First Flashcards
-innovative idea, trendiest consumers
Fringe stage
Early adopters participate together with the innovators to increase the perceptibility of the trend
Trendy
Conservative consumers join the trend, popularity and acceptance continues to increase.
Mainstream
Ideas acceptance or rejection accursed over a short period of time.
Trend
Appropriate across diverse occasions
Classic
Reinvention
Trend
3 Elements that make up a Trend
Basic Needs
Drivers of Change
Innovation
Necessary to sustain life
Basic Needs
One of the most well-known and comprehensive publication series
Drivers of Change
Refer to changing process
Innovation
A trend setter,wide scope
Hashtags
Rooted on the people’s cultural traditions, beliefs and values.
Cultural basis
Critical Thinking
Problem -solving skills
Decision -making tools
Intuitive heuristic, unconscious, implicit,and fast
System 1
Ruke based, conscious, explicit, and slow
System 2
Breaks down a complex problem into parts
Strategic Analysis
5 Strategic Analysis Model (Arzadon, 2018)
Identify the problem
Analyze the problem
Generate a solution
Implement the solution
Reflect on the outcomes
SWOT Analysis
Strength
Weakness
Opportunities
Threats
PEST Analysis
Political
Economic
Social
Technological
CBA
Cost-Benefit Analysis
CEA
Cost-effectiveness Analysis
Quick and ready insight
Intuitive Thinking
Mental shortcuts, quick judgements
Heuristics
9 Major forms of heuristics
Satisfying Heuristic
Risk-Aversion Heuristic
Loss-Aversion Heuristic
Availability Heuristic
Affect Heuristic
Association Heuristic
Simulation Heuristic
Similarity Heuristic
Anchoring and Adjustment Heuristic
9 Major forms of heuristics
Satisfying Heuristic
Risk-Aversion Heuristic
Loss-Aversion Heuristic
Availability Heuristic
Affect Heuristic
Association Heuristic
Simulation Heuristic
Similarity Heuristic
Anchoring and Adjustment Heuristic
In the course of considering our alternatives
Satisficing Heuristic
On the basis of the belief that what is certain is preferable to or “sure thing”
Risk-Aversion Heuristic
Preferable to makes ng gains
Loss-Aversion Heuristic
Basis of a belief that a related a story or an experience that happened
Availability Heuristic
Basis of our immediate positive and negative emotion, affective response “gut feeling”
Affect Heuristic
Basis or what a word or an idea remind us
ASSOCIATION HEURISTIC
Basis of now we imagine various scenarios will happen
Simulation Heuristic
Basis of a belief that what happened to someone else with whome
Similarity heuristic
A number or value as a starting point, serving as our “achor”
Anchoring -and- Adjustment Heuristic
-Describe the changes is societies and the world economy.
-Economies different countries become the same over time.
-Motivated by the implementation of policies that have opened world economies locally and internationally.
Globalization
Refer to particular organization or population who work collectively.
Labor force
Involves the movement of economic resources
Economic Globalization
Products, culture has been commodified
Cultural Globalization
Aims to establish a world under a single government
Political Globalization
Types of Globalization
Economic
Cultural
Political
________-work opportunities
________-sense of belongingness
________-place condition
________-health related
________-movement of one territory to another
Economic
Social
Environment
Physical
Migration
Elements of Globalization
Privatization
Deregulation
Liberalization
Government, corporations to private sections
Privatization
Government controls the prices of products from private companies
Deregulation
Importantation is allow
Liberalization
