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Business Decision Making of UKCBC

   

Added on  2020-07-23

19 Pages4266 Words44 Views
Business DecisionMaking

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Create a plan for collecting data across campus....................................................................11.2 Present the survey methodology used with appropriate sampling frame..............................21.3 Design a questionnaire for gathering information.................................................................2TASK 2............................................................................................................................................42.1 Summarise the data by using representative mean value.......................................................42.2 Analyse the results of a survey and draw valid conclusion...................................................42.3 Analyse the data by using measure of dispersion..................................................................52.4 Use of quartile and correlation for drawing beneficial conclusion........................................6TASK 3............................................................................................................................................63.1 Produce graphs for understanding of data.............................................................................63.2 Creation of trend lines for spreadsheet..................................................................................83.3 Prepare a power point presentation for findings....................................................................93.4 Produce a formal business report to QAA.............................................................................9TASK 4..........................................................................................................................................104.1 Use of software generated information in order to take beneficial decision.......................104.2 Prepare a project plan with critical path..............................................................................114.3 Use of financial information regarding investment.............................................................13CONCLUSION..............................................................................................................................14REFERENCES..............................................................................................................................16

INTRODUCTIONEvery right and appropriate decision supports business to grow and manage theiractivities at a large level (Ferrell and Fraedrich, 2015). Business is a composition of variousnumber of activities and operations which are needed to be executed in an appropriate andsuitable frame. It is important for the business managers to organise a study which lead toexpand operations. This project is based on UKCBC which is one of the famous colleges ofcomputing and business in United Kingdom. They need to organise an investigation foranalysing student’s experience and satisfaction so that better and appropriate judgement andmodifications in college will take place. This project needs to first plan for organising a surveyso that appropriate and suitable results are carried down. Once the information is gathered, itneeds to be analysed properly with suitable presentation so that appropriate understanding couldbe maintained. At last, before any investing activity, primary data not only provides satisfactoryconsent but financial aspects also need to be analysed properly for better and effective working. TASK 11.1 Creating a plan for collecting data across campusData is an important and essential factor for every big and right decision which is neededto be understood by the business managers properly so that appropriate and suitable gains couldbe managed and maintained (Ford and Richardson, 2013). Hence, before executing anyinvestigation or study, a major aspect is to create a plan for gathering information throughdiverse source. It enables in better and effective working so that appropriate and suitable gainscould be enhanced. In this consideration, primary and secondary source of information could be used.Primary data supports in gaining better and appropriate outcomes through personal interaction orinterviews by applying relevant and suitable methods according to the nature. On the other hand,secondary data has been collected through inspection of various books and journal articles.Hence, this project is based on UK college of business and computing whom want to evaluatetheir student satisfaction and experience which enables in make difference properly so thatfurther and suitable judgement lead to carried down. In such aspect, appropriate and suitable planfor collecting information through various sources is stated as below:Identify the cause1

Select number of respondentsChoose framework to evaluate aspectsDistribution of material for gaining responsesThis process could be followed by the Quality Assurance Agency so that views andopinions of whole campus could be disseminated properly and effectively. 1.2 Presenting the survey methodology used with appropriate sampling frameSurveys are essential consent of an organisation which are needed to be understoodproperly and effectively so that better and appropriate working could be promoted (García-Peñalvo and Conde, 2014). It is essential to include suitable and appropriate method forgathering data in order to improve working with accomplishing the set aim and targets. Each andevery single unit of survey needs to be confidential in nature as government already imposedvarious acts (Gigerenzer and Gaissmaier, 2011). With effective and appropriate survey, chancesof better and high effective gains could be encouraged. There are various survey methodologiesevaluated which are concerned with UKCBC and get adapted by QAA for better and effectiveworking. Various survey methods which can be used by Quality Assurance Agency are stated asfollows:Survey monkey: This is one of the techniques which can be used by QAA so thatappropriate questions will get framed and gets deliver it on phones as well as socialmedia accounts of many students. But this approach could not be used properly aschances of inappropriate information are high. Questionnaire: This method can be used by QAA for gaining suitable results. In suchrelation, various questions lead to get asked from individual which selected by applyingrelevant strategy. Thus, suitable and appropriate results will be analysed and gainedeffectively and properly. By applying the questionnaire survey on UKCBC students, all questions related withcourses, experience and satisfaction of them will be asked. Moreover, respondents get selectedon the basis of random sampling method so that better responses could be gained. 1.3 Design a questionnaire for gathering informationQuestionnaire is one of the approaches which can be used by QAA for gaining better andappropriate decision. UKCBC wants to evaluate satisfaction level and experience of students in2

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