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Business Decision Making

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Business Decision Making

Introduction

Decision making is one of the very important tasks that we all have to do in every now and then. And when it is in terms of business then it makes a lot of sense incorporated with a lot of values as well as importance. Whether an organization succeed or fail this all depends on the effective decision making. Valid information & expertise plays a vital role to make good decisions. If decision is great we get good outcomes and the result is actually vice versa if fail to make good decisions. So it is quite evident that before making a decision regarding any issue we must analyze the problems and side effects and then approach for the decision making with the best alternatives as well. So in Short we can conclude that decision making is really very important for a business organization to make profit as well as to be successful in an industry.

PART A

P1. a plan for the collection of primary and secondary data for a given business problem

From Mr. Graeme we can get to know that the passenger volume for the route 23 is not sufficient & has been proved as a losing concern. So as a result initially he decided to stop the bus service in that very route.

As a partner & business consultant of a company called Capital Consultant it is my earnest duty to provide my opinion regarding stopping the bus service in route no 23 with proper evidences 7 logics to Mr. Graeme,the business development director of “Travel for London” To analyze the problem it is really very important to collect the primary & Secondary data regarding the issue. We can collect the data in the holiday by door to door survey when everyone is at home. And on other day we can have their ideas and preferences by using some tool like mails, through web portal & blind boxes.

How we can collect the primary data: * By making a

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