Q

Determine the critical path for the project

Unit 6 Data Collection in Business Decision Making Assignment Help - Unit 6 Business Decision Making - Level 5 (Diploma in Business)
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Unit 6 Business Decision Making

Data Collection in Business Decision Making

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Task 1:

Question 1 Present the survey methodology and sampling frame used for the survey into student experience and perception about UKCBC.

Question 2 Design a questionnaire for collecting data into survey into student experience and perception about UKCBC.

Task 2:

Question 1 Create information for decision making by summarizing data gathered from the survey in task 1.3 by creating a frequency table and then calculate representative values (arithmetic mean, median and mode) from your data.

Question 2 Analyse the results of task 1.3 to draw valid conclusions about the survey.

Question 3 Analyse data using measures of dispersion to inform a given business scenario (standard deviations)

Question 4 Explain how quartiles, percentiles and the correlation coefficient are used to draw useful conclusions in a business context.

Task 3:

Question 1- Produce graphs using spreadsheets and draw valid conclusions based on the data analysed in Task 2.2.

Question 2- Using the information below (or gather past data on your chosen business problem) create trend lines in a spreadsheet using scatter graphs to assist in forecasting student population for 2017 and 2018 based on extrapolation of previous year's data.

Question 3 - Prepare a power point presentation to be presented to UKCBC Board of Directors on your key findings.

Question 4 - Produce a formal business report to UKCBC Board of Directors about your findings and recommendations.

Task 4:

Question 1 Using the new ‘SITS: Vision' tool explain how it will support information processing at operational, tactical and strategic levels for UKCBC giving examples.

Question 2 Using the activity table given above for the project determine the critical path for the project.

Question 3 From the information provided above, assess the viability of the project using suitable financial tools Net Present Value (NPV) and Internal Rate of Return (IRR) at 3% and 5% discount factor.

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Sharpen your analytical edge:

Master the framework: Delve into common decision-making models like SWOT, PESTLE, and Porter's Five Forces, gaining expertise in applying them to real-world challenges.
Data's the key: Learn to collect, analyze, and interpret data, from quantitative surveys to qualitative interviews, building a strong foundation for informed decisions.
Embrace uncertainty: Develop risk assessment and mitigation strategies, preparing for unforeseen circumstances and ensuring your recommendations are robust.

Navigate the decision landscape:

Stakeholder savvy: Identify and prioritize stakeholder interests, crafting solutions that balance competing needs and build consensus.
Ethical compass: Grapple with ethical dilemmas and apply corporate social responsibility principles to your decision-making process.
Communication is king: Learn to communicate recommendations effectively, persuading stakeholders and influencing action with clarity and confidence.

This guide is your passport to acing your Unit 6 assignment. It offers:

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  • Case studies and real-world examples
  • Academic references and theoretical grounding
  • Guidance on structuring your analysis and recommendations

Remember, a successful decision isn't just about picking the right option. It's about a well-structured, data-driven, and ethically-aware process. This guide helps you navigate that process with confidence, showcasing your decision-making prowess at Level 5.

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