This text provides the MBA students with a detailed understanding of both the role and purpose of quantitative techniques in effective management and in the process of managerial decision-making. In addition to focusing on specific quantitative skills development, it provides the potential management with a detailed overview of how such techniques fit into the management process. The text encompasses a mixture of quantitative methods typical to MBA courses including data presentation and analysis techniques, statistical techniques and basic operational research models. Each chapter is preceded by a detailed set of learning objectives, contains business cases and ends with exercises, solutions and a summary of the key topics introduced. public and private sector oragnizations, and real data sets and illustrative examples are included. Each chapter contains detailed learning objectives, exercises, and detailed student activity, with solutions and summary. students all of whom take a core module in quantitative methods, postgraduate and post-experience students of quantitative methods, those taking professional courses such as those run by ACCA and CIMA, and final-year undergraduates studying quantitative methods on business studies programmes.
As a manager, developing a good understanding of the business analysis techniques at your disposal is crucial. Knowing how and when to use them and what their results really mean can be the difference between making a good or bad decision and, ultimately, between business success and failure.
Quantitative Methods for Decision Makers covers everything you need to know for an introductory quantitative methods course. Relating techniques directly to real-life business decisions in private and public sector organisations, it is particularly well-suited to MBA students who will be applying quantitative methods in day-to-day managerial decision-making.
Thoroughly revised and with an ever-more reader-friendly design in this fifth edition, key features of the book include:
- Student Activities with a solutions Appendix
- Fully worked examples and exercises supported by Excel data sets
- “QMDM in Action” case studies illustrating how real-life organisations benefit from the use of quantitative techniques
- A chapter on financial decision-making
A companion website at www.pearsoned.co.uk/wisniewski provides data sets and (for Instructors only) fully-worked solutions for the Exercises in the book.
Wisniewski makes numerical and statistical concepts understandable and brings them to life using excellent scenarios and case studies. This book was a valuable resource during my MBA studies and I am encouraging all my non-statistical colleagues and anyone who works with statistics or performance measurement data to read this book! - Brian J Pickett, Assistant Director, Local Government Data Unit, Wales
Mik Wisniewski is Senior Research Fellow at Strathclyde Business School in Scotland. He also works as a freelance management consultant with clients including PriceWaterhouseCoopers, ScottishPower and Shell, and a variety of public sector organisations in the UK and internationally.
