Business Decision Making

This project report focuses on the importance of good planning and decision making in business, using the case of UKCBC College. It covers topics such as data collection, descriptive statistics, data analysis, and the use of information processing tools and investment appraisal techniques in decision making. The report provides insights into the challenges faced by students and the measures taken by the college to improve their experience and satisfaction.

Business Decision Making

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
a. Creating a plan for the collection of data.................................................................................1
b. Presenting survey methodology and sampling frame in the context of current research issue
.....................................................................................................................................................3
c. Designing a questionnaire for survey......................................................................................3
TASK 2............................................................................................................................................3
a. Summarizing data gathered through descriptive statistics via mean, mode and median.........3
b. Analyzing results of survey and drawing conclusion..............................................................3
c. Measures of dispersion............................................................................................................3
d. Calculating quartile, percentile and correlation coefficient.....................................................3
TASK 3............................................................................................................................................3
a. Producing graphs by using spreadsheets..................................................................................3
b. Creating trend line for assessing the pattern of student’s responses.......................................3
c. Preparing power point presentation for presenting findings....................................................3
d. Producing a formal business report.........................................................................................3
TASK 4............................................................................................................................................3
a. Analyzing information processing tools that help in decision making....................................3
b. Preparing project plan and determination of critical path.......................................................3
c. Using investment appraisal techniques for decision making...................................................3
CONCLUSION................................................................................................................................3
REFERENCES................................................................................................................................4

INTRODUCTION
For the success of any business it is necessary for it to have good planning and decision
making team. To compete in this world full of challenges, competitions one should have to be
good in the decision making. It provides us all the information about the UKCBC College is like
the knowledge of all the loops of the business to know all the things where the business is
lacking and performing not adequately on the competition with the other colleges. The
Employee's Development is necessary for the College in measuring the work performance of the
professors and the tutors. It helps students in building their career on the right path by motivating
them towards achieving the study goals.
This project report is based on UK CBC which is one of the leading college institutions
of UK. The innovative ideas from the employees make the new changes in the growth of the
UKCBC College, so the talented and skilled teachers are to be hired. The Technology
Advancement is to compete in this world the business should be upgraded with the technology
and it should have the capable employees who can make it advanced. There should be regularly
introduction of the new technology with the employees and the scholars who are working in the
College. In this, report will provide deeper about the manner in which researcher gathers data
and thereby resolves issue. Besides this, report will also shed light on statistical as well as
financial tools and techniques that aid in the decision making aspect. It also depicts the manner
in which information processing tool helps in simplifying the large data set.
TASK 1
a. Creating a plan for the collection of data
On the basis of cited case situation, UK CBC college institution wishes to get information
about the experience and satisfaction level of students. Besides this, higher authorities of college
want to assess the challenges that are facing by the students. Moreover, growth and success of
the college is highly influenced from the extent to which students are satisfied from the
educational facilities provided by college institution. Thus, to meet such objective UK CBC has
taken decision in relation to conducting investigation. In this, researcher is required to select
investigations type out of two such as qualitative and quantitative. Under qualitative

investigation, scholar makes assessment of theoretical aspects and thereby presents suitable
solution. Such investigation type is highly significant which in turn helps in developing future
hypothesis more effectually (Anderson and et.al., 2015). On the other side, in quantitative
investigation scholar makes assessment of numeric facts and figures to analyze the issue.
In this, qualitative investigation has been selected by the researcher which in turn helps in
evaluating the underlying facts and opinions more effectually. Thus, for getting information
about the satisfaction and experience level of students scholar will make assessment of
qualitative data set.
Besides this, data is the main input that researcher requires resolving issue and
developing understanding about topic. There are mainly two types of data that can be gathered
by the researcher such as primary and secondary (Corless and et.al., 2015). Primary data may be
defined as information that is gathered by the researcher for the first time to meet specific aim.
There are several methods through which researcher can gather primary data which includes
following:
 Survey: Researcher can gather data by conducting survey through the means of
questionnaire. In this, scholar selects some individuals from population by undertaking
sampling technique (Baldner, Longo and Scott, 2015). Hence, in survey, by sending
questionnaire to the respondents scholar gathers data.
 Observation: Under such method, researcher observes situation without approaching to
the respondents selected for the purpose of study. Hence, in such primary data collection
method respondents are is unaware from the purpose of study.
 Interview: In interview, researcher gathers data from the selected respondents by using
checklist according to the issue (Badri and et.al., 2015). Under such method, researcher
collects data by asking questions from selected interviewees.
All the above depicted tools are highly significant which in turn helps in collecting
suitable information according to the research issue which is going to be investigated. In the
present study, research is conducted by an investigator for assessing the experience and
satisfaction level of UK CBC’s students. Thus, for the collection of specific information survey
will be conducted by the researcher. For the purpose of gathering primary data researcher will

select suitable sample because due to having issues regarding time, financial resources it is not
possible to conduct study on whole population. Thus, by undertaking simple random sampling
technique scholar will select 30 students of UK CBC pertaining to Wentworth and Lord House
campus. Thereafter, scholar will prepare by including questions about study material, teaching
staff, infrastructure and other services that are offered by college institution. In this way, with the
help of questionnaire survey will be conducted by the researcher on the students of UK CBC.
The rationale behind the selection of survey method is that it helps in getting highly specific
information according to the issue. Thus, by organizing survey and sending questionnaire on the
mail id of student’s scholar will gather data.
b. Presenting survey methodology and sampling frame in the context of current research issue
c. Designing a questionnaire for survey
TASK 2
a. Summarizing data gathered through descriptive statistics via mean, mode and median
b. Analyzing results of survey and drawing conclusion
c. Measures of dispersion
d. Calculating quartile, percentile and correlation coefficient
TASK 3
a. Producing graphs by using spreadsheets
b. Creating trend line for assessing the pattern of student’s responses
c. Preparing power point presentation for presenting findings
Enclosed in PPT.

d. Producing a formal business report
TASK 4
a. Analyzing information processing tools that help in decision making
b. Preparing project plan and determination of critical path
c. Using investment appraisal techniques for decision making
CONCLUSION

REFERENCES
Books and Journals
Anderson, D. and et.al., 2015. An introduction to management science: quantitative approaches
to decision making. Cengage Learning.
Badri, M. and et.al., 2015. Mexiletine Prevents Recurrent Torsades de Pointes in Acquired Long
QT Syndrome Refractory to Conventional Measures. JACC: Clinical Electrophysiology.
1(4). pp.315-322.
Baldner, C., Longo, G. S. and Scott, M. D., 2015. The relative roles of drive and empathy in
self-and other-focused financial decision making. Personality and Individual Differences,
82. pp.7-13.
Corless, L. and et.al., 2015. PTH-109 Hepatocellular carcinoma: opportunities in primary and
secondary care to improve patient outcomes. Gut. 64 (1). pp.A456-A456.