Business Decision Making

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