18 Questions
What is the main difference between trends and fads?
Trends have a lasting impact, fads are short-lived
What is the starting point of a local network?
Households/family
During crises like Typhoon Yolanda, what is the primary goal of local networks?
To contain the virus
What does markup cancellation refer to?
Decreasing the new selling price without going below the original price
What term refers to the body of experiences drawn from shared experiences within a community?
Funds of knowledge
What analogy is used to teach about the interconnectedness within networks?
Spider's web
Which category of megatrends includes changes in market behavior and capital outflows?
Changes in Economic Systems
Megatrends are distinguished from trends by which of the following?
Their time horizon, intensity of impact, and reach
Which category of megatrends includes advancements in research and development?
Advancements in Science and Technology
What is an example of a megatrend reflecting shifts in value systems or the emergence of new values?
Redefinition of family
Which category of megatrends includes shifts in population sizes, migration, and ethnic compositions?
Shifts in Human Densities and Movements
What factors transform the landscape and direct the course of megatrends?
Game changers
What is the primary focus of the SWOT analysis model?
Identifying strengths, weaknesses, opportunities, and threats
Which of the following is associated with strategic analysis?
Deliberate, effortful thinking to break down complex problems
What is one criticism of globalization mentioned in the text?
The widening of the wealth gap between rich and poor nations
What event is mentioned as intensifying global trade and marking the end of the Cold War?
The fall of the Berlin Wall
What does the term 'economies of scale' refer to in the context of globalization?
The practice of businesses seeking cheaper labor and resources internationally
What does sustainable development ideally encompass, according to the text?
Economic growth, social inclusion, and environmental protection
Study Notes
Megatrends
- Megatrends influence society and various activities by driving trends and shaping future conditions.
- They have a long-term influence on various aspects of life.
- Examples of megatrends include Shifts in Human Densities and Movements, Advancements in Science and Technology, Changes in Economic Systems, and Redefinition of family.
Local Networks
- A network is analogized to a spider web, emphasizing interconnectedness.
- The starting point of a local network is households/family.
- The smallest administrative unit in the Philippines is the Barangay.
- Local networks disseminate information to international communities during crises.
- The primary goal of local networks during crises is the containment of the virus.
Trends
- Trends are long-term phenomena that have a lasting impact.
- The main difference between trends and fads is that trends have a lasting impact, while fads are short-lived.
- Markup cancellation refers to a decrease in the new selling price that doesn't decrease it below the original selling price.
- Sudden increase or decrease is NOT an element that makes up a trend.
Strategic Analysis and Intuitive Thinking
- Strategic analysis involves deliberate, effortful thinking to break down complex problems.
- The primary focus of the SWOT analysis model is identifying strengths, weaknesses, opportunities, and threats.
- Intuitive thinking involves pattern matching and recognizing relationships.
- A limitation of intuitive thinking is the tendency to ignore new information.
- Both strategic analysis and intuitive thinking are used in decision-making.
Globalization
- Globalization primarily entails connection and interdependence among countries.
- The impact of globalization on everyday life in the Philippines includes the replacement of local products with imported goods.
- The fall of the Berlin Wall intensified global trade and marked the end of the Cold War.
- Economies of scale describe the practice of businesses seeking cheaper labor and resources internationally.
- One argument in favor of globalization is the reduction of wealth disparity between nations.
- A criticism of globalization is the widening of the wealth gap between rich and poor nations.
Test your knowledge on societal megatrends and local networks with this quiz. Explore the influence of megatrends on society and activities, as well as the concept of local networks analogized to spider webs.
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