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Friday, September 10, 2010

Terms & Definitions

Terminology


Conglomerate - anything composed of heterogeneous materials or elements.


Demographic - a single vital or social statistic of a human population, as the number of births or deaths.


Early Adopter - A person who adopts early


Coolhunting - Someone who "Hunts" or searches for what is "Cool"


The paradox of Coolhunting - Going around and looking for trendsetters


Synergy - Combined action or function


Horizontal Integration - When a company expands it's business into making other products


Ancillary Markets - something that serves in ancillary capacity


The feedback loop - Kids telling people what they like

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