Quantitative methods in a developing country: Managers' perceptions and desires

The role of quantitative methods in business decision making has been a subject of much discussion in the literature. Most of this discussion has emanated from developed countries. In this paper, the current practice in a developing country is examined, as well as the desires and perceptions of management. It is evident that the current practice lags that of the developed countries. Moreover, while the practice in companies with international association is not markedly different from local companies, the management of these companies desire a situation closer to that found in the developed countries. It is suggested that adequately trained personnel are not currently available and that a career orientated masters programme in quantitative methods is necessary in developing countries.