What is the importance of knowing the difference between fad and trend
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Answer:
A helpful trick may be to consider that trends inevitably affect some form of the organization's engagement strategy, but fads usually influence tactics. This isn't a fool-proof trick, but it can help your organization think strategically about the differences between both fads and trends.
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The importance of knowing the difference between fad and trend is:
Explanation:
- Trends and fads are both beneficial to businesses, but mistaking one for the other may lead to a loss of trust and unwise investment decisions on the side of a company.
- Trends may be utilised to guide an organization's long-term marketing strategy and product development activities, while fads can be leveraged to create fascinating social media campaigns and short-term ad campaigns.
- Trends and fads can both be beneficial to an organization's growth, but they must be handled differently.
- If they aren't, CEOs risk burning out by trying to keep up with every craze, and crucial trends that are necessary for a company's sustainability may be overlooked. Let's take a look at each of the fads and trends separately.
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