Managerial Decision Making

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Decision-making can be an exciting and challenging experience in this competitive world of business and particularly during uncertainty and turbulent times like the pandemic. This contextual notion of Managerial Decision Making is used to bring conceptual order in the endless variety of functional areas of business. The decision-makers normally take decisions in their functional area and have little or no understanding of decisions taken in other functional areas. Therefore, this Programme has been designed with a cross-disciplinary approach to give a holistic view of how decisions should be taken in different functional areas at the organizational level in the dynamic competitive, and challenging business environment. In recent times decision-making is aided by various tools, techniques, and data analytics. Since most major decisions have overtones of the economy, therefore it becomes imperative that decisions are taken with an understanding of the difficult environment of business and the economy.

To appraise the participants of the varied nature and challenges of managerial decisions

To familiarise the participants with the conceptual order of different kinds of managerial decision making

To acquaint the participants with the latest tools and techniques of decision making

To facilitate the learning of managerial decision-making by assessing the disruptive impact of local and the global business environment

The decisions by Functional Area

1. Production and economic decisions

2. Marketing decisions

3. Financial decisions

4. Strategic decisions

Tools for Decision Making

5. Statistical Techniques

6. Data Analytics

7. Artificial Intelligence and Machine Learning

External Factors affecting Decision Making

8. Competitive Business Environment

9. Government Policies

Managers and decision-makers from all sectors in private and public undertakings

Course Details

Venue Offline
Duration 30 Hrs.
Starts On Aug 21, 2023
Faculty Prof. Vijaya Gupta / Prof. Utpal Chattopadhyay

Fees Details

Duration Professional Fee*(Per participant) GST(18%) Total Fees(Per Participant) Programme Code
30 Hrs. 17,500.00 3,150.00 20,650.00 1 24 4 77
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