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Business Decision Making Essay

1584 words - 7 pages

Assignment front sheet
Qualification Pearson BTEC Level 5 HND Diploma Business Student name Unit number and title

Unit 6: Business Decision Making

Assessor name James Kwok

Date issued

Completion date

Submitted on

5th January 2015

16th February 2015

Assignment title

BDM: To start-up a upstairs coffee cafe in the city(2 of 2)

Learning Outcome

Learning outcome Be able to produce information in appropriate formats for decision making in an organisational context

Assessment Criteria 3.1 3.2 3.3 3.4

LO3

In this assessment you will have the opportunity to present evidence that shows you are able to: Produce graphs using spreadsheets and draw valid ...view middle of the document...

(Task 3) To achieve M2, you will have designed and used suitable spreadsheet software to process the statistical and financial information. You will also require to utilize the spreadsheet features such as "what-if" analysis, multiple interacting sheets, etc to display collected data either as text and numerals, or in graphical form. You will also have used suitable statistical techniques to brief the data collected in the ways as mentioned above to explore the target area for future business of the client. (Task3 and 4) M3 Present and communicate appropriate findings Communication is appropriate for familiar and unfamiliar audiences and appropriate media have been used. A range of methods of calculations and presentation have been used and appropriate business format has been accurately used D1 Use critical reflection to evaluate own Conclusions have been arrived at through synthesis of ideas and have been justified. work and justify valid conclusions Realistic improvements have been proposed against defined characteristics for success. The validity of results has been evaluated To achieve M3 the work you present will be presented in suitable business formats and will use business terminology accurately. (Task 4) To achieve D1 you will have interpreted various statistical and financial calculations, as well as results through appropriate business presentation format and disseminate information effectively. (Task 3)

Effective judgements have been made An effective approach to demonstrate the creation and interpretation of graphic presentation using spreadsheets

M2 Select / design and apply appropriate methods / techniques The design of methods/techniques has been applied and justified A range of sources of information has been produced in appropriate formats for decision making in an organisational context

using defined criteria D2 Take responsibility for managing and organising activities To achieve D2 you will have demonstrated an effective approach to apply the project management skills, as well as utilize the appropriate software financial functions to draw meaningful conclusion for the management decision making. (Task 4)

Substantial activities, projects or investigations have been planned, managed and organised, Activities have been managed.

D3 Demonstrate convergent /lateral / creative thinking

This will be awarded based upon overall report, formats, creativity and style of writing.

Please note that for unit assignments assessors should use these or other exemplar indicative characteristics for the individual grade descriptors from Annexe C of the HN specification or any other relevant indicative characteristics for the particular assignment. The indicative characteristic should then be contextualised. Only one indicative characteristic per grade descriptor, M2, M2, M3, D1, D2, D3 is required.

Assignment brief
Unit number and title Qualification Start date Deadline/hand-in Assessor Unit 6: Business Decision...

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