Predict future trends in your market
Low effort
High impact
Market disruptors, new technology and cultural shifts can all have an impact on business development, but business leaders need to focus on predicting future trends, rather than just reacting to change. This starts with keeping yourself and your employees proactively engaged in change and encouraging a company culture that anticipates what’s ahead.
Keep abreast of market developments by reading industry publications, following influencers on social media and attending relevant events
Impact: low
Allocate a budget for research and development time
Impact: high
Survey your customers to understand their challenges and identify potential gaps in the market
Impact: medium
Connect with peers, both from inside and outside your industry, to pool ideas and predictions about future changes
Impact: medium
Use the ideas collected from staff, customers, publications and peers to predict future trends in your market
Impact: high
What can I do with this Action Plan?
Start this Action Plan
Add some extra information to this plan and we’ll help you get it done.
Download and print
Get a printable template for this Action Plan, fill it in with some target dates, and share it with your team. Pin it on the wall where everyone can see it.
Learning Groups
We also run Learning Groups on these topics where you can join other leaders tackling the same challenges.
How will I know if my action plan is working?
Time spent on research and development (R&D)
The amount of time your team invests in research and development during a certain period