Business decision making Assignment Example | Topics and Well Written Essays - 2000 words

Business closing making - Assignment ExampleDecision making process is a very authoritative lick to any guild that must attain success in the market. It stipulates the atomic number 18as that the company can easily riddle in the market without enormous incurrence on costs and any impending risks. Data collection is the get along that wills open doors for such a company to make an adequate decision from the analysis they arrive at as per the data segments (Carroll, 2008). In this paper is stipulated that data analysis is a significant faction which any company ought to adopt.The report revolves around a musical mode industry selling fashion clothes, shoes, jeans and other associate fashion components whose main target is the youth generation. It possesses a challenge since the youths are dynamics in their desires, this bring down for constant review of its products to meet the demand of its market segment. A group comprising of 20 youths is sampled from Coventry section wh o are interviewed on a major market trends about fashion and their take on how fashion impacts the development of new products in the market. Their engagement in the changes is the key factor that is considered (Bazerman& Moore, 2013).Decisions amount to the most significant components to business in the market regardless of its current position. For a business to start it must involve decision making processes and growing business must always apply different decisions for its growth purposes, differently growth and start-up will never be met. An agglomeration of factors must be taken into consideration on the special(prenominal) field of the company. A company ought to ask such questions like what is my market sizing. What is the market trend? Who are my consumers? What is the market perception? Among other critical questions which will drive the company to undertake proper steps. Quality, quantity, location, size and other structural characteristics are influenced by the decisi ons made by management in a company (Teale,