TrendIntelligence is a guide
to Market-Sensing/Insight gathering. It helps firm constantly
attuned to past, current & Future developments in the Business landscape. As
enterprises across industries are besieged by opportunities and constraints
from interlinking Societal forces - forces of Trends, changing
technologies & Consumer-Behavior; Competition, Government Policies &
regulations, and dynamic marketplace - Trend-spotter was
developed in response to help firms pay attention to events in the
Business environment. The objective is to help firms alive to their aims
through learning from past, current & Distant Events that might break or
make their Businesses. Trend-spotter helps firms keep
up with their strategies, attuned to new developments in the Business
Landscape. Trend-spotting could begin with key questions as follow:
LEARNING FROM THE PAST
What
has been our past blind Spot?
Who
were our competitors?
who
were our Customers?
What
was the cause of our customers' defection?
What
prompted our customers migrating across the industry boundaries?
What
were our past strengths?
What
were our past weaknesses?
What
instructive analogies alternative industries offer?
Who
is in our industry smart at picking signals and acting on them?
What
was the outlook of the PEST [political, Economic, Social, Technological]
environment?
ANALYZING/ASSESSING THE PRESENT
What
are the forces shaping the existence of our category?
What
important signals are we rationalizing away?
What
are the mavericks, defectors/Complaining Customers really telling us?
What
are our direct competitors empirically doing?
What
are our indirect Competitors really thinking?
How
is the Competitive Boundary really shifting?
How
are the market-segments evolving?
How
are the customer-values changing?
What
is happening in the PEST (Political,
Economic, Social, and Technological) environment?
ENVISIONING AT THE FUTURE
What
future surprise that might really hurt us?
What
future opportunities that might really help us?
What
emerging technologies could change our game?
Is
there any unthinkable scenario that might disrupt our business?
What
is the outlook of the PEST (Political,
Economic, Social, and Technological) environment?
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