MANAGEMT 7233 - Statistical, Quantitative & Analytical Thinking

A key feature of today's business environment is the need for managers to cope with an increasing amount of data and use it to support effective decision making. The complexity of operational and financial data found in most organisations, Balanced Scorecards, improvement methodologies such as Six Sigma, Supply Chain Management, Forecasting and Business Modelling techniques, all require managers to have sound quantitative skills in order to understand the current situation, solve problems, make decisions and develop strategies.

This course develops skills and expertise in the use of tools and techniques required to support the quantitative aspects of managerial effectiveness. In particular, this course helps students develop a "statistical thinking" mindset in the way they go about understanding and reacting to quantitative information. The course takes a pragmatic and application based approach and will feature a work-based project as well as many in class case studies, simulations and application exercises.