Thursday, August 9, 2012

Contribution and limitations of management science theory


# Contributions
1.       Management science theory has opened new frontiers (ways) for managers.
2.       It provides manager, plenty of decision making tools and techniques.
3.       Enhanced managerial understanding of overall managerial process.

# Limitations
1.       It ignores the people relationship and non quantifiable factors.
2.       It is useful in solving physical problems of organization where measurement if difficult, it has no application.
3.       It cannot account individual behavior and attitude.
4.       It ignores other managerial skills rather than management science technique.
5.       It is useful but it cannot solve all problems.
6.       The quantitative models are not suitable for non routine or unpredictable management decision.

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