Financial approach to business decision making

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Reference no: EM132148708

Learning outcomes

- Outline the value and limitations of the analytical and financial approach to business decision making.
- Identify appropriate techniques to assist in solving business problems across different business disciplines
- Perform basic analysis using Excel as a business decision-making tool
- Identify and interpret problems using a systematic approach to business decision-making

Task 1: Create a dashboard in Excel that showcases the key aspects of a data set
Dashboards track KPls, metrics, and other data points in one visual, central place. They are made up of tables, charts, gauges, and numbers and give you a high-level view of wok, helping you make quick decisions and keeping everyone up to date. A dashboard's visual nature simplifies complex data and provides an at-a-glance view of status or performance in real time.
Before you start building your dashboard, consider the following:
- Why are you creating this dashboard?
- What purpose it will serve?
- What capabilities do you need?
- Who needs to see the dashboard?

Task 2: Provide a brief synopsis of the data highlighted in the dashboard and a list of business recommendations based on the findings.

To make effective decisions organisations need accurate, timely, objective and concise information. Often this information is delivered in a business repot written in response to a business issue or problem. The recommendations section of a report suggests actions that can be taken to address the issue based on findings. Recommendations could be for change, improvement or new ideas to improve such areas as service, productivity or performance.
- Present your synopsis and recommendations on ONE A4 page.
- Write an appropriate heading.
- Include suggestions for external data to supplement the internal data presented in the dashboard.
- List your recommendations according to priaity: the most important first.
- Use formal business English that is dear and easy for the reader to follow.
- Use new vocabulary introduced in the unit.
- Check your work for expression, grammar, spelling, and punctuation before submitting.

Attachment:- Data Assignment.rar

Reference no: EM132148708

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Reviews

len2148708

10/24/2018 12:44:47 AM

Recommendations Minimum of 3 recommendations that reflect the findings from data, including justification for each recommendation. (5 marks) The recommendations didn't reflect the findings. There are no recommendations made. 3 recommendations have been made and they reflect the findings from the data, a justification for each is incomplete or missing. 3 recommendations have been made and they reflect the findings from the data, a justification for each recommendation is incomplete. 3 recommendations have been made and they reflect the findings from the data, a justification for each recommendation is provided. The justifications are well developed, and your arguments are well supported. 3 recommendations have been made and they reflect the findings from the data. The recommendations made are exceptional, comprehensive, insightful and easy to understand. The justifications provided are concise, yet all necessary content is included. Your arguments are well supported and all important terms are defined.

len2148708

10/24/2018 12:44:34 AM

Synopsis (10 marks) No summary of the data highlighted is present. Provides a summary of the data highlighted in the dashboard, with limited suggestions for external data to supplement the internal data. Provides a coherent and cohesive summary of the data highlighted in the dashboard, including suggestions for external data to supplement the internal data. Supporting information is listed indiscriminately. Provides a coherent and cohesive summary of the data highlighted in the dashboard, including suggestions for external data to supplement the internal data. The synopsis indicates a good understanding of the data, through synthesis of the findings and recommendations and the analytical process. Supporting information is briefly summarized. Provides a coherent and cohesive summary of the data highlighted in the dashboard, including suggestions for external data to supplement the internal data. The synopsis indicates an extended understanding of the data, through an exceptional synthesis of the findings and the analytical process. Supporting information is omitted unless essential to summary.

len2148708

10/24/2018 12:44:30 AM

Visuals Charts and graphs (10 marks) Lack of consideration of what is needed to impart data via the chart or graph. No chart or graph. Charts and graphs are appropriate; however, the number and quality of visuals is limited. Charts and graphs are appropriate. The quality of the charts and graphs is good. Charts and graphs selected are appropriate and accurately present the data. The choice of visuals communicates the findings well. Excellent choice of charts and graphs to visualise the data. Eger free representation of the data. The choice of visuals communicates the findings exceptionally well.

len2148708

10/24/2018 12:44:25 AM

Rubric for Assignment 2 Criteria Fail (49% Or Below) Pass (50-59%) Credit (60-69%) Distinction (70-79%) High distinction (80-100%) Key elements of the data are provided (10 marks) Key elements of the data were not included in the dashboard. Some key elements of the data are provided in the dashboard. Most key elements of the data are provided in the dashboard. There is information to draw conclusions about the data. Key elements of the data are provided. There is enough information to draw conclusions about the data. Key elements of the data are provided. The data is relevant and accurate and measures what it set out to measure. There is substantial information to draw a conclusion about the data.

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