Data-Driven Decision Making

Description

Purpose

This course equips executives with the skills to effectively combine data analytics with intuitive judgment, enhancing their decision-making capabilities in complex, dynamic situations. Gain a competitive edge by balancing evidence-based strategies with professional expertise, leading to better organisational outcomes.

Your benefits
- Analyse and apply data-driven decision-making models within your organisation.
- Recognise and mitigate unconscious biases that can affect decision outcomes.
- Distinguish when to rely on intuitive judgment versus data analysis in decision-making processes.
- Integrate multiple stakeholder perspectives in strategic decision-making.
- Lead teams in developing a balanced approach to data and intuition in decision-making.

About the course 
This course focuses on the integration of data-driven methods with executive intuition to enhance decision-making processes. Participants will explore the theoretical foundations of decision-making, from rational and evidence-based approaches to the role of intuition and expertise. The course emphasises practical application through case studies and interactive exercises, enabling participants to apply these concepts directly to their own organisational contexts. A particularly interesting aspect of the course is the exploration of how machine learning and AI are reshaping decision-making structures, and how executives can leverage these technologies while maintaining their unique human judgment.

Themes
- Foundations of rational, data-driven, and behavioural decision-making.
- Evidence-based decision-making: opportunities and limitations.
- The role of intuition in executive decision-making.
- Combining data and intuitive judgments in complex decisions.
- The impact of AI and machine learning on organisational decision-making structures.

Copenhagen Business School, MBD