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Fundamentals of Business Problem Solving

Alton Henley

This course introduces how to classify data and create models used to solve business models. Learners will use Solver to create expressions to find optimal paths for business problems.

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What's inside

Syllabus

Introduction to Business Problem Solving
This module introduces the key components of a business model. It also provides an overview of how to use Solver in Microsoft Excel.
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Creating a Basic Business Model
This module describes how to create a spreadsheet model for a business problem and use data points to analyze the trends.
Building Different Model Types
This module focuses on how to build and solve business problems related to profit and product mix models.
Model Optimization
This module explains how to use Solver in Microsoft Excel to optimize business models.

Good to know

Know what's good
, what to watch for
, and possible dealbreakers
Introduces learners to Solver, an industry-standard software tool for business optimization
Develops core skills in spreadsheet modeling, a fundamental skill for business professionals
Taught by Alton Henley, recognized as an expert business instructor

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Career center

Learners who complete Fundamentals of Business Problem Solving will develop knowledge and skills that may be useful to these careers:
Operations Research Analyst
Operations Research Analysts use mathematical and analytical models to find optimal solutions to business problems. This course will help you develop the skills and techniques you need to succeed in this role, such as building and optimizing complex models using Solver.
Business Analyst
Business Analysts work with businesses to analyze their operations and develop strategies for improvement. This course will help you to develop the technical skills, such as modeling in Microsoft Excel, as well as the essential problem-solving and decision-making skills that are required in this role.
Quantitative Analyst
Quantitative Analysts use mathematical and statistical models to analyze financial data and make investment recommendations. This course will help you develop the strong foundation in financial modeling that is required in this role.
Management Consultant
Management Consultants provide advice to businesses on how to improve their operations and achieve their goals. This course would be valuable to you as it will help to strengthen your problem-solving and analytical skills which are necessary in developing and implementing effective business solutions.
Statistician
Statisticians collect, analyze, and interpret data to provide insights and solve problems. This course will help you build a strong foundation to enter this field and provide you with skills, such as data modeling, which are essential for success.
Business Intelligence Analyst
Business Intelligence Analysts use data and analytics to provide insights to businesses that can help them make better decisions. This course will help you develop the skills and knowledge needed in this role, including data analysis, modeling, and problem-solving.
Data Analyst
Data Analysts collect and analyze data to identify key trends and patterns that can help businesses make informed decisions. This course can help you sharpen your data analysis skills, with particular emphasis on financial data analysis, which is necessary for success as a Data Analyst.
Market Researcher
Market Researchers conduct studies and use their findings to understand consumer behavior and market trends. This course will introduce you to fundamental business problem-solving and data analysis techniques that are widely used in market research.
Financial Risk Manager
Financial Risk Managers are responsible for identifying, assessing, and managing financial risks. This course can help to build a foundation for you by providing you with the skills to build and analyze financial models, which is essential for effective risk management.
Pricing Analyst
Pricing Analysts analyze data and develop pricing strategies for businesses. This course will be helpful to you in this role as it covers how to build and use financial models, which is essential for determining optimal pricing.
Financial Analyst
Financial Analysts develop financial models to identify investment opportunities and assess financial risks for businesses and individuals. Having taken this course, you will be able to efficiently build and manipulate models as they pertain to this role.
Actuary
Actuaries use mathematical and statistical models to assess risk and uncertainty, particularly in the insurance industry. Many actuarial roles, especially in the life and health insurance industry, could benefit from your having taken this course.
Financial Planner
Financial Planners help individuals and businesses develop and implement financial plans to achieve their goals. This course will be helpful to you as many financial planning roles incorporate aspects of business problem solving and data analysis into their work.
Risk Analyst
Risk Analysts assess and manage risks for businesses and organizations. This course will give you a head start in this field by introducing you to the processes and techniques used to identify, analyze, and mitigate risks.
Investment Analyst
Investment Analysts analyze financial data and make recommendations to investors on which investments to buy, sell, or hold. This course may be helpful to you if you are interested in pursuing this role as it provides an overview of financial modeling and problem-solving techniques that are commonly used in this field.

Reading list

We've selected ten books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Fundamentals of Business Problem Solving.
Provides a comprehensive overview of predictive analytics and how it can be used to solve business problems.

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