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Management Guru 6

Management Guru 6

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Published by Gabriel

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Published by: Gabriel on Aug 26, 2009
Copyright:Attribution Non-commercial

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05/16/2012

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OBJECTIVES
At the end of this topic, you will be able to:
Enable learners to understand the lives, philosophies, ideas and contributions of Quantitative Management Gurus and Thinkers
Enable learners to assess and evaluate the importance and impact of those ideas inorganizations and society
Enable learners to relate the ideas to other management gurus from other disciplines of knowledge
Enable learners to apply the best and the most relevant concepts formulated bymanagement gurus and thinkers in behaviors and practices in daily lives.
ABSTRACT
Quantitative Management is a contemporary management approach that emphasizes theapplication of quantitative analysis to managerial analysis and problems.
 
4.1 INTRODUCTION
The quantitative management involves the use of quantitative tools to manage the organization.This approach was born during World War 2 with research teams that developed radar, guidancesystems, jet engines, information theory, and atomic bomb. Since then quantitative tools havebeen applied to every aspect of business. To determine the quality of products and services,quantitative and qualitative measurement must be used. People are the key, and highly motivatedand committed people make quality decisions and deliver quality outputs.Companies must develop and utilize the leadership potential that exits within their employees.Among the management thinkers that contributed their theories in quantitative managementinclude Deming, Juran, Feigenbaum, Crosby, Ishikawa, Shewhart, and Tribus.

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