Thesis about Group Decision Making; PhD degree for ..

LO 4. Be able to use software generated information to make decisions in an organisation

Essay on Decision Making Thesis - 6509 Words

Scenario
You will be required to do your own research on single, including muti-national, private, as well as public companies, to understand the relationship between acquisition of data and then making of use of the data to build a framework for organisations, which helps them to take decisions effectively, as well as to understanddifferent approaches to primary and secondary research and how these can be used for correct interpretation of the data. You will focus your research on qualitative and quantitative research methodologies that can be utilized in organisations, as well as use different statistical techniques to draw out coherent analysis of the research methodologies adopted.

LO 3. Be able to produce information in appropriate formats for decision making in an organisational context

Thesis about Group Decision Making; PhD degree for …

Question 1: From the data below calculate the median, the upper quartile and the lower quartile.
7, 48, 50, 16, 44, 42, 8, 40, 44, 42, 37
Explain the significance of using medians and quartiles in business context of decision making. (Criteria 2.1)

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Use of representative values, analysis of data using given situations, dispersion techniques analysis, use of quartiles, percentiles and correlation coefficient to draw useful conclusions.
(Criteria 2.1 to 2.4:2.1 create information for decision making by summarizing data using representative values; 2.2 analyse the results to draw valid conclusions in a business context; 2.3 analyse data using measures of dispersion to inform a given business scenario; 2.4 explain how quartiles, percentiles and the correlation coefficient are used to draw useful conclusions in a business context)

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Question 2: If the mean of numbers 28, x, 42, 78 and 104 is 62, then what is the mean of 128, 255, 511, 1023 and x?
Explain the significance of mean and mode in business context of decision making. (Criteria 2.1)

Follow the guidelines for “Pass” criteria

The primary aim of this assignment is to help you to produce information in different formats of Microsoft Office, as well as use software generated information in organisations to help them to take good decisions. The business scenario is generated for good inventory control management, project management as well as use of financial tools in business context.
Scenario
You will be required to do your own research on usage of Microsoft office tools with respect to different business scenarios generated for you, as well as analyse logically how these can be utilized efficiently in businesses to help them take effective decisions. You will focus your work on making good workable reports and presentations to aid your management in giving out a clear coherent framework to them to eventually help them take business decisions. Also, different scenarios will be generated to enable you to use software generated information to help make decisions in organisations, as well as to get an insight into the mechanics of inventory management, project management and financial tools.

SImple and straight to the point

3.4 – Produce a formal business report.
To achieve a Merit you need to:
M1 – You will need to demonstrate how the data collected can be analysed to form effective judgments about the research problem.
M2 – You will need to show evidence that a range of sources of primary and secondary data has been used to gather information for the purpose of research.
M3 – You will need to ensure that the appropriate structure and approach has been used in preparing the business report. Also, your report shall be submitted on time.

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In business, good decision making requires effective use of information. A Sales Director of Grocery Ltd, the recently established mass retail business in Dubai, seeks information on the grocery market in Dubai in order to make several important business decisions. He appointed you as his consultant to analyse relevant market data/ information and deliver a professional report based on your findings.