Retail Trends and Innovations Tracking Project Template

Retail Trends and Innovations Tracking Project in Priority Matrix

Stay updated with the latest retail trends and innovations to keep your supermarket competitive.

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Proposed Tasks

Urgent and Important

• Task 19: Update Personal Knowledge on Retail Trends (due every week)
  ☐ Read relevant books and articles ☐ Attend webinars and workshops
• Task 2: Weekly Review of Retail Trends (due every week)
  ☐ Review new updates from the tracking system ☐ Document key insights
• Task 20: Yearly Review and Planning (due annually)
  ☐ Review past year's performance ☐ Plan for the next year
• Task 1: Set up a Retail Trends Tracking System (due in 1 week)
  ☐ Choose a tracking tool ☐ Define key trends to follow ☐ Set up alerts for relevant news
• Task 10: Incorporate Innovations into Business Strategy (due in 3 months)
  ☐ Review business strategy ☐ Identify areas for innovation incorporation ☐ Update strategy
• Task 14: Innovations Impact Assessment (due every 6 months)
  ☐ Define assessment criteria ☐ Conduct assessment ☐ Prepare report

Important but Not Urgent

• Task 11: Innovations Budget Allocation (due annually)
  ☐ Review past budget ☐ Plan budget for next year ☐ Get approval
• Task 3: Monthly Innovation Round-up (due every month)
  ☐ Compile key innovations in retail ☐ Assess potential applicability to our supermarket
• Task 4: Quarterly Retail Trends Report (due every quarter)
  ☐ Compile and analyze trends ☐ Prepare a report ☐ Present to the team
• Task 5: Attend Retail Innovation Conferences (due annually)
  ☐ Identify key conferences ☐ Register and attend ☐ Share insights with team
• Task 6: Organize Brainstorming Sessions (due every 2 months)
  ☐ Schedule session ☐ Prepare relevant materials ☐ Facilitate session
• Task 16: Market Research (due every 3 months)
  ☐ Plan research ☐ Conduct research ☐ Analyze results
• Task 8: Set up Innovation Lab (due in 6 months)
  ☐ Plan the lab ☐ Allocate resources ☐ Launch the lab
• Task 12: Staff Training on New Innovations (due every 6 months)
  ☐ Identify training needs ☐ Organize training sessions

Urgent but Not Important

• Task 13: Regular Team Meetings (due every week)
  ☐ Schedule meetings ☐ Prepare agenda ☐ Facilitate meetings
• Task 7: Monitor Competitors (due every month)
  ☐ Identify key competitors ☐ Track their innovation initiatives
• Task 9: Customer Feedback Collection (due every month)
  ☐ Design feedback form ☐ Collect feedback ☐ Analyze feedback
• Task 17: Networking with Innovation Leaders (due every 2 months)
  ☐ Identify key leaders ☐ Reach out and network

Not Urgent and Not Important

• Task 15: Update Innovations Showcase (due every month)
  ☐ Identify innovations to showcase ☐ Update showcase
• Task 18: Innovation Awards Submission (due annually)
  ☐ Identify relevant awards ☐ Prepare and submit entries