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Data-Based Decision Making for Managers: Practical Analytics
Role Play
Rating: 4.1 out of 5(4 ratings)
12 students

Data-Based Decision Making for Managers: Practical Analytics

Use data (not guesswork) to set KPIs/OKRs, read dashboards, run tests, and build a culture of evidence-based decisions.
Last updated 6/2026
English

What you'll learn

  • Define objectives and translate them into measurable questions, metrics, and KPIs.
  • Apply a 6-step data-driven decision cycle and validate outcomes with feedback loops.
  • Choose and interpret descriptive, diagnostic, predictive, and prescriptive analytics.
  • Read dashboards/visuals critically and communicate insights with clear data storytelling.
  • Use frameworks like OKRs, Balanced Scorecard, A/B testing, and PDCA/DMAIC.
  • Identify bias, bad KPIs, and data-quality issues that lead to wrong decisions.

Course content

4 sections12 lectures1h 45m total length
  • Introduction7:26

    What does it really mean to be data-driven—and why does it matter now more than ever?
    This opening lecture sets the stage for the course by exploring the core idea behind data-based decision making: using facts, not just instincts, to make smarter calls at work. You’ll learn why relying on experience alone can lead you astray, how data helps sharpen your judgment, and what to expect in the rest of the course.

    • Understand what data-based decision making actually means (and what it doesn’t)

    • Learn why data matters in every industry—not just tech

    • Explore the risks of gut-only decisions and the benefits of evidence-backed thinking

    • Preview the frameworks, tools, and real-world examples covered throughout the course

    • Get inspired to start using data in your own decisions, even without fancy tools or big budgets

  • Why Data-Driven Decision Making Matters7:57

    Why do data-driven companies consistently outperform the competition?
    In this lecture, we explore the real-world value of making decisions backed by data—not just as a best practice, but as a measurable advantage in performance, profitability, and risk management. You'll learn why relying on instinct alone can lead to costly missteps, and how companies that prioritize data make smarter, more strategic moves.

    • Understand how data improves clarity, accuracy, and reduces decision risk

    • Learn from real companies like Red Roof Inn, Capital One, and Walmart

    • See how data-driven thinking helps avoid bias and challenge assumptions

    • Explore why a strong decision culture matters just as much as the tools

    • Discover what goes wrong when companies skip the data and trust gut alone

  • Core Concepts and Terminology9:21

    Ever feel like you’re swimming in data but still don’t know what it means or what to do with it?
    In this lecture, we break down the core language and mental models behind data-based decision making—so you can move from confusion to clarity. You’ll learn how to interpret the right metrics, recognize the difference between data and insight, and avoid common mistakes that even experienced managers make when using numbers to guide decisions.

    • Understand the difference between data, information, and actionable insight

    • Learn how to define and evaluate meaningful KPIs (not just easy-to-track metrics)

    • Explore the concept of evidence-based management and why it matters

    • Avoid common data traps like correlation errors, confirmation bias, and bad inputs

    • Get comfortable with the vocabulary you need to confidently use data in your role

  • The Data-Driven Decision Process9:55

    What makes a decision truly data-driven? It’s not just the data—it’s the process behind how you use it.
    In this lecture, you’ll learn a practical, step-by-step framework for turning raw information into confident action. Whether you're solving a problem or evaluating a new opportunity, this process helps you ask the right questions, gather the right data, and follow through with decisions that stick.

    • Learn a six-step loop for making and validating data-driven decisions

    • Discover how to define clear objectives and translate them into measurable questions

    • Understand how to collect, clean, and analyze relevant data without getting overwhelmed

    • See how to turn insights into action—and why validation is the key to long-term success

    • Explore how real organizations use this process to test, learn, and improve continuously

  • Section 1 Knowledge Check

Requirements

  • There are no pre-requisites for this course

Description

Companies are drowning in dashboards, reports, and “insights”, yet many managers feel less confident, not more. Here’s the opportunity: research consistently shows that organizations that use data effectively outperform their peers—one MIT study found data-driven firms are about 5–6% more productive and profitable, and McKinsey reports data-driven companies are far more likely to be profitable.


In other words, using data well isn’t a “nice to have.” It’s a competitive advantage.


But data-based decision making doesn’t mean ignoring experience or “letting the numbers decide.” It means combining judgment with evidence: defining the right question, using the right data, interpreting results correctly, and validating outcomes so you improve with every decision.


That’s exactly what this course is designed to help you do.


In this course, you’ll learn how to:

- Define data-based decision making (and what it is NOT)

- Turn goals into measurable questions, metrics, and KPIs that drive the right behavior

- Follow a repeatable decision process: define → collect → analyze → interpret → act → validate

- Understand structured vs. unstructured vs. “big data,” and when each matters

- Use the analytics ladder: descriptive, diagnostic, predictive, and prescriptive analytics

- Make sense of dashboards and visualizations—and communicate insights with clarity

- Apply practical frameworks: Balanced Scorecard, OKRs, KPI dashboards, A/B testing, PDCA/DMAIC

- Build a data-driven culture (trust, literacy, experimentation, and shared definitions)

- Spot common traps: correlation vs. causation, confirmation bias, and “garbage in, garbage out”

- Navigate modern challenges: AI/augmented analytics, ethics, privacy, governance, and bias


You’ll also see real-world case studies from companies like Amazon, Netflix, Spotify, and Walmart—so you can model what works and avoid what doesn’t.


This is a practical, manager-friendly course. You won’t need coding skills or advanced math. You’ll learn how to think clearly with data, ask better questions, and make decisions you can defend—whether you’re working with Excel, BI dashboards, or an analytics team.


If you’re ready to stop guessing, reduce risk, and lead with more confidence, this course will give you the toolkit and habits to make data-based decision making part of your daily work.

Who this course is for:

  • Managers and team leads who make operational or strategic decisions
  • Business professionals who want to use data with more confidence
  • Product, marketing, sales, and customer success leaders
  • Operations, supply chain, and service delivery managers
  • HR and people leaders making hiring and performance decisions
  • Entrepreneurs and small business owners who need practical analytics
  • Analysts or aspiring analysts who want stronger decision frameworks
  • Anyone working with dashboards, KPIs, reports, or performance metrics