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Importance of Business Decision Making - PDF

Data needed for assignment of Unit 6 Business Decision Making DM, including a questionnaire and information for tasks 2 and 4.

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Added on  2020-01-07

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A company's future growth is dependent on its ability to make decisions. A business organization should consider many factors before making a decision including assets, liabilities, investments, etc. An organization can achieve its goals with the right decision-making because it can choose the best option for the organization by which the target can be reached. The report is based on TUI, an international tour and travel company.  From this report, you'll get the Importance of Business Decision Making for a particular organization.

Importance of Business Decision Making - PDF

Data needed for assignment of Unit 6 Business Decision Making DM, including a questionnaire and information for tasks 2 and 4.

   Added on 2020-01-07

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BUSINESS DECISIONMAKING
Importance of Business Decision Making - PDF_1
Table of ContentsINTRODUCTION4TASK 141.1 Data collection plan41.2 Survey methodology and sampling frame work51.3 Questionnaire6TASK 272.1 Various measures of central tendency72.2 Result Analysis82.3 Measurement of dispersion rate of tour92.4 Quartile, percentile and correlation coefficient9TASK 3103.1 Data analysis103.2 Trend line Graph133.3 Business Presentation133.4 Business report to develop new product13TASK 4144.1 Information processing tool for the launch of a new tour product144.2 Project plan and critical path154.3 Project evaluation method......................................................................15CONCLUSION.............................................................................................16REFERENCES..............................................................................................17
Importance of Business Decision Making - PDF_2
174.3 Project evaluation method18CONCLUSION19
Importance of Business Decision Making - PDF_3
INTRODUCTIONThe decision making is so important in the future growth of an organization. There are somany components on the decision should be taken by the authority of business organization suchas assets, liability, investment etc. The right decision-making can help the organization to achieve its objectives as it has to choose the best option for the organization by which the target can be achieved. This report is done on the basis of the TUI which is a tour and travel company and operating internationally. This report have survey methodology and frame of sampling that relates with the business(Bharadwaj, and et.al., 2013). The primary and secondary sources for data collection will be discussed in this report so acquiring modern products. The questionnaire will be done for knowing data about the customer like profile, preference, buying behavior. The data collection will be done from 90 customers and the study have analysis of that data. To makesure about the new tour products the calculation of mean, mode, median, standard deviation and the investment tools will be done in this report which leads to meet with the target effectively. TASK 11.1 Data collection planThe people of current generation are so very interested in exploring the world. They used to travelin different places, the attractive destinations. The tour packages that can attract the people are provided by various tour operators in the current technological generation. The basic needs of the customers, behavior, new trends in market should be known by the TUI to provide tour packages that can satisfy the customers, the data collection can be done by two way one is primary and other is secondary(Smith and et.al., 2017). Primary sources: It is the first hand data so the researcher collects the information for the specific subject matter. The reality of market trend, necessities of travelers can be identified by this tool. There are so many way by which the primary data can be collected such as interview, survey, observationetc. The major needs of customers has to be identified by the TUI to develop the more attractive tour packages for them and make sure that what are their expectations(Rasouli and Timmermans, 2014). The survey can be the best way to collect the details which can help to achieve the desired objective of the company. The communication between the researcher and customers can be done via email, social networking sites and other platforms. Questionnaire is helpful to get the same information about customer. The target population will be sampled as 90 customers, the individual will ask the questions to them. The questionnaire can help the customer so their feelings, needs, desires can be shared by this. The
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