A paradox, aka antinomy, is a logically self-contradictory statement or a statement that runs contrary to one's expectation. It is a statement that, despite apparently valid reasoning from true premises, leads to a seemingly self-contradictory or a logically unacceptable conclusion. This article talks about few such paradoxes and its logical interpretations.
The Uniqueness Paradox
Do you want to be unique? And stand out from the crowd?or was being one of a kind was your new year resolution this year?
Coco Chanel wisely said :
“In order to be irreplaceable one must always be different.”
But the question here is if everyone is unique, shouldn’t they all be similar.
It is confusing ? isn't it?
Well this is what we call the Uniqueness paradox It states that, when everything is unique nothing is unique.”
Now let us understand this paradox by the following example
In corporate culture uniqueness is a very important word in the strategic development and its observation is true and simple but on the other hand to complicate things the market forces imply that in order to make things understandable for the consumers it should be common, simple and familiar and this phenomenon of dilemma is the paradox here.
However it has damaging effects within corporations as it can hinder product development research and forms of marketing as the uniqueness of the product is inversely proportional to its purchase intent and by definition, new in corporate culture is different and scary due to the volatile nature of the market.
So is there a solution to this paradox in the corporate culture?
Yes, there is, A good rule of thumb to follow in general in the product testing domain is to award “extra points” to highly unique concepts followed by the understandable concepts
Does this paradox hold any value in real life ?
Well yes as being unique is the new trend one lesson that all organisations, individuals and students can learn from this paradox is that if you are well researched about something and still find yourself in a dilemma because it’s unfamiliar and scary then instead of pulling back you should press forward your point and be one of a kind
The Credit Paradox
The Secrets of Good Credit that Defy Logic
A CREDIT PARADOX: HISTORY
Credit is critical but getting credit without a history is a hard task. It derives from the method by which people obtain credit. While credit in the past was matter of appreciating their trustworthiness,
Now-a-days big banks and lenders use a formal process to determine and examine if borrowers will pay their loans back and closely examine an individual's history of using credit as an indicator. This becomes a situation in which many individuals feel trapped as an individual cannot participate in a credit-driven society if no one is ready to give you credit, and this introduces us to the potentially more disturbing, paradox of credit.
A CREDIT PARADOX: UTILIZATION
Saving vs spending. These are logical financial choices made in order to prevent future problems and in the case of credit what seems good for the wallet is not necessarily a good credit. In fact, keeping debt and maintaining it in multiple places, is essential for a good financial profile. utilization here is the key driver behind this credit paradox as the idea is to determine how much of the total available credit an individual is currently using.
CREDIT CONCLUSIONS AND SOLUTIONS
The bottom-line here is to have controlled debt in multiple accounts with monitored spending and
Understanding the fact that in order to get credit an individual must have some credit. This might seem strange to comprehend. But understanding these fundamental paradoxes of credit go a long way.