Business Decision Making

Topics: Decision making, Management, Strategic management Pages: 11 (2636 words) Published: November 28, 2014
ASSIGNMENT BRIEF

Qualification
Unit number, code and title
Pearson BTEC Level 5 HND Diploma Business
Unit 6, K/601/0578, Business Decision Making
Module Leader:
Lecturers:
Hillary E.K
Hillary – Owusu - Mudassar – Bekhzod – Peter
Distribution date
Submission deadline
WC – 22/09/2014
07/12/2014

Assignment title
BDM: Business Decision Making

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 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
1

1.2
Present the survey methodology and sampling frame used
2

1.3
Design a questionnaire for a given business problem.
3

LO2

Understand a range of techniques to analyse data effectively for business purposes 2.1
Create information for decision making by summarising data using representative values. 4

2.2
Analyse the results to draw valid conclusions in a business context 5

2.3
Analyse data using measures of dispersion to inform a given business scenario 6

2.4
Explain how quartile, percentile and the correlation coefficient are used to draw useful conclusions in a business context 7

LO3
Be able to produce information in appropriate formats for decision making in an organizational context 3.1

Produce graphs using spreadsheet and draw valid conclusions based on the information derived.

8

3.2
Create trend lines in spreadsheet graphs to assist in forecasting for specified business information

9

3.3
Prepare a business presentation using suitable software and techniques to disseminate information effectively 10

3.4
Produce a formal business report
11

Be able to use software generated information to make decisions in an organization 4.1

Use appropriate information processing tools
12

LO4

4.2
Prepare a project plan for an activity and determine the critical path

13

4.3

Use financial tools for decision making

14

Learner declaration
I certify that the work submitted for this assignment is my own and research sources are fully acknowledged.

Student signature: Date:

Assignment brief
Unit number and title
Unit 6: Business Decision Making
Qualification
Pearson BTEC Level 5 HND Diploma in Business
Start date
WC – 22/09/2014
Deadline/hand-in
03/12/2014
Assessor

Assignment title
Business Decision Making
Purpose of this assignment

Through this assignment the learner will learn and will be able to demonstrate how to gather information and present it in a suitable format so that appropriate business decisions can be made. The assignment also underpins the basics of data gathering and presentation needed for the Research Project. In the first instance, learners do not need to understand the mathematical derivation of formulae but they will need to learn how to use spreadsheets and other software for data analysis. This includes the manipulation of numbers e.g. calculation of measures of dispersion and representative values and the preparation of information e.g. forecasting and reporting results.

PART – A

You are a partner and also work as a business consultant in a company called Capital Consultant which provides variety of business management consultancy services on wide range of issues. Your company has been approached by Mr. Graeme Craig, the business development director at TFL (travel for London) to seek an advice on bus service on route No 23. Mr. Craig is planning to shut down the bus service at route no 23 as he thinks that the bus service is not used by many people on this route, and running the service costs the Government huge amount of money. The route 23 vicinity is dwelled by the businesspersons and all of the households have at least one car at...
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