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How to identify patterns of change to require you to think strategically

Usually, an outside event is first noticed by the younger members of your organization and they see a need to re-think the strategy. The work bottom-up to get the firm to adapt while the firm concentrates on its best customers, its high margin customers. This can create tension. How do you give the bottom-up idea a chance to gain support. The executives I worked with suggested:

Most frequent best practice

Bring in outsiders

Most frequent best practice

Track trends being discussed at trade shows and industry meetings

Second most frequent best practice

Network in trade associations for similar industries or in trade associations from other world regions

Usually works

Write stories about the likely scenarios

Usually works

Listen to what they are telling customers

Usually works

Study what the press and professors are discussing through an abstract service like ABI/INFORM

Works sometimes

Network with suppliers who serve you and your competitors

  The bar length indicates the most likely method for success.