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MANAGERIAL BUSINESS & DECISIONS MODELING
(Using Microsoft® Excel)
   
iNTRODUCTION :
 

“ For decades businesses has been using those MBA-taught methods to make decisions. This course revolutionalized the teaching of those proven data-analysis & business modeling techniques by integrating the use of MS Excel as a business tool for analysis, interpretation and presentation to make sound business decisions - - simple and fast ! ”

 

Making sound business decisions in a timely manner, with available data, using proven business tools/techniques and correct interpretations are the key skills for today’s Business Managers and Entrepreneurs. Faced with large amounts of information available today, most Business Managers use modern tools (such as Microsoft® Excel spreadsheet program) to help them summarize, report, and analyze data in order to make accurate and better decisions. They also need to build analytical business models to help their company increase profits, reduce costs, or just to manage their operations more efficiently.

This training program covers those important MBA subjects and teaches the participants to use the correct data analysis tools and proven business modeling techniques that could save them tens of hours each week besides providing them with new improved approaches for analyzing important business problems and opportunities. The training approach is hands-on, practical, teach-by-examples with the focused emphasis on “real-world” business scenarios and examples. This program incorporate the use of modern business tools (such as MS Excel) to reduce those boring and tedious tasks (like calculating, graphing and searching of statistical tables) into just a few clicks of a button on the computer keyboard. In doing so, it allows participants to spend more time focusing on more value-added tasks such as interpreting the business results, optimizing opportunities and creating various business scenarios for those crucial business presentations. The participants wouldn’t just learn about MS Excel formula but learn those MBA-important subjects in a fairly painless fashion! This training program is a must for modern managers and executives who need to acquire these essential business skills to survive and compete in today’s competitive environment.

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NOTE: Value-add MS Excel working templates will be given to participants after completion of this course. These working templates can save participants hundreds of hours in creating charts and building tables. With this valuable tool, participants can transfer all that is taught into their workplace immediately.

COURSE OBJECTIVES:

At the end of the course, participants will..

  • Better understand real business decision-making techniques by analyzing data using MBA-proven methods in the areas of Business Statistics, Quality Improvements, Operation Management, Sales & Marketing, and Finance.
  • Better utilize MS Excel to quickly and easily compute data, present charts/tables, describe information and interpret results.
  • Learn to solve real work business problems in a fast pace and painless manner.
  • Be able to test and make better business and personal decisions for bottom-line results.
  • Learn new techniques in building business scenarios fast
course contents:


Introduction:

Taking advantage of MS Excel analysis & charting power:

  • MS Excel Add-in, functions, charts, etc.
  • Get new perspectives on data with pivot tables.
  • Easy charting and tabling techniques for better decision making.
  • Easy graphing for business presentations

Making Business Operations Decisions

Analyze data and using decision modeling techniques to quickly:

  • Calculate how long it would take to recoup a project’s startup costs
  • Determine which product mix will yield the greatest profits
  • Create customer service queues with short wait times.
  • Estimate the probabilities of equipment failure
  • Model business uncertainties
  • Use Solver to schedule your workforce

Making Sales & Marketing Decisions

Analyze data and using decision modeling techniques to quickly:

  • Create best, worst, and most-likely scenarios for sales
  • Estimate a product’s demand curve.
  • Interpret the effects of price and advertising on sales
  • Manage inventory and order quantities with precision

Making Quality Improvements Decisions

Analyze data and using decision modeling techniques to quickly:

  • Understand basic statistics
  • Summarize data with Descriptive Statistics
  • Summarize data with Histogram
  • Summarize data with Pareto diagram. Separating the “vital fews” from “trivial many”.
  • Summarize data with Scatter diagram
  • Understand the fundamental of Hypothesis testing: Z-tests, t-tests
  • Perform Analysis of Variance : 1-way ANOVA, 2-way ANOVA

Making Personal Financial Decisions

Analyze data and using decision modeling techniques to quickly:

  • Plan personal finances, such as computing loan terms or saving for retirement
  • Create Sensitivity Analysis with Data Tables

Exercises:

  • Business scenarios/ simulations
  • Real business exercises and Case studies
  • Individual & group exercises

**SPECIAL NOTE ** :

1). In order to achieve the accelerated learning objectives of this course, it is necessary that participants have some basic Microsoft ® Excel spreadsheet skills such as using formula, work with cell references, edit graphs, etc.

If the participant would like to have prior training on Microsoft® Excel basics before attending this course, please click here to find out more.

2). Class setup must include making computers preloaded with MS Excel 2000 (and above) licensed software available for participants to work.

 

who should attend:
  • - Business Managers, Entrepreneurs, Executives and Engineers
administrative details :
Duration : 3 days
Time : 9.00am - 5.00pm
Venue : In-house or public program
Language medium : English
 
 
Trainer :
Nelson Kok (please click here to see trainer's profile)
 
 
 
 

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