Applications of Quantitative Techniques in Large and Small Organizations in the United States: An Empirical Analysis

Abstract

Data was gathered from Fortune 500 companies (manufacturing and service organizations) and 500 small firms pertaining to the use of several quantitative techniques. Analysis was also done to see if differences existed within different classes of service companies. Also, respondents were asked for their opinion pertaining to specific barriers that may inhibit the use of these techniques. Results show little progress has been made in the applications of quantitative techniques in the last decade. The barriers cited by respondents are mostly related to management's lack of knowledge of quantitative techniques. Findings agree with previous studies conducted.