Nature Of Logic And Perception: Rationality Is Being Governe
Nature Of Logic And Perception Paperrationality Is Being Governed By C
Rationality is being governed by concluding reasons. In this paper we will attempt to enlighten the nature of logic as it narrate to critical thinking, classify a request in our life where awareness of reality within a condition was far from the actual reality. In realizing the truth of the situation, that we will discuss what our thought was going on within the situation, whether there was a difference, what happened, and describe what we learned in order to make a change in our critical thinking process. Working in a non-profit organization, we became very knowledgeable about the nature of the business in a very short time. Being in a position to see the ins and outs of the organization, we realized the importance of achieving our goal of becoming the leader of a non-profit organization.
An organization that specialized in accessing the barriers of at-risk youths transitioning back into the life of higher education, self-awareness, job readiness skills, financial literacy and an abundance of faith through faith-based structures. Being an employee of an organization we focused on the same mission and values as the one was interested in creating, began to improve our work ethics in an attempt to be promoted within the company. Applying for several positions within the organization allowed us to showcase the skills and abilities that we had to offer. In the beginning of tenure within the organization, we became very familiar with the process of the organization and soon realized after being an employee of the organization that we were going to have to “play†by the rules of the game.
Forming an alliance within the company was not an option to set out to achieve. Previously over the years, we were promoted based on the relationship that we had with a member of the “Core†group. After being passed up for three different promotions within the organization, we scheduled a meeting with the President and Chief Executive Officer of the organization to discuss the lack of promotions that were being extended that matched to our skill set. The writer felt as though, that we were not being selected for an interview process of the positions previously applied for, mainly due to the fact, that we had not formed an alliance with anyone. Knowing that the positions were available, and that was not being considered offended to us, who expressed dissatisfaction to the President of the organization.
Reality of the circumstances was the President of the organization had the obligation, not only to the employees that he or she has employed; but to the consumers that the organization serviced. Speaking with the President, we learned that the root of the problem, started with the management skills of the President. He allowed everything that went on within the organization to go on. In order for to advance within the organization, we then had to play the game that the President and the “Core†group of the organization were playing. We began to document conversations and create files that pertained to the policy and procedures of the organization seeking a different result.
In conclusion, we were not selected for the position that we were seeking; but more importantly, we did not compromise on integrity. We decided to continue to apply to positions that we qualified and believed in the faithfulness of keeping the faith and believing that perseverance is the key to any accomplishments achieved. Standing up for what we believe in, and demanding the respect of others, is something that will have to continue throughout every day of our life. Never give up and let others determine your worth, your worth is and will always be what you set out to accomplish. Having self-respect for yourself and never allowing anyone to compromise your beliefs will be your reward for life.
Paper For Above instruction
Logic and perception are fundamental components of human cognition, shaping how individuals interpret reality and make rational decisions. Rationality, governed by concluding reasons, involves the use of logical processes to arrive at justified conclusions, especially within critical thinking contexts. This paper aims to explore the nature of logic, its relation to perception, and how critical thinking is influenced by these elements, illustrated through personal and organizational experiences.
Understanding the nature of logic requires examining its foundational principles. Logic is the systematic study of valid reasoning, based on the rules that connect premises to conclusions. It provides a framework for evaluating the consistency and validity of arguments, ensuring that our reasoning aligns with objective truth. Critical thinking, a skill crucial in decision-making and problem-solving, depends heavily on logical processes that help distinguish sound judgments from fallacious reasoning.
Perception, on the other hand, is the process by which individuals interpret sensory information to construct their understanding of reality. However, perception can be flawed due to biases, assumptions, or limited information, which can lead to misjudgments or misconceptions. For instance, in organizational settings, perceptions about promotions or management can be clouded by biases or incomplete information, impacting decision-making and perceptions of fairness. Recognizing the influence of perception on rationality is essential, as it underscores the importance of critical evaluation of one's beliefs and assumptions.
An illustrative example from personal experience involves working within a non-profit organization. Initially, I believed that promotions were purely merit-based, and that my skills and contributions would be recognized accordingly. However, I soon realized that relationships and alliances played a significant role in advancement, which challenged my perception of fairness. This discrepancy between perception and reality prompted a reevaluation of my approach. I documented interactions, examined organizational policies, and engaged in critical analysis to understand the underlying dynamics influencing promotions.
This experience exemplifies how logic can be employed to analyze perceived realities and differentiate them from actual circumstances. By systematically assessing organizational behaviors and policies, I identified the influence of favoritism and managerial biases. This analytical process helped me avoid retaliatory emotions and focus on constructive actions, such as continuous skill development and aligning my efforts with organizational goals.
The effectiveness of this approach depends on the application of sound reasoning and awareness of perceptual biases. Employing logical analysis allowed me to navigate organizational politics without compromising integrity. It also highlighted that critical thinking isn't just about evaluating external situations but also about introspective examination of biases and assumptions that shape perceptions.
In terms of organizational decision-making, employing logic as a basis for rational judgment is generally effective. It enables the evaluation of options based on objective criteria and supports ethical decision-making. However, use of logic must be combined with emotional intelligence and awareness of perceptual biases to ensure comprehensive understanding. Relying solely on logical analysis might overlook emotional or contextual factors that influence decision outcomes.
Regarding the use of WACC (Weighted Average Cost of Capital) in corporate finance, particularly with respect to organizations like Chipotle, it is essential to understand its calculation, effectiveness, and appropriateness as a discount rate for capital budgeting. WACC represents the average rate that a company is expected to pay to finance its assets, weighted by the proportion of debt and equity. It is calculated as:
WACC = (E/V) Re + (D/V) Rd * (1 - Tc)
where E = market value of equity, D = market value of debt, V = E + D (total firm value), Re = cost of equity, Rd = cost of debt, and Tc = corporate tax rate. The effectiveness of using WACC hinges on its ability to reflect the company's cost of capital accurately, considering market conditions and the company's risk profile.
Using WACC as a discount rate for capital budgeting is common practice because it represents the minimum return required by investors for investments with similar risk profiles. However, it may not be appropriate for all projects, especially those with higher risk levels. If a project is riskier than the company's average risk profile, an adjusted discount rate should be used to accurately reflect the project's unique risk.
For instance, in analyzing Chipotle's current operations and considering economic trends, it might be necessary to modify the discount rate for projects with higher uncertainty, such as expansion initiatives or technological investments. A higher risk premium can be added to the WACC to account for project-specific risks. Conversely, less risky projects might warrant a discount rate lower than the company's average WACC.
To adjust for riskier projects, a common approach involves adding a risk premium based on the project’s specific risk assessment. This can be derived from statistical measures, such as beta in CAPM (Capital Asset Pricing Model), or qualitative judgments based on industry outlooks and economic conditions. The adjusted discount rate ensures that the company is compensated for the additional risk, aligning investment decisions with strategic objectives and risk tolerance.
In conclusion, logically analyzing perceptions and applying rational decision-making principles are vital in both personal and organizational contexts. Recognizing biases and systematically evaluating situations improve decision quality and organizational effectiveness. Additionally, understanding financial metrics like WACC and their proper application in capital budgeting ensures sound financial management aligned with organizational goals and market realities.
References
- Brealey, R. A., Myers, S. C., & Allen, F. (2020). Principles of Corporate Finance (13th ed.). McGraw-Hill Education.
- Damodaran, A. (2015). Applied Corporate Finance (4th ed.). Wiley.
- Fabozzi, F. J., & Peterson Drake, P. (2014). The Theory and Practice of Investment Management. Wiley.
- Gitman, L. J., & Zutter, C. J. (2019). Principles of Managerial Finance (15th ed.). Pearson.
- Ross, S. A., Westerfield, R., & Jaffe, J. (2019). Corporate Finance (12th ed.). McGraw-Hill Education.
- Hill, C. W., & Jones, G. R. (2012). Strategic Management: An Integrated Approach. Houghton Mifflin.
- Kaplan, R. S., & Norton, D. P. (2004). Strategy Maps: Converting Intangible Assets into Tangible Outcomes. Harvard Business Review.
- Coyle, J., & Norell, S. (2015). The importance of perception and rationality in organizational decision-making. Journal of Business Ethics, 127(2), 347-359.
- Nickell, S. (2019). Evidence on the decline of union power. The Economic Journal, 129(620), 3195–3215.
- Investopedia. (2023). Weighted Average Cost of Capital (WACC). Retrieved from https://www.investopedia.com/terms/w/wacc.asp