Quantitative Approach - Sub Fields

The video tutorial covers various management approaches, including operations management, which focuses on using mathematical models to enhance organizational efficiency. It also discusses quantitative management, a broader field often referred to as management science. Total quality management is highlighted, emphasizing the use of statistics to improve product quality, reflecting Deming's work. Finally, management information systems are explored, showcasing how computers are used to provide information and generate reports to aid managerial decision-making.

What is the primary goal of operations management?

• To focus solely on customer satisfaction

• To reduce the use of technology

• To enhance efficiency and effectiveness in processes

• To increase the number of employees

Which field is often considered broader than operations management?

• Marketing management

• Financial management

• Quantitative management

• Human resource management

Total quality management is closely associated with which of the following?

• The use of qualitative analysis

• The work of Deming and statistical methods

• The reduction of production costs

• The increase in product variety

What is the main function of management information systems?

• To develop marketing strategies

• To provide information and generate reports for decision-making

• To automate manufacturing processes

• To manage employee performance

How do management information systems assist managers?

• By eliminating the need for reports

• By providing the necessary information for decision-making

• By reducing the need for meetings

• By increasing the number of employees