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BUSINESS DECISION MAKING INTRODUCTION 3 TASK 13

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BUSINESS DECISION MAKING INTRODUCTION 3 TASK 13 1.1 Prepare a plan 3 1.2 Survey methodology and sample framing 4 1.3 Questionnaire of data 5 TASK 26 2.1 & 2.2 Data summarisation and its analysis6 2.3 Analyse the data by using measure of dispersion7 2.4 Use of quartile, percentile and correlation coefficient8 TASK 310 3.1 Graph10 3.2 Trend line11 3.3To be covered in power point presentation 12 3.4 Formal business report12 TASK 413 4.1 Use of software in decision making 13

BUSINESS DECISION MAKING INTRODUCTION 3 TASK 13

   Added on 2019-12-28

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Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................31.1 Prepare a plan........................................................................................................................31.2 Survey methodology and sample framing.............................................................................41.3 Questionnaire of data ...........................................................................................................5TASK 2............................................................................................................................................62.1 & 2.2 Data summarisation and its analysis...........................................................................62.3 Analyse the data by using measure of dispersion.................................................................72.4 Use of quartile, percentile and correlation coefficient..........................................................8TASK 3..........................................................................................................................................103.1 Graph ..................................................................................................................................103.2 Trend line............................................................................................................................113.3To be covered in power point presentation .........................................................................123.4 Formal business report........................................................................................................12TASK 4..........................................................................................................................................134.1 Use of software in decision making....................................................................................134.2 Project plan and critical path activity..................................................................................144.3 Financing tools uses in taking investing decision ..............................................................15CONLCUSION .............................................................................................................................16REFERENCES .............................................................................................................................17
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INTRODUCTIONOrganisation have to take such decision which are helpful for them in their long run. Forany company success it is compulsory for them to take such type of decision which are beneficialfor them. It helps them in making their result effective so that their survival can become easy. Itleads in making their work effective in the keen competitive market. So they have to analyse allthe market opportunities and risk which they are going to suffer during their business. Thepresent report is based on the UKCBC which is a institute (Craft, 2013). They want to attaintarget number of students by providing them proper education and other facilities. For thisconcern they hire quality assurance agency for preparing a analytical report. For this thingcompany conduct the primary and secondary survey and gather all the necessary data which theywant to collect. Along with this they also prepare a questionnaire through which their researchbecome easy to analyse. Moreover they also perform some other function which leads in makingthe understandability easy.TASK 11.1 Prepare a planFor preparing any plan it is compulsory to analyse the customer preference through whichdecision making become easy. Organisation can use different material which are helpful formaking their research effective and proper. These research tools are for the long run purpose tounderstand the needs and demands. Plan have to get formulated on the basis of research analysisfor this concern different sources of information are taken into account which are:1. Primarysource 2. Secondary sourceA appropriate plan have to be prepare for collecting and creating data. Majorly collegehave 4 campus which are at Park royal, Crickk wood, Lord house, Wenfooth house. Majorlysurvey is going to be conducted at these four locations on 100 respondents. The research is goingto be conducted by student representative who have to firstly create a plan in which all work getdone in a systematic manner (Brynjolfsson, Hitt and Kim, 2011). By using a perfect plan forinvestigation it is become easy for him to reduce the cost which is going to be incur on project aswell as right information get collected through that.
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Time: The duration of a survey is of one week which is a time limit for a studentrepresentative to present report in front of QAA. This enables in organise research in asystematic manner and all targets which are set at the time of preparation get doneaccordingly. Methods: For this research purpose various number of methods get identified likepersonal interviews, questionnaire etc. Out of all these one of a best path have to bechoose which aid them in collecting data. For this research cost efficient technique forresearch is questionnaire because it get done on more than 50 students at one time whereas on the other hand personal interview takes so much time in execution and it incur morecost (Cronan and et. al., 2011). Methods which are used: There are variety number of data can be collected by aresearcher for investigation like primary, secondary, qualitative and quantitative. Primarydata is one which get collected through one to one survey where as secondary is one inwhich judgement can be taken on the basis of internet articles etc. Qualitative data isbased on quality preferences in which the research get done in depth and can be analyseon the basis of feeling. Quantitative data is one which can express in terms of numbers.This is beneficial for analyse and take decision more appropriately. Budget: Budget is an essential thing which every individual have to take in their account.For this purpose of research representative have to prepare a budget plan in which allsuch values which lead to incur for a project have to get included. By using this conceptin account, representative can conduct a cost efficient research. The cost which get incuron this survey is £3500 and a researcher have to complete the survey in provided budget.If whole money lead to get utilise properly then it is consider as one of a best andappropriate utilisation of resource and report become effective in nature.1.2 Survey methodology and sample framingSurvey methodology is a process which helps in collecting the data through different sources. Ithelps in gathering out the data with the help of different tools and techniques. The surveymethodology is a method which is conducting in the form of survey for gathering and collectingthe data. Survey is made on the number of people and their opinion are get bind for making aeffective result (Barry and Edgman-Levitan, 2012).
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Survey can be conducted with the help of questionnaire framing. It enables an individualto ask some number of questions on which research is based. According to the current scenario itis identified that QAA use this approach on 210 students and ask certain number of questions tothem for getting their opinion. This leads in college benefits because they can provide the number of courses and otherfacilities through this research. The questions which are asked to the groups considered therespondent and company make a statical form data with the help of that. This is termed as thesurvey methodology(Fassin and Buelens, 2011). The process or method which is agency is going to use for this result is random sampleframing in which randomly a group of certain number of people are identify by taking all ofthem as a base of entire population. Agency have to conduct this research while taking a group ofstudent in their consideration. This enables them to get the effective result. Random sampling helps in making the result effective because all of the people which areincludes while performing this sample framing are different from each other. They do no havesame interest for a common concern for which the research is conducted(Fernando andChowdhury, 2010). So survey methodology helps in making the research on other group of people. 1.3 Questionnaire of data For a investigation there are variety number of approaches are used by a researcherthrough which adequate amount of information can be gather. Questionnaire is an element inwhich variety number of questions are asked to some number of respondent. This process enablethem in identify the opinion of different number of respondent. There are various number ofquestionnaire are used by any investigator which provide a support to take appropriate decision.The various questionnaire which can used by student representative for presenting research areas follow: 1.Structured2.Unstructured3.Open ended4.Close ended5.Mixed6.Pictorial
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The present questionnaire is prepared while taking random sampling method which is conductedon 100 students. It is prepared by using the last few years services which are provided by thecollege. This helps in getting opinion of different number of students. So the basic purpose ofthis report is to identify the student satisfaction and their experience in UKCBC and what type offacility college management have to provide to them: Name:Class:Age:Gender:Q1. Students duration in a college?(a.) Not as much as a year (b.) One year(c.) Two yearQ2. Environment of the college?(a.) Good(b.) BadQ3. Any previous institution or any other reason while consulting this college? (a.) Yes (b.) No. Q4. Fulfilment level of students connected with study?(a.) Exceedingly fulfilled (b.) Tolerably fulfilled (c.) Not fulfilledQ5. Level of comfort in hostel and other places like cafeteria etc.? (a.) Profoundly fulfilled (b.) Modestly fulfilled (c.) Not fulfilled (d.) Profoundly disappointed Q6. College authority behaviour towards each and every student?(a.) Good(b.) Not so good
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