BUSINESS DECISION

BUSINESS DECISION

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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
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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
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Task Evidence
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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
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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
?
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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.
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demonstrate a synoptic understanding of
the business environment.
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UNIT 6
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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
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UNIT 6
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?
?
?
?
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.
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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
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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
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