3 Analysis of information 4 2.2 Use of methods of dispersion 8 2.3 Evaluation of the results 7 2.2 Analysis of information by use of dispersi

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Business Decision Making INTRODUCTION 1 TASK 11 1.1 creation of plan1 1.2 Survey methodology and sample framing used 2 1.3 Questionnaire2 TASK 24 2.1 Analysis of information 4 2.2 Evaluation of the results 7 2.3 Analysis of information by use of methods of dispersion8 2.4 Use of quartiles, percentiles and correlation coefficient 9 TASK 39 3.1 Presentation of graph to provide information9 3.2 Trend line 15 3.3 Covered in PPT 16 3.4 Formal business report16 TASK 417 4.1 Information processing tools 17 4.2 Analysis of

TASK 11 1.1 Survey methodology and sample framing used 2 1.3 Analysis of information 4 2.2 Use of methods of dispersion 8 2.3 Evaluation of the results 7 2.2 Analysis of information by use of dispersi

   Added on 2020-06-06

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Business Decision Making
TASK 11 1.1 Survey methodology and sample framing used 2 1.3 Analysis of information 4 2.2 Use of methods of dispersion 8 2.3 Evaluation of the results 7 2.2 Analysis of information by use of dispersi_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 creation of plan .....................................................................................................................11.2 Survey methodology and sample framing used....................................................................21.3 Questionnaire........................................................................................................................2TASK 2............................................................................................................................................42.1 Analysis of information ........................................................................................................42.2 Evaluation of the results........................................................................................................72.3 Analysis of information by use of methods of dispersion.....................................................82.4 Use of quartiles, percentiles and correlation coefficient.......................................................9TASK 3............................................................................................................................................93.1 Presentation of graph to provide information.......................................................................93.2 Trend line............................................................................................................................153.3 Covered in PPT...................................................................................................................163.4 Formal business report........................................................................................................16TASK 4..........................................................................................................................................174.1 Information processing tools...............................................................................................174.2 Analysis of critical path .....................................................................................................184.4 Financial tools in decision-making.....................................................................................19CONCLUSION..............................................................................................................................19REFERENCES..............................................................................................................................20
TASK 11 1.1 Survey methodology and sample framing used 2 1.3 Analysis of information 4 2.2 Use of methods of dispersion 8 2.3 Evaluation of the results 7 2.2 Analysis of information by use of dispersi_2
INTRODUCTIONDecision-making is important process of selection of best alternative from the largenumber of choices. Similarly, business decision-making includes the adoption of most profitableproject with the help of analysis of investment appraisal tools like NPV and IRR. Both thesetools contributes in determination of maximum return which organisation gets from their variousinvestments. Black friars restaurant provides their services in England having diversifiesbusiness activities like Banquet hall for wedding ceremonies, wine and beer tasting challenges,vegetarian, vegan and gluten free dishes (Aharoni, Tihanyi and Connelly, 2011). In the present report explain about, use of primary and secondary sources in creation ofplan, sample framing and survey methodologies, preparation of questionnaire, evaluation ofinformation by use of methods of dispersion, contribution of quartile, percentiles and correlationcoefficient to draw important conclusions. Also, use of information processing tools andinvestment appraisal techniques to enhance their decision-making.TASK 11.1 creation of plan Black friars restaurant is one of the best restaurant which provides their services inEngland. The main aim of management is to open as new branch in London. For, this purpose,they requires the viewpoints and feedback of customers about their services, food items, viabilityof their move. To attain such views two methods are used by researcher, primary and secondarysource of data collection. Such research also helps to know about the factors which are present inbusiness environment and the tastes of consumers present in London. This will enhance theirdecision making power to prepare appropriate strategies.
TASK 11 1.1 Survey methodology and sample framing used 2 1.3 Analysis of information 4 2.2 Use of methods of dispersion 8 2.3 Evaluation of the results 7 2.2 Analysis of information by use of dispersi_3
Primary source: It is most important method to collect real and first-hand informationfrom respondents. It is considered as much correct information which helps to know thepreferences and tastes of customers which helps to ascertain the overview of real situationprevail in London.Questionnaire: It is an instrument contains series of questions regarding researchpurpose and topics. Survey: This includes face to face interaction with respondents to gather their feedbacks.This also includes several questions but involves personal meetings with respondents.Online: This includes use of digital technology and social media to ascertain their view.It is fast and cost efficient in nature.Secondary source: Information collect from this source is second hand data whichalready published in newspapers and magazines. Such data is based on past performance ofBlack friars restaurant does not helps to ascertain view of public. 1.2 Survey methodology and sample framing usedThe main aim of Black friars restaurant is to research about market and collectioninformation from respondents in less period of time. For this purpose, required to select bestmethod to select respondents from population and use of best survey methodologies which helpsto ascertain correct information (Ferrell and Fraedrich, 2015).Survey methodology: This includes about selection of best method survey whichprovides optimum results. The management of Black friars restaurant decided to conductresearch by use of primary source of data collection method. To make it more effective,researcher prepare questionnaire which includes important questions regarding their objectives.To enhance their decision making, 10 questions are made which covers different aspects ofresearch.Sample framework: This includes the method which is used by researcher to selectrespondents. Different methods are available like cluster, stratifies, random etc. Researcher ofBlack friars restaurant decided to use random sampling method. By use of such method 40respondents are select from total population from which different questions are asked which areincluded in questionnaire. The main topic which is covered under questionnaire are:Viability of move to open new branch in LondonQuality of their existing services and food items
TASK 11 1.1 Survey methodology and sample framing used 2 1.3 Analysis of information 4 2.2 Use of methods of dispersion 8 2.3 Evaluation of the results 7 2.2 Analysis of information by use of dispersi_4
strengths and weaknesses of current business performances1.3 QuestionnaireQuestionnaire: It is considered as document involves important questions. Questionnairehave many advantages over survey methods like saving time, collect standardized informationetc. This helps to ascertain preference, behaviours, facts etc.QuestionnaireName:Age:Gender:Q1. Is it viable for Black friars restaurant to open new branch in London?YesNoQ2. Do you satisfy with the existing services of Black friars restaurant?Highly satisfiedSatisfactoryNot satisfiedQ3. What kind of dish you like most in Black friars restaurant?VegetarianNon vegetarianQ4. Do you think that Black friars restaurant has enough financial sources to start new branch? YesNoQ5. Are you satisfied with the quality of food items of Black friars restaurant?SatisfiedNot satisfiedQ6. Are you satisfied with the quality of banquette hall of Black friars?YesNoQ7. Do you think customers of London accepts the new project of Black friars restaurant?AgreeDisagree
TASK 11 1.1 Survey methodology and sample framing used 2 1.3 Analysis of information 4 2.2 Use of methods of dispersion 8 2.3 Evaluation of the results 7 2.2 Analysis of information by use of dispersi_5
Q8. Do you think diversified business activities helps to establish their market in new city?Yes NoCant sayQ9. Are you satisfied with the prices charged by Black friars restaurant for their services andfood products?SatisfiedNot satisfiedNo commentsQ10. What you want to recommend Black friars restaurant?TASK 22.1 Analysis of information Q1. Is it viable for Black friars restaurant to open new branch in London?ParticularsRespondentYes30No10Total40Mean20Median20Mode0Q2. Do you satisfy with the existing services of Black friars restaurant?ParticularsRespondentHighly satisfied25Satisfactory10Not satisfied5Total40Mean13.3333333
TASK 11 1.1 Survey methodology and sample framing used 2 1.3 Analysis of information 4 2.2 Use of methods of dispersion 8 2.3 Evaluation of the results 7 2.2 Analysis of information by use of dispersi_6

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