BUSINESS DECISIONS MAKING

Business Decisions Making [Irish base]

Table of Contents

Task 14

Introduction4

Discussion4

Conclusion6

Task 2 & 37

Introduction7

Data Analysis7

Correlation11

Forecasting For Sales Data Set13

Sequence chart of the sales data set13

Forecasted Values17

Building ARIMA model for Total sales data and Forecasting:18

Model identification:18

Model estimation and verification:19

Model 1: ARIMA (1, 1, 1)19

Conclusion20

Task 422

Management information system22

To The Owner23

Management Information is important to24

How to Use Information Management24

Conclusion28

References29

Appendix30

Business Decisions Making [Irish base]

Task 1

Introduction

It's not all that difficult to market County Galway: it already viewed by its locals as having a rich heritage and it is seen in long tradition nationally as the Cultural Capital of Ireland.

In Irish "Gaillimh" county is in the province of Connaught (Connacht), in western Ireland. With an area of 2,293 sq mi (5,939 sq km), it is bounded on the north by Mayo and Roscommon, on the east by Roscommon and Offaly, on the south by Clare and Tipperary, and on the west by the Atlantic Ocean. The eastern two-thirds of Galway is part of the Irish central lowland. In the west is Connemara, the Irish-speaking "Gaeltacht".

Discussion

Galway is divided into two contrasting regions by the expanse of Lough Corrib. To the west is Connemara - a region of superb scenic grandeur, dominated by the rocky-mountains known as the Twelve Bens. Many Connemara inhabitants are Irish speakers and much of the ancient Gaelic culture is preserved.

The Aran Islands lie thirty miles off the Connemara coast. Formed from a limestone ridge, their stunning coastal views and prehistoric stone forts are well worth a visit.

Galway is a large county divided into two contrasting regions by the expanse of Lough Corrib. To the west, lying between the lake and the Atlantic, is Connemara - a region of superb scenic grandeur dominated by the rocky mountain range known as the Twelve Bens. A great many of the inhabitants are Irish speakers, and much of the ancient Gaelic culture is preserved., East of Lough Corrib, a fertile limestone plain extends to the Galway-Roscommon border and the River Shannon. It is an important tourist centre and a gateway to the scenic areas of the county.

Staffing is an issue for any organisation these days and tourism enterprises in Galway are no different to any other organisation in attracting operational level employees such as cleaners and operatives. Because of increased labour cost, businesses have been forced into seeking staff from overseas: staffs that are not familiar with the cultural product that Galway has to offer. Tourism enterprises exaggerate the "Frosty Failte" by training these staff only in operational issues and not culturally as well.

Also, the type of tourist that these enterprises cater for has changed dramatically in 15 years from what was travel reserved for the relatively well off to mass market travel with the advent of the low cost carriers and growth in the FIT market. The increase number of charter flights into knock and Galway airports also brings many different types of overseas travellers who require a greater array of catering and faculties.

The overall approach will be to target those markets which produce most business for ...