...HNC Diploma in Business | Unit-10 Business Decision MakingD/601/0578 | A | | Assignment title | Business Decision Making | In this assessment you will have opportunities to provide evidence against the following criteria. Indicate the page numbers where the evidence can be found. | Criteria reference | To achieve the criteria the evidence must show that the student is able to: | Task no. | Evidence | 1.1 | Create a plan for the collection of primary and secondary data for a given business problem | | | 1.2 | Present the survey methodology and sampling framed used | | | 1.3 | Design a questionnaire for a given business problem | | | 2.1 | Create information for decision making by summarising data using representative value | | | 2.2 | Analyse the results to draw valid conclusions in a business context | | | 2.3 | Analyze data using measures of dispersion to inform a given business scenario | | | 2.4 | Explain how quartiles, percentiles and the correlation coefficient are used to draw useful conclusions in a business context | | | 3.1 | Produce graphs using spread sheets and draw valid conclusions are based on the information derived | | | 3.2 | Create trend lines in spread sheet graphs to assist in forecasting for specified business information | | | 3.3 | Prepare a business presentation using suitable software and techniques to disseminate information effectively | | | 3.4 | Product a formal business report | | | ...
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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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...Assignment CoverSheet |Course/Unit Information | |Course |Pearson (Edexcel) BTEC Level 5 Higher National Diploma | |Unit No. |Unit 6 | |Unit Name |Business Decision Making | |Unit code |D/601/0578 | |Batch |BDM– 1501 | |Instructor Information | |Name |Ashutosh Pradhan | |Phone | | |Skype | | |Email |ash_68_in@yahoo.com | |Assignment Information...
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...Diploma in Business (QCF) Unit 6 Business Decision Making – 15 credits Please submit assignment electronically to your Examination Officer at xxxx@LSBF.org.uk. You will receive a submission receipt which you should retain for your own records. Assignment 1 will give learners the opportunity to achieve: Learning Outcome 1 - Be able to use a variety of sources for the collection of data, both primary and secondary Learning Outcome 2 - Understand a range of techniques to analyse data effectively for business purposes Learning Outcome 3 - Be able to produce information in appropriate formats for decision making in an organisational context Learning Outcome 4 - Be able to use software-generated information to make decisions in an organisation. Criteria reference To achieve the criteria the evidence must show that the learner is able to: Task No Page numbers 1 a) create a plan for the collection of primary and secondary data for a given business problem. Interview, questionnaire. b) present the survey methodology and sampling frame used. c) design a questionnaire for a given business problem 2 a) create information for decision making by summarizing data using representative values. (table w/ info summarize) b) analyse the results to draw valid conclusions in a business context c) analyse data using measures of dispersion to inform a given business scenario (median, mode, standard deviation…) d) explain how quartiles, percentiles and the correlation coefficient are used...
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...Unit 6 Business Decision Making Assessment Activity Front Sheet This front sheet must be completed by the learner (where appropriate) and included with the work submitted for assessment. Learner Name Assessor Name: Karen Osadiaye Date Issued Hand in Date Submitted on 03.03.15 Qualification Level 5 Edexcel BTEC Higher National in Business (QCF) Unit 6 Business Decision Making – 15 credits Assignment 1 will give learners the opportunity to achieve: Learning Outcome 1 – be able to use a variety of sources for the collection of data, both primary and secondary Learning Outcome 2 – understand a range of techniques to analyse data effectively for business purposes Learning Outcome 3 – be able to produce information in appropriate formats for decision making in an organisational context Learning Outcome 4 – be able to use software-generated information to make decisions in an organisation Criteria reference 1 To achieve the criteria the evidence must show that the learner is able to: a) create a plan for the collection of primary and secondary data for a given business problem b) present the survey methodology and sampling frame used c) design a questionnaire for a given business problem a) create information for decision making by summarising data using representative values b) analyse the results to draw valid conclusions in a business context c) analyse data using measures of dispersion to inform a given business scenario d) explain how quartiles, percentiles and the...
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...2.1 Create information for decision making by summarizing data using representative values The questionnaire set out to seek for information from people on their view of Starbucks product. It sought to find out about people’s perception of Starbucks product. That is ‘why they tend to purchase it’. 40 persons were interviewed with a structured question. The information obtained are thus shown below. The representative values used here are the mean, median, mode and standard deviation. Table 1 showing the mean, median, mode, Standard Deviation for each questionnaire response |Table 1. Statistics | | | |Table 2. Responses from Questionnaires | |Personal Details |Frequency |Percentage | |Age |Up to 18 |6 |15.0 | | |18-30 years |14 |35.0 ...
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...BUSINESS DECISION MAKING Virginia Cecilia Roman H1001915 Table of contents Task 1 | | L.O. 1.1 | 3 | L.O. 1.2 | 3 | L.O. 1.3 | 5 | Task 2 | | L.O. 2.1 | 6 | L.O. 2.2 | 7 | L.O. 2.3 | 10 | L.O. 2.4 | 12 | Ask 3 | | L.O. 3.1 (see Annexes) | 13 | L.O. 3.2 | 13 | L.O. 3.3 | 14 | L.O. 3.4 | 15 | Task 4 | | L.O. 4.1 | 17 | L.O. 4.2 | 24 | L.O. 4.3 | 26 | Annexes | 28 | Bibliography | 32 | Task 1 (LO1: 1.1, 1.2, 1.3) 1.1 As the new business development manager, you have been tasked to expand the ABC Ltd business operations in the UK. To provide the right information, you need relevant information to be presented to your senior management team (SMT) to enable them make the right decisions as to whether to expand in these two countries. You are required to create a plan for the collection of primary and secondary data for the expansion project. Researchers need to consider the sources on which to base and confirm their research and findings. They have a choice between primary data and secondary sources and the use of both, which is termed triangulation, or dual methodology. The secondary data are data which have already been collected elsewhere, for some other purpose, but which can be used or adapted for the survey being conduct (Bpp, 2004, p.7). Secondary sources are data that already exists such as :previous research, official statistics, mass media products, diaries, letters, government reports, web information...
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...Business Decision Making Introduction Decision making is one of the very important tasks that we all have to do in every now and then. And when it is in terms of business then it makes a lot of sense incorporated with a lot of values as well as importance. Whether an organization succeed or fail this all depends on the effective decision making. Valid information & expertise plays a vital role to make good decisions. If decision is great we get good outcomes and the result is actually vice versa if fail to make good decisions. So it is quite evident that before making a decision regarding any issue we must analyze the problems and side effects and then approach for the decision making with the best alternatives as well. So in Short we can conclude that decision making is really very important for a business organization to make profit as well as to be successful in an industry. PART A P1. a plan for the collection of primary and secondary data for a given business problem From Mr. Graeme we can get to know that the passenger volume for the route 23 is not sufficient & has been proved as a losing concern. So as a result initially he decided to stop the bus service in that very route. As a partner & business consultant of a company called Capital Consultant it is my earnest duty to provide my opinion regarding stopping the bus service in route no 23 with proper evidences 7 logics to Mr. Graeme,the business development director of “Travel for London”...
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...Business Decision Making Introduction Decision making is one of the very important tasks that we all have to do in every now and then. And when it is in terms of business then it makes a lot of sense incorporated with a lot of values as well as importance. Whether an organization succeed or fail this all depends on the effective decision making. Valid information & expertise plays a vital role to make good decisions. If decision is great we get good outcomes and the result is actually vice versa if fail to make good decisions. So it is quite evident that before making a decision regarding any issue we must analyze the problems and side effects and then approach for the decision making with the best alternatives as well. So in Short we can conclude that decision making is really very important for a business organization to make profit as well as to be successful in an industry. PART A P1. a plan for the collection of primary and secondary data for a given business problem From Mr. Graeme we can get to know that the passenger volume for the route 23 is not sufficient & has been proved as a losing concern. So as a result initially he decided to stop the bus service in that very route. As a partner & business consultant of a company called Capital Consultant it is my earnest duty to provide my opinion regarding stopping the bus service in route no 23 with proper evidences 7 logics to Mr. Graeme,the business development director of “Travel for London”...
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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...
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...Higher Diploma in Business Management BUSINESS DECISION MAKING Unit 6: Outcome 1: Outcome 2: Outcome 3: Outcome 4: Business Decision Making Be able to use a variety of sources for the collection of data, both primary and secondary Understand a range of techniques to analyse data effectively for business purposes Be able to produce information in appropriate formats for decision making in an organisational context Be able to use software generated information to make decisions in an organisation Your assignment consists of two tasks for you to complete. Task 1 will include two parts. Part 1 is scenario based and asks you to prepare a professional report based on your market findings. In Part 2 of the Task 1 you will need to discuss various Management Information Systems (MIS). Task 2 will be based on three time-constrained activities (TCAs). TASK 1, Part 1 – Individual business report Submission date: 21 May 2015 Scenario: Grocery Ltd In business, good decision making requires effective use of information. A Sales Director of Grocery Ltd, the recently established mass retail business in Dubai, seeks information on the grocery market in Dubai in order to make several important business decisions. He appointed you as his consultant to analyse relevant market data/ information and deliver a professional report based on your findings. Grocery Ltd operate several grocery stores in Dubai; all stores were established four years ago. During the past...
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...Introduction Decision making is a vital part of business. But without having the appropriate source of information it can’t be done properly. One can learn about various fields of business while taking decision. Four procedures of accurate information- gathering data, string data, creating useful information, and presenting them can also be learnt. Currently all the successful organizations use IT based data analysis. This type of data analysis has a lot of advantages. Kellogg India is an US based company focused mainly in cereal products. After the reconstruction of Indian market, it decided to expand its operation in this side of this world. It invested 35 million pound and implemented its western policy. Now after decade’s Ups and Downs, Kellogg is keen to control the lion’s share of Indian domestic market and wants to be the only player. While Kellogg still holds more than 60% share in India's Rs 700-crore organized breakfast cereal market and increased its overall sales 30% in FY12, it is now facing increased competition with multinational and home-grown players including PepsiCo, Marico, GlaxoSmithKline and Dr Oater entering the oats and muesli segments(New York Times 1998). That’s why now it’s going to take some vital decision that will reshape its market strategy. The author can examine a variety of data Sources. He can use any type of data and any type of method and also will use all the necessary tools to represent this work. However Author will clarify the whole...
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...Quantitative Methods for Business Decisions 6th Ed. Thomson Learning London 2008 ISBN 978-1-84480-574-7 Wisniewski M Quantitative Methods for Decision Makers 4th Ed. Pearson Education Harlow 2006 ISBN 978-0-273-68789 -4 Business Decision Making 2nd Ed. BPP Learning Media London 2010 ISBN 978-0-7517-6832-9 Excel for Dummies – specific for the version year e.g. 2003, 2007 and 2010 etc. Online ‘library’ resource available via ilearn EBSCO Business Source Complete Assessment Criteria for PassTo achieve a pass you must meet all of the assessment criteria as stated below. Failure to cover all of the assessment criteria will result in a referral grade and you will be required to re-submit your assignment.Further guidance on completion of your assignment can be found in the guidance notes which are posted on the group learning space by your module tutor. For additional support please post questions onto the group learning space, or email pbyrne@rdi.co.uk | Learning Outcomes/Assessment Criteria | Criteria MetFor tutor use(you may wish to use this in your preparation for your assignment submission) | 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 | Task 2a,b | | 1.2 present the survey methodology and sampling frame used | Task 2c | | 1.3 design a questionnaire for a given business problem | Task 2d | | ...
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...ASSESSMENT COVER SHEET DECEMBER SUBMISSION Unit Number and TitleAssessment TitleCourse TitleAssessment Code | Unit 6: Business Decision Making – Level 5Business Decision MakingHND Business HNDBUS-Unit 6/Business Decision Making/Oct2013 | Hand Out Date | 11th October 2013 | Hand In Date | 21st December 2013 | Lecturer(s) | Mohit Pun Dhan ChooramunGidraph Michuki | Internal Verifier | Jonathan Cartmell | Sources of information | 1. Course notes / Slides / Activities / Handouts 2. Recommended learning textbooks * BPP Business Essential Business Decision Making ISBN:9781445368238 * Newbold, P. et al – Statistics for Business and Economics (Pearson Education,2009) ISBN: 9780135072486 * Day, A. – Mastering Financial Mathematics with Excel: A Practical Guide for Business Calculations (Financial Times/Prentice Hall, 2005) ISBN:9780273688662 * Beynon-Davies, P. – Business Information Systems (Palgrave Macmillan, 2009)ISBN: 9780230203686 | To be filled by the student THIS IS MY FINAL SUBMISSION (Delete if necessary) Student Name | Grace Phanzu | Lecturer | Shafqat Abbas | Student ID | H1309351 | Group(e.g. BDM019) | Luton | Assessment Requirements * An electronic copy of your assessment must be fully uploaded by the deadline date and time. * You must submit one single PDF or MS Office Word document. Any relevant images or screenshots must be included within the same MS Office Word or PDF document. * The last version you upload will be the one that is marked...
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...HND Diploma in Business (Management) | D/601/0578Unit 6: Business Decision Making | Student name / BTEC Registration Number | Assessor name | Nguyễn Thanh NgọcLê Phương MaiNguyễn Thị Hoài Thu | F08-055F08-047F08-067 | MBA Le Thu Hanh | Date issued | Hand in deadline | Submitted on | | | | | | Assignment title | Collection and Analysis of Data for Decision Making (1 of 2) | In this assessment you will have opportunities to provide evidence against the following criteria. Indicate the page numbers where the evidence can be found. | Learning Outcome | Learning outcome | Assessment Criteria | In this assessment you will have the opportunity to present evidence that shows you are able to: | Task no. | Evidence(Page no) | LO1 | Be able to use avariety of sources forthe collection of data,both primary andsecondary | 1.1 | Create a plan for the collection of primary andsecondary data for a given business problem | 1 | 12 | | | 1.2 | Present the survey methodology and sampling frame used | 1 | 12,13 | | | 1.3 | Design a questionnaire for a given business problem | 1 | 13 | LO2 | Understand a range oftechniques to analysedata effectively forbusiness purposes | 2.1 | Create information for decision making bysummarising data using representative values | 2 | 16 | | | 2.2 | Analyse the results to draw valid conclusions in a business context | 2 | 16-51 | | | 2.3 | Analyse data using measures of dispersion to inform a given business scenario | 2 |...
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