The Quantitative Approach
The quantity approach is centered on data and mathematical techniques. These techniques give a quantitative basis for decision making, considering management as a system of mathematical models and processes. Different mathematical and quantitative techniques or tools like linear programming, simulating and queuing are being used in all areas of general management. IIM Raipur online MBA program offers extensive coverage of integrated business simulations.
The systems approach depicts that an organization functions with an interconnected group of systems that work together to bring out the best results. An organization works like a machine, following the three basic steps: Collecting Data – Which refer to Information or collected data that goes into the machine Process the collected data – Utilizing the collected data using relevant tools and techniques Output Received – The final product created using refined data.
The contingency viewpoint stresses over the processes wherein the management functions independently, which basically rely on a manager’s conceptual skill-set, his/her decision-making capabilities & interpersonal characteristics. This viewpoint calls for an identification of the internal and external variables that critically influence managerial revolution and organizational performance. It points out that management policies and practices must adjust to change in the environment to be effective. With IIM Raipus’s online MBA program, the aspiring managers will learn directly from their interaction with peers and faculty, which will augment many skills, appreciation of differing perspectives, effective communication, conflict management, negotiation and mobilizing individuals towards common goals-all essential ingredients of effective management practices.
Online MBA Programme with IIM Raipur
The two years online MBA program with IIM Raipur helps improve your leadership skills, helps you enhance your analytical skill-set, the overall aim of the program is to prepare participants for an advanced career in management by giving a solid foundation in various management topics that are essential for building capabilities to take on the new forms of competition. The curriculum of IIM Raipur online MBA will take you through the state of the art industry trends, helping you shape your career under the guidance of eminent faculty of IIM Raipur, having vast industry experience. For more information with regards to the program timeline and curriculum, please visit: https://nulearn.in/epgp-iimraipur