MIND TRAP: Following Fads and Fashion
Article Overview: Steve Major discusses the first out of a series of five mind traps that can kill smart decisions - following fads and fashions. He examines the issue of following fashions, business and personal. Sometimes we mindlessly copy what others are doing - we adopt without analysis.
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Free Download - MIND TRAP: Ignoring the Evidence By Steve Major
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MIND TRAP: Following Fads and Fashion
There are five mind traps that I feel we fall into in making decisions:
1. Following Fads and Fashion
2. When we don't question assumptions
3. Perspective
4. Heuristic Thinking
5. Ignoring the Evidence.
Now this doesn't matter whether it's the decision to launch a new product, to change an existing product or service, or whether it's some other decision that we are faced with in our business. Maybe it is a decision personal or career decision. There are traps that we can fall into that can kill smart decisions.
In this article I will examine the issue of following fashions. No matter whether it is business or personal we can fall into the trap of following fads and fashions. Sometimes we mindlessly copy what others are doing - we adopt without analysis.
I am sure that in a non-business context we've all bought an item of clothing because it's in fashion. We haven't necessarily thought through whether it's the best thing for us. The same applies to business. You see this with the likes of various management programs. They are mindlessly copied and imitated throughout businesses, but people haven't taken the step to do the analysis. You could say that it's inappropriate imitation. There are times when it is right to imitate, but there are times we need to analyse before we adopt.
Sometimes we don't even realise that is a fad either. However if we have heard an idea from other business colleague and then we think "yes that is a good idea" and implement it. We may have fallen into the trap of adopting without the analysis.
The following of fads and fashions can kill smart decisions. We need to be careful of this mind trap no matter what decision we are faced with. Make certain the fashion is for you.
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Article Tags:
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fads,
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mind trap,
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Referred by: http://www.dglong.com
Related Forum Posts
Re: Fashion
- Nana,
At you choice you may choose to research the fashion industry a bit more. There is obviously a Business side to it as well as a creative side to it. Find out all the types of roles that exist in the industry. Some that come to mind merchandiser, Window dresser, floor plan organizer (someone needs to determine the layout of a retail store to best sell the goods), fashion consultant (Yorkdale mall has fashion consultants that take you around and tell you what looks great on you - you also get a cut from the sales). This is what I've observed from the business side, you may know more.
All these roles I've written about will help you grow as a business person and make the contacts in the industry...possible stepping stones.
But further more you'll also notice that you need to develop some business acumen possibly tailored to the fashion industry.
When I was at Ryerson I knew I wanted to be an entrepreneur someday too. I knew I needed some basic business courses to get a foundation to build from.
I was in a Tech/Business Major (I'm sure Fashion has something similar - Fashion/Business Major) and then started to create my own minor.
Here are some of the courses I took: Marketing, Law, Entrepreneurial, Management, consulting.. and a few more .
Also, I'm sure that within the Fashion Major there are also courses you have to take where you can use your creative side and create designs. Typically within a Major there are focuses you can choose - ask the program coordinator.
Your next step is to do some research.
1. Visit Commercial retail outlets like H&M, Banana Republic, or jacob. Tell the Manager your doing some research for University and would like to know what types of Corporate roles exist aside from the roles on the retail floor (like sales associates). If she asks you to elaborate then you can use some of the roles I mentioned above.
2. With this information in hand you can visit the Ryerson Fashion department and inquire with the Program Coordinator on what focus within the Fashion Degree would help you the most. In my program there were 5 different focuses within the Tech/Business program.
Just a quick aside. A good friend of mine too has a dream of fashion. he want to create a niche fashion line tailored to skinny men (I can't mention the style). He's in Business school but not in the Fashion program... He's in International Business but all his Minor courses are tailored to running a successful business ... similar to the ones I mentioned above for myself.
I have no doubt in my mind he'll make it 'cos his vision is that strong.
Re: Hi From START.ac CrowdFunding
- Hi Mal,
I would love to explain a little further. START(dot)ac is a new International CrowdFunding website, and we are launching this May 2012. CrowdFunding is when a large number of people each contribute a small amount of money to fund a project. We are forming a website to host these projects on, and building a strong and large community of individuals who are interested in helping the "next big thing" be a success. Imagine if you were there for the beginning of Google or Apple, and your donations of $1 or $500 helped to bring it to life! Along with major bragging rights, if a project is successful, people who funded it get rewards depending on how much money they gave the project.
At the summary level - We expands the CrowdFunding market to make a home for startup businesses and technology products. STARTac is the professional CrowdFunding site for startups and tech products. We also accept projects in many other categories (listed at the bottom).
We have made nine innovations that improve upon the status quo in CrowdFunding. One is that we have inverted the selection process of projects. Potential projects go into CrowdAudition™, where our members give feedback and advice to improve the projects where relevant. The members' input plays a key role in selection of which projects go to funding. Taking this approach also means that rejected project' drivers know why they were rejected, and can better decide if and how to improve their current project, or start from scratch.
We are assembling a bench of Mentors - experienced entrepreneurs and executives who want to help the new guys avoid the mistakes they made.
Please let me know what you think. When we launch we will be revealing all of our nine innovative programs to the public. We are also looking for projects to host on our website for when we launch. These projects will get extra media attention and publicity throughout our social media. If you have any other questions, PLEASE feel free to ask!
The categories of projects we accept are below:
Art
Comics
Dance
Design
Do Good (altruistic projects)
Fashion
Film
Food
Gadgets
Games
Invention
Kids (Youth-driven projects)
Music
Photography
Products
Publishing
Small Business
Start-Ups
Social Enterprise (aka Social Business)
Sports
Technology
Theater
Toys
Transmedia (anything that doesn’t fit into Art, Film & Video, or Photography)
Writing (any writing that is not published as a book)
Other
Profile: Essie Weingarten, creator of Essie Cosmetics
- Pop culture has its share of dynamic duos: Batman & Robin, Dolce & Gabbana, Brad & Angelina, and, as devotees of Essie Cosmetics' nail polish know, "Baby's Breath" & "Ballet Slippers."
And what's Essie Weingarten, creator of Essie Cosmetics, wearing right now? Why it's "Mademoiselle" paired with one coat of "Pink Glove Service,"of course! It's this playful take on fashionable colors and color combos, coupled with Essie's chip-resistant formula, that has converted beauty professionals and customers into adoring fans and secured Essie Cosmetics' position in the $1 billion nail industry.
As a little girl in Queens, NY, Essie was undoubtedly the youngest customer at local nail salons. A manicure was a reward her parents indulged her with on special occasions, and she relished the experience. She did, however, eventually grow bored with the limited selection of nail polish colors, and imagined that other women felt the same way.
After graduating from the Fashion Institute of Technology, she worked for Geraldine Stutz, the visionary behind Henri Bendel; Essie admired Geraldine's business acumen and was determined to learn from her mentor. Following a few more years in the fashion industry, Essie decided to address the nail polish niche that still remained untapped. In 1981, Essie launched her business in Queens by introducing 12 new polish shades that have since become classics in the nail industry. Twenty-six years later, she is still on top of her game and has transformed Essie Cosmetics into a $150 million empire.
what we learned from essie: You have to find what works for you. You cannot overextend yourself. It's very important that you know exactly what you can handle before you get into it.
making moves
"I wanted more. My stint in the fashion world was done. It was time for me to move on and do something on my own. I knew I loved nail polish and I knew that there were no groundbreaking nail products out there that promised long-lasting polish, so I decided to run with it. I had identified a niche product and market and was excited to make the move."
vegas, baby!
"I said, 'Where am I going to get the best bang for my buck?' Las Vegas was the quintessential test market. There were cocktail waitresses, dealers, dancers, cashiers. Twenty-six years ago, there were not that many women working together in one geographically concentrated area. But Las Vegas was the exception. I went to all the hotels and casinos that had beauty salons and I left samples. By the time I got home, which was less than a week later, I already had orders. The calls kept coming in. I got calls from women in Florida, New York, California, and Illinois who were in Las Vegas on holiday and tried my product there. They raved that it was still on their nails a week later. I thought, 'My god ... I have a business!'"
man's world
"Back when I started, there weren't as many women in the workplace. Customers and clients would call up and ask to speak with Mr. Weingarten. I had to deal with chemists, box manufactures, brush manufactures, bottle manufactures. It really was a man's world. I quickly learned how to convert challenges into opportunities. I often compared myself to a bumper car: I hit a wall, turned around, and kept going. I met each roadblock with the following question: "How can I do it better, different, and put a spin on it?" That mindset helped me through it all. If you start to get negative or down on yourself, then you're done faster than you started. You have to keep yourself very positive and very focused."
skin deep
"Before you can expect anyone to believe in you, you must believe in yourself. It's that simple and that important. If you feel good and secure, you shine. You don't have to be the most beautiful woman in the world to look and feel great. If you put yourself together and make a statement, people respect you. And there is no better or cheaper way to change or spice up your look than with nail polish. I always say we are the cheapest addiction around!"
the sweetest thing
"Do you have any idea how many doors were slammed in my face? I lost count. Never, ever get frustrated. Perhaps they're not interested in your product or service now, but they will be. They just don't know it yet. When they come back, and they do, you are in the driver's seat. You set your terms. They want and need something only you can give them."
networking
"Networking to me is the most important business practice. I never burn a bridge. I still network with people I worked with in my first job at Bendel's. Women are an unbelievable resource for networking. They enjoy helping one another. You must have good follow-through, contacts, and networking skills to survive in business."
fresh and fun
"Every 90 days we come up with six new colors. Every color is very fashion-driven, because we rely on the current trends in fashion and design to inform us of what people will want to wear. If you change your nail polish, you feel like you're always wearing something new. We keep our customers guessing and wanting more. We don't allow them to get bored. Of course there are the classics that everyone goes back to, but change is good. It makes the product hip and makes our customers feel like trendsetters."
essie moments
"A lot of customers relate our colors to milestones in their lives. I can't tell you how often I've heard "Cotton Candy" and "prom" in the same sentence. I recently overheard girlfriends saying that "Bordeaux" is great for a first date. When I meet people and hear what certain colors stand for in their lives, it makes me feel so good. I love that I can make women feel great and I absolutely love hearing about how the nail colors speak to such personal moments in their lives."
essie's tips for longer-lasting nails
1. Don't use your nails as tools.
2. A smoothing hand cream is a must. Essie has several kinds that match specific moods. If you're on vacation, try coconut pineapple. If you're feeling Zen, try the fragrance-free aloe.
3. You must use a base coat. Then follow it with two coats of color. After three days, apply "Good to Go!," a fast-drying topcoat. It keeps the polish looking wet and new and it's also protective for the nails.
parting thoughts
-"My greatest strength in business is ... I never give up."
-"I am happiest when ... the ultimate spa or salon that I've always dreamed of having as a customer calls and becomes a new customer."
-"Success to me means ... when you get all the wonderful press and endorsements without paying for it. And when I make people feel fabulous."
-"I will retire when ... it's no longer fun. But it's still so much fun, so I don't see when I'll retire."
-"I will always think of myself as ... fun-loving."
-"I care most about ... making people feel good."
-"I care least about ... money."
-"The key to being a great boss is ... I don't ask anyone to do anything that I wouldn't do myself."
-"Every entrepreneur should ... be passionate."
This Featured Lady was profiled by Alexandra Salas, a Buenos Aires-based writer.
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