Add Trend-Based Planning before Your Competitors Do

by Adam Hartung | Nov 30, 2016

Roadmap to White Space Innovation

This year, I’ve discussed elements of the Trend process in growing a business from managing the Status Quo to creating White Space innovation. This month I am sharing three slides summarizing that process. Use them to launch a White Space innovation effort by comparing the two Trend approaches side-by-side. It becomes clear how managing the Status Quo does not capture disruptive innovation and leaves a company vulnerable to emerging trends and new, more nimble competitors.

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Status quo planning vs enhanced trend-based planning

“At times, our own light goes out and is rekindled by a spark from another person. Each of us has cause to think with deep gratitude of those who have lighted the flame within us.”

Albert Schweitzer

Actions you can take

Don’t hesitate to ask for help in making your organization more adaptable, and your strategy embedded with options to change based on market shifts. Compare one of your current product line innovation plans to the Status Quo planning process above. Then start to change by using some of the ideas from the Enhanced planning process. Use the comparison slide to communicate the upgrade and benefits to your marketing team and to management.

How we can help

We are your experts at identifying trends, creating scenarios and building external, market monitoring systems. We’ve done this kind of work for over 20 years, and bring a wealth of experience, and tools, to the task. You don’t have to go into scenario planning alone; we can be your coach and mentor to speed learning, and success.

For more on how to include trends in your planning, I’ve created a “how-to” that you can adapt for your team. See my Status Quo Risk Management Playbook.

Give us a call today, or send an email, so we can talk about how you can be a leader, rather than follower, in 2017 and beyond. Or check out the rest of the website to read up on what we do so we can create the right level of engagement for you.