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?
I am giving my thoughts below in relation to your requirement. I hope you find it satisfactory.
1. 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 ...
The solution explains why a quantitative approach to problem solving be adopted