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