Business Decision Making Report: Blackfriars Restaurant Expansion Plan

This report analyzes the business decision-making process for Blackfriars Restaurant's potential expansion. It begins with an introduction outlining the objective to assess customer feedback regarding the expansion plan in London and understand relevant business environment factors. The research methodology involves random sampling of 80 respondents and questionnaire-based data collection, followed by data interpretation using various dispersion methods. The report presents findings indicating that 60% of respondents favor the expansion plan, supported by trend line charts reflecting the restaurant's positive performance. The conclusion emphasizes the significance of decision-making in accelerating business operations. The report provides a comprehensive overview of the decision-making process, data sources, and analysis to support the expansion strategy. The report also includes references to relevant academic sources. The report is available on Desklib for students to study and learn.

Business Decision Making
Task 3.3

Covered content
• Introduction
• Objective
• Research methodology
• Data interpretation
• Finding
• Suggestion
• Conclusion
• References

Introduction
Business decision making is a process of forecasting and
analysing future events and situation in respect of business
and organisational context. It is important to provide
accurate information and details to analyse the future
trends and trend lines. This is the process which remains
effective as per manager’s perspective

Objective
• To ascertain the feedback of respondents regarding their
expansion plan in London.
• To understand about the factors which are present in
business environment and understand the requirements of
customers.

Research Methodology
 To make the research successful random sampling is
adopted regarding selection of 80 respondents.
 Different methods of dispersion are used to interpret
important conclusions.
 Regarding collection of information Questionnaire is
prepared which consists 9 different questions.

Data Interpretation
Q.1 Is the idea of introducing new branch is impressive idea?
Particular Respondent in %
(a): Yes 60
(b): No 20
Total 80
Mean 40
Median 40
Mode 0

Continue..
(a): Yes (b): No
0
10
20
30
40
50
60
70
60
20
Respondent in %

Continue
Q.2 Would it be beneficial and effective subject to gain more customer and local customers?
Particular Respondent in %
(a): Yes 45
(b): No 25
(c): Neutral Response 10
Total 80
Mean 26.67
Median 26.67
Mode 0

Continue...
(a): Yes (b): No (c): Neutral Response
0
5
10
15
20
25
30
35
40
45
50 45
25
10
Respondent in %

Continue
Q.3 What are your perception in respect pricing policies of Blackfriars restaurant?
Particular Respondent in %
(a): High 25
(b): Low 30
(c): Moderate 25
Total 80
Mean 26.67
Median 25
Mode 0

Continue
25
30
25
(a): High
(b): Low
(c): Moderate

Trend line
Year Sales Net Profit
2017 7367 2200
2018 7500 2350
2019 8000 2600
2020 8400 2700