One of the greatest impediments faced by trend spotters is that laypeople tend to assume they are one and the same.
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Trend Photography – My new book!
One of the greatest impediments faced by trend spotters is that laypeople tend to assume they are one and the same.
As is made clear in the preceding sections, trend spotting is by no means a formalized profession and manifests itself in many different forms and industries. It can therefore be fair to say that nearly any sort of education can contribute to one’s success as a trend spotter.
As trend spotting is such an elusive and constantly evolving form, it is difficult to pin under a single definition. In the twentieth century, it was first positioned as a strategic tool to be used in time of war, and then, by governments. Trend spotting subsequently entered a more flowery period of fashion forecasting during [...]
Some of the key factors increasing industry rivalry amongst trend spotters are low concentration, and switching costs. This rivalry is somewhat reduced by the industry’s high differentiation and growth rate, as well as diplomatic competition.
Now that we have a general layout of the industry, it would be helpful to consider its different forces of competition- specifically suppliers, buyers, substitutes, and complementors, and potential entrants.
Let us consider the major trend spotting company formats in greater detail:
An Overview Coolhunters (trend spotters) work in many different professions. Anyone can be a coolhunter. In fact, all successful people are trend spotters, as they are able to identify important new developments and manipulate change to their advantage. Nevertheless, those who dedicate the majority of their time studying trends (instead of engineering or coaching soccer, [...]