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Business Decision Making - Food for Friends

University: Regent College London

  • Unit No: 0
  • Level: Undergraduate/College
  • Pages: 10
  • Words: 2500
  • Paper Type: Dissertation
  • Course Code:

    BMA704

  • Country: UK
  • Downloads: 0
Question :

With the help of this report the understanding of the decision-making for the business is developed so that growth of the business can be ensured. The restaurant is taken into consideration along with various principles and techniques of business decision making. The questions to be answered includes:

  • Sources for the collection of data are identified
  • Techniques for analysing the data for the business purpose
  • Information is to be produced for decision making
  • Ensure the use of software generated information 
Answer :
Organization Selected : Food for Friends

INTRODUCTION

Business decision making is the most effective tool that can be used by the organization in order to gain the sustainability in an effective manner (Schmoldt and et. al., 2013). Decision making is the tool that can be used by the organization for making an efficient manner. By using an efficient tool in the research, food for friends is planning to expand its franchise in central London. However, this can be rightly said that the business can be used for making an efficient business objective in an efficient manner. Here the primary research is to be taken for doing the survey via questionnaire in an effective manner (Xu, 2015).

TASK 1

1.1 Create a plan:

Planning is necessary for in every task. Now, this can be rightly said that the management of the cited restaurant needs to evaluate the proposed business environment by conducting primary research. Questionnaire is the main tool that can be used for doing the survey. But, there is a question about the survey. How, this data can be gathered? Well, by using primary method survey can be done. Here are basically two kinds of methods for collecting the data.

Primary data method: This is the data which is gathered for the first time and used for the business for attaining the sustainable development. Now, this can be simply said that the management of the cited restaurant needs to evaluate the market where the restaurant is looking to open its branch. There are various ways by which the primary data can be achieved in an effective manner. Some of them are: Questionnaire, observations, interviews and others. This is simply said that the data collecting technique by using primary method is too much costly and time consuming process as this requires so much attention while carrying research (Zolfani and et. al., 2013). This can be used when the data is short or requirement of the data is less needed.

Secondary data method: This is the tool which is used by the organization for making the business objectives in an efficient manner. Now, this can be rightly said that the management of the cited organization for making an efficient tool in an efficient manner. The data which have already been published are used in the secondary method. Secondary methods are the most effective tool that can be used by the organization for making the business objectives achievable in an effective manner. Secondary method is the most effective method that can be attained in an effective tool.

1.2: Survey methodologies and sample framing:

The crucial aim of gathering survey for gathering information from diverse respondents that are highly concerned for the aim of drawing out solutions. For aiming of an efficient report, there is a strong requirement to convene the primary research that renders feedback which are related to their diverse kinds of problems (Shapiro and Stefkovich, 2016). This assists in forming an efficient decision and carry out the changes that could satisfy their diverse criteria.

Survey methodologies: This comprises about process of gathering survey by the Foods for Friends in order to achieve the diverse respondents’ perceptions regarding cited restaurants services and food quality. To convene the research, cited restaurant fixed to implement primary and secondary method of data collection (Tufféry, 2011). Under which questionnaire method is implemented by the researcher that could comprises diverse kinds of questions related to the issues which are faced the Food for Friends and distribute among the respondents.

Sample framework: This comprises process of selection of the sample from the total population. For this aim, researcher might implement diverse kinds of tools such as the random sampling method, cluster sampling method, stratified sampling and much more. these tools for collecting the data from the diverse respondents as this does not possible in order to convene research from the entire population.

Researcher opt random sampling method for collecting the data from various respondents that is more strong and convenient tool for selection of sample from the total population. There are diverse kinds of benefits which are to be used for making sustainable development for gaining the sustainability. This is the main cause behind the selection of this tool (Yager and Kacprzyk, 2012). For purpose of convening the research, there are almost 60 respondents from the total population. Diverse kinds of issues for which diverse questions are frequently asked to respondents comprising about:

  • Diversity in services
  • Quality of food products
  • Price
  • Working at Food for friends

Related Sample:Evaluation of unequal aboriginal health access

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