innovation hub presentation: mathematical thinking for business success

CONFIDENTIAL

02 February 2015This document is solely for the use of MathsGenius Leadership Institute personnel and Advisory Board. No part of it may be circulated, quoted, or reproduced for distribution without prior written approval from MathsGenius Leadership Institute..

Mathematical thinking for entrepreneurial success

Gaussian Mind Trading and Projects

T/A MathsGenius Leadership Institute

Phone: +2778 585 8937

Title: Chief Genius

Website: www.mathsgenius.co.za

Email: [email protected]

Presenter: Edzai Conilias Zvobwo

MathsGenius Leadership Institute

Twitter: @edzaizvobwo

MathsGenius Leadership Institute 2014 ©

Solve

Jane spent $42 for shoes. This was $14 less than twice what she spent for a blouse. How much was the

blouse?


What is a problem?

Objective + Obstacle = PROBLEM

Problems arise when an obstacle prevents us reaching an objective, e.g. when a breakdown in a company's manufacturing plant (the obstacle) prevents it fulfilling orders (the objective).

Objective = something we have decided we need to achieve.

Obstacle = anything that prevents us achieving an objective.

Why do we study maths in school?


• Structured and creative thinking• Problem solving frameworks• Manipulation of numbers• Mathematical modelling of phenomena• Persistence and Resilience• Pass tests and exams• Exploration and critical questioning• Confidence and faith• Social class• Wider choice of careers



How do mathematicians think?

1.Identify the correct problem to solve.2.Understand the problem (Analysis).3.Believe solution(s) exist.4.Devise a plan (Which formula/method?)5.Carry out the plan (Execution).6.Evaluate (on-going in all steps).

What is missing in the maths class?


• Identification of problems• Creativity and Critical questioning• Communication skills• Utility value of the subject• Project-based teamwork• Acceptance of failure as part of

learning curve• Faith and risk taking

Believe solution(s) exist


Flying machines are impossible. In 1895, Lord Kelvin, president of the Royal Society, said: "Heavier-than-air flying machines are impossible”. On Dec. 17th, 1903, the Wright brothers successfully made the first controlled heavier-than-air human flight.

There will be experts…


There is market for maybe 5 computers. Thomas J. Watson Sr. presided over the growth of IBM into an international force between the 1920’s to the 1950’s, largely on the basis of punched card tabulating machines. In 1943, however, he is alleged to have famously said: "I think there is a world market for maybe five computers."

How can Entrepreneurs think like mathematicians?


• Know your magic numbers• Learn from every experience• Explore, experiment & persevere• Ask questions• Learn to tell your story• Be in love with your purpose• Teamwork is important• Be open to problems

innovation hub presentation: mathematical thinking for business success

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