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

It is believed that possessing mathematical knowledge is the key factor for

success

in

business

. In my perspective,

this

opinion is unconvincing to a certain extent. The following paragraphs would shed light on my viewpoint. Admittedly, advocates of

this

notion have pointed out several rational grounds.

First,

studying mathematics improves the necessary

skills

for entrepreneurs. To be specific, logical and critical thinking are valuable

skills

that can be acquired through extensive practice to solve complicated math problems. Businessmen who master both of these competencies are able to make accurate predictions and decisions based on

data

analysis,

whereas

those who lack these abilities just rely only on instinct.

Second,

mathematical theory is an important basis for many specialized aspects of the

business

. Managers who are numerate find it easier to control the figures in their company's finances via accounting practices and financial analysis.

For instance

, in the Shark Tank program, a TV show connecting start-up founders with investors, the project whose managers can clearly present the financial status of their firm using numerical

data

often has a high chance of achieving

success

in raising capital.

However

, the above arguments are insufficient to overshadow the shortcomings of the topic in question. The most pertinent point is that

success

in

business

depends on other elements than numeracy. To elaborate, there are several soft

skills

considered to evaluate the potentiality of someone's

success

. In actuality, despite the heavy Math instruction in the syllabus, numerous Vietnamese graduates still fail in running their own businesses

due to

being short of experience

as well as

leadership and communication

skills

. Another justification is that a variety of alternative means have appeared to substitute for manual calculation and

data

examination capabilities.

In particular

, thanks to the development of computer science these days, advanced

data

analysis and calculation tools

such

as Excel are invented to replace the role of humans.

Besides

, enterprises should outsource financial services provided by audit firms in order to optimize capacity for other core activities and strategies of the company.

To conclude

, it is indisputable that Math has some applications in

business

administration. Even so, I think that individuals who want to be successful in

business

need to develop other soft

skills

and may seek alternatives to quantitative

skills

.