03-24-2025, 12:30 AM
Data-Based Decision Making, Analyzing and Interpreting Data, Cost-Benefit Analysis (CBA), Data Driven Technologies
New
Rating: 4.8 out of 5
(3 ratings)
2,950 students
3 hours on-demand video
13 articles
2 downloadable resources
What is Data-Based Decision Making?
Using data to guide business choices instead of intuition.
Involves collecting, analysing, and interpreting data.
Enhances accuracy, efficiency, and strategic planning.
Applied across industries: marketing, finance, operations, etc.
Why Data Matters in Management
Enables evidence-based decision-making.
Reduces risks and uncertainty.
Improves efficiency and resource allocation.
Supports performance measurement and growth strategies.
The Role of Data in Strategic Leadership
Informs long-term business goals and planning.
Helps leaders anticipate market trends and risks.
Enhances competitive advantage through insights.
Strengthens accountability and performance evaluation.
Key Benefits and Challenges of Data-Driven Decision Making
Benefits:
Increases accuracy and efficiency.
Identifies trends and opportunities.
Enhances customer insights and personalisation.
Challenges:
Data overload and complexity.
Requires proper tools and expertise.
Ethical and privacy concerns in data usage.
https://www.udemy.com/course/data-based-decision-making-and-cost-benefit-analysis-cba/?couponCode=AE47585CF0B5F3362224
Enjoy!
New
Rating: 4.8 out of 5
(3 ratings)
2,950 students
3 hours on-demand video
13 articles
2 downloadable resources
What is Data-Based Decision Making?
Using data to guide business choices instead of intuition.
Involves collecting, analysing, and interpreting data.
Enhances accuracy, efficiency, and strategic planning.
Applied across industries: marketing, finance, operations, etc.
Why Data Matters in Management
Enables evidence-based decision-making.
Reduces risks and uncertainty.
Improves efficiency and resource allocation.
Supports performance measurement and growth strategies.
The Role of Data in Strategic Leadership
Informs long-term business goals and planning.
Helps leaders anticipate market trends and risks.
Enhances competitive advantage through insights.
Strengthens accountability and performance evaluation.
Key Benefits and Challenges of Data-Driven Decision Making
Benefits:
Increases accuracy and efficiency.
Identifies trends and opportunities.
Enhances customer insights and personalisation.
Challenges:
Data overload and complexity.
Requires proper tools and expertise.
Ethical and privacy concerns in data usage.
https://www.udemy.com/course/data-based-decision-making-and-cost-benefit-analysis-cba/?couponCode=AE47585CF0B5F3362224
Enjoy!