This document discusses trends and how to identify them. It defines trends as patterns of behavior that last a long period of time. Trends are influenced by factors like politics, economics, social interactions, and culture. Megatrends have a large scope and are transformative, while macrotrends are still global but less influential. Trends evolve from other trends and dying trends. To identify a trend, one looks for intuitive predictable outcomes as well as doing trend analysis to examine the cause, stages, and chronology. Fads are shorter lived than trends and have less popularity and influence.
This document discusses trends and how to identify them. It defines trends as patterns of behavior that last a long period of time. Trends are influenced by factors like politics, economics, social interactions, and culture. Megatrends have a large scope and are transformative, while macrotrends are still global but less influential. Trends evolve from other trends and dying trends. To identify a trend, one looks for intuitive predictable outcomes as well as doing trend analysis to examine the cause, stages, and chronology. Fads are shorter lived than trends and have less popularity and influence.
This document discusses trends and how to identify them. It defines trends as patterns of behavior that last a long period of time. Trends are influenced by factors like politics, economics, social interactions, and culture. Megatrends have a large scope and are transformative, while macrotrends are still global but less influential. Trends evolve from other trends and dying trends. To identify a trend, one looks for intuitive predictable outcomes as well as doing trend analysis to examine the cause, stages, and chronology. Fads are shorter lived than trends and have less popularity and influence.
2nd QTR MIDTERMS, WEEK 2, OCT 18-22 Acceptability
MODULE 1 TRENDS Cultural Basis
Transitory increase or decrease TRENDS Lifestyle Elements of Trends (Urgel, 2017) Aspects of human life Number of participants o Politics Pattern of behavior Political Ideology Long period of time Policy Cause Political Stance Consequence Political Events o Economics Megatrend Online markets Large scope and duration Generation of new jobs Transformative & classic Economic sanctions on nations Macrotrend Product preference Still global but not as influential Over-reliance to Specific and local Chinese production Easily turns into a fad o Social Social interaction CAUSES AND PARTS activism Trends evolve from fads and trends Social ideologies Megatrends are formed from Cultural integration combinations of trends and dying IS A PATTERN trends’ features Scarcity/absence Trends cause new trends Providing (interdependence)
PATTERN IDENTIFYING A TREND
Has an appeal of newness Intuitive; predictable outcomes Frequency Not intuitive; Trend analysis scrutiny Popularity o Cause; chronology Long period of time o Stages (Lawrence Samuel) Changes may be small Fringe (Fading) Unpopular stage Oil prices may change but not Innovation/creation to the point it becomes too Trendy (Classic) affordable and too expensive Prospection (looking for those who can FADS adapt) Lasts shorter than patterns Gaining followers Not so popular; small appeal Mainstream Shorter staying power (Fragmentation) Fixed duration of influence Conservatives Peak popularity Characteristics of Trends (Dela Cruz, 2017) Social network Duration of Time coverage Death by microtrend or fad o Evidence-based prediction