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Fallacies in the Business World |
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Fallacies in the business world can be fatal when making a decision.Fallacies can impede the critical thinking process, causing the decisionmaker to focus on solutions that are not the most appropriate, or confusethe issue at hand. For these reasons, it is important to understand whatfallacies are out there and how they affect the critical thinking process.Only by being aware of them is a person able to circumvent their effects.The Fallacy of Equivocation Definition: The fallacy of equivocation occurs when someone uses a word'sdifferent meanings in an argument, implying that the word means the samething in each instance. These definitions are often correct within theimmediate context, however, the arguer performs a semantic shift, graduallychanging the context of the argument, and thus creating the fallacy("Equivocation, 2004). Equivocation occurs when the word or phrase isambiguous in that it as multiple distinct meanings ("Fallacy files", n.d.).The Far-Fetched Hypothesis Definition: The far-fetched hypothesis fallacy often offers a implausible theoryas the correct rationalization, rather than first ruling out a moreordinary one (Dowden, 2004). It is a fallacy |
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Theories must be critically analyzed, andconclusions cannot be drawn quickly without all information necessary tomake a decision. General Motors' management makes every effort thattheir communications are clear and concise. of inductive reasoning thatoccurs when a person accepts this unreasonable theory, when there isanother more reasonable theory, often based more on facts, available(Messina & Messina, 2004). Most notably, thediscontinuance of the General Motors' Oldsmobile line falls into thiscategory, on several different levels. As such, they discontinued the brand, jumping tothe conclusion that it could not be salvaged. And, regretfully, this fallacy has often been the reason why General Motorshas made some poor decisions. Now thegovernment has had to step in to investigate the matter, as it appears thatwhen a car backfires during ignition, these pieces fail and cause enginecompartment fires ("Manifold", 2003). The equivocation fallacy is possibly one of the least found fallaciesin General Motors. First, General Motors assumed thatlagging sales meant that the Oldsmobile line held little to no value, andtherefore should be dismantled. Without this, we mayas well simply flip a coin when it comes to making a decision. It is also sometimes known as leaping to aconclusion. Examples of These Common Fallacies at General Motors Car Assembly Plants: Even large companies can fall victim to fallacies. If you fall victim to far-fetchedhypotheses, unrealistic theories become accepted and the decision makingprocess is thrown off track. Is an employee's seniority based on tenure with theorganization as a whole' Or is it based on their tenure within a certaindepartment' These differences in definition can lead to unanticipatedequivocation. The Hasty Generalization Definition: The hasty generalization fallacy is also known as the fallacy ofinsufficient statistics. Some topics in this essay:
Motors Motors',
Application Decision,
Equivocation Definition,
Motors' Oldsmobile,
Introduction Fallacies,
Hypothesis Definition,
Assembly Plants,
Generalization Definition,
decision process,
Messina Messina,
step decision process,
step decision,
hasty generalization,
fallacy equivocation,
based tenure,
information decision,
far-fetched hypothesis,
thinking process,
critical thinking process,
fallacies motors,
oldsmobile line,
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Approximate Word count = 1119
Approximate Pages = 4 (250 words per page double spaced) |
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