Unit 06 Business Decision Management Assignment Example (GC0963)

Contents

Introduction.

Task 1.

1.1 Plan for data collection.

1.1.1 Aims.

1.1.2 Objectives.

1.1.3 Research Question.

1.1.4 Data sources.

1.2 Survey methodology and sampling method.

1.3 Survey questionnaire design.

1.4 Justification of the data collection method.

1.5 Research reliability and validity.

Task 02

Task 03.

3.1 With the aid of spreadsheets produce graphs to help draw valid conclusions on the survey.

Task 04.

4.2 Prepare a project plan and determine the critical path.

4.3 Explain and Calculate the NPV.

Conclusion.

References.

Introduction

Effective making of decisions for business is very important. It plays a significant role in decision making. This assignment’s purpose is to evaluate several kinds of sources. There are different developing strategies. There are major four information aspects. These are: storing data, maintaining data, collecting data, and presenting data through different approaches. This assignment has four major parts. Task one concentrates on two main sources of data collection. These are primary data and secondary data. Task two describes different techniques of data analysis for the purposes of business. Task three focuses on the effective decision-making process for businesses to make the right information. Task four explains how to apply information made software for effective decision making for the business.

Task 1

1.1 Plan for data collection

1.1.1 Aims

This assignment’s aim is to represent the population of students at different college conferences. From the students’ satisfaction and experience, a questionnaire should be presented. Students should answer all of the selected questions.

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1.1.2 Objectives

To survey the current college position in the UK.
To examine the learning conditions in the different departments of colleges.
To evaluate the environment of the college in the UK
To assess the student’s satisfaction and experience with their courses and college education. 5. 5. To suggest UKCBC college to make effective decisions for a better opportunity for the college.

1.1.3 Research Question

a) What is the possibility of opening a big number of small convenience stores for improving sales revenue in the UK retail market?
b) What is the impact of including ‘click and collect’ and petrol station on the sales revenue and profit in the UK retail market?

1.1.4 Data sources

Primary and secondary data should be applied in research work to manage that research (Saunders et. al, 2014). Primary data resources information is collected by researchers by themselves. Secondary data resources are always prepared.

In this assignment, both primary and secondary data are applied to observe college objectives and research. The survey method is used as a primary data resource in this assignment. In this assignment, secondary data applies journals, books, college annual report, college websites, and third parties departments. The primary resource should be managed by answer the one number research question as well as a secondary resource that should be managed to answer the second research question.

1.2 Survey methodology and sampling method

Survey methodology

The effective methodology of primary data collection is known as survey methodology. Survey methodology is normally applied for gathering quantitative data. Close-ended and structured questions are normally applied for survey methodology (Sauders et al., 2014).

Sampling

A number of people or groups are focused on the technique known as sampling. Sampling collects data on the specific topic of the research. Probability sampling and non-probability sampling are the two major classifications of sampling (Saunders et al., 2014).

In this assignment, UKCBC College’s survey has managed in order to recognize students’ outlook on the atmosphere and learning style and the course guidelines. For this assignment, this is very hard in order to collect data from all of the students of the college. Therefore, this assignment focuses on the non-probability technique of sampling that selects 100 randomly selected students from several departments of UKCBC College. The target customers for conducting the survey are grouped as different age groups and sex. Among 60 participants, 30 are men and 30 are women. The age groups are categorized as 16-25, 26-35, 36-45, 46+ where 15 people come from each age group.

1.3 Survey questionnaire design

There are different numbers of stages to make a survey questionnaire design. There should be some purposes for the assignment. There should be at least 10 questions. The 1^st three questions should be about the student’s own information and the next seven questions are about the student’s thoughts about college. These questions should be like students’ satisfaction with the college environment, college resources, college teaching style, tuition fees, etc. The designed questionnaire of this survey is included as follows…………….

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