Business Decision Making: Analyzing Financial Performance with Graphs

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This report provides an analysis of business decision-making using graphical methods, focusing on the financial performance of Omega Consultants Limited. It applies line graphs, bar charts, and trend lines to analyze sales, costs, and profitability from 2000 to 2010. The study indicates that sales, costs, and profitability have generally increased over the years, suggesting strong future financial performance. However, the report emphasizes the importance of cost reduction activities to maintain or improve profitability. The analysis uses various references to support its findings and recommendations, highlighting the importance of data-driven decision-making in business.
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Business Decision
Making
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introduction
Financial and operational decisions are considered
as major important decisions for companies.
Organization should apply appropriate techniques
at the time of decision making process .
Graphical presentation of sales, cost and
profitability helps in different types of business
decisions .
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Line Graph for sales, cost and profit
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
0
50
100
150
200
250
300
350
400
170 190
230 240
320
340
270 250 250 260
300
140 130 150 150
180 180 170
150
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30
60 80 90
140 160
100 100
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Line
graphs of sales, cost and profit
Sales (£’000) Cost (£’000) Profit (£’000)
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Bar chart sales, cost and profit
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
0 50 100 150 200 250 300 350 400
170
190
230
240
320
340
270
250
250
260
300
140
130
150
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180
170
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160
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70
100
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Bar graphs of sales, cost and profit
Profit (£’000) Cost (£’000) Sales (£’000)
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Trend line graph for sales, cost and
profit
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
0
50
100
150
200
250
300
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400
f(x) = 8.72727272727273 x + 204
R² = 0.321563154221912
f(x) = 2.72727272727273 x + 142.727272727273
R² = 0.283018867924528f(x) = 6 x + 61.2727272727273
R² = 0.27089552238806
Trend Line of sales and profit
Sales (£’000) Linear (Sales (£’000)) Cost (£’000) Linear (Cost (£’000)) Profit (£’000) Linear (Profit (£’000))
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Conclusion
Omega consultants limited wants to analyze the past financial
performance of the organization.
Study has applied graphical analysis methods for analyzing
financial performance of the company.
Sales, cost and profitability of the company is increasing year
by year.
Its future financial performance is also very strong.
But, it needs to focus on cost reduction activities otherwise
profitability of the organization may decline.
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reference
Little, B., 2011. The principles of successful project management: It takes careful planning, skilful
leadership … and a little bit of luck. Human Resource Management International Digest. 19(7).
pp.36 – 39.
Newbold, P. and et. al. 2009. Statistics for Business and Economics. Pearson Education
Prieto, M. A. and Revilla, E., 2006. Learning capability and business performance: a non-financial
and financial assessment. Learning Organization. 13(2). pp.166 – 185.
Smith, C. D., Bruyns, and Evans, S. M., 2011. A project manager's optimism and stress
management and IT project success. International Journal of Managing Projects in Business. 4(1).
pp.10 – 27.
Sucky, E., Aksoy, A., and Ozturk, N. 2012. A decision support system for demand forecasting in
the clothing industry. International Journal of Clothing Science and Technology. 24(4). pp.221 –
236.
Wallnöfer, M., and Hacklin, F. 2012. The business model in the practice of strategic decision
making: insights from a case study. Management Decision. 50(2). pp.166 – 188.
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