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Data-Based Decision Making, Analyzing and Interpreting Data, Cost-Benefit Analysis (CBA), Data Driven Technologies
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2,950 students
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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.



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Data-Based Decision Making, Analyzing and Interpreting Data, Cost-Benefit Analysis (CBA), Data Driven Technologies
Rating: 4.6 out of 5
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4,948 students
3 hours on-demand video
13 articles
2 downloadable resources

https://www.udemy.com/course/data-based-decision-making-and-cost-benefit-analysis-cba/?couponCode=FD57B48870EFA5246D49

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