BUSINESS DECISION

BUSINESS DECISION Order Description please see the atteched document Assignment front sheet Qualification Unit number and title Pearson BTEC Level 5 HND Diploma Business Unit 6: Business Decision Making Student name Assessor name MOUROUHAN ARIFOGLU Date issued Completion date Submitted on 13th October 2014 30th January 2015 30th January 2015 Assignment title BUSINESS DECISION Learning Outcome LO1 LO2 LO3 LO4 Version 1.2 Learning outcome Assessme nt Criteria Be able to use a variety of sources for the collection of data, both primary and secondary 1.1 In this assessment you will have the opportunity to present evidence that shows you are able to: create a plan for the collection of primary and secondary data for a given business problem 1.2 present the survey methodology and sampling frame used 1.3 design a questionnaire for a given business problem Understand a range of techniques to analyse data effectively for business purposes 2.1 Be able to produce information in appropriate formats for decision making in an organisation al context 3.1 create information for decision making by summarising data using representative values analyse the results to draw valid conclusions in a business context analyse data using measures of dispersion to inform a given business scenario explain how quartiles, percentiles and the correlation coefficient are used to draw useful conclusions in a business context produce graphs using spreadsheets and draw valid conclusions based on the information derived create trend lines in spreadsheet graphs to assist in forecasting for specified business information prepare a business presentation using suitable software and techniques to disseminate information effectively 3.4 produce a formal business report Be able to use 4.1 use appropriate information processing tools 2.2 2.3 2.4 3.2 3.3 UNIT 6 Task Evidence no. (Page no) REGENT COLLEGRE softwaregenerated information to make decisions in an organisation 4.2 4.3 prepare a project plan for an activity and determine the critical path Use financial tools for decision making. Learner declaration I certify that the work submitted for this assignment is my own and research sources are fully acknowledged. Student signature: Version 1.2 Date: UNIT 6 REGENT COLLEGRE In addition to the above PASS criteria, this assignment gives you the opportunity to submit evidence in order to achieve the following MERIT and DISTINCTION grades Grade Descriptor M1Identify and apply strategies to find appropriate solutions M2 Select / design and apply appropriate methods / techniques Indicative characteristic/s ? ? An effective approach to study and research has been applied. ? Appropriate learning methods/techniques have been applied. The selection of methods and techniques/source has been justified Complex information/data has been synthesised and processed To 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 Task 2 ? ? ? D1 Use critical reflection to evaluate own work and justify valid conclusions ? ? D2 Take responsibility for managing and organising activities ? D3 Demonstrate convergent /lateral / creative thinking ? Version 1.2 Effective judgements have been made. 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 Task 1 ? M3 Present and communicate appropriate findings Contextualisation A range of methods of presentation have been used and technical language has been accurately used. Communication is appropriate for familiar and unfamiliar audiences and appropriate media have been used. 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. Conclusions have been arrived at through synthesis of ideas and have been justified. Realistic improvements have been proposed against defined characteristics for success. 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 Task 2 Task 1 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 1 To achieve D3, incorporate your previous knowledge to Relevant knowledge gained from previous produce information in appropriate formats in decision units has been incorporated in this unit, to making and in using software-generated information. Task 2 Activities have been managed. UNIT 6 REGENT COLLEGRE demonstrate a synoptic understanding of the business environment. Version 1.2 UNIT 6 REGENT COLLEGRE Assignment brief Unit number and title Unit 6: Business Decision Making Qualification Pearson BTEC Level 5 HND Diploma in Business Start date 13th October 2014 Deadline/hand-in 30th January Assessor MOUROUHAN ARIFOGLU Assignment title REPORT 2015 Purpose of this assignment For this assignment you need to produce a report. You are required to use a variety of sources for the collection of data, use a range of techniques to analyse the data, produce information in appropriate formats for decision making and use appropriate software-generated information. Scenario A restaurant chain plans 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 pricing preferences.(e.g. income &price, age &price) Task 1(LO 1: 1.1, 1.2, 1.3 and LO 2:2.1, 2.2, 2.3) (M1, D 1,D2) Report on Data Collection and Analysis, In this report; ? ? ? ? ? Create a plan for primary and secondary data collection with presenting the survey methodology & sampling frame used Design a questionnaire to collect data and provide a justification for its design Collect data and summarise the collected data using representative values Analyse the collected data using measures of dispersion. You must be able to use the analysis of the pricing preferences 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 (LO 3: 3.1, 3.2, 3.3, 3.4 and LO 4: 4.1, 4.2, 4.3)(M2,M3,D3) Prepare a Business Presentation and a formal Business Report to disseminate information effectively which include; ? ? ? the findings which should be used to draw valid conclusions .You must use spreadsheet software for all calculations and incorporate graphs and charts(line,pie,bar chart,histogram,scatter ) to clearly and 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 business presentation to disseminate information effectively Version 1.2 UNIT 6 REGENT COLLEGRE ? ? ? ? Prepare a formal Business Report to be presented to the board of directors Use appropriate information processing tools to analyse the information Plan for the project, identifying relevant CRITICAL PATH, PERT, GANNT Chart, to implement a business process and the recommendations you are suggesting from your findings. For example, a business process to serve customers (It is essential to use appropriate project management software) different financial tools such as discounted cash flow, net present value and IRR functions to evaluate the financial viability of the proposed recommendations To 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 softwaregenerated 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. Evidence checklist Task 1 Evidence presented Summary of evidence required by student A report that demonstrates the ability to use a variety of sources for the collection of data (both primary and secondary) and range of techniques to analyse data effectively for business purposes. The report must be written in professional manner and properly referenced. You may use tables and diagrams to support your report and to illustrate the text. The report should comply with the word count of 1500 with +/- 10% margin. Produce a pack which includes presentation slides, spreadsheet and a business report. Your spreadsheet must include the data from your chosen sample size (max 50) together with the graphs and the trend lines. Task 2 The report must be written in a professional manner and properly referenced. The report should comply with the word count of 1000 with +/10% margin. You may use tables and diagrams to support your report and to illustrate the text. Word count excludes the index, headings, information contained in tables, references and bibliography. Presentation slides and spreadsheets must be also submitted as a printed copy. You may use tables and diagrams. Version 1.2 UNIT 6 REGENT COLLEGRE Achievement Summary Qualification Unit Number and title Criteria Reference LO 1 1.1 1.2 1.3 LO 2 2.1 2.2 2.3 2.4 LO 3 3.1 3.2 3.3 3.4 LO 4 4.1 4.2 4.3 Pearson BTEC Level 5 HND Diploma in Business Assessor name Unit 6: Business Decision Making Student name To achieve the criteria the evidence must show that the student is able to: Achieved? (tick) create a plan for the collection of primary and secondary data for a given business problem present the survey methodology and sampling frame used design a questionnaire for a given business problem create information for decision making by summarising data using representative values analyse the results to draw valid conclusions in a business context analyse data using measures of dispersion to inform a given business scenario explain how quartiles, percentiles and the correlation coefficient are used to draw useful conclusions in a business context produce graphs using spreadsheets and draw valid conclusions based on the information derived create trend lines in spreadsheet graphs to assist in forecasting for specified business information prepare a business presentation using suitable software and techniques to disseminate information effectively produce a formal business report use appropriate information processing tools prepare a project plan for an activity and determine the critical path use financial tools for decision making Higher Grade achievements (where applicable) Grade descriptor Achieved? (tick) M1: Identify and apply strategies to find appropriate solutions Grade descriptor Achieved? (tick) D1: Use critical reflection to evaluate own work and justify valid conclusions M2: Select/design and apply appropriate methods/techniques D2: Take responsibility for managing and organising activities M3: Present and communicate appropriate findings D3: Demonstrate convergent/lateral /creative thinking Version 1.2 UNIT 6 REGENT COLLEGRE Assignment Feedback Formative Feedback: Assessor to Student Action Plan Summative feedback Feedback: Student to Assessor Assessor Signature Date Student Signature Date Version 1.2 UNIT 6 REGENT COLLEGRE PLACE THIS ORDER OR A SIMILAR ORDER WITH US TODAY AND GET AN AMAZING DISCOUNT :)