Unit 6 Business Decision Making

Topics: Citation, Decision making, Harvard Business School Publishing Pages: 22 (5304 words) Published: February 20, 2015
Page 1 of 22

Centre Name/logo
Programme Title
Unit No & Title
QCF Level:
Assignment No/Title
Tutor/Assessor
Written by

Essex International College
BTEC HND in Business
Unit 6 Business Decision Making
5
Credit: 15
Y/601/0578
Acorn Research Consultants
Please Provide Tutor Name Here
/Assessor Panel
Dr Keith Hoodless
To meet LO 1

Assessment method

To meet LO 2
To meet LO 3

Written Report not exceeding 4000
words covering all tasks

To meet LO 4

Key dates:
Assignment distribution date to learners

20th January 2014

Assignment submission date

14th April 2014

Assignment returns date to learners (if applicable)

Within 4 weeks
after Submission

Aim
The aim of this unit is to give learners the opportunity to develop techniques for data gathering and storage, an understanding of the tools available to create and present useful information, in order to make business decisions

Summary of Learning Outcomes
To achieve pass learners must demonstrate the ability to deliver sufficient evidence to meet the criteria for assessment and subsequently meet the following learning outcomes. This will be achieved through the methods outlined above.

LO1
LO2
LO3
LO4

Be able to use a variety of sources for the collection of data, both primary and secondary Understand a range of techniques to analyse data effectively for business purposes Be able to produce information in appropriate formats for decision making in an organisational context

Be able to use software-generated information to make decisions in an organisation

BTEC HND in Business / Business Decision Making / Jan 2014

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Introduction
In business, good decision making requires the effective use of information. This unit gives learners the opportunity to examine a variety of sources and develop techniques in relation to four aspects of information: data gathering, data storage, and the tools available to create and present useful information.

ICT is used in business to carry out much of this work and an appreciation and use of appropriate ICT software is central to completion of this unit. Specifically, learners will use spreadsheets and other software for data analysis and the preparation of information. The use of spreadsheets to manipulate of numbers, and understanding how to apply the results, are seen as more important than the mathematical derivation of formulae used. Learners will gain an appreciation of information systems currently used at all levels in an organisation as aids to decision making.

Edexcel Grading Criteria
This assignment/portfolio will be assessed according to the following grading criteria: 

To attain a „PASS‟ grade, learners need to achieve all the „PASS‟ criteria.



To attain a „MERIT‟ grade, learners need to achieve all the „MERIT‟ criteria, along with all the PASS criteria.



To attain a „DISTINCTION‟ grade, learners need to achieve all the DISTINCTION criteria, along with all the MERIT and PASS criteria.

BTEC HND in Business / Business Decision Making / Jan 2014

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This assignment brief contains of the following tasks:


Task 1 (Learning Outcome 1)



Task 2 (Learning Outcome 2)



Task 3 (Learning Outcome 3)



Task 4 (Learning Outcome 4)

BTEC HND in Business / Business Decision Making / Jan 2014

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Scenario or Vocational Context

You are working as a researcher and consultant for Acorn Co. Ltd, a marketing and research consultants company in London.
Acorn has the following research projects for its clients.
Project 1
Monmouth is a chain of coffee retail outlets, which specialises in coffee and is located in and around central London. Now Monmouths‟ managers would like your company to conduct a survey with their customers about the services in their outlets so that they can make necessary improvements and also introduce some new menu for their customers.

Project 2
Wahaca is a chain of...
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