DATA-DRIVEN STRATEGIC DECISION MAKING

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COURSE OVERVIEW

The “Data-Driven Strategic Decision Making” course is designed to equip participants with the skills and knowledge necessary to leverage data and analytics for making effective strategic decisions. Over five days, participants will learn how to collect, analyze, interpret, and apply data to inform strategic decision-making processes. Through interactive sessions, case studies, and hands-on exercises, participants will develop a practical understanding of data-driven decision-making frameworks and tools.

COURSE OBJECTIVES

By completely attending this course, participants will be able to:

Understand the importance of data-driven decision making in strategic planning.
Learn how to collect, analyze, and interpret data relevant to strategic decision making.
Develop skills in using data visualization and analytics tools to derive insights.
Apply data-driven decision-making frameworks to evaluate strategic options.
Understand the ethical considerations and challenges associated with data-driven decision making.
Develop action plans for implementing data-driven decision-making processes in organizations.

TARGET COMPETENCIES

Introduction to Data-Driven Decision Making
Data Collection and Analysis for Strategic Decision Making
Data Visualization and Analytics Tools
Applying Data-Driven Decision-Making Frameworks
Ethical Considerations in Data-Driven Decision Making
Implementing Data-Driven Decision-Making Processes.

Executives and Senior Leaders
Managers and Decision-Makers
Business Analysts and Data Scientists
Project Managers
Marketing and Sales Professionals
Operations and Supply Chain Professionals
Entrepreneurs and Business Owners
Professionals in Consulting and Advisory Roles
Professionals Seeking Career Growth

The course will utilize a combination of interactive lectures, group discussions, hands-on exercises, and case studies. Participants will engage in data analysis activities, work with data visualization tools, and explore real-world scenarios to apply data-driven decision-making concepts. The course will foster a collaborative learning environment, encouraging participants to share insights and experiences related to data-driven decision making.

INTRODUCTION TO DATA-DRIVEN DECISION MAKING

Importance and benefits of data-driven decision making in strategic planning.
Understanding the role of data in strategic decision-making processes
Introduction to data sources and types

DATA COLLECTION AND ANALYSIS FOR STRATEGIC DECISION MAKING

Techniques for collecting relevant data for strategic decision making.
Data quality assessment and validation
Exploratory data analysis methods.

DATA VISUALIZATION AND ANALYTICS TOOLS

Introduction to data visualization techniques and tools
Using analytics tools to derive insights from data.
Communicating data insights effectively through visualizations.

APPLYING DATA-DRIVEN DECISION-MAKING FRAMEWORKS

Introduction to data-driven decision-making frameworks (e.g., SWOT analysis, decision trees, scenario planning)
Evaluating strategic options using data and analytics
Incorporating risk analysis and uncertainty in decision making

ETHICAL CONSIDERATIONS IN DATA-DRIVEN DECISION MAKING AND IMPLEMENTATION

Ethical considerations and challenges in data-driven decision making.
Privacy, security, and legal compliance in data usage
Implementing data-driven decision-making processes in organizations