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Case Study of Business Decision Making

   

Added on  2020-07-22

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BUSINESSDECISION MAKING
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Table of ContentsINTRODUCTION...........................................................................................................................1SECTION 1......................................................................................................................................11.1 Creation of plan to collect primary and secondary data........................................................11.2 Strength and Weakness of the survey methodology as well as Sampling methods...............11.3 design of data to collect the data from parents .....................................................................4SECTION 2 .....................................................................................................................................52.1 Present the data in a more comprehensible form...................................................................52.2 & 2.3 Average marks & Measures of Dispersion .................................................................62.4 Prepare a report interpreting and explaining..........................................................................6SECTION 3......................................................................................................................................73.1 Presentation of data through bar chart and pie chart..............................................................73.2 Presentation of data through scatter diagram.........................................................................93.3 Calculation of average weight of children and line of best fit.............................................10Section 4.........................................................................................................................................114.1 Methods of Investment appraisal with their respective advantages & disadvantages.........114.2 Project plan for the given scenario.......................................................................................124.3 Net present value (NPV) & internal rate of return (IRR) of the proposed project .............14CONCLUSION..............................................................................................................................15REFERENCES..............................................................................................................................16
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Table of FiguresFigure 1Pie Chart.............................................................................................................................8Figure 2Scatter diagram...................................................................................................................9Figure 3Line diagram.....................................................................................................................11Figure 4: Gantt chart......................................................................................................................13Figure 5: Network diagram ...........................................................................................................14
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Index of tablesTable 1: Frequency distribution of Marks.......................................................................................5Table 2: Descriptive statistics..........................................................................................................6Table 3: Number of Houses.............................................................................................................7Table 4Number of bedrooms...........................................................................................................8Table 5Age and weight of children..................................................................................................9Table 6: List of activities...............................................................................................................12Table 7: Initial investment & cost of capital..................................................................................14Table 8: Net cash flows (Amount in £’s).......................................................................................14Table 9: Internal rate of return ......................................................................................................14Table 10: Net present value (Amount in £’s).................................................................................15
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INTRODUCTIONIn order to expand the business operations in the new location as well as enhancing theoperational performances of the business there is need to make the adequate decision makingwhich in turn helps the organisation in following the path which gives the fruitful returns as wellas make the adequate changes in the operational functions of the firm. However, in context withlaunching the business at new location there is need to make the survey or research over suchplace as well as analyse the requirements of citizens who belongs to such locality. Hence, in thepresent assessment there will be analysis for Excellent school education Plc which are currentlyworking in the North London as well as facilitating the educational services to Affluentbackground students. Hence, the school is planning to make operations in new location at Surrey.The report contains various measurements and the surveys over individuals ate such locationssuch as Questionnaire and calculations based on data sets.SECTION 11.1 Creation of plan to collect primary and secondary dataPrimary data:Primary data is when first hand data is collected through survey. It is theoriginal data and hence is collected to serve a special purpose (Pettigrew, 2014). In this case,data is collected for the purpose of making assessment that whether opening a new branch ofschool in Surrey will prove to be beneficial for the development of school or not. Hence, datawill be collected through parents of children to assess that what requirements do they need in anew school that is not owned by the schools currently present in that area.Secondary data: It is the data that has already been collected by someone and can beused by the researcher as a base to conduct further research on it. Th data can be census,information that has been collected by government departments, record of the organization, etc.In the given scenario, collection of secondary research will be required by the researcher(García-Peñalvo and Conde, 2014). The data regarding number of school presently functioningin Surrey. Further, basic amenities provided by these schools and number of school goingchildren can be assessed through the secondary data of research (DuToit Steyn and Stumpf,2012).1.2 Strength and Weakness of the survey methodology as well as Sampling methodsA) Survey methodology:1
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In consideration with making the adequate surveys at various locations the Excellentschool education plc need to analyse the various survey methods in which they could become tohave the adequate data which in turn helps the business in making the adequate decision making(Sekaran and Bougie, 2016). However, the below listed table will help school in analysing thestrength and weaknesses of various survey methodology.Survey methodsStrengthWeaknessesQuestionnairesIt helps in asking theindividual to present theirviews and thoughts relatedwith the business expansionas well as promoting thebrand (Drucker, 2017).It helps in making surveysover market, location orindividual which in turnbeneficial in gaining theideas or fetching suchinformations relevantIt will be hard orcomplex in makingthe adequatedecisions.There will becomplexity in makingthe appropriatebudgets (Johnston,2017).InterviewsQuestions were prepared bythe professionals of schooland that will be presented torespondents with directinteraction.Obstacles in makingcontact to the targetrespondents.Long process and tooktoo much managerialtime.OnlineIt will be easy for theprofessional in analysingvarious blogs and articlesproduces by analysts(Jousilahti and et.al., 2016).High chances ofhaving irrelevant datafrom unauthenticatedsources.Door-to-doorIndirectly promoted thebusiness in market as wellIt will be timeconsuming and2
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