QUANTITATIVE METHODS FOR MANAGEMENT
Instructional goals
Quantitative data analysis is becoming increasingly important in the social sciences and in Strategic Management studies. The use of these methods (e.g. opinion polls, aggregate analysis of company data, evaluation of management strategies) is crucial nowadays not only in the field of academic research, but also in business and public institutions. The ability to properly understand and critically evaluate the results of quantitative analyzes is a key ingredient for social scientists as well as for professionals. The course introduces students to quantitative data analysis world with the aim of providing a solid conceptual and operational basis to learn how to read the data and apply statistical analysis models.
Intended learning outcomes
Knowledge and understanding
At the end of the course, the students will be able to critically analyze quantitative data and to apply the main data analysis techniques. The level of mathematical formalization (use of complex formulas and calculations) will be reduced. Students will instead be required to be able to evaluate the main methodological complexities inherent in data analysis and to use the most appropriate empirical tools to evaluate Strategic Management choices.
Applying knowledge and understanding
The course will provide students with the tools necessary to apply the quantitative analysis techniques discussed during the course using statistical software.
Making judgments
The course aims to provide students with the tools to effectively evaluate and use the main techniques of quantitative data analysis. Furthermore, the course aims to stimulate the ability to read and interpret possible strategies through the use of statistical analysis. To this end, the course combines introductory lectures with computer-based sessions, group work and expert testimony.
Communication skills
One of the main objectives of the course is to provide students with the necessary skills to be able to communicate the results obtained from quantitative data analysis in an appropriate and effective way.
Learning skills
The course will be conducted mainly in seminar / workshop form. The activities will therefore be characterized by a practical and dynamic approach, to favor the development of technical skills that can be used both in the world of business and in the academic career.
Course Contents
The course will provide the necessary skills to properly use the main statistical techniques of data analysis. Alongside the main descriptive techniques (measures of central tendency and dispersion), the course will introduce simple techniques of bivariate analysis (cross-tabulation and correlation), clarifying the concepts of control variable and spurious relationships. Students will subsequently be introduced to the concepts of inference and statistical significance. The course will then focus on regression analysis, which forms the foundation for the application of more sophisticated statistical techniques.
Finally, students will be introduced to the main data reduction techniques (i.e. cluster and factor analysis). The course will have a mainly practical orientation: students will be required not only to understand the main data analysis techniques, but to put them into practice through using main statistical software. The introductory sessions of the main data analysis techniques will be followed by sessions in which students will be asked to carry out quantitative analyzes.
Reference Books
Recommended: Alan Agresti, Barbara Finlay. Statistical methods for social sciences. Prentice Hall, 4th edition
Suggested: Darren George, Paul Mallery, IBM SPSS Statistics 27 Step by Step A Simple Guide and Reference
Teaching Methods
Lectures
Computer-based sessions
Workgroups
Assessment Method
For Attending Students
Assessment is divided into two components:
Continuous Assessment (1/3 of the final grade - 33.3%)
This component is mandatory for attending students and consists of graded deliverables distributed throughout the term. These may include practical applications of weekly topics and group projects.
Continuous assessment grades cannot be refused.
These grades are valid only for the exam sessions held at the end of the term in which the course is delivered.
Final Examination (2/3 of the final grade - 66.7%)
The final exam evaluates the knowledge and skills acquired during the course.
It is a computer-based written exam consisting of case studies and applied questions.
For Non-Attending or Non-Compliant Students
Students who are exempt from compulsory attendance or do not meet attendance requirements will be assessed through a single final examination (100%).
This comprehensive exam covers the entire course content and is designed to compensate for the missed continuous assessment activities.
Grading Criteria
All deliverables and examinations will be evaluated on a 30-point scale.
Thesis assignment criteria
The possible assignment of the final thesis will be based on an overall assessment of the student's performance throughout the course. In particular, the following criteria will be considered:
Motivation and active participation demonstrated during learning activities, including discussions, group work, and practical exercises;
Interest in the course content, expressed through personal contributions to activities and independent exploration of the topics covered;
Ability to develop a project consistent with the skills acquired during the course and relevant to the learning objectives of the course;
Any demonstrated transversal skills, such as analytical ability, independent judgment, effective communication, and critical thinking.
The assignment of the final thesis will be agreed upon with the instructor, who reserves the right to evaluate the consistency between the proposed topic and the student's academic profile.
Week 1
How to approach an EBL project by adopting an academic style. Analysis of EBL reports and structure: Introduction, literature review, hypotheses, research questions, research design, methods, managerial insights, and conclusions. Differences between an academic project and a consulting report.
Week 2
Qualitative vs. quantitative methods. Examples of quantitative and qualitative methods.
Reference Reading Material shared on the course website https://my.luiss.it/
Week 3
Introduction to SPSS. Variables and measures with data cleaning and preparation. How to start from a raw dataset. Variables and measures with data cleaning and preparation.
Reference Reading Material shared on the course website https://my.luiss.it/
Week 4
Sampling, descriptive, cross table analysis, control variables. Identify the best directions to setup the best firms' strategies. Applications, cases, and exercises.
Reference Reading Material shared on the course website https://my.luiss.it/
Week 5
Confidence intervals. The significant validity of setting successful strategies.
Reference Reading Material shared on the course website https://my.luiss.it/
Possible Continuous Assessment #1.
Week 6
Z-test and t-test. Comparing the firms' strategies and identifying the most impactful decisions. Applications, cases, and exercises.
Reference Reading Material shared on the course website https://my.luiss.it/
Week 7
Correlations, associations, and ANOVA. Understanding the links between the strategies and the eco-system. Applications, cases, and exercises.
Reference Reading Material shared on the course website https://my.luiss.it/
Week 8
Simple regression analysis. Predict the effect of your strategies and policies.
Reference Reading Material shared on the course website https://my.luiss.it/
Possible Continuous Assessment #2.
Week 9
Multiple regression analysis and introduction to complex regression models. Applications, cases, and exercises.
Reference Reading Material shared on the course website https://my.luiss.it/
Week 10
Cluster analysis and factor analysis. Define your strategies for ad-hoc situation, identifying clear directions, and understanding big phenomena.
Reference Reading Material shared on the course website https://my.luiss.it/
Possible Continuous Assessment #3.
Week 11
Advanced applications and integrated case studies. Applications, cases, and exercises.
Reference Reading Material shared on the course website https://my.luiss.it/
Week 12
Course closure. The future of quantitative methods.
Reference Reading Material shared on the course website https://my.luiss.it/