Every savvy entrepreneur knows the value of pertinent trends when strategizing, especially for start-up businesses. Although trends play such an important role in strategizing, they are often not used to their full potential. Many times, the surface of the trend is solely examined, while its deeper meaning is ignored.
For example, one of the most prominent trends today is that of the growing number of green consumers. Over the past several decades, but especially in the new millennium, companies have been going green; changing core mandates to include factors such as carbon footprints and overall impacts on the environment.
However, adjusting mandates and mentalities is simply step one of the process of successfully incorporating trends into a strategy. Companies must be able to truly understand the meaning of the trend. Going back to the example of green consumers, companies must be able to see that many of the same consumers are also wary of companies trying to adapt to sustainable and environmentally-friendly initiatives. Therefore, the strategy must not only take into consideration the green consumer, but also to the skeptical consumer.
Overall, it is important not to just look at a trend superficially and address it as such; a company must delve deeper to meaningfully and successfully incorporate a trend into its strategy.
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