Decision making is the backbone of any business, Without a decision, there is no business, In this presentation, we will discuss decision-making process and it benefits.

2. Table of content
•Introduction
•Data collection and its various sources
•Qualitative and Quantitative Data
•Advantages and disadvantages of data
•Graph represents
•Respondent of the company
•Critical path
•Financial information use
•Analysis of data collection process
•Conclusion
•References

3. Introduction
• Business decision making is very critical task.
• Various graph and pie charts has been taken into
consideration to portray the information in right
manner.
• Quartile, percentile and coefficient of correlation are
the main tool which are used to evaluate the project
vulnerability

4. Data collection and its various sources
•Primary data collection process includes interview,
observation, meetings, seminars.
•Secondary data sources are official gazette, magazines,
newspaper and other details.
•With the completion of gathering process Marks and
Spencer Limited will be able to understand internal and
external factors of the organization.

5. Qualitative and Quantitative Data
Basis Qualitative data Quantitative data
Objective of collection Clear and provide
specific points
Flooded with the high
amount of information
Time required More time required to
collect the data
Less time required
Cost involved High amount of cost Less cost

6. Advantages and disadvantages of data
collection process
Basis Advantages Disadvantages
Clarity Provides a clear idea
about the clients choice of
action.
Creates confusion in
generating effective
decision on the collection of
data.
Cost effective Collection of Quantitative
data is cheaper than
collection of quantitative
data.
Some time it becomes very
costly to collect the data
with the subjective matter.

7. Graph represents three required respondent
0%
20%
40%
60%
80%
100%
120%
140%
160%
180%
200%
Sales Number of employees Product Qualtiy
2016
2014
2012
2010

8. Trend line to forecast data
0%
20%
40%
60%
80%
100%
120%
140%
160%
180%
2015 2106 2017 2018
MakerLtd
Forecasting of collected data
New Rivals
Market demand of new developed Technology

9. This data shows the actual respondent of
the company which is collected with the
help of data collection process
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Hygiene level Quality Reliability Price Safety
Respondent
Respondent

10. Critical path- This is the path which shows the least time
that is required to perform certain activities and project

11. Financial information
• This is the information which is used by all the
employees, staff members and board of directors to
come up with an effective plans
• Helps in forecasting of trends of the company
• Depicts the company’s growth and efficiency
• Provides clear idea about the financial needs in the
different process system.

12. Analysis of data collection process
•In this data collection process we have come to known clients'
choice of action and their reciprocities behavior with the
offered product.
•Qualitative data provides how our company makes our
product as per the clients needs
•Quantitative data provides how company can manage its
external threats in orderly manner.

14. Conclusion
In this report I have found that new rivals who are
ready to tap the market with their new technique has
made their plan constructively. Now at the end I would
say in order to make effective business decision
making company needs to collect right amount of data
in orderly manner.

15. References
• Roepstorff, C., Petersen, H. & Berthelsen, A. 2015, "Optimizing Data
Collection", Biology of Blood and Marrow Transplantation, vol. 21, no. 2,
pp. S265.
• C., Petersen, H. & Berthelsen, A. 2015, "Optimizing Data
Collection", Biology of Blood and Marrow Transplantation, vol. 21, no. 2,
pp. S265.
• Hattne, J., Reyes, F.E., Nannenga, B.L., Shi, D., de la Cruz, M. Jason, Leslie,
A.G.W. & Gonen, T. 2015, "MicroED data collection and processing", Acta
Crystallographica Section A, vol. 71, no. 4, pp. 353-360.
• Hilton, A.J.W. 2010, "graphs", Discrete Mathematics, vol. 308, no. 5-6, pp.
645.
• Gawaz, M., Dickfeld, T., Bogner, C., Fateh-Moghadam, S. & Neumann, F.J.
1997, "Platelet function in septic multiple organ dysfunction
syndrome", Intensive Care Medicine, vol. 23, no. 4, pp. 379-385.

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