presumption

Vocabulary Word

Definition

'Presumption' is something you assume to be true. This can be based on past events, patterns, or incomplete evidence. It's like predicting that it will rain because it's cloudy.

Examples in Different Contexts

In business strategy, avoiding 'presumption' is crucial. A strategist might say, 'Avoiding presumption and validating business hypotheses through market research and data analysis is essential for making informed decisions and reducing business risks.'

Practice Scenarios

Business

Scenario:

We need to take into account potential market shifts and consumer trends. Should we revise our marketing strategy?

Response:

Yes, our business plan should consider potential changes, but the presumption about sustainable consumer preferences should remain as it is supported by our research.

Law

Scenario:

The evidence presented by the prosecution fails to conclusively prove guilt. Should we emphasize our client's lawful history?

Response:

Absolutely, it will only strengthen the presumption of innocence. Let's emphasize his law-abiding nature.