Preview

Business Decision Making

Better Essays
Open Document
Open Document
1130 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Business Decision Making
Comprehensive Report with visual presentation and notes You are the Operations Manager for Abyil Ltd, a business strategy consultancy company. You are requested to submit a MIS report to the board of directors of your company. Your task is to prepare the necessary information for decision making using details provided below. Objectives: (Outcomes) 1. Use a variety of sources for the collection of data, both primary and secondary 2. Apply a range of techniques to analyse data effectively for business purposes 3. Produce information in appropriate formats for decision making in an organisational context 4. Use software-generated information to make decisions at operational, tactical and strategic levels in an organisation In your assignment you should consider: (assessment criteria) 1. • 2. • • 3. • • 4. • • • Review and evaluate inventory control systems in an organisation Prepare a spreadsheet to enable material requirements planning and calculate economic order quantities Prepare a project plan for an activity and determine the critical path Using data from a given business scenario, prepare a range of graphs using spreadsheets and draw valid conclusions based on the information derived Use trend lines in spreadsheet graphs to assist in forecasting for specified business information and thus inform decision making Create information for decision making by summarising data using representative values, and use the results to draw valid and useful conclusions in a business context Analyse data using measures of dispersion, and use to inform a given business scenario Integrated with below

Grading Guidance: 1. Brief explanations earns a PASS 2. Answers with relevant examples earns a MERIT 3. Answers with appropriate examples and comparative discussions / recommendations earns a DISTINCTION

Oxford College of London
Assessment format: • This assessment should be in a form of a Management Report on Management Information Production. • You should submit a set of

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Based on the discussion with my learning team of the milk plant business problem, there is a variety of different products that are output from the plant. The amount of product that is produced everyday varies on what they are processing on that given day. The products that are produced are varieties of different milk, half and half, and manufacturing cream. In order to determine how to solve this business problem, I will need to create some random numbers with how many gallons of milk the silos hold on site, how many gallons of the varieties of milk that are processed and produced, how many…

    • 495 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Carefully review the Grading Rubric for the criteria that will be used to evaluate your assignment…

    • 513 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Qcr/502 Report

    • 3931 Words
    • 16 Pages

    Assessment and grading criteria To achieve a pass grade the evidence must show that the learner is able to: To achieve a merit grade the evidence must show that, in addition to the pass criteria, the learner is able to: To achieve a distinction grade the evidence must show that, in addition to the pass and merit criteria, the learner is able to:…

    • 3931 Words
    • 16 Pages
    Powerful Essays
  • Satisfactory Essays

    5. What influence do consumer ratings that fall either above or below the norm have on your managerial decision-making process? For example, when a professor (or an Amazon.com product) is rated with 3 stars, what strength do you place on the few individual reviews that rate them with 1 star or 5…

    • 280 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Job satisfaction and job turnovers can hurt a business with the add expense of training new employees. Our team is discussing ways to conduct a survey for employees in an attempt to understand and correct any problems to lower job turnovers and increase job satisfaction. By understanding how the employees see their position with the company, and how their feel about the operations will give the insight need to improve all areas. Top on our list is learning if employees feel they are valued by the company, also to learn how well they are trained and paid.…

    • 471 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Evaluate the entire selection process for the position. Judge whether mistakes were made and discuss what could have been done differently.…

    • 1257 Words
    • 6 Pages
    Good Essays
  • Satisfactory Essays

    1. Your firm is deciding whether to pursue a $200 R&D project to develop a new drug. You estimate there is a 40% chance of successfully creating the drug, which will generate revenue of $550. Your competitor has just announced that it is spending 150 to pursue development of a similar drug using a different technology. You estimate that there is a 30% chance your competitor will succeed. If both firms succeed, they will each obtain revenue of 275.…

    • 514 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Decision Making

    • 431 Words
    • 2 Pages

    I believe that one of the biggest decisions that my wife and I had to make was deciding to…

    • 431 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Nakamura Lacquer Company of Kyoto, Japan became one of the best manufacturers of lacquerware. Its brand 'Chrysanthemums' was Japan.s best known brand. Now the company had offers to grow in the American market which led to a dilemma for the current owner.…

    • 1019 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    Case Study

    • 256 Words
    • 2 Pages

    4. The kinds of management reports that could be generated from the data is operation times, report’s on the organizations current performance, monitor and control the business and predict future…

    • 256 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Imis

    • 1537 Words
    • 7 Pages

    Answer A2. Responses will note the immediacy of reacting to queries, mechanisms such as online FAQ, online automated help responses (e.g. eBay virtual assistant), options to leave email queries all available 24*7. (5 marks) Answer A3. Managerial decisions based on the output from Management Information Systems. Decisions differ as summarised below, for a manufacturing environment, other scenarios are allowed. One to two marks per pointer to a max of 5. Level Type Tools Typical results Operational structured TPS affect batches Tactical semi structured MIS production switching Strategic unstructured DSS market manoeuvres (5 marks) Answer A4. Emerging technologies and Management Information Systems (MIS) may attract a range of thoughtful responses. Expected pointers might be from: technology changes make current MIS unusable (e.g. BBC English Doomsday Project), environmental changes may allow previously unacceptable threats to become permissible; denial of service attacks generated by newer technology may impinge on an MIS ability to function. Other thoughtful responses may be allowed. Two marks per pointer max five marks. (5 marks) [Turn over]…

    • 1537 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    decision making

    • 2275 Words
    • 10 Pages

    are 40 % (for "D" grade). A(-) to D grades shall be at approximately equal intervals inbetween.…

    • 2275 Words
    • 10 Pages
    Powerful Essays
  • Satisfactory Essays

    Business Decision Making

    • 6314 Words
    • 22 Pages

    Trung niên Giải thích dựa trên cả 2 loại dữ liệuSo sánh mean và SD…

    • 6314 Words
    • 22 Pages
    Satisfactory Essays
  • Good Essays

    Decision Making

    • 1590 Words
    • 7 Pages

    Consumer Behavior: An Overview Environmental Influences Cultural Influence • Culture • Subculture Social Influence • Group • Family Demographic Influence •Age, Gender • Income Psychographic Influence • Value • Personality • Lifestyle Situational Influence • Purchase • Usage Consumer Decision Making…

    • 1590 Words
    • 7 Pages
    Good Essays
  • Better Essays

    business decision making

    • 1231 Words
    • 5 Pages

    If the demand for my imports is down, I will conduct marketing campaigns within my country so as to increase the demands for my goods. I will also export to countries where the demand for my products is high (Thomas A. 2012).…

    • 1231 Words
    • 5 Pages
    Better Essays

Related Topics