Unit 6: Business Decision Making Assignment Brief ;Regent College - Essay Prowess
Notice: Uninitialized string offset: 0 in /home/essaplcv/web/essayprowess.com/public_html/wp-content/plugins/wordpress-seo-premium/frontend/class-twitter.php on line 495

Unit 6: Business Decision Making Assignment Brief ;Regent College

Unit 6: Business Decision Making Assignment Brief ;Regent College

  

Regent College Higher Education

Assignment front sheet

QualificationUnit number and title
Pearson BTEC Level 5 HND Diploma Business  Unit 6: Business Decision Making
Student nameAssessor name
 MOUROUHAN ARIFOGLU
Date issuedCompletion dateSubmitted on
21/07/201417/10/201417/10/2014
 
  Assignment title  BUSINESS DECISION
Learning Outcome  Learning outcomeAssessme nt CriteriaIn this assessment you will have the opportunity to present evidence that shows you are able to:Task no.  Evidence (Page no)
      LO1Be able to use a variety of sources for the collection of data, both primary and secondary1.1create a plan for the collection of primary and secondary data for a given business problem  
1.2present the survey methodology and sampling frame used  
1.3design a questionnaire for a given business problem  
      LO2Understand a range of techniques to analyse data effectively for business purposes2.1create information for decision making by summarising data using representative values  
2.2analyse the results to draw valid conclusions in a business context  
2.3analyse data using measures of dispersion to inform a given business scenario  
2.4explain how quartiles, percentiles and the correlation coefficient are used to draw useful conclusions in a business context  
        LO3Be able to produce information in appropriate formats for decision making in an organisation al context3.1produce graphs using spreadsheets and draw valid conclusions based on the information derived  
3.2create trend lines in spreadsheet graphs to assist in forecasting for specified business information  
3.3prepare a business presentation using suitable software and techniques to disseminate information effectively  
3.4produce a formal business report  
  LO4Be able to use software- generated4.1use appropriate information processing tools  
4.2prepare a project plan for an activity and determine the critical path  
4.3Use financial tools for decision making.  
 information to make decisions in an organisation    
Learner declaration
  I certify that the work submitted for this assignment is my own and research sources are fully acknowledged.   Student signature:                                                Date:
  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  Indicative characteristic/s  Contextualisation
M1Identify and apply strategies to find appropriate solutionsEffective judgements have been made.   An effective approach to study and research has been applied.To achieve M1, you will have demonstrated ability to ma ke logical and effective judgements about choice of sources and methods for data collection and displayed conceptual competenc e in collating data and tools/techniques for effective analysis. Task 1
M2 Select / design and apply appropriate methods / techniquesAppropriate learning methods/tec hniques have been applied.The selection of methods and techniques/source has been justified Complex information/data has been synthesised and processedTo achieve M2, you will have demonstrated expertise in designing various analysis tools/techniques to synthesise and process complex data, using relevant software where warranted, and displayed the ability to draw appropriat e conclusions to aid business decision-making. Task 2
M3 Present and communicate appropriate findingsA range of methods of presentation have been used and technical language has been accurately used.Communic ation is appropriate for familiar and unfamilia r audiences and appropriate media have been used.To achieve M3, you will have used range of methods to present information and conclusions while demonstrating your expertise at effectively using appropriate technical language, numeric al and non-numeric al representations of information and software-generated information. Task 2
D1 Use critical reflection to evaluate own work and justify valid conclusionsConclusions have been arrived at through synthesis of ideas and have been justified.Realistic improve ments have been proposed against defined characteristics for success.To achieve D1, you will have demonstrated ability to critically evaluate various sources and data collection methods used by you and discuss the limitations of analysis tools/techniques in the light of existing academic literature and recent advances. Task 1
D2 Take responsibility for managing and organising activities  Activities have been managed.To achieve D2, you will have demonstrated expertise in highly effective collection of data, handling of software and information technology tools and excellence in presentation of information while critically reflecting on how various constraints in the project have been handled. Task 1
D3 Demonstrate convergent /lateral / creative thinkingRelevant knowledge gained from previous units has been incorporated in this unit, to demonstrate a synoptic understanding of the business environment.To achieve D3, you will have demonstrated a high degree of creativity by reflecting on other possible interpretations of your results and presenting interesting arguments, other areas for possible research, managerial solutions and/or creative possibilities and conjectures based on your existing knowledge of business. Task 2

Assignment brief

Unit number and titleUnit 6: Business Decision Making
QualificationPearson BTEC Level 5 HND Diploma in Business
Start date21/07/2014
Deadline/hand-in17/10/2014
AssessorMOUROUHAN ARIFOGLU
Assignment titleBUSINESS DECISION
Purpose of this assignment For 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 analyse the data, produce information in appropriate formats for decision making and use appropriate software-generated information.
Scenario A restaurant chain is planning to open its second restaurant in London. Therefore you are asked to carry out a detailed report on market study of customer preferences, financial viability assumptions and development project scheduling to help the board of directors understand the overall feasibility of this business proposal.
Task 1(LO 1: 1.1, 1.2, 1.3 and LO 2:2.1, 2.2, 2.3) (M1,D1,D2)   Report on Data Collection and Analysis for Study of Market preferences, In this report;   Create a plan for primary and secondary data collection while 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 to inform and support decision making.Carry out suitable calculations to draw useful and realistic conclusions and provide valid recommendations to the board of directors. Your calculations must include quartile, percentiles and the correlation coefficient. Explain how these calculations helped you to draw useful conclusions.   To achieve M1, you will have demonstrated ability to make logical and effective judgements about choice of sources and methods for data collection and displayed conceptual competenc e in collating data and tools/techniques for effective analysis.   To achieve D1, you will have demonstrated ability to critically evaluate various sources and data collection methods used by you and discuss the limitations of analysis tools/techniques in the light of existing academic literature and recent advances.   To achieve D2, you will have demonstrated expertise in highly effective collection of data, handling of software and information technology tools and excellence in presentation of information while critically reflecting on how various constraints in the project have been handled.
Task 2 (LO 3: 3.1, 3.2, 3.3, 3.4 and LO 4: 4.1, 4.2, 4.3)(M2,M3,D3)   Graphs, Flowcharts and Numeric al Reports on Financial Viability and Project Imple mentation and necessary explanations, In this report;   the findings under Task 1 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) using 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 path to impleme nt a business process and the recommendations you are suggesting from your findings. For example, a business process to serve customers (You must use network planning software)different financial tools such as discounted cash flow and IRR functions to evaluate the financial viability if the proposed recommendationsprepare a business presentation using suitable software and techniques to disseminate information effectively and produce a formal business report   To achieve M2, you will have demonstrated expertise in designing various analysis tools/techniques to synthesise and process complex data, using relevant software where warranted, and displayed the ability to draw appropriate conclusions to aid business decision-making.   To achieve M3, you will have used range of methods to present information and conclusions while demonstrating your expertise at effectively using appropriate technical language, numeric al and non- numeric al representations of information and software-generated information.   To achieve D3, you will have demonstrated a high degree of creativity by reflecting on other possible interpretations of your results and presenting interesting arguments, other areas for possible research, managerial solutions and/or creative possibilities and conjectures based on your existing knowledge of business.
Evidence checklist  Summary of evidence required by studentEvidence presented
      Task 1      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 . 
      Task 2    Produce a pack which includes presentation slides, spreadsheet and a business report and incorporate charts (inserted as picture file), relevant parts of your spread sheet, flowcharts/graphs/tables and the necessary explanations, all incorporated into the same word file as task 1. 

The single document report incorporating both Task 1 and Task 2 (to be uploaded on Turnitin), must be written in a professional manner and properly referenced. You may use tables and diagrams to support your report to illustrate the text. The Total Word count of the entire document incorporating both Task 1 and Task 2 should not exceed 3000 with +/- 10% percent margin. The word count excludes the index, headings, information contained in tables, appendices, references and bibliography.

Achievement Summary

  QualificationPearson BTEC Level 5 HND Diploma in Business  Assessor name 
  Unit Number and title  Unit 6: Business Decision Making  Student name 
 
Criteria ReferenceTo achieve the criteria the evidence must show that the student is able to:Achieved? (tick)
LO 1  
1.1create a plan for the collection of primary and secondary data for a given business problem 
1.2present the survey methodology and sampling frame used 
1.3design a questionnaire for a given business problem 
LO 2  
2.1create information for decision making by summarising data using representative values 
2.2analyse the results to draw valid conclusions in a business context 
2.3analyse data using measures of dispersion to inform a given business scenario 
2.4explain how quartiles, percentiles and the correlation coefficient are used to draw useful conclusions in a business context 
LO 3  
3.1produce graphs using spreadsheets and draw valid conclusions based on the information derived 
3.2create trend lines in spreadsheet graphs to assist in forecasting for specified business information 
3.3prepare a business presentation using suitable software and techniques to disseminate information effectively 
3.4produce a formal business report 
LO 4  
4.1use appropriate information processing tools 
4.2prepare a project plan for an activity and determine the critical path 
4.3use financial tools for decision making 
 
  Higher Grade achievements (where applicable)
  Grade descriptor  Achieved? (tick)  Grade descriptor  Achieved? (tick)
  M1: Identify and apply strategies to find appropriate solutions   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 

Assignment Feedback

Formative Feedback: Assessor to Student
Action Plan
Summative feedback
Feedback: Student to Assessor
  Assessor Signature   Date 
  Student Signature   Date