Brainstorming is a creativity technique designed to generate a large number of ideas for the solution to a problem. The method was first popularized in the late 1930s by Alex Faickney Osborn, an advertising executive, in a book called Applied Imagination. Osborn proposed that groups could double their creative output by using the method of brainstorming.
There are four basic rules in brainstorming. These are intended to reduce the social inhibitions that occur in groups and therefore stimulate the generation of new ideas. The expected result is a dynamic synergy that will dramatically increase the creativity of the group.
1. Combine and improve ideas
2. No criticism
3. Unusual ideas are welcome
4. Focus on quantityChat with our AI personalities
I think Brainstorming is helpful when solving a problem because you have a lot more ideas. That is what i put down in my pre-engineering class...
Quantitative Techniques are those statistical and operation research techniques which help in the decision making process especially concerning business and industry. These techniques involve the introduction of the elements of quantities i.e. they involve the use of numbers, symbols and other mathematical expressions. two major divisions in which we can divide these techniques are- 1) Statistical Techniques (or Statistical methods and measures) 2) Programming Techniques (or Operations Research)
Use of statistical techniques in capital market?"
Quantitative techniques provide managers with concrete evidence and information, which allows them to make better decisions. Without quantitative techniques, managers would guess and risk assets of the business.
The quantitative techniques are basic computations that are used in science. The two main categories are hypothesis tests and interval estimations.