ARCHIVES

Original Article

Entrepreneurial Skills and Quantitative Decision - Making: The Role of Business Mathematics in Emerging Enterprises of Assam

Ashim Kumar Sarmah1 Debajyoti Sarkar2 Sanjeeb Kumar Jena3
1 Research Scholar, Department of Mathematics, National Institute of Technology, Manipur, India. 2 Research Scholar, Department of Commerce, Rajiv Gandhi University, Arunachal Pradesh, India. 3 Professor, Department of Commerce, Rajiv Gandhi University, Arunachal Pradesh, India

Published Online: March-April 2026

Pages: 196-209

Abstract

Entrepreneurial skills play a crucial role in shaping effective quantitative decision-making, particularly in emerging enterprises operating within Assam. In a rapidly evolving business environment, the ability to combine managerial competencies with analytical and numerical reasoning has become essential for achieving sustainable growth and competitiveness. Skills such as innovation, risk-taking, problem-solving, and strategic thinking enable entrepreneurs to identify opportunities and respond to market challenges. However, the application of business mathematics strengthens these competencies by facilitating accurate financial planning, cost analysis, and resource allocation. The study is based on primary data collected from 150 entrepreneurs across manufacturing, trade, and service sectors; the analysis highlights a strong positive relationship between entrepreneurial skills and quantitative decision-making. Entrepreneurs with higher levels of mathematical understanding demonstrate greater efficiency in evaluating alternatives, forecasting outcomes, and minimizing financial risks. The integration of business mathematics into entrepreneurial practices enhances the precision and reliability of decisions, thereby improving overall business performance. The findings of the study underline the importance of developing quantitative competence alongside traditional entrepreneurial skills. In the context of Assam, where many enterprises are still in the growth phase, limited exposure to mathematical tools often restricts effective decision-making. Strengthening mathematical literacy and promoting analytical thinking can significantly contribute to enterprise sustainability and regional economic development. The paper emphasizes the need for incorporating business mathematics into entrepreneurship education and training programs, thereby enabling entrepreneurs to make informed, data-driven decisions and adapt to an increasingly competitive economic landscape.

Related Articles

2026

A Strategic Framework for Depth-Dependent Hydroelectric Conversion along the Indian Coastline

2026

Reimagining Development in India: A Critical Analysis of the Viksit Bharat Vision

2026

AI-Enabled Image Description: Bridging the Gap for the Visually Impaired

2026

Perceived Occupational Risks of Emergency Medical Services Personnel

2026

Origin, Growth and recent Development of Integrated Reporting (IR): A theoretical Review

2026

Smart Hostel Management System

Share Article

X
LinkedIn
Facebook
WhatsApp

Or copy link

https://ijrtmr.com/archives/10.59256/ijrtmr.20260602029

*Instagram doesn't support direct link sharing from web. Copy the link and share it in your Instagram story or post.