Business Decision Making of UKCBC Report
Added on 2020-07-23
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BUSINESS DECISIONMAKING
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Data collection plan from different sources..........................................................................11.2 Research methodologies used under this research................................................................21.3 Designing of questionnaire...................................................................................................3TASK 2............................................................................................................................................62.1 Data interpretation from the collected information...............................................................62.2 Results analysis...................................................................................................................102.3 Calculation of different ranges............................................................................................102.4 Benefits of quartile, percentile and correlation coefficient.................................................11TASK 3..........................................................................................................................................123.1 Data representation by using charts and graphs..................................................................12...................................................................................................................................................193.2 Trend line ...........................................................................................................................193.3 Covered PPT.......................................................................................................................203.4 A formal report....................................................................................................................20TASK 4..........................................................................................................................................214.1 Process tools used in project designing...............................................................................214.2 Network diagram.................................................................................................................224.3 Investment tools used by the company...............................................................................22CONCLUSION..............................................................................................................................23REFERENCES..............................................................................................................................24
INTRODUCTIONBusiness decision-making is one of the crucial part of any business concern by whichthey are able to make valuable decision regarding their day-to-day operations. It is said to bemost important part of any business those are associate with implementing appropriate strategiesso that management will attain its objectives (Barlett, 2016). It has been always found that everydecision-making leads to positive and negative impact on the growth and development of thecompany. Under this project report a research is conducted regarding students experiences andtheir satisfaction about UKCBC college. The project begun with a data collection plan by usingprimary and secondary sources by applying research methodologies. Under this researchquestionnaire are being designed in order to know students responses. The other part of the taskdiscuss about necessary calculation of arithmetic mean, median and mode. The results are beingpresented through various charts and graphs. At last different tools are used to make financialdecision and a network diagram is being drawn to find out critical path. All the research areconducted with the objective to make positive outcome from the students.TASK 11.1 Data collection plan from different sourcesIn order to make the project more effective a proper data collection plan is being deigned.It will help to make a research more accurate and in right direction so that goal are achieve in settime duration. It also help to influence students responses about their experience and satisfactionfrom their UKCBC college (Craft, Ford and Richardson, 2013). It comprises of various questionsthat are being answered by the students and also test the impact of research and find out bestpossible results from this research. The sources of data is being collected from interviews, filingquestionnaires, phone calls and personal observation from selected group of respondents.Location from which the research is carried out in different campuses of UKCBC college:Crickle wood campusLord house campusHolborn campusOxford street campusThe main location which is taken fro this research are from above mentioned colleges andit will take more than 5 weeks time duration to conduct proper research work. It will be helpful1
in achieving more accurate results and students feedback during the research (Frey, Schulz-Hardtand Stahlberg, 2013).For any research the most important part is fund that is use during this research process.Because without capital not any research work is possible. So regarding this research 2500pound to 5500 pounds will be required. These cost which are use in selecting skilled peoplethose are going to different campuses from research. So that proper estimation of cost is beingcalculated before organising any research.Under this project various methods of information collection that includes questionnaireand interviews that are related with research and related records are being prepared. Number ofquestionnaire is filled by selected group of students in order to get positive response from them.Sampling is done by using different means that are used in most of the campuses of UKCBCcollege. A sample size of 60 is being used under this research that are done from students andother staffs members of that college (García-Peñalvo and Conde, 2014).The data collection methods used is qualitative because personal interviews are donefrom selected number of groups those are being associated with research and from themquestionnaire are filled.The most important part of the research is that primary sources are used on prioritybecause the information collected from the students are fresh and it first time collected. Thechance of biasses is very less and most accurate results are produce. But to evaluate the datamore accurate secondary source are use in order to compare it from past records.1.2 Research methodologies used under this researchAs it has been observed that research is the journey to get some new information formany a kind of situation. It arises the curiosity of the researcher to find something that is notknown to them. To complete their survey they required a set of proper methodologies toinvestigate basics features and quality of that particular objects or any other things. It can bedone through evaluation of question and statistical data those are suppose to become big assetsfor the country as well as from individual prospective (Gigerenzer and Gaissmaier, 2011). Itconsist of hypothetical and practical knowledge from the study. The types of research are:Qualitative research: To analyse the in depth study from that particular research arecollected from students those are based on various facts and figures. From which quality2
of research is being so that most appropriate decision should be taken regarding anychange to UKCBC college.Descriptive research: It is used to depict the respondent in most accurate manner. Thereare mainly three ways to collect information like observation, case study and in-depthstudy of an individual or a selected group (Groebner and et. al., 2011).In this project two main research techniques used as: Interviews in following ways thatare explained below: Interview which is said to be that ways in which people interact with eachother in order to known their background and personal knowledge about the college. It is of twotypes: Face to face interviews that are done directly communicating with students in-front. Andother is focused groups it means from number of students various groups are being divided inorder to get their common reactions.2nd Questionnaire which is summarised with multiple choice option that are available tothe respondents. It can either be directly or indirectly.There are several methods of sampling is being used under this research work. Some of the are asfollows:Cluster sampling: Under this sampling framework a small group of people are dividedinto various groups from different number of respondents.Simple random sampling: In this sampling methods each units and or groups have equalpossibilities to being selected.Quota sampling: It is collected in order to make representative values from chosengroups. It is said to be opposite of random sampling.Stratified sampling: Under this sampling a population is divided into a smaller groupsthat is based on probability (Laudon and et. al., 2012).Systematic sampling: It is said to be that methods which are selected from large part ofgroups those are based on starting phase and a set measure of time duration.There are various methods of sampling framework and from which random samplingand quota are used under this research work because they are said to be the most appropriatesampling tools which will provide most appropriate results.1.3 Designing of questionnaireA questionnaire is a set of various questions those are having multiple choice option toanswer with their own choice. It is required to be filled with the objectives to reach out to3
definite outcome from the overall study. It is design in order to get information that what theythink about the college in their own perception (Maxwell Jeffrey and Lévesque, 2011). There arevarious types of designing questionnaire like open ended and close ended. In spite of that someof them are:Ordinal – polytomus, it is said to be that types in which options are available in order orsequence.Nominal – polytomus: Under this type of questions there are more than two option areavailable with the respondents. Dichotomous: In this types of questions there are only tow options available with therespondents.The objective of research questionnaire is to know about different students and other facultiesexperience and their satisfaction about UKCBC college.QuestionnaireQ1. In which campus of UKCBC college to do studying?a) Royal park campusb) Holborn campusc) Crickle Woodd) Oxford street Q2. Which age category you belongs ?a) 19 or youngerb) 20-25c) 25-30d) 30-40e) 40-50Q3. From below mentioned courses available in your college ?a) AATb) HNCSDc) HNHSCd) HNDBe) HNTTM4
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