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Analytics for Strategic Management (BUSA90531)
Graduate courseworkPoints: 12.5On Campus (Parkville)
Overview
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Over the past decade, there has been a growing demand for big data and analytics in business and public organisations. As society is moving towards to a “big data world”, there is growing interest for analytics, machine learning and artificial intelligence. While not every manager is going to become a data analyst, the broader spectrum of general managers still needs to understand how they can use the power of analytics to improve their firm’s business performance. In essence, they need to understand what analytics can, and cannot do in terms of contributing to the development of a better and more sustainable overall strategy for their firm. This subject addresses the strategic management issues related to the fast-moving big data world from the general manager’ perspective, as opposed to the data scientist’s perspective.
Intended learning outcomes
Upon completion of this subject, students should be able to:
- Have a greater appreciation of the power of analytics in creating, revising and implementing a better strategy for the firm
- Integrate their general management skills with the outputs that analytics can provide
- Translate analytics outputs into insights for making better decisions
- lead a wide range of organisations to be data driven
- be aware of both the potential and the limitations of big data analytics
Last updated: 30 January 2024