Report on Business Decision Making- Brit college

Added on -2020-02-12

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BDM
Table of ContentsINTRODUCTION ..........................................................................................................................3TASK 1............................................................................................................................................31.1 Plan for collecting the primary and secondary data..............................................................31.2 Survey methodology with sample framing...........................................................................41.3 Questionnaire for Brit college...............................................................................................4TASK 2............................................................................................................................................52.1 Graphical representation.......................................................................................................52.2 Interpretation of 2.1...............................................................................................................72.3 Analysis ................................................................................................................................73.1 Line and bar charts with valid conclusion.............................................................................83.2 Trend line............................................................................................................................103.3 Covered in presentation.......................................................................................................123.4 Formal business reports with recommendations.................................................................12TASK 4..........................................................................................................................................134.1 Tools and techniques in support decision making..............................................................134.2 Project plan..........................................................................................................................13...................................................................................................................................................15...................................................................................................................................................15...................................................................................................................................................164.3 Company cash flow.............................................................................................................16CONCLUSION..............................................................................................................................18REFERENCES..............................................................................................................................18
INTRODUCTION Business decision making is an important factor which helps in the day to day functionsof the management through which all decision are taking and it promotes the accuracy of most ofthe determination of the management. With the help of this the information is gather in the formof statistical format. Along with this there are two major sources which are helpful in collectingthe different arrangement through various origin. The purpose of this report is to providenecessary information to Brit college in which primary and secondary source of information isused. Along with this sampling is also taken into account for making the result effective andbeneficial for an cited case. Moreover some additional information are become more interestingwith the help of using bar graphs, charts and trends lines through which calculation and taskresults become effective.(Babuand et. al., 2012).TASK 11.1 Plan for collecting the primary and secondary dataThere are different sources which are helpful in creating a plan which helps the Britcollege in making the decisions effective. The two major sources are primary and secondarysource of information. The elaboration of these two points are as follow:Primary sourceSecondary sourceThis source of information get collected bydirect interaction with people. It helps inmaking the outcome effective.The data which is collected with the help ofbooks, journals etc. is come under the categoryof secondary source. Preparation of questionnaire is an anotherfactor which helps in the collection of primarydata. The articles are best source of data analysisbecome easier because it is based on postresearch.In this present case study data is collected withthe help of preparing questionnaire. Also various articles, journals and books aretaken into consideration which becomeimportant facts in data collection.The basic purpose behind conducting thisresearch form is just to make the resultaccurate and reliable. The reason behind gathering data throughsecondary source is just make data collectioneffective. The more the trustworthy information increaseSecondary data helps in achieving the targets
the chances of achieving targets in minimumtime period. in appropriate time period. That's' why it isimportant form in research consultation. 1.2 Survey methodology with sample framingIt is a type of data collection technique which helps in getting the information from apopulation(Bunnikand et. al., 2010). It is helpful in making the result effective. Although it is getcollected from various sources which helps in getting the opinion of different group of people. Itcan get with the help of preparing questionnaire which further become data that can be analysedstatically. The person who reply on the survey is the respondent. In this assignment questionnaire method is used which helps in making outcomebeneficial. Many questions are going to asked from respondent and they answer such questionsin corrective manner. Such answer are further convert into data format which helps in betterunderstanding of research. There are basically two types of sampling: 1.Probability sampling: It can be said as the representative sampling through which thewhole information is attain from the population or the group of people. It is examine thatsuch data is valid and reliable because the whole content is based on some group whichare selected. Now, probability sampling also have two types:a) Random: According to this sample methodology it signifies that information is get collectedthrough some group of people which are selected on random basis. It helps in reduce the biasfrom survey methodology. Hence, it is one of the important fact which helps in making thecollection of information easy and acceptable(Cunliffeand et. al., 2010).b) Stratified sampling: According to this technique it leads in selection of a group, social classetc. This helps in making the outcome which is depend on some group of people. 2.Non probability sample: It is said that some samples are not based on representativesampling are less desirable than probability sample. It is an expensive method alongwith this it also take some more time than probability sampling.In this case assignment random sampling is used which helps in gathering the datathrough different people who ever do not know each other. It is an helpful act because it reducesthe bias from the report. Moreover it also provides reliability of information. Hence, it is basedon qualitative nature. 1.3 Questionnaire for Brit college

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