Business Decision Making: Data Analysis and Report Overview

This report provides a comprehensive analysis of business decision-making processes, incorporating data analysis and various system implementations. It begins with an overview of data analysis, including statistical measures like mean, median, mode, standard deviation, and confidence levels for different questions. The report then delves into data collection methodologies, differentiating between primary and secondary data sources, and discussing the use of surveys, annual reports, and online resources. Furthermore, it explores the application of different information systems, such as Transaction Processing Systems (TPS), Management Information Systems (MIS), and Decision Support Systems (DSS), and their roles in supporting business operations and decision-making. The report also examines the impact of technological advancements on consumer behavior and business strategies. Overall, the report aims to provide insights into how businesses can leverage data and technology to make effective decisions, improve operational efficiency, and enhance consumer engagement. The content is designed to help students understand business development and decision making.

Setting Objectives
Research of Customers
Evaluating Competiton
Setting Budget
Considering Communication Channels
Developing Right Message
Project the right image
Legal Formalities
Monitor and Measuring
Evaluation of Campaign and Strategy
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Budget in £
BUSINESS DECISION MAKING
1.1 Developing plan for data collection
The changing environment operations as well as implications of various technologies which in context
with a funnel to the professionals from various businesses as to make necessary changes in their operational
activities. Thus, the report consists of analysing the technical changes influence consumers buying behaviour. The
technical advancement will be effective and helpful to the business in terms of covering a large number of
consumers as well as have fruitful growth in sales and revenue.
Primary data collection:
These are the information which in turn will be effective and adequate for the business management as
well as brings the accurate details relevant with the facts and issues. Thus, it consists of assorted informant of
data gathering such as observing the focus group. Preparing questionnaires, taking interviews and study over
various cases.
Transaction Processing system TPS: It is the process which in turn helps in dividing the work
into computing the variable on the basis of individual, indivisible operations and several
transactions. Therefore, the process of analysing the transactional data through implication of
various software will be effective and helpful as to analyse the cost efficiencies.
Management information system MIS: This is the computerised software which will
be indicative and helpful to the business organisation as to have adequate implication of all the
accounts and records of all the transactions made during the period. It brings the ability to the
managerial professionals as to make necessary improvement in their operational activities.
Decision support system DPS: It consists of all the relevant information with the
organisation which in turn helps in decision making as well as planning for improving the
business efficiency therefore, in relation with this the managerial professionals will have
effective influences of the work and better operational management in the.
Secondary data collection:
These are mainly examined the annual
reports, assemblage information through internet
sites, articles, blogs as well as research over
newspapers articles. Therefore, the use of various
secondary sources of data aggregation which in turn
will be influential as to have right information and
details regarding the facts.
1.2 Presenting a survey methodology and
sampling frame
Collecting data and information from
different lactations, area and the group of population
there will be consideration of various activities which
in turn will be effective and helpful as to use the right
techniques of generating the ideas
Question 2 Question 4 Question 6
Mean 1.4137931 Mean 1.82758621 Mean 2.34482759
Standard Error 0.09307608 Standard Error 0.14945686 Standard Error 0.21216606
Median 1 Median 2 Median 2
Mode 1 Mode 1 Mode 1
Standard
Deviation 0.50123001 Standard Deviation 0.80484983 Standard Deviation 1.14254922
Sample Variance 0.25123153 Sample Variance 0.64778325 Sample Variance 1.30541872
Kurtosis -2.0072063 Kurtosis -1.36071258 Kurtosis -1.38012798
Skewness 0.36946148 Skewness 0.33331941 Skewness 0.18000133
Range 1 Range 2 Range 3
Minimum 1 Minimum 1 Minimum 1
Maximum 2 Maximum 3 Maximum 4
Sum 41 Sum 53 Sum 68
Count 29 Count 29 Count 29
Largest(1) 2 Largest(1) 3 Largest(1) 4
Smallest(1) 1 Smallest(1) 1 Smallest(1) 1
Confidence
Level(95.0%) 0.1906577
Confidence
Level(95.0%) 0.3061485 Confidence Level(95.0%) 0.43460248