Business Decision Making- Doc

Business Decision
Making

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
1.1 Data collection from different student across.......................................................................1
1.2 Survey methodology and sampling framework used............................................................2
1.3 Questionnaire for collecting the data....................................................................................3
TASK2.............................................................................................................................................5
2.1 Investigation of data collection that are gather from research work.....................................5
2.2 Analyse the result of Survey.................................................................................................7
2.3 Analysis through measure of dispersion...............................................................................8
2.4 Use quartiles, percentiles and the correlation coefficient.....................................................8
TASK 3 ...........................................................................................................................................9
3.1 Various charts and digram to show the result. .....................................................................9
3.2 Trends lines analysis...........................................................................................................14
3.3 presentation.........................................................................................................................15
3.4 Final report to QAA committee..........................................................................................18
TASK 4..........................................................................................................................................19
4.1 Appropriate information processing tools. .........................................................................19
4.2: Critical way examine and Gantt chart................................................................................20
4.3 Utilisation of financial tool for decision making................................................................21
CONCLUSION..............................................................................................................................22
REFERECNCE .............................................................................................................................23

INTRODUCTION
In today world, every business wants to grow and expand at globe level and this can be
only happen by making effective decision. It is observed that whole business is depend on right
decision of entrepreneur, that help in performing business activity for achieving predefined
goals. Under this report, as a leader of student group in UK collage of business and computing a
plan is structure from a basic survey from different student (Bayne and Woolcock, 2011). The
information is collected from various sources and summit the report to QAA team that will
review the data about student preference.
In this report, different tasks are covered, that are linked with functional unit of business
decision making related to UKCBC. Survey research is conducted from various sources about
the collages the determine the reviews of student and other member and their satisfaction level.
Report shows different calculation of mean median and mode with the use of graphs. At last it
shows NPV and critical path that help in ascertaining the minimum time needed to perform a
task.
TASK 1
1.1 Data collection from different student across.
To do a proper research it is very important to include all relevant factor and consider the
most dependable investigation. It is very important for researcher to involve every facts and
number that are related to the research and gives the best result at present time. In research,
different information in gathered from various sources including campuses of college from
young students etc. with the help of different data collection process. Primary and secondary
sources through which relevant data is collected and analysed that is described below:
Primary sources: This sources are referred to be the first information collected directly from the
clients. Gradually, research itself collect the information that is free from any false statement and
this data is commonly real time data. This collected information is basically based on
experience and observation of researcher itself. Some of the basic aspect of primary sources that
are explained below:
 Interview: This process is related to an effective interaction with an individual to
determine the actual result. The outcome are different as every student in college have
different set of mind and preference toward facilities and services.
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 Questionnaire: This is related to multiple choice question that is been asked to different
student. It is an effective research technique that help in getting most appropriate result.
Secondary source: According to this data source the previously collected data is used by the
researcher for determining result (Goodwin and Wright, 2014). This data set is basically used
for making comparison of actual data from the past data that is used in college. The different
secondary sources of collecting data are published statement, journals and article etc.
A plan for collecting data is one of the most significant approach, as it help in gathering
and measuring the various sources of data in order to get best result. The plan has the following
structure that is to be followed while doing research:
 Too narrow: Under this method only answers are in Yes or No format.
 Too broad: This technique requires lot of time and it is not easy to have a lengthy paper
discussion.
 Too simple: This can be done by researcher without making unique collection of data.
To conduct a research there are certain basic principle that are to be consider while
making question:
 Authentic: The real aspect is taken into consideration so that question must be real and
deliberate.
 Outlook: It is related to the knowledge of the individual from whom the question are
already asked.
It is clear that primary source of data is more useful for conducting a study as it will gives
the new and unique ideas and reviews about UKCBC. Similarly, secondary data is already
available with the management that helps them in making comparison with the primary data
collected presently. Researcher collect data by asking various question and taking interviews
from different students and other staff member from UKCBC college. The data is collected from
60 respondent from college. It is collected from those individuals who are helpful in giving exact
information about college.
1.2 Survey methodology and sampling framework used.
In respect to make effective research, the researcher is responsible to make an effective
decision and need to figure out the important factor from the research. A survey is consider to be
a method for asking question from different people that help in getting a most reliable result. In
this survey is conducted upon different student about their experience and satisfaction regarding
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to the service of college. There are different types of research methods that are taken into
consideration for making most appropriate resources for UCKBC (Griffin and Moorhead, 2011).
There are explained below:
Applied research: According to this method the research is done to determine the
different outcome for various problem that are faced by student in a period.
Descriptive research: It is related to the method that describe the characteristic of the
population that is being studied. According to this method the main concern of researcher is to
tell the student of college the subject of survey.
Quantitative research: This method means the measurement of values that are based on
the student review about the services of college. This is consider to be the most effective
application that is explained with the help of total number with quality.
In this survey, researcher have applied quantitative research method to gather information
from student. This help them in collecting accurate information so that better result are
determined.
Sampling method: To make future decision in an appropriate manner researcher
consider the sampling method as it gives exact and actual result. So while doing a certain
research it is very important to make the proper use of sampling tool and techniques. In college a
total number of 60 student are taken into consideration. Some of the important method of
sampling are described below:
 Random sampling: This is consider to be most effective and crucial method of
sampling that help researcher to take thing that are more reliable to give the best sample
about college. In this method each student have an equal chance of being selected and
become a part of sampling.
 Cluster sampling: In this method an individual or group of people are selected and they
are divided in similar part so that outcome can be better that further support in achieving
goals. Similarly student are divided into equal group so that better result are made in
accordance to quality about services provided within college.
 Quota sampling: This sampling method is used to develop associate value within the
selected team as they all are part of random sampling method.
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