Business Decision Making Assignment

Module Title  :- Business Decision Making
Weighting :- Individual Assignment – 25%
length :-  1000 words (+/- 10%).
Business Decision Making Assignment
Learning outcomes assessed:
 LO1: Demonstrate knowledge and understanding on key decision theories and principles and interpret different approach to business decision making processes.
 LO2: Understand key sampling methods and basic statistical techniques in business contexts.
 LO3: Evaluate and interpret results generated by data modelling and forecasting techniques including those provided by specialised statistical computer software.
 LO4: Understand and justify the adoption of appropriate data modelling and fore casting techniques in business contexts and make informed and effective decisions.

TASK
S & P plc is a bag manufacturing company operating in the UK and some parts of the Europe. Currently some of their productions such as synthetic leather bags and clothes bags have been outsourced due to lack of available resources.

Business Decision Making Assignment
Learning outcomes assessed:  LO1: Demonstrate knowledge and understanding on key decision theories and principles and interpret different approach to business decision making processes.  LO2: Understand key sampling methods and basic statistical techniques in business contexts.  LO3: Evaluate and interpret results generated by data modelling and forecasting techniques including those provided by specialised statistical computer software.  LO4: Understand and justify the adoption of appropriate data modelling and fore casting techniques in business contexts and make informed and effective decisions.How ever strategic managers of S & P plc are looking to invest in a project producing synthetic leather bags or clothes bags. They have called new business proposals and have finally chosen two projects using managers’ discretion to make final decision. Initial investment required for project A synthetic leather bags is £185,000 and for project B clothes bags is £182,000. The discount rate required is at 11%. The net cash flows for two projects can be summarized as below:

You are required to write an essay on business decision making comparing the key aspects of the pay back period and NPV and financial and non-financial factors used to aid decision making.

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