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Opening a company and watching it succeed over the years is a dream of many business men. The ultimate goal of the business man is to have a leading edge over his competitors and to dominate the market. To achieve this goal the business owner must concentrate on many different issues. One might argue that if we want the business to dominate the market then we must improve the quality of the product. This way we will certainly achieve this goal. This is not true at all because the business is a very big and complicated system and the product is just one element of that system. Mathematics plays a significant rule in the success of a business over others. In order to be an internationally renowned business you must use the advances of mathematics in different fields. As I mentioned earlier that a business is a sophisticated system and not just a product. The first block of this system is the organization hierarchical structure. The second block is a department that manages the issues regarding employees. The third block is a department that manages the resources including the input raw material and the output stock. The fourth block is department that manages publicity and press relations. The fifth block is a department that manages sales. The last block is the technical department that manages the design and manufacturing of the product. The beauty of mathematics is that it has a saying in all these departments. The scientific approach in managing a business requires the use of the elegant mathematical analytical tools for decision making in all these departments. Mathematics can give you the answer for the best decision to make just by undergoing certain calculations. Now if we have a look at the first block, the hierarchical structure we find that the organization has to choose from different hierarchy types. The beauty of mathematics is that it gives us the properties of each hierarchy in an elegant mathematical model. Some hierarchies would need more employees than others. Some would require more time in paper work and thus waste valuable corporate time. By the use of mathematics the managers can find the best suitable hierarchy for the business. The employee department can greatly increase its value to the corporation by using mathematics in decision making. They can use several models from operations research and statistics to find best ways of improving workers productivity and well being. By using algebra and graphing they can find the best salary for a specific qualification the salary that will both satisfy the employee and make the spending of the company as small as possible. There is a trend between the salary of the employee and the company profits and algebra can find the best price for both sides. Mathematics is very important in decisions related to how much raw material should we have in stock and how much product items should be produced. A lot of companies collapsed because they did not handle this well. If they resorted to the scientific approach and used algebra and graphing they could have survived. Mathematics provides very powerful and reasonably accurate models that answer lots of complicated questions in marketing and sales. These models can produce reasonably accurate predictions and speculations. It is crucial that the marketing and sales departments follow these models. In order to produce a good product with high quality mathematics should be extensively used to make a break through in the technology that would significantly improve the product and make the company dominate the market. In addition, mathematics can improve the manufacturing style that would lead to the reduction of the number of faulty products and lower production price. The companies do not need to use very expensive mathematical software. There are many new innovative software calculators that can be used to take many of the required decisions. Check these calculators
Check this algebra calculator
Check this matrices calculator
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