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ERIC Number: EJ805277
Record Type: Journal
Publication Date: 2008
Pages: 6
Abstractor: As Provided
Reference Count: 25
ISSN: ISSN-0883-2323
Quantitative Literacy for Undergraduate Business Students in the 21st Century
McClure, Richard; Sircar, Sumit
Journal of Education for Business, v83 n6 p369-374 Jul-Aug 2008
The current business environment is awash in vast amounts of data that ongoing transactions continually generate. Leading-edge corporations are using business analytics to achieve competitive advantage. However, educators are not adequately preparing business school students in quantitative methods to meet this challenge. For more than half a century, business schools have relied mostly on a course in calculus and a course in statistics to meet the needs of their students despite an information-based business climate that has changed significantly. The authors propose that educators prepare students in the areas of mathematical modeling and risk management and quantitative skills, teaching them in the context of meaningful business problems. (Contains 1 table.)
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Publication Type: Journal Articles; Opinion Papers
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A