Prior to beginning work on this discussion, read Chapter 1 in your textbook, the Spencer (2013) and MacKenzie (2000) articles, and view the videos.
The numerous issues that arise in large organizations regarding decision making can be difficult to properly grasp. There are those leaders who base their conclusions solely on empirical data, preferring to engage in a more quantitative decision-making process. Conversely, there are supervisors who approach decision making from a more holistic perspective, engaging in more qualitative thought processes. It is a reality, especially in budgeting and issues affecting criminal justice agencies, that quantitative decision making takes precedent. However, better conclusions are often drawn when qualitative aspects of a problem or issue are also considered.
Based on information from the required sources, compare and contrast the differences between quantitative and qualitative decision making in public finance. Based on the required videos, provide at least two quantitative and qualitative observations.
In addition to noting the differences between quantitative and qualitative observations, respond to the following elements:
- Explain which basic method of decision making you feel provides the most accurate information for budget management; quantitative or qualitative.
- Analyze both qualitative and quantitative-based budgetary decision making and describe your preference between the two provided you were in a position of power. Provide a rationale for your preference.
- Explain the potential benefits of quantitative observations.
- Explain the potential benefits of qualitative observations.
Your initial post should be at least 400 words in length.