Business Decision Making - UKCBC
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Added on 2020-01-07
Business Decision Making - UKCBC
Added on 2020-01-07
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BUSINESS DECISIONMAKING
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................41.1 Create a plan for collecting data from students across all campuses...............................41.2 Present the survey methodology and sampling frame used..............................................51.3 Design a questionnaire for collecting the data.................................................................6TASK 2............................................................................................................................................92.1 Data summarisation..........................................................................................................92.2 The results of the survey and conclusions......................................................................102.3 Measures of dispersion...................................................................................................112.4 Use of quartiles, percentiles and the correlation coefficient..........................................11TASK 3..........................................................................................................................................133.1 Graphs.............................................................................................................................133.2 Trend lines......................................................................................................................153.3 Covered in PPT...............................................................................................................163.4 A formal report...............................................................................................................16TASK 4..........................................................................................................................................174.1 Using information processing tools................................................................................174.2 A project plan for the given project activity and the critical path..................................184.3 Financial tools for decision making...............................................................................19CONCLUSION..............................................................................................................................20REFERENCES..............................................................................................................................21
INTRODUCTIONDecision making is important whether it is an individuals life or business. It plays animportant role. In a business it is required to maintain the consistency which can be occurred bythe environment in which the business is operating. Decision making can be theoretical orpractical. A decision can be taken by assessing the things as well as collecting data to convertthat into an information by various methodologies. In this report the presentation of data byconducting a survey to present in various committee meetings of UKCBC(UK college ofbusiness and computing). The critical path analysis and the calculation of various factors whichcan effect the decision making on the operation of a business is illustrated in this project whichcould help the presenter to present it to QAA(quality assurance agency). There are two methodsto have a conclusion by the the method of collecting the data first is primary method and secondis secondary method. The proper usage of both the tools has to be done to have a information forthe decision making process of an organisation. So in this report all the tools of research toascertain and have a proper base to make decision is explained which will be represent to QAAteam which will be coming to UKCBC for reviewing the procedure.TASK 11.1 Create a plan for collecting data from students across all campusesData can be collected from the students by various means across the campus. There areseveral ways to collect the data (Aharoni, 2011). They can be used by the collector to have datafrom the students. These methods are listed as below:Questionnaire: A formal questionnaire to collect data from the students can be preparedregarding the relevant information which is to be collected from the students. Thisquestionnaire should have relevant questions which can be exactly used by the researcherto collect information.Feedback Forms: Feedback forms are prepared to know what opinion students actuallyhave about the different things in the college.Personal Observation: A person can be appointed to ask questions from the students andthe records of that data can be maintained by that person at the same time.
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