First Flashcards

(45 cards)

1
Q

-innovative idea, trendiest consumers

A

Fringe stage

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2
Q

Early adopters participate together with the innovators to increase the perceptibility of the trend

A

Trendy

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3
Q

Conservative consumers join the trend, popularity and acceptance continues to increase.

A

Mainstream

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4
Q

Ideas acceptance or rejection accursed over a short period of time.

A

Trend

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5
Q

Appropriate across diverse occasions

A

Classic

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6
Q

Reinvention

A

Trend

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7
Q

3 Elements that make up a Trend

A

Basic Needs
Drivers of Change
Innovation

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8
Q

Necessary to sustain life

A

Basic Needs

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9
Q

One of the most well-known and comprehensive publication series

A

Drivers of Change

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10
Q

Refer to changing process

A

Innovation

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11
Q

A trend setter,wide scope

A

Hashtags

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12
Q

Rooted on the people’s cultural traditions, beliefs and values.

A

Cultural basis

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13
Q

Critical Thinking

A

Problem -solving skills
Decision -making tools

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14
Q

Intuitive heuristic, unconscious, implicit,and fast

A

System 1

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15
Q

Ruke based, conscious, explicit, and slow

A

System 2

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16
Q

Breaks down a complex problem into parts

A

Strategic Analysis

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17
Q

5 Strategic Analysis Model (Arzadon, 2018)

A

Identify the problem
Analyze the problem
Generate a solution
Implement the solution
Reflect on the outcomes

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18
Q

SWOT Analysis

A

Strength
Weakness
Opportunities
Threats

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19
Q

PEST Analysis

A

Political
Economic
Social
Technological

20
Q

CBA

A

Cost-Benefit Analysis

21
Q

CEA

A

Cost-effectiveness Analysis

22
Q

Quick and ready insight

A

Intuitive Thinking

23
Q

Mental shortcuts, quick judgements

24
Q

9 Major forms of heuristics

A

Satisfying Heuristic
Risk-Aversion Heuristic
Loss-Aversion Heuristic
Availability Heuristic
Affect Heuristic
Association Heuristic
Simulation Heuristic
Similarity Heuristic
Anchoring and Adjustment Heuristic

25
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
26
In the course of considering our alternatives
Satisficing Heuristic
27
On the basis of the belief that what is certain is preferable to or "sure thing"
Risk-Aversion Heuristic
28
Preferable to makes ng gains
Loss-Aversion Heuristic
29
Basis of a belief that a related a story or an experience that happened
Availability Heuristic
30
Basis of our immediate positive and negative emotion, affective response "gut feeling"
Affect Heuristic
31
Basis or what a word or an idea remind us
ASSOCIATION HEURISTIC
32
Basis of now we imagine various scenarios will happen
Simulation Heuristic
33
Basis of a belief that what happened to someone else with whome
Similarity heuristic
34
A number or value as a starting point, serving as our "achor"
Anchoring -and- Adjustment Heuristic
35
-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
36
Refer to particular organization or population who work collectively.
Labor force
37
Involves the movement of economic resources
Economic Globalization
38
Products, culture has been commodified
Cultural Globalization
39
Aims to establish a world under a single government
Political Globalization
40
Types of Globalization
Economic Cultural Political
41
________-work opportunities ________-sense of belongingness ________-place condition ________-health related ________-movement of one territory to another
Economic Social Environment Physical Migration
42
Elements of Globalization
Privatization Deregulation Liberalization
43
Government, corporations to private sections
Privatization
44
Government controls the prices of products from private companies
Deregulation
45
Importantation is allow
Liberalization