To Succeed In A Business, One Needs To Know Maths

IELTS Writing Task 2 with sample answer.

You should spend about 40 minutes on this task.

Write at least 250 words.

Some believe that we should invent a new language for international communication

Do the advantages of this outweigh the disadvantages?

Sample Answer:

It is common opinion that to be successful in business, a thorough understanding of mathematics is essential. This essay will argue that while mathematics is certainly beneficial to a business career, there is more to success than a mathematical capacity alone.

When starting a business, a basic understanding of mathematics is vital for budgeting and planning. A business needs to be able to accurately calculate its costs and income, understand the implications of taxes, and make projections for the future. For example, a business must be able to identify the potential profits of an investment and decide whether or not it is a worthwhile undertaking. Without a knowledge of maths, it is impossible to make such decisions.

Furthermore, mathematics is useful for data analysis. Businesses use data to inform decisions and chart progress. This can be anything from sales figures of a product to customer feedback. By understanding the basics of mathematics, a business can interpret data and use it to their advantage. This could be to identify areas of improvement or to identify where more resources should be allocated.

However, while mathematics is important, it is not the only factor in business success. An understanding of the business environment is equally important. Knowing the market, and the competition, is essential to making the right decisions. For example, if a business is entering a new market, it must understand the customers and their needs. It is also important to have a good understanding of the legal framework. All these considerations are just as important as the ability to calculate and analyse data.

In conclusion, mathematics is an important part of a business career. It is used for budgeting, planning, and data analysis. However, it is not the only factor for success in business. An understanding of the business environment and legal framework is also essential.