Discussion on Quantitative Reasoning for Business Course Essay

Discussion on Quantitative think for Business Course Self Reflection Paper 10/15/08 Discussion on Quantitative Reasoning for Business Course For many years, the quantitative or mathematical burn d give birth to business problem solving was the cornerstone of MBA programs worldwide. The traditional approach has been a rational analysis information 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 than information, the better cool and calm strategic thinking should not be debased by feelings efficient thought and behavior must be called upon to mortify emotion (Sadler-Smith, 2004). The Quantitative Reasoning for Business course would provide me with the prerequisites necessary to master the rational analysis. In recent years, however, the usefulness of the quantitative analysis preparedness for future managers has been put into doubt.The requirement for fast d ecisions and the limits of human beings rational information-processing capacities may 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 describe but easy to recognize. Many of us will be intimately familiar with our own intuitions and will probably be able to identify, and may even envy or admire, those individuals who confidently display a gut feel for complex situations and who come to the fore to have an instinct for grasping key issues quickly.This quality can be nurtured through life experience. The optimal solution thus, might be a crew of two approaches depending on circumstances. The relationship between intuition and rationality can work in two ways. For example, proceeding from intuition to rational analysis represents a proof sequence in which gut feeling may be checked out by rational analysis by posing q uestions much(prenominal) 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 training will probably benefit me by preparing me for the future courses in economics, finance, accounting, operations, and research (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.