Unit 6 Business Decision Making Essay

There are several different types of business ownership which are most commonly used in business’ and company’s today, these include; Co-operative which is a business owned by its employees, Partnership which is a business owned by between 2 and 20 people, Private limited which is a business owner by a small groups of people who have shares and a Public limited business is owned by private individuals by shares bought and sold on the stock market. A charity is a business with the purpose to help the public, the government is a business owned by the government and lastly a sole trader which is a business owned by only one person.

4. The key methods of collecting primary data (1.1). Justify the choice and application of data collection methods and research instruments to explore an area under investigation (2.3). Evaluate their relative strengths and weaknesses (2.4)

Data and information sources are of both an individual and authoritative nature. Associations commonly gather a wide range of data amid the ordinary course of business.

The quantitative research design was used for this research. According to Vogt, W. P. (2005), quantitative research emphasizes the measurement and analysis of causal relationships between variables, not processes. Aliaga and Gunderson (2005) defines quantitative research as ‘Explaining a phenomena by collecting numerical data that are analyzed using mathematics based methods’ this approach

A meeting was held at NDEQ with Duonix representatives. The discussion was based on modifications to the biodiesel facility located in Beatrice. Duonix plans to modify the process flare operation by removing the 5,800 hours/year operational limitation and incorporating and recalculating the emission factors using test data. The use of test data decreased the emissions from the flare. Mr. Ellis requested for the submittal of the performance test data to support the construction permit application. Duonix expressed that initially, the operational limitation was taken to stay under the State-Toxic Best Available Control Technology (T-BACT). The current annual actual emissions from the flare are 3.7 tons of VOC, and 0.5 tons of Methanol (the primary

Make a customer analysis and segment the market. What impact does your analysis have on the current business model of the company?

Most of my competitors are coming up short with regards to their clients’ experience. This has given me the chance to captivate those same clients into building brand loyalty with my company. I will truly converse with my clients, address

Thinking critically and making decisions are important parts of today’s business environment. It is important to understand how the decision making process works and the steps involved. The nine steps of the decision making process are: identifying the problem, defining criteria, setting goals and objectives, evaluating the effect of the problem, identifying the causes of the problem, framing alternatives, evaluating impacts of the alternatives, making the decision, implementing the decision, and measuring the impacts. (Decision, 2007.) By using various methods and tools to assist in making important business decisions an individual can ensure the decisions they make will be as successful as possible. In this paper it

Compare and contrast quantitative and qualitative methods on each of the elements listed. Please use scholarly, academic literature to support your response.

Second, I would like you to create an evaluating system. It is critical that we know how we are doing from another perspective. Customers may be satisfied with our services, but others might not.

• Our client is a large auto manufacturer who is thinking about making a device that will increase the fuel efficiency of the car by 20%. What is the market for the product? What should it be priced at? • Our client is the PVR. They want a growth strategy for the next five years? What are your recommendations? • Our client is Kingfisher. Their main product is Kingfisher beer. They want to know if they can switch from glass to plastic bottles. What are the advantages and disadvantages of such a move? Also estimate the size of the Indian Beer Market

To develop a preliminary set of questionnaire items as exhaustive as possible, data will be triangulated from several data sources:

Give a brief description of your given Industry. Who are the served customers, and what “value” do the firm deliver

After collecting the data we enter into the process of data selection. It is not enough if we simply collect the data, it is also necessary to select the data that we going to process. There are many data

Who are the current customers/users? Include information related to demographics, psychographics and buying behavior, price sensitivity, customer satisfaction and loyalty.