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Mathematical Models as Conceptual Tools in Strategic Management for Effective Decision-Making
Dr. B.G. Ramaraj Assistant professor Department of Management Bharathiar University Arts and Science College, Modakkurichi: Dr. T. Sivakumar Assistant professor Department of Mathematics Bharathiar University Arts and Science College, Modakkurichi.
Pages: 1-8 | First Published: 05 Jul 2018
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Abstract

Strategic management is concerned with decisions that shape the long-term direction and competitive position of organizations. These decisions are typically complex, uncertain, and multidimensional, requiring managers to balance competing objectives under conditions of limited information. Mathematical models have long been employed in management research and practice, often viewed primarily as technical instruments for optimization and prediction. This conceptual paper argues that such a view understates their broader strategic value. Drawing on decision theory, systems thinking, and strategic management literature, the paper positions mathematical models as conceptual tools that support strategic reasoning, problem structuring, and managerial judgment. Rather than emphasizing computational precision, the discussion highlights the role of models in clarifying assumptions, revealing trade-offs, and facilitating informed decision-making. The paper develops a conceptual framework linking mathematical modeling to strategic decision effectiveness and outlines propositions for future empirical research.

Keywords: Strategic Management, Mathematical Models, Decision-Making, Conceptual Framework, Strategy Analysis.

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