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

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in

business

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. In my perspective,

this

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

this

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notion have pointed out several rational grounds.

First,

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studying mathematics improves the necessary

skills

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

skills

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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

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analysis,

whereas

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those who lack these abilities just rely only on instinct.

Second,

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

business

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

For instance

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, 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

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often has a high chance of achieving

success

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in raising capital.

However

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

success

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in

business

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

skills

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considered to evaluate the potentiality of someone's

success

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

due to

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being short of experience

as well as

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leadership and communication

skills

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

data

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examination capabilities.

In particular

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

data

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analysis and calculation tools

such

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as Excel are invented to replace the role of humans.

Besides

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, 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

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, it is indisputable that Math has some applications in

business

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

business

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need to develop other soft

skills

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and may seek alternatives to quantitative

skills

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.