SOLUTION: Business Decision Making | My Assignment Tutor

In partnership with the University of SuffolkBABS AssignmentAssignment Brief Course/Programme:BA BusinessLevel:4Module Title:Business Decision MakingAssignment titles:Essay on Business Decision MakingAssignment number:1Weighting:Essay: 30%Date given out:April 2021Submission date:10th May 2021Eligible for late submission (3working days, with penalty)?YesMethod of submission:XOnline onlyOnline and papercopySpecial instructions forsubmission (if any):Task: Individual EssayDate for results and feedback:Employability skills assessed:C1: Reading, selecting, analysing andsynthesising information from a range ofsourcesC2: Producing different types of documentLP1: Develop a strategy for using a range of skillsto improve own learning and performanceIT1: Preparing informationIT2: Processing and presenting information S1: Plan personal work schedulesWWO2: Working towards identified targetsLearning outcomes assessed:LO1: Demonstrate knowledge and understanding on keydecision theories and principles and interpret differentapproach to business decision making processes.LO3: Evaluate and interpret results generated by datamodelling and forecasting techniques, including thoseprovided by specialised statistical computer softwareLO5: Apply, and demonstrate an understanding of, relevantmanagement science techniques. All assignments must be submitted to Turnitin.Note: The Turnitin version is the primary submission and acts as a receipt for the student.Late submission of the electronic version of the assignment will result in a late penaltymark.Penalties for late submission: Up to 72 hours late, maximum mark of 40%. Over 72 hourslate, Refer.Only the UoS Extenuating Circumstances Panel may grant an extension.Requests for extensions must be submitted 5 days BEFORE the submission deadline The grade awarded for this piece of work remains provisional until ratified by LSCExam Board.Your TasksFormat: EssayWord limit:1000Assessment criteria: see grading criteria Referencing:In the main body of your submission you must give credit to authors onwhose research your work is based. Append to your submission areference list that indicates the books, articles, etc. that you have read orquoted in order to complete this assignment (e.g. for books: surname ofauthor and initials, year of publication, title of book, edition, publisher:place of publication). Learning Outcomes tested(from module descriptor)Assessment Criteria to achieve each outcomea student must demonstrate the ability to: LO1: Develop knowledge and understandingof key theories, concepts and models inmarketing to guide the development andexecution of marketing strategies.• The essay task enables the student todemonstrate an understanding of howorganisations make decisions based on theanalysis of data.LO3: Evaluate and interpret results generatedby data modelling and forecastingtechniques, including those provided byspecialised statistical computer software• The essay enables the student to demonstratean understanding of how the decision-makingprocesses works and how they can be used toplan for the future.LO5: Apply, and demonstrate anunderstanding of, relevant managementscience techniques.• In the essay the student is required to examineat the various techniques, with reference to aspecific industry. 4 | P a g e TASK DESCRIPTION: Assignment (Individual Essay) 30% TASK DDK plc is a textile company, operating in the UK and some parts of the Europe. Currently, the strategicmanagers of DDK plc are looking to invest in a project manufacturing belts or trainers. They have called newbusiness proposals and have finally, chosen two projects using managers’ discretion to make final decision.Initial investment required for project A (belt) is £170,000 and for project B (trainers) is £190,000. Thediscount rate required is at 14%. The net cash flows for two projects can be summarized as below: YearProject A – Belt ProjectNet cashflow £Project B –Trainers ProjectNet cashflow £145,00050,000245,00045,000335,00070,000470,00090,000582,00090,000 You are required to write an essay on business decision making, comparing the key aspects of the tools likethe payback period and NPV, and financial and non-financial factors used to aid decision making.1000 words maximum. FORMATTING AND LAYOUT Please note the following when completing your written assignment:1. Writing: Written in English in an appropriate business/academic style2. Focus: Focus only on the tasks set in the assignment.3. Ensure a clear title, course, and name or ID number is on a cover sheet and a bibliography usingHarvard referencing throughout is also provided.4. Research: Research should use reliable and relevant sources of information e.g. academic books andjournals that have been peer reviewed. The research should be extensive.5. All referencing should be in Harvard style.LENGTHREQUIRED5 | P a g e MARKING CRITERIA AND STUDENT FEEDBACK –ASSIGNMENT (30%) This section details the assessment criteria. The extent to which these are demonstrated by you determinesyour mark.The marks available for each criterion are shown. Lecturers will use the space provided to comment on theachievementof the task(s), including those areas in which you have performed well and areas that would benefitfrom development/improvement. Common Assessment CriteriaMarksavailable1. Calculation of the payback period10Calculation of the payback period (years and months) in project A andB.2. Calculation of NPV20Calculation of the NPV in project A and B.3. Analysis:The ability to evaluate and analysis the calculated results and make thefinal decision;• Comparing and contrasting the payback period and the NPV.• Using financial and non-financial factors and their implicationon stakeholders and decision making process.605. Overall presentation including correct referencing:10Use of Harvard referencing and overall presentation.TOTAL100 Assignment Mark (Assessment marks are subject toratification at the Exam Board. These comments and marksare to give feedback on module work and are for guidanceonly until they are confirmed. )72 Hours Late SubmissionPenalties (tick ifappropriate)% Page 6 of 8 An outstandingDistinction90 – 100Work which fulfils all the criteria of the grade below, but at anexceptional standard.A very strongdistinction80 – 89Work of distinguished quality which is based on a rigorous and broadknowledge base, and demonstrating sustained ability to analyse,synthesise, evaluate and interpret concepts, principles and data withinfield of study, using defined principles, techniques and/or standardformats and applications. This will form the basis for the developmentof sound arguments and judgements appropriate to the field of study/assessment task. There will be strong evidence of competence across arange of specialised skills, using them to plan, develop and evaluateproblem solving strategies, and of the capability to operateautonomously and self-evaluate with guidance in varied structuredcontexts. Outputs will be communicated effectively, accurately andreliably.A clearDistinction71 – 79Work of very good quality which displays most but not all of thecriteria for the grade above.A Distinction70Work of highly commendable quality which clearly fulfils the criteriafor the grade below, but shows a greater degree of capability inrelevant intellectual/subject/key skills.A very strongMerit67 – 69Work of commendable quality based on a strong factual/conceptualknowledge base for the field of study, including an assured grasp ofconcepts and principles, together with effective deployment of skillsrelevant to the discipline and assessment task. There will be clearevidence of analysis, synthesis, evaluation and application, and theability to work effectively within defined guidelines to meet definedobjectives. There will be consistent evidence of capability in allrelevant subject based and key skills, including the ability to selfevaluate and work autonomously under guidance and to use effectivelyspecified standard techniques in appropriate contexts.A strong merit64 – 66Work of good quality which contains most, but not all of thecharacteristics of the grade above.A clear Merit61 – 63Work which clearly fulfils all the criteria of the grade below, butshows a greater degree of capability in relevantintellectual/subject/key skills. LEVEL 4 INDICATIVE PERFORMANCE INDICATORS Page 7 of 8 Merit60Work of sound quality based on a firm factual/ conceptual knowledgebase for the field of study, demonstrating a good grasp of relevantprinciples/concepts, together with the ability to organise andcommunicate effectively. The work may be rather standard, but willbe mostly accurate and provide some evidence of the ability to analyse,synthesise, evaluate and apply standard methods/techniques, underguidance. There will be no serious omissions or inaccuracies. Therewill be good evidence of ability to take responsibility for own learning,to operate with limited autonomy in predictable defined contexts,selecting and using relevant techniques, and to demonstratecompetence in relevant key skills.A very strongPass55 – 59Work of capable quality which contains some of the characteristics ofgrade above.A strong Pass50 – 54Work of satisfactory quality demonstrating a reliable knowledge baseand evidence of developed key skills and/or subject based skills, butcontaining limited evidence of analysis, synthesis, evaluation orapplication.A Pass41 – 49Work of broadly satisfactory quality covering adequately the factualand/or conceptual knowledge base of the field of study andappropriately presented and organised, but is primarily descriptive orderivative, with only occasional evidence of analysis, synthesis,evaluation or application. There may be some misunderstanding ofkey concepts/principles and limitations in the ability to select relevantmaterial or techniques and/or in communication or other relevantskills, so that the work may include some errors, omissions orirrelevancies. There will be evidence of ability to operate with limitedautonomy in predictable defined contexts, using standard techniques,and to meet threshold standards in relevant key skills.A bare Pass40Work of bare pass standard demonstrating some familiarity with andgrasp of a factual/conceptual knowledge base for the field of study,together with evidence of some ability to employ specialist skills tosolve problems within area of study, but only just meeting thresholdstandards in e.g. evaluation and interpretation of data and information,reasoning and soundness of judgment, communication, application, orquality of outputs. Work may be characterised by some significanterrors, omissions or problems, but there will be sufficient evidence ofdevelopment and competence to operate in specified contexts takingresponsibility for the nature and quality of outputs.A marginal Fail30 – 39Work which indicates some evidence of engagement with area ofstudy in relation to acquisition of knowledge and understanding ofconcepts and principles, and of specialist skills, but which is essentiallymisinterpreted, and misapplied and/or contains some significantomission or misunderstanding, or otherwise just fails to meet thresholdstandards in e.g. communication, application or quality of outputs. Page 8 of 8 A Fail20 – 29Work that falls well short of the threshold standards in relation toone or more area of knowledge, intellectual, subject based or keyskills. It may address the assessment task to some extent, or includeevidence of successful engagement with some of the subject matter,but such satisfactory characteristics will be clearly outweighed bymajor deficiencies across remaining areas.AcomprehensiveFail0 – 19Work of poor quality which is based on only minimal understanding,application or effort. It will offer only very limited evidence offamiliarity with knowledge or skills appropriate to the field of study ortask and/or demonstrate inadequate capability in key skills essential tothe task concerned.Nonsubmission/Nilattempt0Nothing, or nothing of merit, presented.