Strategic foresight enables companies to build a proprietary view of the future to drive breakthrough innovation. Some Strategic foresight projects include Participatory Futures, which are immersive experiences in a simulated future environment that help innovation leaders gain insights in to new products or service opportunities
It is impossible to predict the future. A Strategic foresight process provides an ongoing way to fill and manage the innovation pipeline so that companies can act in uncertainty and gain outsized growth from safely taking greater risks.
A successful strategic foresight project can continue to drive value for years to come. By ensuring buy in from the organization and key stakeholders and adjusting scenarios as necessary, you can make your foresight journey is a successful one.
During Strategic Foresight, the Plan Phase is used to prioritize opportunity areas, ideate new products, services, and experiences, and provide external landmarks for ongoing portfolio management.
In the second phase of strategic foresight - Anticipate - we forecast trends into the future and analyze how they will interact to create novel future environments.
During the first phase of Strategic Foresight - Discover - the goal is to understand what elements of the external environment impact value creation and indicate forces of change.
Strategic foresight enables companies to build a proprietary view of the future that drives breakthrough innovation. But not all foresight approaches are created equal. Here are our recommendations for a 3-phase process customized for innovation.
Strategic foresight is a discipline that provides a structured way to investigate, not predict, the future. Strategic foresight scenarios are provocative, yet plausible, alternative views of the future. But where did this idea come from?
Strategic foresight is a discipline that provides a structured way to investigate, not predict, the future. In the research and development context, strategic foresight is advanced portfolio management, where projects are selected based on robustness across multiple future scenarios.
Looking ahead five to ten years reveals a major shift toward the Access Economy that leaves few industries untouched. Does your company have the foresight and ideation engine to anticipate and fill your R&D pipeline, along with the structure, technology and know-how to execute?