Answer
Short techniques.
A quantitative approach is always dealing with a quantity or numbers of some sort to prove a point. With the use of quantitative approach we improve our decision making power. It is especially useful in planning and control.
Planning is one of the techniques through which you can achieve your goal.
To make any business successful planning needs to be your first priority. Without successful planning you can only plan for your business to fail. Planning is setting goals and objectives ahead of time so you can have a solid foundation or structure for the future. As Management should understand when you set objectives you must set them into two different categories called qualitative and quantitative. When you set quantitative goals you must go off of how many employees you may need, the numbers of units produced, etc. When you set qualitative goals you are going to look at the quality of the employees (i.e. setting performance goals for your staff, etc).
You have been asked by your manager to conduct a preliminary search of recommending the two most common types of contemporary planning techniques - Project Management and Scenario Planning.
One advantage of quantitative techniques in planning is the ability to have better information. A disadvantage is the fact that the process takes too long.
tourism planning approaches and techniques
tourism planning approaches and techniques
It gives you sense of achievement for your day-to-day busness activity
Short techniques.
A quantitative approach is always dealing with a quantity or numbers of some sort to prove a point. With the use of quantitative approach we improve our decision making power. It is especially useful in planning and control.
Planning is one of the techniques through which you can achieve your goal.
To make any business successful planning needs to be your first priority. Without successful planning you can only plan for your business to fail. Planning is setting goals and objectives ahead of time so you can have a solid foundation or structure for the future. As Management should understand when you set objectives you must set them into two different categories called qualitative and quantitative. When you set quantitative goals you must go off of how many employees you may need, the numbers of units produced, etc. When you set qualitative goals you are going to look at the quality of the employees (i.e. setting performance goals for your staff, etc).
To make any business successful planning needs to be your first priority. Without successful planning you can only plan for your business to fail. Planning is setting goals and objectives ahead of time so you can have a solid foundation or structure for the future. As Management should understand when you set objectives you must set them into two different categories called qualitative and quantitative. When you set quantitative goals you must go off of how many employees you may need, the numbers of units produced, etc. When you set qualitative goals you are going to look at the quality of the employees (i.e. setting performance goals for your staff, etc).
project management and scenarios planning
Quantitative Strategic Planning Matrix
You have been asked by your manager to conduct a preliminary search of recommending the two most common types of contemporary planning techniques - Project Management and Scenario Planning.