Columbia Business School Executive Education

Quantitative Intuition: Making Smarter Decisions with Imperfect Information

Columbia Business School Executive Education
In New York City (USA)

Price on request
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Important information

Typology Course
Location New york city (USA)
Start 11/09/2019
  • Course
  • New york city (USA)
  • Start:
    11/09/2019
Description

On any given workday, business leaders are faced with an ongoing and billowing stream of data and information. Every day, they and their team are required to make hundreds to thousands of business decisions.


Often these decisions are made based on previous experiences, "business as usual," or staying in your comfort zone instead of synthesizing new and existing data and insights. The challenge then is: How can executives decipher the meaningful information from the clutter? How can they ensure that they make an impact for their business against the flush of information washing over them? How can they become catalysts of change?


The popular answer often is to improve the analytical skills and tools of your team. But the true challenge is for executives to manage their team in an increasingly analytical business environment and to improve their ability to quickly extract, compile, and synthesize pieces of imperfect information to make smarter decisions.


In Quantitative Intuition: Making Smarter Decisions with Imperfect Information, participants learn how to make bold decisions with incomplete information via precision questioning and business acumen driven by pattern recognition.


This quantitative intuition™ framework – developed exclusively by the faculty directors of this program – teaches participants how to develop a parallel view of the issues that matter rather than just a logical sequence of thoughts to evaluate the situation as a whole. You will walk away from the program with the competencies to help you make smarter, data-driven decisions under uncertainty.

Facilities (2)
Where and when
Starts Location
11 Sep 2019
New York City
3022 Broadway, NY 10027, New York, USA
See map
On request
New York City
3022 Broadway, NY 10027, New York, USA
See map
Starts 11 Sep 2019
Location
New York City
3022 Broadway, NY 10027, New York, USA
See map
Starts On request
Location
New York City
3022 Broadway, NY 10027, New York, USA
See map

What you'll learn on the course

Decision Making
Leadership
Data analysis
Data Collection
Team Training
Management Planning
Business
Leader
Management
Team Training
Business
Decisive execution

Course programme

Program Structure

The program is taught workshop style using a combination of lectures, guest speakers, simulation via an immersion experience tool, and in-class exercises. Throughout the program, the participants will work on a group project that will provide an opportunity to integrate the steps in developing quantitative intuition discussed in the program. Program sessions will be devoted to exploring the material through analysis of cases and applying the concepts to real-world situations.

The program involves three components:

Precision Questioning
  • Understand your biases
  • Discover why asking the right questions can lead to more successful decisions than having the right answers
  • Learn how to ask data-driven questions

Pattern Recognition
  • Learn how to evaluate data integrity
  • Disentangle the squiggly line from a meaningful pattern
  • Consider customer needs
  • Master the art of guesstimating – the Fermi method


Parallel Processing and Delivery
  • Pinpoint actions and growth opportunities
  • Create richer data-driven dialogue
  • Understand the difference between summary and synthesis
  • Utilize effective data visualization and 3D Storytelling

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