Evaluation of Investment Proposals
Write a report on UKCBC’s Students Experience and Satisfaction based on a survey conducted by the Lead Student Representative.
23 Pages5030 Words79 Views
Added on 2020-02-03
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This report is on "business decision making". This report is drafted on UK CBC that offers educational services to students regarding Business and computing. The report will shed light on the experience and satisfaction level of students through the means of primary as well as secondary data. Further, it will also develop an understanding of the manner in which statistical tools help in generating valuable information from the data set. The report will also help in identifying the manner in which information processing and investment appraisal techniques help in decision making.
Evaluation of Investment Proposals
Write a report on UKCBC’s Students Experience and Satisfaction based on a survey conducted by the Lead Student Representative.
Added on 2020-02-03
ShareRelated Documents
Business Decision Making
Table of ContentsINTRODUCTION......................................................................................................................3TASK 1......................................................................................................................................3a. Collection of primary and secondary data..........................................................................3b. Designing survey methodology and sampling frame.........................................................4c. Presenting a questionnaire for primary data collection......................................................5TASK 2......................................................................................................................................7a. Summarizing data for decision making..............................................................................7b. Analyzing results to draw valid conclusion.......................................................................9c. Evaluating the measures of dispersion.............................................................................11d. Drawing framework for decision making by computing quartile, percentile andcorrelation co-efficient.........................................................................................................12TASK 3....................................................................................................................................13a. Producing graphs by using spreadsheet............................................................................13b. Creating trend line for analyzing pattern.........................................................................15c. Developing a power point presentation............................................................................16d. Preparing a formal business report...................................................................................16TASK 4....................................................................................................................................17a. Assessing information processing software that facilitates decision making at all level.17b. Preparing a project plan and determination of critical path.............................................18c. Evaluating the viability of investment proposal...............................................................18CONCLUSION........................................................................................................................20REFERENCES.........................................................................................................................21
INTRODUCTIONDecision making is the vital part of every profit and non-profit making businessorganization. In the strategic business environment, firm can attain success only when it takessuitable decision within the appropriate time frame. Hence, by using both statistical and non-statistical tools and techniques business unit can undertake strategic action that contributes inits growth and success. Moreover, statistical tools help in evaluating the large data set in ahighly structured way. This report is drafted on UK CBC that offers educational services tostudents regarding Business and computing. In this, report will shed light on the experienceand satisfaction level of students through the means of primary as well as secondary data.Further, it will also develop understanding about the manner in which statistical tools help ingenerating valuable information from data set. Report will also helps in identifying themanner in which information processing and investment appraisal tools helps in decisionmaking.TASK 1a. Collection of primary and secondary dataOn the basis of cited case situation, UK CBC wants to get information about theexperience and satisfaction level of students. The rationale behind this, college institutioncans suitable modifications in the existing framework only when they have idea about thestudent’s point of view. With the motive to fulfill the research aim scholar has taken decisionto gather data from both primary and secondary source. Primary data may be defined as onethat is collected by the researcher for first time specifically to meet research aim (Bickel andLehmann, 2012). There are several methods that provide high level of assistance to theresearcher in collection of primary data such as survey, focus group, observation etc. Datagathered through the means of primary data sources are highly reliable in nature and helps indetermining the suitable solution of issue. Further, secondary data is one that has gatheredand analyzed by other researchers. Hence, by making evaluation of books, journals andscholarly articles scholar can gather secondary data (Chen, So and Kuruoglu, 2016). In orderto carry out research more effectually scholar has undertaken below mentioned plan for datacollection:
Primary data collection: Survey technique has been selected by the scholar to gatherprimary data. The main reasons for the selection of survey technique are that it helps inextracting suitable information from respondents. In survey, respondents are not obliged todisclose their identity. Thus, by doing survey researcher can easily assess the extent to whichstudents are satisfied from UK CBC. To conduct survey, primarily researcher has selected 10students by using purposive sampling technique. Once, sample size and respondents havebeen determined thereafter scholar will frame questionnaire. Moreover, without havingquestionnaire scholar would not able to get suitable information from respondents. Byconsidering this, researcher will include questions regarding teaching staff, courseadvancement, classrooms and other facilities. In the next step, researcher will sentquestionnaire on the mail id of students and thereby become able to get suitable primaryinformation. Secondary data collection: To collect secondary data researcher will approachadministrative department of UK CBC record to get information about the views of alumni’s.Moreover, alumni’s have better idea regarding the quality of educational services maintainedby UK CBC. Along with this, to get deeper insight about student’s preferences while makingselection of college scholar will gather data via books, journals and articles associated withsuch topic. For this purpose, researcher will do internet surfing because Google contains widerange of information. In this way, by making evaluation of scholarly articles researcher willdevelop brief thesis for the data analysis section. b. Designing survey methodology and sampling frameSurvey methodology: When researchers take decision in relation to conducting surveythen they require selecting suitable method as well as tools for the same. Hence, by preparingsuitable methodology researcher can conduct survey in an appropriate manner. Saving costand meeting research aim within the suitable time frame is one of the main objectives ofresearcher. Hence, by keeping such aspect in mind online survey methodology has beenselected by the researcher (Gigerenzer and Gaissmaier, 2011). In this regard, researcher willprimarily collect information regarding the main-id of students from administrative office ordepartment. Thus, by sending questionnaire on the personal mail-id of students researcherwill gather data regarding educational facilities provided by UK CBC. Hence, by undertakingsuch methodology researcher can gather as well as evaluate data set within the time frameand thereby would become able to gain competitive edge.
Sampling frame: Sampling is highly concerned with the selection of subset ofindividuals who possess the characteristics of whole population. Effectiveness of survey ishighly dependent on the sample selected for this purpose. Hence, by using probabilistic andnon-probabilistic sampling technique researcher can determine suitable sample for the study.According to probabilistic sampling technique, researcher offers opportunity to eachindividual to being selected as sample (Ho, Xu and Dey, 2010). Simple random, strata,stratified etc. are the main example of probabilistic sampling technique. Under non-probabilistic technique, researcher selects sample according to the convenience level.Probabilistic techniques are highly effectual which in turn avoids biasness to a great extent.Hence, by taking into account such aspect 10 students have been selected by the scholar. It isthe part of probabilistic sampling technique that researcher has undertaken. Hence, byevaluating the experience level of students researcher can present the fair view of study. c. Presenting a questionnaire for primary data collection Name.......Age ........Batch no or year .....1. How do you rate the education services of UK CBC?Excellent ()Better ()Good ()Average ()Poor ()Q.2 Are you satisfied with the course curriculum set by UK CBC?Satisfied ()Highly satisfied ()Neither satisfied nor dissatisfied ()Dissatisfied ()Highly dissatisfied ()Q.3 Do you agree that teaching staff of UK CBC is highly skilled and competent?
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