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Unit 6: Business Decision Making - QCF level 5
Credit value: 15 credits
Unit Aim
The aim of this unit is to give learners the opportunity to develop techniques for data gathering and storage, an understanding of the tools available to create and present useful information, in order to make business decisions.
Unit abstract
In business, good decision making requires the effective use of information. This unit gives learners the opportunity to examine a variety of sources and develop techniques in relation to four aspects of information: data gathering, data storage, and the tools available to create and present useful information.
ICT is used in business to carry out much of this work and an appreciation and use of appropriate ICT software is central to completion of this unit. Specifically, learners will use spreadsheets and other software for data analysis and the preparation of information. The use of spreadsheets to manipulate of numbers, and understanding how to apply the results, are seen as more important than the mathematical derivation of formulae used.
Learners will gain an appreciation of information systems currently used at all levels in an organisation as aids to decision making.
Learning outcomes
On successful completion of this unit a learner will:
1 Be able to use a variety of sources for the collection of data, both primary and secondary
2 Understand a range of techniques to analyse data effectively for business purposes
3 Be able to produce information in appropriate formats for decision making in an organisational context
4 Be able to use software-generated information to make decisions in an organisation.
