Lesson 1 (Fads vs Trends) Flashcards
Something, such as an interest or fashion, that is very popular for a short time
Fads
Something that covers almost all of human activities such as but not limited to politics, beliefs, economics, lifestyle, social life, and the like, whether the individuals or groups of people are aware of it or not
Trends
Pattern of behavior demonstrated by a big number of people within a particular period
Trends
An intense but short-lived fashion
Fads
The new things that fade when the perception of novelty is gone (Trend or Fad? and under what category?)
Fads (Notions of change)
Intense
Fads (Behavior)
Sustained behavior that turns into a lifestyle, a mindset, and/or a value
Trends (Behavior)
The way people do things
Trends (notions of change)
- Coolness
- “Me-too” personality
- Starts with technology
Fads (effects)
- appears suddenly
- enormously popular
- suddenly disappears
- unexplainable growth
Fads (Time and nature of growth)
- meets needs
- solves problems and issues
Trends (effects)
- can go over with many companies
- encompasses entire areas of technologies
Trends (Scope and limitations)
- appears suddenly
- enormously popular
- does not disappear
- gets stronger over time
- sticks around
Trends (Time and nature of growth)
- Stays within one company
- single brand/limited brands
Fads (Scope and limitations)
Someone or something that starts or causes a trend.
Trendsetter
A person who starts a trend
Trendsetter
The study of trends and the way they develop and affect society
Trendspotting
Based on trendspotting but it extends this into developing future scenarios
Trend Analysis
What are the 5 elements of a trend?
- Number of participants
- Pattern of behavior
- long period of time
- cause
- consequence
What are the 4 characteristics of a trend?
Microtrends
Macrotrends
Megatrends
Gigatrends
(Characteristics of a trend) Happen right now and are outright observable
Microtrends
(Characteristics of a trend) Provide major changes that are perceptible in the societal level for a longer period
Macrotrends
(Characteristics of a trend) Can last for decades and are “so pervasive as to be generally known”
Megatrends
(Characteristics of a trend) Trends that are so general that they affect most areas of human life
Gigatrends