BUSINESS PLAN

Business Plan



Business Decision Making Segae Segae Chilli Sauces

Introduction

Decision making is part of daily business, but it is not easy to decide, as there are numerous parameters to consider when a business undergoes certain changes in the organization. Decision making is a prerequisite for resolving most important problems in the. In each case, a sensible analysis of variants of the decision requires a careful comparison of benefits and costs (often but not always money) alternative ways of proceeding. Hence, Decision making is the process of recognizing and selecting the best option among different available alternatives on the basis of the values and judgment of the decision maker. In this paper, we will discuss the Business Decision making of Segae Segae Chilli Sauces based on financial and other factors and the outcome of these decisions. The option selected by Segae Segae Chilli Sauces will have the highest probability of success and properly associated with the goals, objectives and mission of the decision maker. The decision which is made by Segae Segae Chilli Sauces has considered the uncertainty and risk regarding the substitutes and best option available for them. In this part, collection of information is very important as the decision based on the available information, through appropriate information convenient one can reduce the uncertainly.

Discussion

Before making any decision, first we will see the status of the food industry in UK food industry in UK has been growing and well developed. It is most important industries in UK which comprises of Chilli Sauces (Honig, B., & Karlsson, T., 2004, pp. 29-48).

1.1 Survey Methodology

In order to find answer to the research problem, the paper will follow a mixed survey methodology, which will be based on interview responses and questionnaire survey. Both of the selected survey methodologies will be proportionately applied to the standard sample size of the research. Half of the sample size participants will be encouraged to participate in the questionnaire survey, which will be electronically filled by survey participants.

Remaining half of the sample size will be taken into an individual interview session. Each interview with the participant will be comprised of 30minutes duration. Since it is an exploratory and qualitative research, the structure of research question will be a combined form of open and close ended questionnaire, which will provide leverage to research questions by quantifying the data interpretation. Responses to close ended questions will be analyzed on a scale of 1-5:

1 - Strongly Agree

2 - Agree

3 - Neutral

4 - Disagree

5 - Strongly Disagree

Both survey methodologies will be conducted under strict ethical considerations of research study, which means that all the shared personal and professional data, participant views and opinions and personal reflections will be kept confidential.

1.2 Primary Research

Questionnaire has developed which distributed among the locals of the area at differing levels to see and evaluated their experiences to expand the company. Furthermore, the questionnaire comprises of their functions they perform, their learning and the kinds of training they think would be of greatest benefit for ...