Quantitative Article Analysis
Leading and Managing Organizations
Tim Williams
American Military University
November 15, 2015
Introduction
This paper analyzes quantitative methods in management and how it applies to leading and managing organizations. Annop Tanlamai is the author and a professor in an MBA program at Chulalongkorn University in Thailand. He analyzes problems that are common in Thai businesses, but it is also evident that these problems occur worldwide.
Methods
Tanlamai (2011) clearly states that business executives need to increase their quantitative analysis skills as the issue of the study. The better their skills, the better their decisions will be, and the overall performance of the business will improve (p 44). The hypotheses are stated clearly as the author divides quantitative analysis techniques into two major groups being the deterministic model and the probabilistic model. The first group hypothesizes that there is certainty in data and the second says there is uncertainty in the data with some degree of probability to be used for the analysis ( p 43). Questionnaire surveys were employed as the main technique for data collection, and the surveys were developed from the literature analysis. Questionnaires were addressed to top executives at 385 companies with 225 returned at a response rate of 58.4% ( p 45). The factor analysis technique was used in this study as the preferred method of analysis. This analysis was performed by using Principle Component Analysis and Varimax Rotation with Kaiser Normalization ( p 47). The analysis produced three models Tanlamai labels as Inventory Models, Maintenance and Repair Models, and the Transportation Model (p 48). These models led to a clear presentation of the results laid out in five different tables that would be easy to understand for anyone with a basic understanding of statistics. Tanlamai lists lack of knowledge in quantitative analysis among...