BUSINESS DECISION MAKING INTRODUCTION 1 TASK 11
Added on 2020-07-22
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BUSINESS DECISIONMAKING
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Data collection through different sources.........................................................................11.2 Research methodologies and sampling framework used in the research ........................21.3 Design a questionnaire from collected information.........................................................3TASK 2............................................................................................................................................52.1 Summarising the data collected from research ................................................................52.2 Analysis of the outcome...................................................................................................72.3 Measure of dispersion.......................................................................................................82.4 About quartile, percentile and correlation and coefficient...............................................9TASK 3..........................................................................................................................................103.1 Presentation of data through various charts and graphs.................................................103.2 Representation through Trend line.................................................................................113.3 PPT.................................................................................................................................133.4 Formal report from research conducted in UKCBC college..........................................24TASK 4..........................................................................................................................................254.1 Processing tools used at various level in organisation...................................................254.2 Presentation of critical path through provided activity..................................................264.3 Using financial tool for decision making.......................................................................27CONCLUSION .............................................................................................................................28REFERENCES..............................................................................................................................29
INTRODUCTIONBusiness decision making is an important aspect of any business that help them to takecorrective decision regarding success organisations. The motto of organization can be fulfilledthrough implementing effective plan to achieve research objectives. Under this project report as arepresentation appointed by the committee to know about experiences of students and younggeneration about UKCBC college. So with this regard a proper research survey through collecting data from variousrespondents (Ariely and Berns, 2010). Basically, business is mostly depend on effective decisiontaken by company to achieve its set vision and mission. It is an important part for any businessconcern to manage its business in such a way to increase the performance and stability of itsexistence in coming year. The report summarise of various task which are began with conductingsurvey through various sources like primary and secondary. Research is done by filling questionnaire from students of UKCBC college. In the middlephase of report talks about athematic mean, median and mode form the data collected. On thebasis of which different charts and graphs are being prepared. It also incudes a formal report onthe basis of data collected from the students and staff's. In the last part it consist of variousfinancial tools those are help in taking appropriate decision. A network diagram is beingdesigned from the given information and evaluated on that basis. All analysis is based on properevaluation of data regarding UKCBC college.TASK 11.1 Data collection through different sourcesA plan is a detail document that exact various steps as well as the series that need to beconsidered collection of data in the provided research. An effective decision can be use to avoidvarious mistakes and errors those are arises because of improper implementation of resourcemethodology. so there are different sources which are available with the researcher to evaluatedata in proper manner (Casadesus-Masanell and Ricart, 2011). Primary and secondary data aremainly two sources that are use to college information regarding youth reaction about theirexperiences with UKCBC college. There are various aspects to be considered such asenvironment, faculties and eduction level. Data collection Plan
There are two ways through which data can be collected one is from :Primary sources: Under this method various perception of students and their interest inmeasuring their college reputation by asking various questions, conducting interviews andpersonal observation (Chang, Van Witteloostuijn and Eden, 2010). As the data would becollected for the first time chance of biasses would be less. Secondary data: It is an other way of data collection which done through using collegepast data those are in the form of numbers, graphs and charts. Statistical data are used in thisresearch project. It saves time and cost of researchers because they are being already used byother person. Such as literature, evidences and historical information or any past records.So, both the sources are important but primary sources are more accurate because theyare collected first time so it will be free from biasses. Likewise, secondary data are just beingtaken as supportive to compare past results with present outcomes. The sources of data collectionwould be UKCBC college campus, that will include CSR, eduction level and study atmosphereand many other aspects.The survey will be conducted so that data can be collected and for that questionnaire hasbeen selected in the present case. In this set of questions will be asked from 60 students from allthe five campuses of the college. This will be used as by the use of questionnaire, accurate datawill be collected. In this funds will be required for which the budget is made at 4000 pounds andwill be conducted for one year.1.2 Research methodologies and sampling framework used in the research “ Research is based on entirely student experiences and their satisfaction about theirUKCBC college. It contains their thought and comments regarding college environment.Regarding that a data collection plan is being designed by using various research methodologiesand sample framework”.Research methodology: These are used as application of numerical data or informationthrough adopting various plan and methods to attain aims and objectives. It help to identified thebenefit and limitations of research those are applied in above mentioned data collection plan. Themain objective of research methodologies is to know the implication of survey about UKCBCcollege. It help to identify various findings that would help to rectify the mistakes and takeappropriate decision (Gigerenze and Gaissmaier, 2011).
Sampling framework is used to know about the reaction of people and their behaviourtoward research conducted over UKCBC college. Mainly it has being used from two ways one isquantitative and other is qualitative sampling. If everything goes well in this process then properresearch would be conducted accordingly. In this there are various methods by which samplewill be chosen and they include Quota, stratified, cluster, simple random and stratified sampling.The best among them will be used by college. Random sampling is being used from the group ofpeople or students who are interested in providing information about their college easily. Theresearch begun with filling questionnaire from numerous students and staff's. Taking on to oneinteractive session or by personal observation.From the above use techniques in conducting research methodologies it will be helpful inreceiving appropriated results from applying various techniques and tools (Ho, Xu and Dey,2010).1.3 Design a questionnaire from collected informationQuestionnaire is the most commonly used methods of the research in which the responsesof the sample will be collected with the help of the set of questions of which they will have toprovide the answers. The same has been drafted here in which the views and behaviour of thestudents in relation to the college will be identified. This will be provided to the chosen sampleof 60 students.Research Questionnaire: Student experience and their satisfaction from their UKCBC college.Name: Age group: 18 to 45Year: Occupation: a) Student () Q1. You are belong to which campus of UKCBC?a) Park Royal Campusb) Lords House campusc) Oxford street campusd) Cricket wood campuse) went worth HouseQ2. For which course, you have enrolled for?
a) Travel and tourismb) social carec) Accountantd) Business managementQ3. Does the atmosphere of the UKCBC college was favourable ?a) Yesb) NoQ4. What is the best about UKCBC college?a) Coordinative staff'sb) Classroomc) Study atmosphered) Safety and securityQ5. Does the attitude of faculties acceptable?a) Highly Acceptableb) Acceptablec) NeutralQ6. Does the satisfaction level of students to their college effective?a) Extremely satisfactoryb) Slightly satisfactory c) Satisfactoryd) Not satisfactorye) NeutralQ7. What you gain most out from the college?a) Skill and knowledgeb) Personality developmentc) Positive attitude
d) learning techniquesQ8. Does the safety and security of students maintained by the college?a) Highly maintainedb) Maintainedc) Not maintainedQ9. Does the college experiences will help?a) Very helpfulb) helpfulc) Slightly Unhelpfuld) UnhelpfulQ10. Is any kind of way to improve performance of UKCBC college. If yes please provide ?Ans.................................................................................................................................................................................................Q.11 Additional comments and feedback. If any?Ans...........................................................................................................................................................................................................................................................................................................Thank you for your valuable time to complete this questionnaire.TASK 22.1 Summarising the data collected from research The research is conducted from primary sources through filing questionnaire fromvarious respondents. Now it will be summarised it into percentage which will help in makingdecision about correcting mistakes (Kahneman, Lovallo and Sibony, 2011).Table: 1 Descriptive statistics
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