Business Fads and Their Value

By now most of us are aware of business fads, especially in training and management. An idea or method becomes a fad within a particular social group when many in the group adopt it for a time, and then let it go. Fads usually grow rapidly in popularity, and they're often identified as fads only after their popularity peaks.

The term fad is usually a term of disdain. Once we identify a fad, we tend to dismiss it. But for ideas and methods, faddishness doesn't necessarily imply absence of value because widespread adoption often indicates real intrinsic value.

Because dismissing something just because it's a fad could be a mistake, it's useful to understand the source of value for ideas and methods that become fads.

Fads are specific to groups

Widespread adoption within a group can give an idea or method the properties of a fad, even if it isn't adopted globally. For instance, Silly Bandz® are a fad among the young, but many adults don't even know what Silly Bandz are.

We each belong to numerous groups — our own organizations, our industries, cultures, demographic slices, and more. All are capable of fad behavior.

Widespread adoption can degrade value

If the idea or method confers advantage on adopters, early adopters benefit, but once it achieves fad status, advantages can vanish. For instance, mirroring is a communication technique that helps users build rapport with others. But when the user's communication partner recognizes the use of mirroring, a feeling of being manipulated can result.

Early rejecters of a fad can gain advantage, just as early adopters can, if they're among the first to curtail investment when the fad no longer provides advantages.

Widespread rejection can restore value

Once an idea or Early adopters of a fad benefit,
but once the fad achieves fad
status, advantages can vanishmethod achieves fad status, its use can wane, and people sometimes forget it. Thereafter, new members of the group might never have learned about the fad. If the value of the fad declined as a result of widespread use, its value can then return.

Fads that have been passé long enough can confer significant advantages on early re-adopters.

If you adopt a fad unknowingly, you might wrongly conclude that it's useless

Those who adopt an idea or method near its peak of popularity or later might wrongly conclude that it has little value. If the value to adopters arises from being among the minority who use it, and users are the majority, their experience will suggest that it has little value, when in fact, the idea or method might actually be very valuable when users are a minority.

Before adopting an idea method, determine the source of its value. Is value inherent, or is value determined by what others do?

Next time we'll consider some of the less-often-appreciated costs of business fads.  Next in this series  Top    Next Issue

Is your organization embroiled in Change? Are you managing a change effort that faces rampant cynicism, passive non-cooperation, or maybe even outright revolt? Read 101 Tips for Managing Change to learn how to survive, how to plan and how to execute change efforts to inspire real, passionate support. Order Now!

Your comments are welcome

About Point Lookout

Thank you for reading this article. I hope you enjoyed it and found it useful, and that you'll consider recommending it to a friend.

Point Lookout is a free weekly email newsletter. Browse the archive of past issues. Subscribe for free.

Support Point Lookout by joining the Friends of Point Lookout, as an individual or as an organization.

Do you face a complex interpersonal situation? Send it in, anonymously if you like, and I'll give you my two cents.

Related articles

More articles on Personal, Team, and Organizational Effectiveness:

Games for Meetings: I

We spend a lot of time and emotional energy in meetings, much of it engaged in any of dozens of ritualized games. Here's Part I of a little catalog of some of our favorites, and what we can do about them.

Mudfights

When we steer the discussion away from issues to attack the credibility, motives, or character of our debate partners, we often resort to a technique known as the ad hominem attack. It's unfair, it's unethical, and it leads to bad, expensive decisions that we'll probably regret.

Trying to Do It Right the First Time Isn't Always Best

You've probably heard the slogan, "Do it right the first time." It makes sense for some kinds of work, but not for all. For more and more of the work done in modern organizations, doing it right the first time — or even trying to — might be the wrong way to go.

Finding Work in Tough Times: Strategy

If you're out of work and discouraged — or getting there — you're in great company. Better than ever before. Getting back to work starts with getting to work on finding work. Here's a collection of strategies for the job of finding work.

Why We Don't Care Anymore

As a consultant and coach I hear about what people hate about their jobs. Here's some of it. It might help you appreciate your job.

See also Personal, Team, and Organizational Effectiveness for more related articles.

Forthcoming issues of Point Lookout

Coming March 29: Time Slot Recycling: The Risks

When we can't begin a meeting because some people haven't arrived, we sometimes cancel the meeting and hold a different one, with the people who are in attendance. It might seem like a good way to avoid wasting time, but there are risks. Available here and by RSS on March 29.

And on April 5: The Fallacy of Division

Errors of reasoning are pervasive in everyday thought in most organizations. One of the more common errors is called the Fallacy of Division, in which we assume that attributes of a class apply to all members of that class. It leads to ridiculous results. Available here and by RSS on April 5.

Coaching services

I offer email and telephone coaching at both corporate and individual rates. Contact Rick for details at rbrenZLkFdSHmlHvCaSsuner@ChacbnsTPttsdDaRAswloCanyon.com or (650) 787-6475, or toll-free in the continental US at (866) 378-5470.

Get the ebook!

Past issues of Point Lookout are available in six ebooks:

• Get 2001-2 in Geese Don't Land on Twigs (PDF, )
• Get 2003-4 in Why Dogs Wag (PDF, )
• Get 2005-6 in Loopy Things We Do (PDF, )
• Get 2007-8 in Things We Believe That Maybe Aren't So True (PDF, )
• Get 2009-10 in The Questions Not Asked (PDF, )
• Get all of the first twelve years (2001-2012) in The Collected Issues of Point Lookout (PDF, )

Are you a writer, editor or publisher on deadline? Are you looking for an article that will get people talking and get compliments flying your way? You can have 500-1000 words in your inbox in one hour. License any article from this Web site. More info