Trends in 21st Century - Long Quiz

Robert Holton, 2008

Global networks are a major feature of the contemporary processes of globalization "which are highly evident in the every day lives of people and organizations" and operate beyond a country's borders.

Loss-Aversion Heuristics

Giving more weight to this advantages

Manuel Castells

Global network is a key element within social change, in the operation of power, and in the relationship between social structure and human agency.

Trends

These are conceptualized ideas that has the prospect of providing or continuing influence for a long period of time.

Affect heuristics

"gut feeling" or "gut reaction"

CBA (cost-benefit analysis)

(also BCA) It is a systematic method or process of calculating the strengths (benefits/advantages) and weaknesses (costs/disadvantages) of each of the alternative solutions to a given problems in monetary values.

12 types of global networks

1. Advocacy Network 2. Business, Trading, and Commercial Networks 3. Friendship Networkd 4. Imperial Networks 5. Information Networks 6. Knowledge/Intellectual Networks 7. Migrants Networks 8. Policy Networks 9. Professional Networks 10. Religious Networks 11. Terrorists Networks 12. Women's Networks

3 Forms of Good Thinking

1. Creative or Innovative Thinking 2. Meditative Thinking 3. Instinctive Thinking

Differences between FAD and Trend

1. Duration of Time 2. Number of Industries Affected 3. Industry Acceptance 4. Consumer Adoption and Perception of Overall Quality 5. Reason for Rise 6. Incubation Period and Life Span 7. Scope 8. Cultural Roots

Elements and Characteristics of a Trend

1. Duration of time 2. Acceptability 3. Cultural Basis 4. Transitory Increase or Decrease

Two basic kinds of thinking process or system

1. System 1 (Intuitive Thinking) 2. System 2 (Strategic Analysis)

2 Major Types of Global Networks

1. Technical Global Network 2. Interpersonal Global Networks

FAD

A short-lived idea or temporary event that is usually called as a "flash in the pan" because the popularity fades away easily over a short period of time.

Cultural Basis

A trend continues and persists because people have seen it as a part of the society's culture.

Transitory Increase or Decrease

A trend shows a transitory increase or decrease of a particular idea, event or phenomenon.

Fringe

An innovative idea whether in the form of a new product, service, or other forms.

Association Heuristics

Associate with the word or idea

Systematic

Being coherent and organized in one's reasoning.

Truth-seeking

Being concerned with becoming and remaining well-informed.

Open-minded

Being considerate of divergent views of being flexible in considering views and opinions.

Satisficing Heuristics

Considering our alternatives

STEEPLE/STEEPLED

Ethical and demographic

Roger, Cohen, Vertovec (2001)

Global networks are a trademark of world evolution in the early 21st century and is made up of dynamic and flexible types of connection between, individual, groups, or organization, that criss-cross the world.

Analytical

Having the dispositions to understand complex concepts by means of simple concepts.

Confident in reasoning

Having trust in the process of reasoned inquiry and self-confidence in one's own ability to reason.

Judicious

Having, showing, or done with good judgement or sense.

Simulation Heuristics

Imagine various scenarios will happen

Trendy

In this stage. consumer and public awareness of the trend grows as the early adopters participate together with innovators to increase the perceptibility of the trend.

Critical Thinking Skills

Interpretation, Analysis, Inference, Evaluation, Explanation, Self-regulation

PEST (political, economics, social, and technological) analysis

It examines the effects of relevant external factors, or the macro-environmental factors, on what is being decided on.

CEA (cost-effectiveness analysis)

It generally proceeds in the same way as CBA in the sense that it is likewise a systematic method for weighing the strengths and weaknesses of all alternatives in a given problem.

Global Networks

It includes network enterprises, electronic network technology, network states, network of political activists, and terror networks.

System 1/Intuitive Thinking

It is characterized as the form of thinking that is intuitive, heuristic, unconscious, and fast.

Quality-adjusted life years (QALY)

It is generally referring to the improvement in the quality of life given the number of years in one is expected to live, which is used to measure the outcomes of policies in the area of healthcare.

SEU Analysis (subjective-expected utility analysis)

It is the kind of analysis examines in decision theory, the discipline that provides a rational framework for choosing between alternative courses of action when the consequences resulting from the choice are imperfectly known.

Critical Thinking

It is the methodological analysis of reasoning.

System 2/Strategic Analysis

It is thinking as analytic, rule-based, conscious, explicit, and slow.

SWOT (strengths, weakness, oppurtunities, threats) Analysis

It was conceived originally to aid decision makers in the areas of business and industry. It is also sometimes called Internal-External Analysis.

Availability Heuristics

Just something that will most likely to happen

SLEPT

Legal

PESTEL/PESTLE

Legal and environmental

SPELIT

Legal and intercultural

Variants of PEST analysis

SLEPT, PESTEL/PESTLE, STEEPLE/STEEPLED, SPELIT

Risk-Aversion Heuristics

Settle for a sure advantage or gain

Mainstream

The conservative consumers joined the trend. The idea's popularity continues to increase.

Inquisitive

To ask intelligent and relevant questions to acquire a deeper understandung of things.

Evaluation

To assess the credibility of the statements and the logical strength of the inferential relationships among them

Explanation

To clearly and coherently present the result of one's reasoning.

Interpretation

To comprehend and express meanings.

Inference

To identify and gather information necessary in drawing conclusions and forming conjectures and hypothesis.

Analysis

To identify inferential relationship among statements or beliefs.

Self-regulation

To self-consciously monitor, assess, and correct one's own reasoning.

Acceptability

Trends are popularly accepted by many industries and people. Trends tend to stay longer because they receive from consumers and companies.

Duration of Time (E)

Trends have longer staying power and enjoy long period popularity. The life span of products or ideas that become trend do not disappear quickly as opposed from a fad because fad have shorter period of acceptance from people.

Critical Thinking Attitudes

Truth-seeking, Inquisitive, Open-minded, Analytical, Systematic, Judicious, Confident in reasoning

Anchoring-and-Adjustment Heuristics

Using value or number as a starting point, serving as our "anchor"

Similarity Heuristics

What happened to suspense else will happen to you