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Assignment title - BUSINESS DECISION LO1 Be able to use avariety of sources forthe collection of data,both primary and secondary 1.1 create a plan for the collection of primary and secondary data for a given business problem1.2 present the survey methodology and sampling frame used1.3 design a questionnaire for a given business problemLO2 Understand a range of techniques to analyse data effectively forbusiness purposes 2.1 create information for decision making by summarising data using representative values2.2 analyse the results to draw valid conclusions in a business context2.3 analyse data using measures of dispersion to inform a given business scenario2.4 explain how quartiles, percentiles and the correlation coefficient are used to draw useful conclusions in a business contextLO3 Be able to produce information inappropriate formats for decision making in an organisational context 3.1 produce graphs using spreadsheets and draw valid conclusions based on the information derived3.2 create trend lines in spreadsheet graphs to assist in forecasting for specified business information3.3 prepare a business presentation using suitable software and techniques to disseminate information effectively3.4 produce a formal business reportLO4 Be able to usesoftware-generated information to make decisions in anorganisation 4.1 use appropriate information processing tools4.2 prepare a project plan for an activity and determine the critical path4.3 Use financial tools for decision making.Purpose of this assignmentFor this assignment you need to produce a report. You are required to use variety of sources for the collection of data, have range of techniques to analyze the data, produce information in appropriate formats for decision making and use appropriate software-generated information.ScenarioA restaurant chain planned to open its second restaurant in London. To ensure this is a viable move, the shareholders are keen to understand the market. Therefore you are asked to carry out a planned data collection and data analysis to help the board of directors in understanding the customer preferences.Task 1Report on Data Collection and Analysis, In this report;Create a plan for primary and secondary data collection with presenting the survey methodology & sampling frame usedDesign a questionnaire to collect data and provide a justification for its designCollect data and summarise the collected data using representative valuesAnalyse the collected data using measures of dispersion. You must be able to use the analysis to inform and support decision making.Carry out suitable calculations to draw useful and realistic conclusions and provide valid recommendations your calculations must include quartile, percentiles and the correlation coefficient. Explain how these calculations helped you to draw useful conclusions.To achieve M1, have effective judgements and approach in using variety of sources for the collection of data and range of techniques to analyse data effectively To achieve D1, justify conclusions through synthesis of ideas and propose realistic improvements for the collection of data and range of techniques to analyse data effectively To achieve D2, properly manage activities in using variety of sources for the collection of data and range of techniques to analyse data effectively Task 2 Prepare a Business Presentation and a formal Business Report to disseminate information effectivelywhich include;the findings which should be used to draw valid conclusions (You must use spreadsheet software for all calculations and incorporate graphs and charts to clearly effectively present the findings)trend lines in graphs to assist in forecasting for specified business information. For example, this may include people’s eating behaviours overtime and preferences against seasonal changes.A plan for the project identifying the Critical Success Factors and the Critical pathto implement a business process and the recommendations you are suggesting from your findings. For example, a business process to serve customersDifferent financial tools such as discounted cash flow and IRR functions to evaluatethe financial viability if the proposed recommendationsTo achieve M2, apply and justify learning methods/techniques, synthesise and process complex information to produce information in appropriate formats in decision making and in using software-generated information To achieve M3, you need to use range of methods of presentation, have accurate technical language and appropriate communication to produce information in appropriate formats in decision making and in using software-generated information.To achieve D3, incorporate your previous knowledge to produce information in appropriate formats in decision making and in using software-generated information.
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