Report on Business Decision Making: Data Analysis and Market Research

This report discusses the importance of informed business decision-making through effective market research and data analysis. It emphasizes the need for employees to collect relevant data from primary and secondary sources to understand consumer needs and wants. The report highlights the use of trend lines for sales and profit analysis, stressing the significance of accurate data collection and evaluation. It also underscores the importance of delivering quality products and services to enhance customer satisfaction and increase sales. The document references academic works on shared decision-making, integrated business processes, corporate social responsibility, and ethical decision-making, providing a comprehensive overview of the topic. Desklib offers a platform to explore more solved assignments and study resources for students.

Business Decision Making

Introduction
The employees of the firm have to make the correct and appropriate
decision to do the market research so that they can do the proper analysis
of the market and identify the needs and wants of the consumers. The
staff members of the business entity have to collect the data or
information by using the different sources whether it is primary or
secondary so that they can not face any obstacles in providing the best
products and services and on the basis of that they have to make the
proper judgement.

1 2 3 4
0
5000
10000
15000
20000
25000
30000
35000
40000
45000
Trend line of sales

Trend line of profit
1 2 3 4
0
500000
1000000
1500000
2000000
2500000
3000000
3500000

Findings
The staff members of the business entity have to
do proper analysis as well as evaluation of the
data and information which are gathered by using
the primary and secondary source so that they
can attain the goals and objectives. The
employees of Food for friends have to adopt
appropriate and relevant survey methodology
which helps in collecting the accurate data and
analyse that so that employees can provide better
products and services to their consumers.

Continue
Some of the finding by using the appropriate and correct data are:
The employees of Food for friends have to deliver the best products and
services as they are having the duty of them. They have to use or
adopt appropriate skills and knowledge then they have to attain the
goals and objectives.
They have to offer and deliver the qualitative facilities along with the
products and services so that they can reap the goals and objectives in
the market when they are facing the high competition.
The staff members have to deliver the products in a proper manner
which will assist in increasing the satisfaction level of the consumers
which helps Food for friends in increasing the sales and they have to
generate more profit.

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.