KESTREL E.

LERON
Quantitative Techniques (MBA 200)
Dr. Emma Sagarino

JOURNAL CRITIQUE

I. Citation

Tanlamai, A., 2011. Implementation of Quantitative Management Techniques and

Organization Performance. Journal of Global Business Issues; Spring 2011;
5, 1; ProQuest Central, pg. 43

II. The Topic

The article determines the usages of quantitative techniques among Thai

companies and discussed the relationship between the implementation of
quantitative management techniques and organizational performance. Quantitative
management techniques are commonly used among Thai companies. The most
used quantitative techniques are break-even analysis, quality control, forecasting,
sampling, and decision model. It was found that the groups of advance quantitative
techniques had significant influence toward financial performance while the group of
advance operations and production management techniques has a significant
relationship with the non-financial performance. Further, the researcher emphasize
that business management nowadays are more complex due to the factors that keep
on changing which affects company’s production and business performances.
Besides, quantitative management analysis is a great help. However, the lack of
knowledge and understanding of employees on how to utilize these techniques
properly was one of the factors that hinder the company from using it.

III. Summary

Implementation of quantitative management techniques in Thai companies

was only limited due to employees’ skills and knowledge deficiency on how to utilize
it. There is a need for Thai companies to provide trainings and workshop in their
respective employees in order to introduce the benefits of quantitative management
techniques in terms of financial and non-financial performances of business.

IV. Conclusions

Quantitative methods encompass a range of data skills, from simple statistical

analysis to more advanced predictive modeling. The idea behind many quantitative
approaches is to understand how and why something has happened and how we
might prepare or predict changes in the future. In an increasingly complex business
environment executives have to grapple with a problems and issues which range
from the relatively trivial to the strategic. In such an environment the quantitative
techniques have an important role. It is obvious that life for any employees in any
organization is becoming increasingly difficult and complex. Organizations find
themselves operating in an increasingly complex environment. Therefore, employees
should master and improve more their understanding on these techniques to help
assess company’s financial and non-financial performances.
V. Reflection

In the business world, and in fact, in practically every aspect of daily living,
quantitative techniques are used to assist in decision making. In order to work
effectively in a modern business organization, whether the organization is a private
commercial company, a government agency, a state industry or whatever, managers
must be able to use quantitative techniques in a confident and reliable manner.
Accountants make decisions based on the information relating to the financial state
of organization. Economists make decision based on the information relating to the
economic framework in which the organization operates. Marketing staff make
decisions based on customer response to product and design. Personnel managers
make decisions based on the information relating to the levels of employment in the
organization, and so on. Such information is increasingly quantitative and it is
apparent that managers need a working knowledge of the procedures and
techniques appropriate for analyzing and evaluating such information. Such analysis
and certainly the business evaluation cannot be delegated to the specialist
statistician or mathematician, who, adept though they might be at sophisticated
numerical analysis will frequently have little overall understanding of the business
relevance of such analysis. Because of the increasing complexity of the business
environment in which organizations have to function, the information needs of a
manager become more complex and demanding also. The time available to a
manager to asses, analyze and react to a problem or opportunity is much reduced.
Managers and their supporting information systems need to take fast and hopefully
appropriate decisions.