👉 Managers often employ mathematical concepts to make informed decisions, optimize processes, and forecast outcomes. For instance, they use probability and statistics to assess risks and make data-driven decisions, such as predicting customer behavior or evaluating project success rates. Linear algebra and calculus help in optimizing resource allocation and understanding complex systems, like supply chains or financial portfolios. Managers also use game theory to analyze strategic interactions and make decisions in competitive environments. By applying these mathematical tools, managers can enhance their decision-making processes, improve operational efficiency, and drive business growth.
