Business Decision Making: Technology Impact on Retail Analysis

This report examines the impact of technology on business decision-making within the retail sector, specifically focusing on high street shops and malls. It uses research methodologies, including primary and secondary data collection, to understand the viewpoints of respondents regarding the effectiveness of technologies. The report highlights findings such as the provision of large facilities to consumers to improve profitability and positive responses from respondents regarding online usage. It also addresses the shift of offline business activities to the online market and the need to improve the security of online transactions. The report concludes that a systematic plan is essential for business decisions, considering valuable steps for information to gain consumer numbers and loyalty, highlighting the importance of adapting to technological advancements in the retail landscape.

Business Decision Making
Business decision making includes process of selecting the
best option which is most beneficial for organisation.
Effective decision making power helps the management of
organisation to easily achieve their predetermined targets. This
report will analyse , use of information management and
financial tools to make business decisions are described here.
Does technology affect the
business of high street shops
and malls?
Frequency
 Highly affected 10
 Average effect 5
 No effect 5
Findings:
• Positive responses are observed from
respondents.
• Online mode is largely used by consumers.
Suggestions:
• Large facilities are provided to consumers
to improve profitability.
• Improve securities of online transactions.
Introduction
Finding and Recommendation
Do you think online
market acquire offline
business activities in
future?
Frequency
• Yes 13
• No 7
Objectives
• Use research methodologies to understand
about impact of innovative technology on street
shops and malls.
• To ascertain the viewpoints of respondents
regarding effectiveness of technologies
Research Methodologies
• Primary and secondary source of data
collection is used
• Aim to conduct research is to removes
literature gap arises due to survey
• Graphs and pie charts are used to interpret
impact
• Random sampling method is used to select
respondents
Interpretation
Research Methodologies and Objectives
Conclusion
This can be stated from the mentioned report that this is
paramount to make the systematic plan for the decision
of business. This is required to consider valuable steps
for the information in order to gain the consumer
numbers along with their morals