Forget Megatrends . . . Find and Follow Movements

Resource Type
RTM Publication
Publish Date
05/03/2020
Author
Randall S. Wright
Topic
Trends
Associated Event
Publication

More and more firms are looking to megatrends to try to ascertain an unfolding future and plan strategy for the long term. The idea seems to be to take a megatrend, find a subtrend within it, and then distill the subtrend into new product or business opportunities. Yet in my discussions with executives, most report limited success trying to turn analyses of megatrends into concrete and actionable activities. Why is that? Is there a better way to act for the future than contemplating megatrends?