Write your question here (What are the rellevant of scientific research in business management)
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Answer:
hope this will help
Explanation:
Management science is concerned with a number of different areas of study: One is developing and applying models and concepts that may prove useful in helping to illuminate management issues and solve managerial problems. The models used can often be represented mathematically, but sometimes computer-based, visual or verbal representations are used as well or instead. Another area is designing and developing new and better models of organizational excellence.
Management science research can be done on three levels:
The fundamental level lies in three mathematical disciplines: probability, optimization, and dynamical systems theory.
The modeling level is about building models, analyzing them mathematically, gathering and analyzing data, implementing models on computers, solving them, experimenting with them—all this is part of management science research on the modeling level. This level is mainly instrumental, and driven mainly by statistics and econometrics.
The application level, just as in any other engineering and economics disciplines, strives to make a practical impact and be a driver for change in the real world.
The management scientist's mandate is to use rational, systematic, science-based techniques to inform and improve decisions of all kinds. The techniques of management science are not restricted to business applications but may be applied to military, medical, public administration, charitable groups, political groups or community groups.