Business Decision Making Essay Example | Topics and Well Written Essays - 3000 words

Business Decision Making - Essay Example Reason for colleting the primary and secondary data for the given business problem helps to reach the authentic decision to advice the clients in Spain, France and Italy. As the manager of the company, preparation of most suitable plan for primary and secondary data collection is very much necessary. â€Å"Data Collection helps your team to assess the health of your process. To do so, you must identify the key quality characteristics, you will measure, how you will measure them, and what you will do with the data you collect† (Module 7: Data Collection n.d. p. 1). Here I am working for the manager of a property company in UK and also at the same time our company deals with properties in other places like Spain, France and Italy. There are more than 100 clients, who are  interested in buying properties particularly in Spain. That’s the reason why, all these countries are frequently asking questions regarding the property. Taking in to the mind the respondents, it is th e best way to get the information appropriate. This enables to understand various revealed complexities. Primary Data:   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Primary research method is one of the widely used methods to collect information from the respondents in order to make the proper decision regarding the sell or renting the property.   The primary methods are used to make the most appropriate decision and also to give advice to the overseas Questioners and survey. Primary research has been selected for the reason that primary research offers the creative information that is required for the function of the study and is primarily required for the study. It is prepared by gathering of primary information. Questionnaires Method:   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Questionnaires method is one of methods used to gather information from the target customers to acquire the relevant information. A questionnaire is one of the well-built research apparatus and it encloses the various questions and some of the other suitable matters for the reason of gathering data's from clients. After the information collected from the questionnaire, next step is to study the information with the help tables and charts. The structuring of questionnaire is on the score base, which facilitates the respondent to take the appropriate decision. Majority of the questions in this are based on given situation. This supports the foreign countries to respond without doubt. The questionnaire is arranged in a simple way, which makes him to pursue the pattern in an easy way. Most of the questions are arranged in a simple way, to help the clients to follow the questions easily. Questionnaires consist of 10 main questions that will helps to make the most appropriate decision. The structuring of questionnaire should be cautiously designed in accordance to the preconditions of accuracy and relevance. Questionnaires are an appraisal method, which is very well-known to most educators. â€Å"Questionnaires, paper or elec tronic, consist of a set of questions or items that are designed for a selected group of people, such as teachers, administrators, parents, students, or others. Questionnaires vary in length, focus, and types of items, such as checklists, scaled items or open-ended questions and are particularly useful in gathering data from large groups of people about perceptions, attitudes, intended actions or application of learning† (Preparing to Collect Data n.d.).    Survey Method:   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Surveys are one of the approaches used to gather the data's to investigate and make a proper idea regarding the business problem. It is the method that the majority of the organizations use to collect the clients view on given subject. â€Å"The Survey method is the technique of gathering data by asking questions to people, who are thought to have desired information. A formal