Trends Long quiz Flashcards by John Cedrick Magpantay

when
the price is making a series of
higher highs and higher lows.

Up Trend

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when the
price is making a series of lower
highs and lower lows.

DownTrend

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when the
price is making neither a series of higher
or lower highs nor a series of higher or
lower lows.

sideways trend

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SHort-lived

Fads

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Much longer than fad

Trends

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Continue to be fashionable for years and even decades

Trends

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last for a total of one season, but they can also last
less than a month.

Fads

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hard to ignore and almost impossible to miss.

Classics

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undeniable air of timelessness that surrounds _____pieces.

Classics

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Kinds of Trends

uptrend
downtrend
sideways

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Who created the process of identifying a trend

Wade hansen

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We‟re all human. Trends – and behavior more broadly – are ultimately rooted in our basic, fundamental, rarely-if-ever-changing human needs, wants and desires. Some examples: creativity, self-improvement, safety, status.

Basic Needs

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just listen to popular music, or watch any trashy movie. The same themes crop up again and again, precisely because they are so universally relevant and timeless. Identifying underlying human needs is central to spotting and/or understanding consumer trends.

Basic Needs

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On the other hand, there are no trends without change. Savvy and switched-on business professionals constantly ask „what‟s changing?‟ and look at how it might be possible to service people‟s basic human needs and wants in novel, exciting – better – ways.

Drivers of change

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Triggers are more immediate changes that drive the emergence of a trend. These can include specific technologies, political events, economic shocks, environmental incidents, and more.

Drivers of change

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__________ aren‟t trends. But without examples of customer-facing innovations tapping into it, a trend can‟t be said to exist fully.

Innovations

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What are the elements of trend (3)

Basic needs
drivers of change
innovations

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These are clusters of „signals‟ which consists of „tangible‟ developments, such as new products and services

Microtrend

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another name of microtrend

Market Trends

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_______ are not tangible. They are changing (latent) needs of the consumer, like insights, norms and values.

Macrotrend

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anothername for macrotrend

Consumer Trends

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These are major societal trends. Where Micro- and Macrotrends are relatively small and manageable, Megatrends are large and complex shifts

Megatrends

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What is tangible

something that can be touched or seen

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What are the characteristics of a trend?

Microtrends
Macrotrends
Megatrends

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refers to the process of researching an organization and it's working environment to formulate a strategy.

Strategic analysis

In this analysis, you assess and analyze your strengths and weaknesses, and establish a strategy that will help you improve the image of your company.

Internal (Strategic Analysis)

The strengths only make sense when they are giving your client complete satisfaction with your service. Along with the strengths, the strategist should also be aware of the weaknesses and liabilities of the company at that moment. The company can grow at an exponential rate if you have a sound strategy planned.

Internal (Strategic Analysis)

* Once the organization has completed its internal analysis, they can move on to the external review. Many external factors can act as a roadblock to the organization's growth.

External (Strategic Analysis)

You need to measure customer satisfaction towards your and your competitors' products so that you can get an overview of how the market functions..

External (Strategic Analysis)

Strength and Weakness

Internal

Opportunities and Threats

External

TWO TYPES OF STRATEGIC ANALYSIS

Internal and External

is a simple but widely used tool that helps in understanding the strengths, weaknesses, opportunities and threats involved in a project or business activity.

A SWOT analysis

a measurement tool which is used to assess markets for a particular product or a business at a given time frame.

PEST Analysis

These include government regulations such as employment laws, environmental regulations and tax policy. Other _____ factors are trade restrictions and political stability.

POLITICAL

These affect the cost of capital and purchasing power of an organisation. ________ factors include economic growth, interest rates, inflation and currency exchange rates.

Economic

These impact on the consumer‟s need and the potential market size for an organisation‟s goods and services. ______ factors include population growth, age demographics and attitudes towards health.

Social

These influence barriers to entry, make or buy decisions and investment in innovation, such as automation, investment incentives and the rate of _______ change.

technological

_____________ is basically the kind of thinking that helps you understand reality in the moment, without logic or analysis.

Intuitive thinking

This has to do with your ability to immediately pick up on other people’s personality traits or emotional Trends, You can see who they are, or how they are, without them having to say anything.

EMOTIONAL INTUITIVE

This is about finding an immediate answer to a problem, without analyzing it. It’s very common in people with jobs that require quick decisions, like firefighters or bomb technicians.

MENTAL INTUITIVE

This means having the ability to choose the best path to overcome a personal difficulty, without putting much mental effort into it. It also means being able to pick up on social and work-related dynamics

PSYCHIC INTUITIVE

This has to do with states of “enlightenment” or “revelations”. They‟re more of an experience than a fact. Buddhists talk about this kind of intuition more than anyone else, which has given it a mystical quality.

SPIRITUAL INTUITIVE

FOUR KINDS OF INTUITIVE THINKING

Emotional Intuitive Mental Intuitive Psychic Intuitive Spiritual Intuitive

is a product consisting of a specific set of skills such as soft, hard, technical, and transferable.

employability

is considered as both a product (a set of skills that "enables") and as a process (that "empowers" an individual to acquire and improve marketable skills that can lead to gainful employment).

employability

is the life-long, continuous process of acquiring experience, new knowledge— purposeful learning—and skills that contribute to improving one's marketability for enhancing their potential to obtain and maintain employment through various shifts in the labor market.

Employability

is vital to any nation's labor force and society's well- being.

Employability

Low-skill, manual labor/task

Blue Collar workers

— who usually have a more accomplished educational background and utilize skills for performing tasks in professional jobs, often in an office setting

white-collar workers

What is the PEST in Pest analysis

Political Economic Social Technological

employers and workers or employees.

primary Actors

the educational system and its representatives (schools, colleges — both technical/community and four year — and universities), as well as their constituents and the legislation that will have an impact on employers, workers, and educational institutions.

Secondary Actors

- often referred to as hard skills,

1. Technical

- also referred to as soft or transferable,

Non-Technical

- are high-order skills that enable someone to select, adapt, adjust and apply other skills to different situations,

Transferable

- limitations on their applications to specific types of jobs, industries or sectors of the economy, thus limiting the number of jobs on which they can be applied.

Non-transferable

- A set of skills engaged in everyday activities which are associated with intelligence and enable individuals to be successful learners.

Metacognitive

This refers to an individual's ability to work harmoniously and productively with people from other cultures as the labor force becomes increasingly diverse.

Cultural competence of the workforce -

The 6 Skills of Employability:

Technical Non-Technical Transferable Non-transferable Metacognitive Cultural competence of the workforce

The views on the role of education on employability differ, resulting in a reduction of the cause and effect between education and obtaining gainful employment, thus transferring the burden of capitalizing on the process and maximizing its benefits on each individual involved in the process.

The Education Effect

can be both a transferable and non-transferable skill, depending on the type of job, field, etc., and it can cover a wide array of activities,

Work experience

measured by their family income is related to their employability both soon after graduation as well as two years later,

Socioeconomic Status

is a term developed and used in the Netherlands, which combines both job flexibility and job security.

'Flexicurity'

comes in four forms: numerical, working time, functional and wage.

Job Flexibility

also comes in four forms: the ability to stay in the same job, staying employed not necessarily in the same job, income security and combining or balancing work and family life.

Job security

refer to the interconnections and interrelations among the various elements in the natural environment enveloping and affecting Earth as well as beyond Earth’s surface.

Planetary networks

is a phenomenon which refers to the rising of global average temperature on Earth’s surface due to the thinning of the ozone layer in Earth’s atmosphere.

Global warming

refers to the major changes in the climate that last for longperiods of time.

Climate change

The Gradual increase of Earth's surface temp

Global Warming

Long term change in global weather patterns

Climate Change

refers to how people generate and manufacture the products they need to use, sell, or consume.

Production

refers to the use of economic or consumer goods and resources.

Consumption

has the ability to regenerate, sustain and adjust what is lost, but with the excessive use of land resources, ecosystem will be destroyed.

Ecosystem

making land impermeable — is also a significant impact of housing and associated infrastructure like residential roads and parking. Sealed land looses its soil functions and cannot be used for other functions like agriculture, is detrimental to biodiversity and can increase the risk of flooding.

Land sealing

not only saves you money but helps you cut carbon emissions too.

Save Energy

When buying fruits and vegetables, try to buy organic. Organic foods are healthier because they contain fewer harmful substances, but growing them also protects the environment and the climate.

Improve your diet.

Clean water that is pumped to most homes has been treated which uses lots of energy.

Saving water at home.

It can really help stop climate change because re-using materials usually uses less energy.

Recycling.

. If leftovers, peels, cores and cuttings were composted, they would reduce emissions and help protect healthy soil.

Compost food scraps

What are the Simple things you can do to help fight climate change

Save energy. Improve your diet. Saving water at home. Recycling. Compost food scraps.

Actors of Employability

Primary Actors Secondary Actors