Discussion on Quantitative Reasoning for Business Course Essay

Discussion on decimal Reasoning for Business personal credit line Self Reflection Paper 10/15/08 Discussion on Quantitative Reasoning for Business Course For many years, the quantitative or mathematical approach to business paradox solving was the cornerstone of MBA programs worldwide. The traditional approach has been a rational epitome entropy is collected, collated, analyzed and interpreted, alternatives are formulated, and a logical choice is consciously arrived at (Bagchi, 2005).In practice this means the more information, the better aplomb and calm strategic thinking should not be debased by feelings efficient thought and behavior must be called upon to subjugate sense (Sadler-Smith, 2004). The Quantitative Reasoning for Business course would provide me with the prerequisites necessary to maitre d the rational compend. In recent years, however, the usefulness of the quantitative analysis train for hereafter managers has been put into doubt.The requirement for fast de cisions and the limits of human beings rational information-processing capacities whitethorn combine to impose severe demands upon executives cognitive capabilities to handle masses of information at the necessary speed (Sadler-Smith, 2004). That is when intuition comes into play. Intuition is difficult to observe but easy to recognize. Many of us will be closely familiar with our own intuitions and will probably be able to identify, and may even envy or admire, those individuals who confidently display a catgut feel for complex situations and who appear to have an instinct for grasping hear issues quickly.This quality can be nurtured through life experience. The optimal root thus, might be a combination of dickens approaches depending on circumstances. The kinship between intuition and rationality can work in two ways. For example, proceeding from intuition to rational analysis represents a validation time in which gut feeling may be checked go forth by rational analysis b y posing questions such as Do the data support my hunch? Proceeding from rational analysis to intuition represents an incubation sequence in which intuition provides an expertise-based or feelings-based validation for judgments arrived at through rational analysis (Sadler-Smith, 2004). In summary, quantitative prep will probably benefit me by preparing me for the future courses in economics, finance, accounting, operations, and look for (Quantitative Reasoning for Business Overview, nd). More importantly though, it will prepare me for the future real world work, even when its direct usefulness is not as extensive as often believed its proponents.