Course Description

Course Title:

Understanding Business Data for Decision Making

Course Description:

This course is designed to help level 4 students develop a solid understanding of how business and management data is used to inform decision making. Through interactive lessons, practical examples, and engaging activities, students will learn to analyse different types of data, represent and interpret data, and effectively communicate data to stakeholders. By the end of the course, students will have the knowledge and skills to make informed business decisions based on data analysis. They will also be able to determine and interpret statistics, communicate outcomes to different stakeholder groups, and select appropriate written report formats for different audiences and content. The course will also cover communication strategies that take into account the needs of different stakeholder groups, the use of different written report formats, including formal and informal formats, and the choice and use of appropriate software for presentations that include textual, graphical, and pictorial elements. Students will also learn to create tables, graphs, charts, and diagrams, such as pictograms, pie charts, bar charts, frequency curves, histograms, line graphs, and scattergrams.

Course Objectives:

 Compare different types of business and management data.

 Represent and interpret business and management data.

 Identify appropriate methods for communicating business and management data to stakeholders.

 Analyse business data to identify trends and relationships between variables.

 Use numerical analysis outcomes to inform business decisions.

 Determine and interpret statistics for decision making.

 Effectively communicate data analysis outcomes to internal and external stakeholders.

 Select appropriate written report formats for different stakeholder groups.

 Apply communication strategies that meet the needs of different stakeholder groups.

 Use different written report formats, including formal and informal formats.

 Utilize appropriate software for presentations with textual, graphical, and pictorial elements.

 Create tables, graphs, charts, and diagrams to effectively present data.

 Create pictograms, pie charts, bar charts, frequency curves, histograms, line graphs, and scatter grams for data visualization.