Business Logic
5
“Logic”
MS. JULIETA S. ECHEGOYEN
NO. 5
Business Logic
“Logic”
• Identify the business model and its
component.
• Apply it to everyday life.
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Business Logic
Logical Thinking in the Workplace
Everyone in the business world struggles to make the best
decisions. Logic is a tool we can use to help us
make better business decisions.
The word "logic" comes from the Greek word
meaning "reason."
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Business Logic
Logic is the process of using rational reasoning in
order to make a valid argument. We use logic to
make a point, make a decision, or convince others
to agree with us.
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Business Logic
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Business Logic
What is Logical Thinking?
Logical thinking is analyzing a situation or problem using reason
and coming up with potential solutions. Logical thinkers gather all
the information they can, assess the facts, and then methodically
decide the best way to move forward.
Logical thinking is an essential tool in the workplace to help
analyze problems, brainstorm ideas, and find answers. Employers
want employees who can come up with the right solutions that are
financially reasonable, probable, and actionable.
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Business Logic
II. Logical Thinking
Examples
Logical thinking is an umbrella term for different ways to
reach a factual, reasonable conclusion.
Examples of types of logical thinking include:
• Inference
• Inductive reasoning
• Deductive reasoning
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Inference - Inferencing happens when we assume something new
based on facts we already know.
Inductive Reasoning - Inductive reasoning is a type of reasoning
that moves from specific to general. You start with a specific
observation and pattern recognition, then come to a general
conclusion.
Not all conclusions are correct in this type of logical thinking
because specific circumstances don’t always apply to a general
rule. However, you’ll end with a general conclusion that you can
then further research.
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Business Logic
Deductive Reasoning - Contrary to deductive reasoning, this type
of logical thinking moves from the general to the specific. You start
with a general premise and then apply it to a specific premise.
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Business Logic
“ I know three things will never be
believed - the true, the probable, and
the logical.”
-John Steinbeck