Course Description
Learn essential data-driven frameworks for structured business decisions. You’ll explore decision matrices, probability analysis tools, and methods for quantifying business risks. Features practical exercises using case study simulations to support decision-making processes.
Course Objectives
By the end of this course, you will be able to:
- Analyze business problems using decision matrices to systematically evaluate alternatives and prioritize options.
- Apply probability analysis tools, including decision trees and Monte Carlo simulations, to assess the likelihood and impact of various business outcomes. This includes working alongside AI-powered analytical tools while ensuring transparent, accountable decision-making through explainable AI techniques that can be justified to stakeholders and regulatory bodies.
- Quantify business risks using statistical models and scenario analysis to support risk-informed decision-making.
- Interpret real-world data sets to extract actionable insights that inform strategic business decisions. This includes building proficiency in making effective business decisions with incomplete information in rapidly changing environments, utilizing streaming data, edge computing, and agile analytical approaches when perfect analysis isn’t feasible.
- Create a comprehensive data-driven decision report that integrates quantitative analysis and risk assessment to recommend optimal business actions.
Outcome Proficiency Groups
MBA 543 helps you grow in three of the five MyMBA program outcomes:
Strategic Thinking & Decision Making
Use decision matrices and scenario analysis to choose the best course of action.
Analytics & Critical Thinking
Apply decision trees, Monte Carlo simulations, and statistical models to quantify risk.
Ethical Leadership & Social Responsibility
Keep AI-assisted decisions transparent, explainable, and accountable to stakeholders and regulators.
Where This Course Leads
The skills you build here carry forward to the MBA Capstone, where you bring all five outcome proficiency groups together to tackle a contemporary business challenge.
