Figures Management

The Role of Quantitative Management in Organizations

The specific management of an organization with a focus on both quantitative and qualitative analysis in order to attain the goals specified. Quantitative management refers to the use of precise values that are utilized to produce a specific product when there are clear values that are employed in the provision of the final product. Operations research is a branch of science that integrates numerous important disciplines employed in organizational regulations.

Examining Explicit Objectives with Quantitative Management

The explicit objectives that must be attained are examined by quantitative management to ensure that the stated goals have a particular value (Davidson & Burke, 2014). This enables the running of an organization to have a specific time frame in which it would be running. There is also the provision of the course of action in this discipline such that several procedures are stipulated with different directions at how best the final target can be achieved.

Evaluating Targets and Providing Alternatives

There is also the practical part of the entire project whereby the set targets are evaluated and determined if they are achievable. In this plan, the provided alternatives are also valued to determine their worthiness. This enables the project to be well managed and run successfully giving it the allowance to expand for future growth.

Consideration of Eventualities in Quantitative Management

However, eventualities must also be taken into account, which are uncertainties that are likely to arise and undermine the entire process of service and the target delivery. Such probabilities include matters that are not within the ability of the organization in the decision-making, for example, the government policies (Lee, 2016). This is beyond the administration and could undermine the quantitative measure of an organization of which the best by the management is to find a way of transforming itself and its leadership into the policies. There are also the external bodies that are not part of the organization and could be partners or customers of the organization. They influence in such a way that they could be the potential customers or the major raw material suppliers, issues that could automatically impact quantitative management.

References

Davidson & Burke. (2014). Women in management worldwide: facts, figures and analysis-an overview. Ashgate Publishing Aldershot.

Lee. (2016). Impact of government policy and environment quality on visitor loyalty to Taiwan music festivals: Moderating effects of revisit reason and occupation type.Tourism Management. Elsevier.