Course Description:
This course Decision Making for Business equips learners with the tools, techniques, and frameworks needed to make strategic, data-driven, and ethical decisions in the modern business landscape. Whether you’re a manager, entrepreneur, or aspiring leader, you’ll gain the skills to analyze complex situations, evaluate options, and implement effective business solutions with confidence.
Key Features of Course Divine:
Career Opportunities After Decision Making for Business:
Essential Skills you will Develop Decision Making for Business:
Tools Covered:
Syllabus:
Module 1: Introduction to Business Decision Making Definition and importance of decision making in business Types of business decisions Decision-making models: Rational, Bounded Rationality, Intuitive Role of data in decision making Case studies: Good vs Poor decisions.
Module 2: Problem Identification and Framing Problem-solving vs decision making
Identifying core issues Tools for problem framing: 5 Whys, Fishbone Diagram
Stakeholder analysis Defining objectives and constraints.
Module 3: Decision-Making Tools & Techniques Decision trees SWOT and PESTLE analysis Cost-benefit analysis Risk analysis and mitigation Sensitivity analysis.
Module 4: Data-Driven Decision Making Role of analytics and data in business decisions Data collection and validation Quantitative vs qualitative data KPIs and performance indicators Using Excel, Power BI for basic analysis
Module 5: Behavioral Aspects of Decision Making Cognitive biases in decision making Groupthink and individual biases Emotional intelligence in decision making
Ethical decision making Decision-making styles (analytical, directive, conceptual, behavioral).
Module 6: Strategic Decision Making Strategic vs operational decisions Long-term planning and scenario analysis Game theory basics Competitive analysis and market forces Case Study: Strategic moves by Fortune 500 companies.
Module 7: Decision Making Under Uncertainty Dealing with incomplete information
Risk tolerance and uncertainty modeling Use of Monte Carlo simulations Scenario planning and forecasting Crisis decision making.
Module 8: Group and Organizational Decision Making Team dynamics in decision making Decision making in leadership and management roles Tools: Brainstorming, Delphi method, Nominal Group Technique Conflict resolution and consensus building
Role of communication in decision implementation.
Module 9: Technology in Decision Making Decision Support Systems Artificial Intelligence and Machine Learning for business insights Automation of routine decisions Tools: ERP, CRM, Business Intelligence platforms Ethics of automated decisions.
Module 10: Real-World Application and Capstone Project Real-world case analysis of decision-making challenges Group project: Solving a real or simulated business problem Presentation and justification of decisions Final assessment (MCQs + practical analysis) Certification exam and feedback.
Industry Projects:
Who is this program for?
How To Apply:
Mobile: 9100348679
Email: coursedivine@gmail.com
You cannot copy content of this page