Business Decision Making: HND Business Level 5, Term 5, July 2016

This report provides an overview of business decision-making, emphasizing the importance of suitable decision-making for effective management. It covers data gathering, storage, and the use of tools for creating and presenting useful information. The report includes graphical presentations of data related to customer preferences for a restaurant, focusing on themes like food and beverage choices, service ratings, spending habits, and customer satisfaction. It also references academic sources on neural network modeling and decision support systems, highlighting the role of information systems in aiding business decisions at all levels of an organization. Desklib offers a wealth of similar resources for students.

Business Decision
Making

Covered content
• Introduction
• Graphical presentation
• References

Introduction
 Business needs appropriate and suitable decision
making so that association become able to manage
and deal at vast level.
 In this consideration, business decision making is
a crucial aspect which could be done with
assistance of senior management of a company.

Theme 1: Many people like food and
beverages of Food for Friends
60
20
Yes
no

Theme 2: Individual provides rating to
services and products of restaurant as
superior
30
20
20
10
Superior
Great
Average
Low

Theme 3: People will spend sufficient
amount to buy goods and services of
restaurant
More than €25 Between €25 to €50 Less than €50
0
5
10
15
20
25
30
35
30 30
20
Column B
Linear (Column B)

Theme 4: People are much satisfied with
services of Food and Friends
Yes no
0
10
20
30
40
50
60
70 65
15
Column B
Linear (Column B)

References:
 Levine, D. S., Chen, K. Y. and AlQaudi, B.,
2017, May. Neural network modeling of
business decision making. In Neural Networks
(IJCNN), 2017 International Joint Conference
on. pp. 206-213. IEEE.
 Power, D. J., Sharda, R. and Burstein, F., 2015.
Decision support systems. John Wiley & Sons,
Ltd.

Thank You!!