Strategic Business Decision Making: Analysis and Recommendations

This report provides an analysis of business decision-making processes, emphasizing the importance of data-driven insights for optimal outcomes and long-term business survival. It highlights the use of primary and secondary data sources, survey methodologies, and random sampling methods for effective data collection. Key findings include recommendations for enhancing library resources, improving canteen quality, and increasing student activities to foster engagement. The report references scholarly articles on shared decision-making, business ethics, and the role of ERP simulations in decision-making education. Ultimately, the goal is to guide businesses in making well-informed judgments that support sustainable growth and meet evolving market demands, with a focus on continuous quality improvement and customer satisfaction.

Business Decision Making

Introduction
By doing the proper analysis they have to make the appropriate business
decision which helps in meeting the needs and demands of the product.
They have to make the proper and appropriate judgement so that they can
attain the maximum benefits for the business entity for its long term
survival. The company have to use correct sources by using primary and
secondary which helps in collecting the data.

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Sales - bar chart

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f(x) = 7611.59261379865 x − 15245523.0792044
R² = 0.924210521404285
Sales - Trend Line
Trend line

Findings
They have to use appropriate survey methodology so that they can
evaluate the data. Along with this they have to use random sampling
method so that they can gather the data. They have to make the
questionnaire for collecting the data. Quality assurance agency have
to find out the ways so that they can not suffer with the more issues.
The college members have to provide the best services to their
students.

Continue
Some of the findings which include:
 In library, number of books is to be increased by using the proper
knowledge.
 Improve the quality of food in canteen area.
 Increase the number of activities so that interest of students
become increase.

References
Barry, M.J. and Edgman-Levitan, S., 2012. Shared decision making—the pinnacle of patient-
centered care. New England Journal of Medicine. 366(9). pp.780-781.
Cronan, T.P and et. al., 2011. Decision making in an integrated business process context: Learning
using an ERP simulation game. Decision Sciences Journal of Innovative Education. 9(2). pp.227-
234.
Fassin, Y. and Buelens, M., 2011. The hypocrisy-sincerity continuum in corporate communication
and decision making: A model of corporate social responsibility and business ethics practices.
Management Decision. 49(4). pp.586-600.
Ford, R.C. and Richardson, W.D., 2013. Ethical decision making: A review of the empirical
literature. In Citation classics from the Journal of Business Ethics. pp. 19-44. Springer
Netherlands.