Ibm for instance has used the management science approach


IBM, for instance, has used the management science approach for decision making to improve the productivity of its sales force (Balakrishnan, Render, & Stair, 2013, p. 4). As a result, the company expects to increase revenue by several hundreds of millions of dollars each year based on analytical decision models. However, this quantitative approach to decision making does not account for qualitative factors such as perceptions and opinions. How do you think qualitative factors might influence the managerial decision-making process? For example, could one use them to evaluate approving and funding projects to determine their return on investment and exposure to risk? What are other examples?

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Operation Management: Ibm for instance has used the management science approach
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