Using consumer trends to stimulate innovation

By Jeri Denniston, Chief Marketing Strategist, Denner Group International   April 2014

Takeaways: innovation comes from many sources. Analyzing consumer trends and even trends in other industries can stimulate new ideas and hone creative thinking skills.

Innovative thinking comes from many sources – following trends and using some creative questioning to analyze them is one way to hone creative thinking skills and create new innovations.

Trendwatching.com has developed an interesting Trend Canvas to help you focus your thinking around a specific consumer trend and develop a potential innovation for your business. They even provide an example of how to take a trend, such as Pretail, and work your way around the Trend Canvas to develop some innovative ideas.

In a two-step process, you first Analyze a specific trend and then you Apply the potential by answering a few questions:

Analyze:
1. Which deep basic consumer needs & desires does this trend address?
2. Why is this trend emerging now? What’s changing in the world around you?
3. What new consumer needs, wants and expectations are created by the changes identified above?
4. How are other businesses applying this trend?

Apply:
1. How and where might you apply this trend to your business?
2. Which (new) customer groups could you apply this trend to? What would you have to change?

This process results in New Innovations that you can further develop, assign some metrics and costs to, and begin to implement. Try it in your business to see what new ideas you discover.  Then let us know how this works for you!

This entry was posted in Change, Creativity, Strategic Thinking by Jeri Denniston. Bookmark the permalink.

About Jeri Denniston

Jeri Denniston is a certified Strategic Management Professional with proven performance in strategic marketing, social media strategies, management, public relations, and business planning. During her career she has mentored and trained co-workers and staff in communication and leadership skills, facilitated board and management retreats, led workshops in strategic management and systems thinking, and directed strategic planning projects for the development of new products and markets in the financial, marketing information and publishing industries. Skilled in digital marketing, she teaches internet marketing and social media & mobile marketing at Yavapai College. Jeri's language skills include high level fluency in Spanish and proficiency in French. She has a masters in international management from Thunderbird School of Global Management in Glendale, AZ.

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