[Solved]1.1 Evaluate the different types of data which can be gathered by organisations to monitor and improve their performance

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[Solved]1.1 Evaluate the different types of data which can be gathered by organisations to monitor and improve their performance

ATHE Level 7 Diploma in Strategic Management

Quantitative Methods

Unit aims

This unit will enable learners to further develop understanding and skills in the application of quantitative methods appropriate to support decision-making in organisations.

Learning Outcomes

1. Understand the types of data which can be used by organisations to monitor and improve their performance

1.1 Evaluate the different types of data which can be gathered by organisations to monitor and improve their performance

1.2 Distinguish between alternative sampling methods and measurement scales

2. Be able to analyse and evaluate raw business data to inform decision making

2.1 Analyse and evaluate quantitative raw business data from a range of examples using appropriate quantitative methods

2.2 Analyse and evaluate qualitative business data using a range of examples and appropriate quantitative methods

3. Be able to apply a range of quantitative methods to support effective business decision making

3.1 Apply a range of quantitative methods for business decision taking for quality, inventory and capacity management

4. Be able to report on data and communicate findings to inform decision making

4.1 Explain different ways of summarising and presenting a set of business statistics

4.2 Construct appropriate tables and charts with a commentary, utilising summary data