Lloyd Blankfein, chairman and CEO of Goldman Sacks, was asked \"What would you l

Question

Lloyd Blankfein, chairman and CEO of Goldman Sacks, was asked "What would you like business schools to teach more of, or less of? He responded: Look, I think it's very important to teach people to have a healthy respect for facts and information. And you know, to paraphrase Keynes. "to change minds when the facts change." That's why I think certain careers - and maybe not intuitive careers - do very well. There's a lot of lawyers floating around Wall Street. There's a lot of engineers. A lot of people who deal with facts and have an appreciation of facts. A quantitative thing is very helpful. I was a social studies major, but you need to be numerate. If you have those good quantitative skills, it's very, very helpful. For this weeks discussion, based on Blankfein's comments and your own opinions, respond to and expand upon the following questions: Why are quantitative skills so highly valued in various business disciplines? How important do you think quantitative skills will be to your career? In what ways? What are your strongest areas in terms of quantitative skills? Weakest areas? What are your strongest areas in terms of spreadsheet software? Weakest areas? What are five goals you have for improving your quantitative skills?

Explanation / Answer

The quantitative analysis plays an important role in decision making. Managers make decisions on the basis of financial state of the unit or organiation. The financial state is based on data and facts. Analysis of data and facts helps us to eliminate the very bad decisions. Every decision withtout the support of data is liable for scrutiny.

Quantitative skills is important to my career since in the future decision making may be automated and bad skills will lead to feeding of wrong data and analysis in decision making platforms which in turn leading to bad decisions. If I want to become a good leader and manager, i need to know quantiative analysis so that my decisions accuracy based on current scenario is high.

My strongest area in quantitative analysis is

The five goals I have to improve my skills are

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