All Posts in "Economics Business Mathematics"

“It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is the most adaptable to change.” – Charles Darwin

I remember a certain case study from back in business school. The narrative revolved around one of the most successful slide rule companies Pickett Eckel, Inc and how they were blindsided by a technological change. At their peak, they were one of the best producers of slide rules, an ancient technology for making calculation that you may have heard of.

Anyone who job involved mathematics or engineering used a slide rule to improve accuracy and to increase the speed of calculations. In the 1960’s, slide rules were the gold standard in computing and they were even used in the Apollo missions to the moon alongside computers with less power than yesterday’s cell phones. At that time, companies in the slide rule industry had already perfected the manufacturing and technology, and they were merely fighting it out for brand preference and market share.

Adapt or Die - Why Your Business Won't Survive
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Perhaps they were too comfortable or naive, but it appears that they failed to realize what they offered was not the best slide rules- they offered the best calculators. Though it is extremely complicated to change direction with so much time investment in one direction, it’s necessary for survival. You see customers have always wanted the best and most affordable technology to aid in their everyday lives. For computing into the early 1970’s, slide rules were … READ MORE ...

Sofia Benjamin by — July 16, 2019 in Economics Business Mathematics

1. Saying no

I’ve recently understood the power of a simple ‘no’, and drawing boundaries. Relationships formulated on trust and mutual understanding are the ones that take you forward. It is important to remind yourself of why you’re doing a certain job, or why you’d take on a certain client assignment. It needs to add value and not drain you out. There are times where you may choose to say no. Relationships that are trustworthy and strong will not get tarnished by this. Talking to another entrepreneur today, she said simply, “I can’t work with people that I don’t like”.

While this person has been in business for a while, and not every Startup founder can say that (especially when it’s a B2C business), it made me think. We spend a lot of energy trying to convince people of our ideas at times. Sometimes, it is indeed better to stay within the niches where people love our work and collaborate in a way that helps us stay more creative. Although this might sound like HR metric manipulation, it’s important to stay true to ourselves and say ‘no’ where we feel our ideas will get compromised in ways that we don’t like. After all, I thought, even when I am a founder and taking the big risk, why do I need the experiences of the usual 9-5 job where I can’t control it? I am a “yay-sayer”, but every now and then, saying ‘no’ is a good step to keep up … READ MORE ...

Frank Weeks by — September 1, 2018 in Economics Business Mathematics

One of the biggest headaches of any HR department is payroll. It is the place where companies are the most likely to have compliance violations from taxation issues to pay cycles and overtime. Being savvy in this area is vital to business success.

Here are some of the areas of payroll compliance and what they mean.

Pay Cycles

There are several intervals for pay cycles, and each company uses a different one based on their needs and desires. The less frequently you have to process payroll, the easier it is. However, monthly payroll is extremely unpopular with employees and less than 11% of American companies opt for this option.

Payroll Compliance and What It Means for Your BusinessThe majority of companies choose a bi-weekly pay cycle option. This is the easiest to figure, although in some months employees get three paydays instead of two. Bi-monthly pay cycles such as on the 1st and 14th are also popular, but it is a little harder to stay in compliance with overtime rules, and sometimes holidays and weekends will mess with the cycle. The best policy in this case is to pay employees on the day before the weekend or holiday, but sometimes this can make it challenging for employees to schedule bill pay and automatic payments.

Whichever pay cycle you choose, the key is to stick with it and meet your payroll deadlines on time. This way, you keep your employees happy, and avoid penalties from the IRS.

Federal and State Taxes

This is the most common area … READ MORE ...

Anna Westmoreland by — June 27, 2018 in Economics Business Mathematics

Prof. The means-tested maintenance grant (presently worth up to ?2,906) also aids students with living expenditures during their time at university. He is at present an Assistant Professor at the Division of Economics of E.M.E.A. College of Arts and Science.

This new program is jointly offered by the Faculty of Mathematics and the Division of Economics in the Faculty of Arts. Students with a sturdy interest in economics and financial theory will discover this plan pretty rewarding. Students also say it really is a terrific way to meet new people today and a guaranteed study hour”.

We express our regular provides and, where applicable, programme requirements, in terms of A levels and the IB, but we take into consideration applications from students with a variety of qualifications including BTECs, Foundation Courses and Access to HE Diplomas as properly as a wide variety of international qualifications.

Successful applicants for this programme are usually predicted to achieve or have currently accomplished a minimum of A A A in their A levels, 1 of which need to be Mathematics (or 38 and above International Baccalaureate Diploma Programme (IB) points, with 7 6 six in Larger level subjects, with 7 in Mathematics).

As a manager you will be a problem solver, planner and leader, challenged with meeting your organisation’s objectives by deploying important sources such as time, people today and income effectively and efficiently. Mathematics in Organization and Economics seeks to solve financial challenges by signifies of procedures and concepts supplied in the sphere … READ MORE ...

Sofia Benjamin by — January 14, 2018 in Economics Business Mathematics

Necessary Mathematics for Economics and Business is established as 1 of the leading introductory textbooks for non maths specialists taking economics and business enterprise degrees. This course provides a solid grounding in mathematics together with an understanding of economics enough to prepare graduates for careers in regions such as actuarial function, organization forecasting and financial model constructing. The system of Economics and Management in English most attracted me due to the large quantity of foreign students each semester which is normally escalating.

The programme has offered me a sound education in actuarial and economic research, as effectively as in mathematics, statistic and facts technologies. For me, this has allowed me to focus on statistics, but I have also had the chance to study demography, economics and finance – all disciplines relevant to my field.

This course is made for Small business and Financial students. The Program is jointly organized by the National and Kapodistrian University of Athens (Department of Mathematics and Department of Economics) and the Athens University of Economics and Small business (Department of Informatics).

Mathematics was usually critical in analyzing markets, production systems and business enterprise operation in common. Courses taken as portion of the degree can lead to exemptions from subjects of the core technical stage of the examinations of the Institute of Actuaries.

As a manager you will be a challenge solver, planner and leader, challenged with meeting your organisation’s objectives by deploying essential sources such as time, men and women and revenue efficiently and proficiently. … READ MORE ...

Sofia Benjamin by — October 16, 2017 in Economics Business Mathematics