1. Quantitative Analysis
Taylor coined the principals of the scientific approach to management that we know and use today. ... Quantitative analysis consists of seven steps that are used in its approach. ... Data are inputs or raw materials to produce results or outputs using the machine of models. ... These steps are the building blocks of any successful use of quantitative analysis. ... The steps of quantitative analysis do not guarantee success but when applied carefully they are useful assets to business solutions everyday. ...
- Word Count: 739
- Approx Pages: 3
- Grade Level: High School