Business managers in the 21st century have access
to large amounts of information. A major issue is
how to use the available information to make better
decisions. Sorting, organizing and analyzing data
becomes mere activities unless one is able to gain
insights into what the data is revealing and accurately
make use of the information for further actions. This
training program teaches the basic principles and
concepts of the use of statistics for decision-making
and demonstrates the power of proven techniques used
by highly successful managers in many functional areas
of business such as accounting, finance, management,
operation, and marketing. Statistics business scenarios
are used extensively throughout the course to provide
an applied context for the workings of statistics.
Unlike traditional Statistical
courses that emphasize on meticulous calculations
and deriving formula,
this training program smartly utilizes common computer
spreadsheet techniques (such as. MS Excel) to simplify
tedious tasks such as calculations, graphing and searching
of statistical tables.
Our emphasis, therefore, is to focus more on value-added
learnings such as fast
data analysis, interpreting
results, taking
actions to improve operational controls
and making sound business
decisions. Combining various teaching
methods such as group discussions and real business
case studies, this program also includes computer
simulations with an emphasis on participation throughout.
This training program is a must for modern managers,
executives and engineers whose jobs require handling
lot of data and making business and operational decisions.
