Management science approach

Management science approach

Management science approach also known as mathematical or quantitative measurement of the approach, visualizes management as a logical entity, the action of which can be expressed in the terms of mathematical symbols, relationship and measurement data. The primary focus of this approach is the mathematical model. Through this devise, managerial and other problems can be expressed in basis relationship and, where a given goal is sought, the model can be expressed in terms which optimize that goal. This approach draws many things from the decision theory approach and in fact, provides many techniques for rational decision making. The major features of this approach are as follows:

1.       Management is regarded as the problem saving mechanism with the help of the mathematical tools and techniques.

2.       Management problems can be described in terms of mathematical symbols and data. Thus every managerial activity can be quantified.

3.       This approach covers decision making systems analysis and some aspects of human behavior.

4.       Operations research, mathematical tools, simulation, models, etc. are the basic methodologies to solve managerial problems.

Uses and limitations: management science approach is a fast developing one in analyzing and understanding management. This has contributed significantly in developing orderly thinking in management, which has provided exactness in the management discipline. Various mathematical tools like sampling, linear programming, games theory, time series analysis, simulation, waiting line theory etc, have provided more exactness in solving managerial problems. It is very difficult to call it a separate school of management because it does not provide the answer for the total managerial problems. Moreover, many managerial activities are not really capable of being quantified because of involvement of human beings who are governed by the many irrational factors also.

Related Questions in Biology

• Q :Use of Glucorticoids in transplant

For which reason the glucorticoids are used in transplant patients?

• Q :What is proteinuria What do you mean by

What do you mean by the term proteinuria? Why proteinuria is considered as the sign of glomerular renal injury?

• Q :Six Paths Analysis Questions:   1.

Questions:  1.     The attached project plan should be enhanced with strategic thinking concepts and strategic tools. The tool

• Q :Significant human diseases caused by

Write down other significant human diseases caused by the protozoans?

• Q :Difficulty of coordination Difficulty

Difficulty of coordination Large business enterprises consist of a number of a department such a production, sales purchase . Finance these department find it hard t

• Q :Description of tympanum Give a brief

Give a brief description of tympanum? In which part of ear is it situated and also writes down its function?

• Q :Cerebellum Why the cerebellum is more

Why the cerebellum is more developed within the mammals which jumps or fly?

• Q :Are viruses are cellular beings Are

Are viruses are cellular beings?

• Q :Features of cellular fungi What are the

What are the major features of cellular fungi?

• Q :Structures which participate in human

Write down the structures which participate in human auditory sensitivity?