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I need help in understanding this question and management approach. Please see attached.
Suppose you have just been hired by a small firm. After being on the job for a few weeks, you realize that most problem solving is done on an informal basis – quantitative models are not being used. You share your reservations about this with your manager, and after a certain amount of discussion, your manager asks you to outline your reasoning on why the firm should adopt a more quantitative approach to problem solving. What would the main points of your response be?
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https://brainmass.com/business/business-management/quantitative-approach-to-problem-solving-302584
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I am giving my thoughts below in relation to your requirement. I hope you find it satisfactory.
- The quantitative approach would make the decision making more objective. The figures can be checked and verified and so that would help objectivity in decision making. A subjective decision making is not good since the decision is influenced by the person …
