Quantitative Analysis & Methods

One aspect of knowledge-based decision making is a reliance on the broad field of management science, components of the scientific method, which in turn includes various quantitative methods, operations research techniques, statistical tools, experimental design, modeling & simulation, and a logical and objective approach to problem-solving.

Certainly, analytics have become prevalent in many fields, including (most recently) sports. And, while analytics and analysis are valuable and in many cases essential, it is important to remember that this represents only one component of knowledge-based decision-making. Strong leaders and effective decision-makers rely on many sources of information, including advice from others, their own education and experiences, logic, common-sense, ethics and morality, and judgment.

Nevertheless, objective, rigorous, valid, and reliable quantitative analysis can be valuable in complex endeavors and decisions.