Task 2: To succeed in business, one needs to learn and know math. To what extent do you agree or disagree?

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Some people believe that mathematical knowledge is needed for individuals to flourish in the
business
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environment. While I believe knowing
math
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can support entrepreneurs significantly, I am more convinced that it is not necessary to learn
math
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to achieve
business
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goals. On the one hand, a great familiarity with mathematical concepts can give
business
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people a competitive advantage.
To begin
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with, managers who have strong knowledge of calculation can easily control their businesses’ financial figures.
Therefore
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,
this
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can help them to make realistic decisions related to sales growth, budget management and investment attraction strategies.
For example
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, on Shark Tank, a TV program allowing start-up founders to connect with potential investors, start-up companies that can show understanding of their businesses’ financial status, based on
math
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calculation, usually get chances to receive a massive amount of investment.
On the other hand
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, I am of the opinion that the success of businesses does not entirely rely on
math
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knowledge.
Firstly
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, thanks to technology development, various tools of computation and visualization are built, which are not only user-friendly but
also
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able to illustrate financial data and trends. These tools allow people without finance-related backgrounds to understand figures by visualization. In
this
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case, the decision-making process can depend more on
business
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understanding and market insights rather than focusing on calculation.
Besides
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, businesses can seek support from
third
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-party financial services, who are experts in related fields
such
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as tax and accounting, so that companies can concentrate on
business
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core activities including product development, marketing, boosting sales or operations to reach their targets. To summarize, I agree that a good grasp of
math
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can contribute to entrepreneurs’ success.
However
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, I am more convinced that businesses can
also
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attain their goals without deep
math
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understanding by asking for the support of technology tools and financial experts.
Submitted by tam-tam.ftu on

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