Impact of Technological Innovation on Queensgate Shopping Centre

Business Decision Making

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
A) Formulating plan for collecting data.................................................................................1
B) Survey methodology and sampling frame.........................................................................2
C) Designing questionnaire....................................................................................................2
TASK 2............................................................................................................................................3
A) Summarising the data collected from survey....................................................................3
B) Analysing results of the survey.........................................................................................5
C) Measures of dispersion......................................................................................................5
D) Usage of quartiles, percentiles and the correlation coefficient.........................................6
TASK 3............................................................................................................................................7
A) Producing graphs to draw conclusions..............................................................................7
B) Creating trend lines for minimum three years...................................................................7
C) Poster presentation.............................................................................................................7
D) Formal report for publication............................................................................................7
TASK 4............................................................................................................................................9
A) Different systems serve the various levels of management..............................................9
B) Constructing network diagram and critical path.............................................................10
C) Capital investment appraisal techniques to take decision...............................................11
CONCLUSION..............................................................................................................................12
REFERENCES..............................................................................................................................13

INTRODUCTION
Business decision-making is required in order to perform tasks in effective way. Present
report deals with analysing impact of technological innovations and advancements on
Queensgate Shopping Centre which is the biggest shopping mall situated in UK. From different
campuses of college, sample of students is taken to assess whether shopping habits of customers'
affect sales of business or not. For accomplishing this, plan for data collection is created,
sampling frame is used and questionnaire is prepared. The results drawn are analysed with the
help of presentation of graphs. Network diagram and critical path are formulated. Investment
appraisal techniques are calculated in order to take decision whether to invest in project or not.
TASK 1
A) Formulating plan for collecting data
The collection of data is required to achieve so that information can be obtained in the
best possible manner. This is needed in order to carry out various perspectives of people so that
information can be gathered and conclusions may be drawn in effective way. The data will be
gathered from the students of UK CBC to get desired results regarding the technological
innovation and evolution of multichannel shopping impacting on malls and high street shops in
UK. For accomplishing this task, primary and secondary data will be collected by researcher so
that better and concrete conclusion can be drawn with regards to objective of survey. The
primary data means that it is collected for the first time and not previously taken by any scholar
to conduct research. In relation to this, data will be gathered from students from all campuses by
circulating online questionnaires and duly asked them to fill the same and provide their opinions
within stipulated time frame. In conducting research, 20 students will be taken as a sample and
simple random sampling will be used (Yuniningsih, Widodo and Wajdi, 2017).
On the other hand, secondary data means that which is already gathered previously by
researcher and is again being used by different researcher for conducting research and draw
results in the best possible manner. With regards to this, it is also known as second-hand data as
the same had been already collected and used for another research as well. This data will be
collected from various publication, journals, articles, books and as such, information can be
gathered in effective way. Thus, this plan will help to get desired results within the shortest
possible time frame and research will be completed with much ease (Phelps and Wood, 2018).
1

B) Survey methodology and sampling frame
Survey methodology-
The survey methodology is the method to collect data in the best possible manner. This
will help UK CBC to analyse the impact of technological innovation on the malls and high street
shops with much ease. In relation to this, online questionnaires will be used to collect
information in effective manner from students. It is useful and fast method to gather information
and draw conclusion from the same. This will be achieved by taking respective mail ids of the
students from the administration department of campuses and as such, information will be
collected by issuing questionnaires on their mail ids. Thus, quick results can be obtained in
effective manner (Zavadskas, Antucheviciene, Turskis and Adeli, 2016).
Sampling frame-
The sampling frame is required so that information can be gathered within stipulated time
and no extra costs are incurred by the researcher. Moreover, simple random sampling method
will be used as it is one of the easiest technique to generate information with much ease by just
taking sample of population which is representative of whole universe and as such, this method
saves time of researcher to collect information in the best possible manner. In relation to this, 20
students will be taken as a sample and result will be extracted. It is one of the common method to
collect data in effective manner which is not time-consuming as well and effective conclusions
can be drawn with much ease (Zeng, Chen and Li, 2016).
C) Designing questionnaire
Questionnaire
Demographic information
Age
Name
Q1 Do you agree technological innovation is helping mall to achieve objectives?
 Strongly Agree
 Agree
 Disagree
 Strongly Disagree
 Neutral
Q2 Do you think sales are injected because of innovative techniques implemented by
Queensgate Shopping Centre?
2