...The Learning Business Research Report BX2174: Research & Decision-Making for Business KARAN LAKHANPAL Student Number: 12908897 QIN YANG Student Number: 12653971 Lecturer: Dr Andre Kuah Contents 1. EXECUTIVE SUMMARY ............................................................................................ 2 2. BACKGROUND TO THE BUSINESS DECISION OR PROBLEM .............................................. 3 3. THE SPECIFIC RESEARCH OBJECTIVES TO BE ADDRESSED .............................................. 5 4. CRITICAL ANALYSIS OF THE METHODS ...................................................................... 6 5. RESULTS AND DISCUSSION ....................................................................................... 8 6. IMPLICATIONS FOR THE BUSINESS DECISION OR PROBLEM ........................................... 10 7. ETHICAL ISSUES .................................................................................................... 11 8. REFERENCES......................................................................................................... 13 9. APPENDIX ............................................................................................................ 14 The Learning Business Research Report | Campus: 10. 1 CHECKLIST OF ASSESSMENT CRITERIA .................................................................. 18 The Learning Business Research Report 1. Executive Summary ...
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...Business Research for Decision Making IP 2 Tonja A. Brooks AIU Online Abstract This paper attempts to develop a framework for interrelationships among human resources information systems (HRIS), outsourcing, and corporate culture. This research investigates impacts of outsourcing HRIS on corporate culture. In this paper, we hypothesize that Outsourcing corporate HRIS is less desirable (1) if the quality of product and customer service matters for a firm, (2) if an organization is concerned with a loss of intellectual property, and (3) if an organization requires maintenance of a distinctive, human resource utility activity that is capable of meeting the challenges of fast changing customer demands in a dynamic business environment. In addition, this paper argues companies must be aware of the total costs associated with HRIS before outsourcing its human resource functions. Finally, the impact on employee morale and implementation must also be considered. By outsourcing HRIS, managers will be able to spend more time and resources dedicated to an employee’s professional career development. Business Research for Decision Making – IP 2 Introduction There has been a tremendous amount of research and studies done on corporate culture, outsourcing, and HRIS; however, there have been only menial research and studies done on Outsourcing HRIS and the sense that it has on the corporate culture. Hagood and Friedman [9] argue that the need for an organization to measuring...
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...INTRODUCTION A research can be defined as a systematic way of gathering data, recording it and analyzing it further to guide business decision making. A research is mainly done to handle uncertain decisions and uncontrollable situations. A research always helps the managers in providing useful and timely information. The main purpose of any research is to provide accurate, timely, appropriate and relevant information to the top management for further decision making. A research is mainly done to discover new knowledge or interpretation and establish facts in a particular field. The research process involves various steps that helps the organization to investigate a problem or look for an opportunity facing the organization. The steps...
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...After studying this chapter, you should be able to 1. Explain why proper “problem definition” is essential to useful business research 2. Know how to recognize problems 3. Translate managerial decision statements into relevant research objectives 4. Translate research objectives into research questions and/or research hypotheses 5. Outline the components of a research proposal 6. Construct tables as part of a research proposal CHAPTER 6 PROBLEM DEFINITION: THE FOUNDATION OF BUSINESS RESEARCH Chapter Vignette: Deland Trucking Has a “Recruitment” Problem David Deland, who has owned his trucking business for 20 years, struggles with the spreadsheet in front of him. His recruitment specialist sits glumly across from his desk, pondering what kind of response to give to the inevitable question, “Why are our recruitment costs so high?” Next to the specialist sits James Garrett, a business research consultant who has been hired by the Deland Trucking Company to get a handle on the recruitment expenses the company has seen skyrocket over the last six months. “I just don’t get it,” David sighs in frustration. “We have seen a 45 percent increase in our trucker recruitment advertising costs, and our trucker intake and orientation expenses are killing us! James, I just don’t understand what is happening here.” James and the specialist have had some initial discussions, but there is no easy way to reduce those costs without reducing the number of truckers that Deland hires. “Perhaps we can...
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...ijcrb.webs.com SEPTEMBER 2010 VOL 2, N O 5 INTERDISCIPLINARY JOURNAL OF CONTEMPORARY RESEARCH IN BUSINESS The Impact of Information Technology (IT) on Decision-Making Process in the Public Sector Dr. Mohamad Noor Al-Jedaiah Assistance Prof. Abstract M.I.S Department Al Ahliyya Amman University This paper aims to identify the impact of information technology on the decision-making process in the public sector. By citing international experiences (The Taxation System in Europe Union) and the Solid Waste Association of North America as case studies, the most important findings were: (a) Public sector has to gather complex information through using technological equipment and software. (b) Public sector organizations can build their own information systems. (c) Information systems provide a significant help to the decision maker, and enable to exchange information with other governments. Keywords: Impact , Information Technology (IT) , Decision-Making Process ,Public Sector 1. Introduction Nowadays, organizations, individuals and the whole society are effected by the information and communication revolution, in their thinking manners, doing things, leadership styles of businesses, and even their life style. Organizations, either in the public sector or private sector are working to achieve their planned objectives through implementing strategies and plans that enable them to achieve these goals efficiently. Information now is available to any user in a wide range;...
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...------------------------------------------------- BUSINESS DECISION MAKING A4064059 CONSTANCE LELO MABIALA [Date] LSBF Lecturer Michael Olusoji [Date] LSBF Lecturer Michael Olusoji INDEX CONTENTS Summary……………………………………………………………………………………………………………………………1 Introduction……………………………………………………………………………………………………………………….2 LO1. Be able to use a variety of sources for the collection of data, both primary and secondary 1.1 Create a plan for the collection of primary and secondary data for a given business problem……………………………………………………………………………………………………………………….3 1.2 Present the survey methodology and sampling frame used ……………………………………..…4 1.3 Design a questionnaire for a given business problem……………………………………………..……5 LO2. Understand a range of techniques to analyse data effectively for business purposes 2.1 & 2.2 Create information for decision making by summarizing data using representative values and analyse the results to draw valid conclusions in a business context …………………6 2.3 Analyse data using measures of dispersion to inform a given business scenario …………..7 2.4 Explain how quartiles, percentiles and the correlation coefficient are used to draw useful conclusions in a business context…………………………………………………………………………………………………………………………........8 LO3. Be able to produce information in appropriate formats for decision making in an organizational...
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...Phoenix 07/31/11 The primary tools provided in the critical thinking and decision-making simulation included research analysis provided by the organization and a decision-making matrix. Although these tools provided the framework for applying critical thinking activities they did not provide the additional tools to support long-term goals. Starting with assessing the problem, the research provided several issues with varying levels of urgency and critical nature. The simulation uses importance weighing to formulate the problem based on identifying the most urgent and critical issues. Although the tools provide support in identifying the most critical issues, they did not help establish whether the issues were affects of another problem. For instance, low sales at the Creedenhill location are an urgent and critical issue, but is only a result of the product mix and customer desire. Alternative tools such as flow charts and cause and effect diagrams work well for establishing problems that need to be addressed. The decision-making process in the simulation provided solution elements to choose from in order to create a comprehensive solution that addresses all of the key issues. The research provided great considerations to support the possible solutions. Logical approaches that combine solution elements to formulate a comprehensive solution assist the decision-maker to make thorough decisions based on the potential choices. As with the problem identification exercises,...
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...! ! Course Unit No. Unit Name Unit code Batch Student Assignment Covering Form Course/Unit Information Pearson (Edexcel) BTEC Level 5 Higher National Diploma Unit 6 Business Decision Making D/601/0578 J65-1403/E65-1403 ! Name Phone Skype ! ! Instructor Information Anil Ahluwalia +971 52 905 9904 anilbaljit anil@westford.org.uk ! ! ! Email Assignment Information Full/ Part Assignment Date Assignment Issued Part 11/03/2013 Tasks-1&2: 29/03/2014 ! Date Assignment Due ! ! Student Information (To be filled by the student prior submitting the assignment) Name Westford Student ID Edexcel Student ID Email Tsion Girma Birru tsn_grm@yahoo.com Date of Submission March 29,2014 All the submissions to be done through e-front LMS, no email or other format will be accepted.Student Assignment covering form is an integral part of the assignment document and should be submitted along with all submissions. ! ! Student Declaration ! ! I, Tsion Girma Birru hereby confirm that this assignment is my own work and not copied or plagiarized. It has not previously been submitted as part of any assessment for this qualification. All the sources, from which information has been obtained for this assignment, have been referenced as per Harvard Referencing format. I further confirm that I have read and understood the Westford School of Management rules and regulations about plagiarism and copying and agree to be bound by them. ! ! ! ! ! ! !...
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...Decisions in Paradise JUMA SHALABI University of Phoenix MGT 350 Bridget Peaco 06-04-2012 The purpose of this paper will be to study primary thoughts for the development of a new Furniture store on the South Pacific island of Kava. Nik works at a furniture retail store as a marketing specialist and is hired to make decisions that will impact the company on the long term. He was assigned to research and gather information for the island of Kava and present it to the owners of Orleans Furniture. The research will conclude valuable information on the island which will help Orleans furniture determine the variety of the items that should be carried. Orleans’s mission is to be a unique business that will help the working force coming from all over the world to purchase products that make them feel like they are home. Nik’s success depends on how he can define the matters that are involved in formulation of the problem. Nik had to consider the stakeholders that will be affected by the decision thru researching the environment in kava and how can it be a threat to the organization. Moreover, Nik should apply critical thinking in his decision making process before he presents it to Orleans furniture. Nik’s main problem was to collect valuable information in order to present it to the owners of Orleans furniture and weather it’s a convenient to establish a business in Kava. However, earlier to providing any recommendation, Nik had to consider some reasons involved in the formulation...
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...Rony Matamoros Chapter 1 1. Companies that see research as the fundamental first step in any business decision will create proprietary methods for conducting research. a. At what hierarchy level of business decision-making do these companies operate? -Top tier, Companies that see research as the fundamental first In any business decision will create propriety methods for conducting research. b. At what level do you (or your business) operate today? -Base tier, This tier comprises those managers’ who primarily use instinct and tuition rather than research knowledge to facilitate their decisions making. Most small companies find themselves in this tier based on the perception that any more formalized research might be too expensive to employ and because their resources will not accommodate this type of decision making. c. Explain what hierarchal level do you believe would be optimal (or your business)? -Top tier level would be the more optimal level for my business, top tier level organizations can see research as the fundamental first step in any course. This level goes well beyond the tried and true methodologies and use creative combinations of research techniques to gain deep insights to aid in their sophisticated decision making. Chapter 2 2. Research ethics (not business ethics) a. What is the goal of research ethics? -The goal of research ethics is to prevent anyone from being harmed. b. What is the purpose of an informed...
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...Statistics in Business Statistics is used daily in business and is an important asset to the decision making process. There are two broad areas of statistics, one using known information the second asks for conclusions to be made from data collected. The role of statistics in the business decision-making process is inimitable. Examples can be found from the fortune 50 organization to the mom and pop shop on the corner. Define Statistics Statistics is the science of data. It involves collecting, classifying, summarizing, organizing, analyzing, and interpreting numerical information (McClave, Benson, & Sincich, 2011). Statistics can be broken down into two broad areas: descriptive statistics, and inferential statistics. Descriptive Statistics is the utilization of numerical and graphical methods to look for patterns in a data set (McClave, Benson, & Sincich, 2011). Descriptive statistics takes known information about a phenomenon and organize it in a more convenient manner. A sample from a population is taken and this data is organized. An example of this would be taking a sample of student ages from the statistics class. Asking what age is the most common age would be an example of a descriptive type question. The second area of statistics is inferential statistics. The text defines inferential statistics as the utilization of sample data to make estimates, decisions, predictions or other generalizations about a larger set of data (McClave, Benson, & Sincich...
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...1. Define subsidies and land grant colleges and explain their influence of the migration of settlers out West. Subsidies are grants given by a government to individuals or groups in form of tax reduction or cash. Land grant colleges were colleges established as a result of Morril Act. The act awarded federal land to states to fund the cost of building mechanical and agricultural colleges. Land grant colleges such as Iowa State University and Kansas State University, were set up to teach certain branches of learning that include mechanical arts and agriculture. 2. Two examples of where the federal government violated treaties as a result of continued settlement into the west and give the results of these conflicts During the nineteenth century the Native Americans were deprived much of their land and were forcefully removed from the west. The white authority failed to honor the treaties they had signed and made the natives vacate their own land. This resulted to relocation of a mass of people from the west. After the war the white authorities started treating the natives in a hostile manner. They claimed ownership of the Indian lands in the west by the terms of 1783 peace treaty. This resulted to relocation of the India from the west. 3. (a)Explain the use of the Dawes Severalty Act in trying to force natives to assimilate to the American culture. What were the unintended consequences? The Dawes Severalty Act provided for elimination of tribal ownership of land...
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...BA 2002 BUSINESS STATISTICS Analytical Paper Format This Analytical Paper Format intends to guide you in preparing your term requirement for BA 2002 Business Statistics. An outline has been provided but you may want to include other sections as may be applicable or necessary for completeness of your paper. It is suggested that you select a business decision making situation program that you are familiar (either involved or very interested in) with, has access to data (and other related information), and being implemented in Davao City. I. Cover Sheet II. Executive Summary III. Table of Contents IV. Decision Problem Brief It is suggested that you select a current business decision making problem or situation within your organization where you will readily have access to data that may be used for statistical analyses. Provide a brief for this business decision problem or situation. Discuss why and how statistics may help in making a decision or solve this problem. Indicate any hypotheses that you may have prior to making any statistical computations, if there are any. V. Statistical Tool(s) Used & Results Identify and describe the statistical tool(s) used in your paper. Identify the variables and their operational definitions. How are these variables related to each other? You might want to indicate here your conceptual framework (a concept that you learn from your Business Research course). Present your results here. VI. Evaluation& Recommendation...
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... |Pearson BTEC Level 5 HND Diploma in Business | | | |Qualification | |Assessor name |Gopinath Vedula | | |Unit 6: Business Decision Making | | | |Unit Number and title | |Student name |VeselinaLicheva | | | |Criteria Reference |To achieve the criteria the evidence must show that the student is able to: |Achieved? | | | |(tick) | |LO 1 | | | |1.1 |create a plan for the collection of primary and secondary data for a given business problem |X | |1.2 ...
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...Decisions in Paradise Part 2 University of Phoenix Critical Thinking: Strategies in Decision Making MGT/350 August 07, 2011 Decisions in Paradise Part 2 This paper reports on a company named “Drinks in Paradise” and the focus of the research that revolves around how critical thinking is used or how it affects a business decision. Drinks in Paradise wishes to expand their company to a location in Paradise. Nik is a new employee, the company has sent him to complete a business evaluation, and then to report his findings back to upper management. Nik will need to do a cost analysis of the situation and use the six systematic steps of the decision making process together with a cost benefit analysis in order to start the operation. To make an analysis every department has special techniques or tools they use. These tools check the feasibility and workability of a plan, and any unforeseen events. To make solid, sound, logical, and error free decisions is an important step from the beginning. “Critical thinking is thinking that proceeds on the basis of careful evaluation of premises and evidence and comes to conclusions as objectively as possible through the consideration of all pertinent factors and the use of valid procedures from logic” (Callahan, 1998 Par 1). Cost benefits analysis is a tool that can be used and will assist Nik and his team in conducting a financial analysis. This technique will help decide if a plan is a good one or not. Financial analysis...
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