Management by the numbers

From CEOpedia | Management online
Management by the numbers
See also


Management by the numbers is broad concept involving using gathering of statistics data, applying mathematical and numerical methods as a main and (sometimes) only technique used by management. This concept is closely related with operations management and both uses same methods and techniques in:

The concept of management by the numbers completely ignores aspects of social relations prevailing in the organization, the relationship between employees and management, communication, motivation, etc.

References

  • Cesarone, J. (2007). Project management by the numbers: How earned value analysis can keep you on track. Industrial Engineer, 39(11), 36-42.
  • Chase, J. (2012). Operations management. Tata McGraw-Hill.
  • Hummel, R. P. (2006). The Triumph of Numbers Knowledges and the Mismeasure of Management. Administration & Society, 38(1), 58-78.
  • Krajewski, Lee J., Larry P. Ritzman, and Manoj K. Malhotra. Operations management. Vol. 8. Prentice Hall, 2001.