(DOC) Business Decision Making - UKCBC

Added on - 06 Jan 2020

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Business DecisionMaking1
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................31.1 Plan or schedule for collecting data from the students of UKCBC.......................................31.2 Survey methodology along with the sampling methods........................................................41.3 Questionnaire for data collection process..............................................................................5TASK 2............................................................................................................................................6a) Summary on collected data......................................................................................................6b) Data interpretation...................................................................................................................7c) Data estimation using dispersion.............................................................................................8d) Quartiles, percentile and correlation........................................................................................8TASK 3............................................................................................................................................9a) Data interpretation...................................................................................................................9b) Trend line method..................................................................................................................12c) Power point presentation on findings....................................................................................14d) Report on organization's performance...................................................................................14TASK 4..........................................................................................................................................14a) Information processing tools.................................................................................................14b) Project plan/ activity and critical path method......................................................................15c) Investment appraisal techniques............................................................................................18CONCLUSION..............................................................................................................................19REFERENCE.................................................................................................................................202
INTRODUCTIONBusiness decision making is a process for planning and forecasting further activities to beimplemented for organization's effectiveness. It is helpful for making decisions and preparingstrategies for adequate allocation of resources and fund as well presenting actual performance ofentity. The present report is based on understanding decision making tool for UKCBC to analyzecollege's quality services and students' satisfaction level. It is regarding to recognize differentcampuses and courses to prepare report for Quality Assurance Agency (QAA) that is coming infew next few months. Various data collection methods and sampling frame for questionnaire isto be described. In addition to this, measurement and estimations on data collection includingmean, median, mode, dispersion is to be expressed that affects decision making process forUKCBC. However, attractive presentation on students' views and organization's performance canbe presented through this assignment. Including this, several information processing tools are tointroduced for transferring and communicating information for decision making process. Besidesthis, investment appraisal techniques involving net present value, internal rate of return kinds ofterms can be presented that is essential to select appropriate project for further investment. Thus,learners are able to understand different aspects and significance of decision making process foroperating business activities in future time through this report.TASK 11.1 Plan or schedule for collecting data from the students of UKCBCData are the basic source of the research which plays role of raw material for the scholarin order to analyses about the research problem and determine solution about it. Due to suchreasons data collection is one of the highly important aspects in which different sources andtypes are to be used. At the present case study, performance of the UKCBC college reduces dueto declining number of students. For identifying causes and accountable factors for declining thecollege performance ion London current research is to be arranged and conducted. When talkingabout the data then there are basically two types of data like primary and secondary (Popovičand et.al., 2012). Those information which are gathered by researcher at the first time are calledprimary data whereas already published and analyzed data are when gathered then considered assecondary data. To collect primary data different sources are available like interviews,3
questionnaire, group discussion etc. On the other side sources of secondary data collection aresuch as publications, articles, journals, books, annual report of college, newspapers etc.In the current case, primary data will be collected by the scholar because it providesreliable and appropriate information about the problems. The source which will be used forgather primary data is questionnaire in which different questions will frame after considering theproblem of UKCBC. The questionnaire will be framed and then distributed among the studentswhich helps to determine their views regarding to the college performance(Craft, 2013).Thereason for selecting the particular primary data source is that scholar able to interact withstudents and assess facts and figures regarding the current problem of UKCBC college. On thebasis of the collected data from students the researcher make analysis about the accountablefactors and then frame strategy to attract higher number of students towards it.1.2 Survey methodology along with the sampling methodsIn order to conduct survey about the research problem then different methods areavailable there which helps to scholar for analyse in effectual manner. At the current study,online survey methodology will be used by the investigator in which farmed questionnaire willbe distributed using the online and internet. For this social media sites as well as direct emailsystem will be used for distributing and sending the questionnaire which takes very less time.Apart from this, feedback are also taken from students using the same method like online (Isik,Jones and Sidorova, 2013).Moreover, in the college there is huge number of students are available and among wholequestionnaire cannot distributed. For reducing such problem sample data are taken where somestudents are selected and then questionnaire will be provided in them. For sampling there aresimple random, cluster, convenience, stratified etc. methods are available which supports todetermine the sample data in appropriate ways. In the current study of UKCBC college researchuse simple random sampling method in which any type of the frameworks and parameters arenot there. Randomly the students are selected and then questionnaire are to be provide betweenthem at the current research. Further, through this method sample of 40 students is to be takenamong whole available within UKCBC college (Mulley and et. al., 2013).4
1.3 Questionnaire for data collection processResearcher prepares questionnaire consists of a list of questions to selected 40 studentsfrom different campuses of UKCBC. It is to identify college entity's performance and students'satisfaction level regarding quality services of organization. In this regard, preparedquestionnaire can be presented as:-Name:Class year:Section:Q.1 Are you satisfied with facilities provided by UKCBC?YesNoQ.2 How about college faculties' behavior with each students?Treats equal with all studentsSatisfied with all faculties' staffNeutralInefficientQ. 3 In your opinion, which of the following services of organization is attractive at most?Teaching servicesFriendly and positive environmentAdditional activities for overall development of studentsQ.4 According to you, is all campuses' students satisfied with facilities provided by collegeentity?YesNoQ. 5 In your opinion, is there enough books and sources of study material within collegelibrary?YesNoQ. 6 How about college entity's activities for physical and mental development of each student?5
Effective and friendlySatisfiedIneffectiveUnsatisfiedQ. 7 Comment on overall facilities provided by college.SatisfiedEffectiveUnsatisfiedQ. 8 Do you agree with the statement that organization almost satisfy its each student.AgreeStrongly agreeDisagreeStrongly disagree.TASK 2a) Summary on collected dataThere are different kinds of estimations created on collected data with differentrespondents. However, estimations on all views are generated including mean, median and modecan be expressed as:-Mean:-It is estimations for evaluating average of all information. However, all resultsare sum up and further divided with number of variables presented in all collected data(Mackie, Worsley and Eliasson, 2014). Therefore, proper estimation is created throughmean process. In this regard, all data are used to find the outcome as well properestimation.Median:-The overall collected data are spited into two parts that is quite easy tocalculate. In addition to this, median value is considers as certain for specific value in theoverall values of the series (Harris and et.al., 2016). Even if, data is incomplete in case offixed series, median can be determined as appropriate within all variables.Mode:-It is related to selecting data as used in frequency. In this regard, data used moreand more times are selected as appropriate estimation and selecting adequate value forfurther decision making and planning regarding UKCBC (Martinsuo, 2013). It is simple6
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