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Data-driven Decision Making (5 cr)

Code: HL00BQ82-3014

General information


23.05.2022 - 29.05.2022


07.09.2022 - 19.11.2022

Number of ECTS credits allocated

5 op

Virtual proportion

5 op

Mode of delivery

Distance learning


Laurea Leppävaara, service


Laurea Leppävaara

Teaching languages

  • Finnish


20 - 50

Degree programmes

  • Turvallisuuden ja riskienhallinnan koulutus (HTA2), Laurea Leppävaara (Finnish)


  • Lassi Tissari

Teacher in charge

Lassi Tissari


  • HTA221SN
    Turvallisuuden ja riskienhallinnan koulutus, päivätoteutus, S21, Leppävaara


The student is able to
- use planning, analysis and decision-making tools and techniques in strategic planning
- analyze financial statements and business reports and use them as a basis for decisions
- make business decisions in various business contexts
- apply data in decision making

Teaching methods

Exam (online. individual assigment)
Business Simulation Game (online, Team assigments)

Assessment of this study unit is based on exam (30%) and team assignments (70%), and individual assignments which have to be passed (in Business Simulation Game)
Exam is based on the textbooks 1 - 4 (chapters listed below)) , lectures and the Business Simulation Game Documentation

Learning materials and recommended literature

Book 1
Strategic Management
M. Jeyarathmm. 2008. Global Media
eBook:, M.
Chapters: 1 The Strategic Management Process, 2. Missions and Goals, 5. Porter's Five Forces Model, 10. Strategy Formulation: At the Business Level, 11 Strategy Formulation: Functional Strategy
Book 2
Service Management: An integrated approach
Van Looy, B., Gemmel,P & Van Dierdonck, R. 2013. Essex:Pearson Education Limited.
Chpater 21: Defining Service Strategy (pdf document in Optima)
Book 3
The Business Owner's Guide to Reading and Understanding Financial Statements : How to Budget, Forecast, and Monitor Cash Flow for Better Decision Making
Lita Epstein.2012. John Wiley & Sons, Incorporated
Chapters: Chapters 1 - 5
Book 4
Financial analysis & decision making: tools and techniques to solve financial problems and make effective business decisions. Vance, David E.
Published:New York : McGraw-Hill, 2002.
Chapters: 1 Financial Statements and Accounting Concepts, 2 Financial Ratios and Other Measures of Performance 15 Master Budgets and Vanriance Analysis

Grading scale