trends management

What is Trends management?


  • A structured and efficient way of communicating and translating trends into concepts for new product and services.
  • It is invaluable for understanding trends and incorporating them into a future strategy.
  • Using Trends Management early in the planning process enables both focus and clear direction in the innovation process.

BACKGROUND


  • Most successful companies collaborate closely with an international trend agency.
  • There is a need to communicate trends effectively. Trends Management provide tools that are educating, illuminating and inspiring for internal and external use. This will empower the customer and create added value by providing meaningful offerings at all times.
  • The main reason for such collaboration is to be up-to-date with trends understanding their impact and opportunities for both the business and innovation.
  • Trend information explores industry specific trends looking at lifestyle of the future consumer mindsets. New colours, materials, shapes, application and technical details are linked to the specific consumer mindset.

OBJECTIVES


  • Development of a Trends Management system supports strategic innovation.
  • The aim of Trend Management is to create clarity and insight into trends – understanding their impact and opportunities for the company

OUTCOME


  • Trends Management will inform all sectors within the company bridging the creative and the strategic processes in order to have a common future outlook.
  • Trends Management will make it easier for the company to identify and focus on new innovation and business opportunities.
  • Trends Management will enable the company a more efficient and confident way of communicating and connecting with customers.
  • The desired outcome is to strengthen and increase sales margins and success rates for future ventures, product and services development
Trends management offers a structured and efficient way of communicating and translating trends into concepts for new products and services