Matrices In Management Practice - E-book - ePub

Matrices may seem like abstract mathematical concepts, but they play an important role in many sectors and have particularly notable applications in business. By matrices I mean matrix charts, matrix data analysis and matrix calculations, which enable efficient management and visualization of multivariate data, which is a common requirement in business activities and management practice. From strategy planning, inventory management, financial analysis to market research, matrices have shown their value in data-driven decision-making.
As businesses increasingly rely on large databases and their complex analysis, the role of matrices will only increase. The main part of the book deals with the theory of matrix diagrams and matrices. In a separate chapter, I discuss in detail the new diagrams born by the further development of the original diagrams. Then I will give many, many practical examples. Theory and practice are illustrated by 55 figures and 7 tables.
I recommend this book to managers who want to analyze the many and complex data arising in connection with the operation of the company in order to make the best decision:  CEO, Director, Development Manager, Project Manager, QA Manager, Marketing Manager, Sales Manager, CFO, Controller, IT Manager, Facilities Manager, Production Manager, Purchasing Manager, Process Manager, etc.