Running head: QUANTITATIVE REASONING IN BUSINESS
Quantitative Reasoning in Business
Susan M. Allen
University of Phoenix - MBA Program
Management
521
Alex Luna
February 12, 2009
Quantitative Reasoning in Business
Fundamentally business exists to make money. This very simple statement includes many considerations when actually implementing a money making enterprise. Breaking down this statement begins with, “what is business”? The next question is, “what is making money”? Suddenly the simple statement is not so simple. Defining these terms becomes paramount to the success of a business endeavor. Whether I am involved in sales, marketing, general management, operations, customer service, product development or strategic planning, the only reason any of these functions exists is in support of a profitable business. (Well stated and oh so accurate!)
With over 25 years of sales, marketing and management experience it would be assumed that I know how to make and measure the money earned in a business. On the surface, and in general, I can honestly say I am a business person who knows how to sell, market and make money. But the question remains for myself, (me) my employer and my career, can I explain and prove these activities? Can I replicate these activities with all certainty from one business to another?
I am not an accountant. Most good leaders, visionaries, and strategic thinkers avoid coming close to the type of formulas, mathematical computations, means, medians and averages needed to prove a business proposition. However, the very proving of the proposition is what is needed in today’s business world. The combinations of strategic, practical and mathematical strengths make a very strong and marketable executive. (Absolutely) ...