Paradoxically Overquantification in Management Education is Responsible
Jagdish B Acharya, Consultant, India
Management education in general tries to appear "more" scientific and relies on facts and figures rather than opinions. In the process there is a rush to quantify all aspects of management
with newer theories.
Statistics can and are quite often manipulated and result in earnings management and such flaws. Quantification is good, but it should supplement rather than replace values and opinions
The descriptive behaviours of business and its promises should become an integral part of most mandatory accounting statements in a structured manner. When one commits something in plain language, hiding behind figures and possible errors in figures is reduced.
Greater commitment brings improvement in morality and reduction in possible immoral acts of omission and commission.
So in my opinion, proper mixing of figures and commitments will improve things