By Ray Li, a Taiwanese student from Taichung on the Associate Degree Program at the Hubbard College of Administration (HCA), Los Angeles, CA. Many executives manage their departments or divisions or organizations without the aid of statistics, which is a number or amount compared to an earlier number or amount, so they eventually fail. For example, in my country, many storeowners manage by wrong indicators, so their businesses are getting worse and worse. In the “Management by Statistics” course, I learned how to determine a correct statistic and how to use it to successfully manage. Managing by statistics is a two-fold process. One, I learned how to create and read statistics. Creating a statistic helps one manage what the business is producing. Reading a statistic gives one the data to determine the right condition or operating state of the activity. Two, once one knows the correct condition, then one can apply the right formula to improve the condition and thereby make the business more successful. Correct conditions and correct formulas are the basis of successful management, including intelligent use of manpower and materials. Hubbard College of Administration is a self-paced business school that offers an exceptional business administration curriculum, unique learning technology, life-changing apprenticeships and internships, assistance with job placement and a lifetime warranty for students. I am currently on the “Formulas for Business Success and Management by Statistics” apprenticeship.