Free Photo Think back to ancient leaders who looked to the stars or the flight patterns of birds just to predict the future.

Future events are far from certain in the business world. This is especially true for smaller businesses, which tend to have more volatility than larger organizations, or newer businesses without a ...

Entrepreneurs and venture capitalists know there is no return without risk. But they can enhance their odds of success by tapping into the emerging field of probability management to better visualize ...

The primary goal of managerial accounting is to supply internal decision-makers with the information necessary to make good planning and cost-control decisions. While data, research studies and ...

I recently led a webinar on the laws of thermodynamics, which got me thinking: A business is very much a closed system, such as a universe. Therefore, if entropy is always increasing in a closed ...

Over the last few decades, Lean Six Sigma has become an integral part of the world of business. It is one of the most ...

Studies axioms, counting formulas, conditional probability, independence, random variables, continuous and discrete distribution, expectation, joint distributions, moment generating functions, law of ...

Hillel Furstenberg, 84, and Gregory Margulis, 74, both retired professors, share the mathematics equivalent of a Nobel Prize. By Kenneth Chang Two mathematicians who showed how an underappreciated ...