n Management Today - Strategy and the level of innumeracy

Volume 22, Issue 5
  • ISSN : 1027-4324



Extracted from text ... 22 Management Today June 2006 One of the biggest shortfalls of strategy and strategists today is the level of innumeracy and the lack of mathematical ability. There appears to be little appreciation of the role and importance of numbers in developing strategy. There are so many occasions where you will hear business people talk about direction and success with little understanding of the importance of the numbers. One example was a company which had aspirations of growing three times in the next five years. It was a relatively small company with a turnover of ?3 million and wanted to ..

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