Quantitative skills are seen as indispensable for aspiring managers and entrepreneurs. Numbers make their presence felt in a range of managerial tasks across all functions of an enterprise.
The focus of the Quantitative Methods syllabus is to:
• Develop quantitative thinking and skills
• Develop skills in gathering and computing numbers
• Cultivate the ability to present, interpret and communicate quantitative results for managerial decision making
• Build a robust quantitative foundation for other business units
Quantitative skills built at this level will help you to apply a number of concepts in other core areas of business management: marketing, accounting, finance, and human resource management. Many decisions in these areas require quantitative skills, for example calculating the sales volume for recovering costs, determining the price of a new product, estimating demand for the product, measuring the overall performance of the business etc.