Our activities also strengthen the future capabilities of organisations and personnel. We identify future opportunities and threats, find priorities for RDI, provide structure to strategic options, create an inspiring future objective and engage both customers and other stakeholders. Futures Design helps develop new products, services and, for example, business models based on identified future opportunities.īusiness benefit is generated at all stages of the process. Futures Design combines business and service design methods with foresight work.Future Customer research combines the methods from different disciplines, producing a strategic vision for the development of customer-oriented business. Future Customer: creates insights of future customers and consumer behavior to support decision-making, and helps turning these insights into business decisions and growth.Future Radar can be utilised to support strategic planning and product and service development. To take action, business leaders need the foresight to peer around the cornerand take decisive action based on what they see. The Future Radar process uses a wide range of data sources to create a visual radar view of future opportunities, such as emerging technologies and business models. Future Radar: identifies growth opportunities in a complex world. Strategy: Strategy development and strategic planning This model indicates that foresight work precedes both strategic decision-making and strategic planning.VTT has unique concepts for the different work stages of the process: Our approach is comprehensive and practical. Fundamental to using strategic foresight to guide. We develop future scenarios that provide a sound basis. Strategic foresight is a discipline that provides a structured way to investigate, not predict, the future. We frame the starting point, examine the operating environment, identify alternative futures, identify strategic targets and create solutions. Predicting the future DLR Projekttrger approaches this goal with the method of Strategic Foresight. Scenarios are a tool to explore the sequences, consequences, and interplay between different actors in a possible future that has been identified as relevant.VTT’s strategic foresight process consists of five parts.Applying foresight in cycles creates agility and enhances one's preparedness for disruption before it happens.
#Strategic foresight drivers#
However, structural shifts and their implications can and should be analyzed. Foresight (also called strategic foresight) is an approach that aims at making sense of the future, understanding drivers of change that are outside of one's control, and preparing for what may lead to success or failure in the future.
Key points highlighted by the report include the below: Let’s look more closely at the four core foresight practices now.
It has highlighted the importance of monitoring and addressing low probability, high impact risks and reinforced the willingness to “think about the unthinkable”. Strategic Foresight is required whenever there is a high degree of uncertainty surrounding changes to the relevant future context. Strategic foresight is a large set of thinking, discussion, and practices we can do as inputs to strategy, that will reliably make strategy (the last foresight skill) both more future-aware and future-resilient. The COVID-19 pandemic abruptly changed the lives of almost everyone on the planet, causing more than four million recorded deaths, changing the way we travel, work, and socialize, as well as reducing the global economic output by trillions of dollars. strategic foresight to explore provocative issues that may challenge existing assumptions and policies. Strategic Foresight is a discipline allowing us to navigate the future and use it as a source of inspiration for the present. Rather, it is a structured process focused on guiding thinking, identifying opportunities, and building resilience in the face of uncertainty and complexity. This course will equip participants with the relevant knowledge about the most essential. This report reviews methods in strategic foresight that can help organizations to deal with and reduce uncertainty. Strategic Foresight is a toolbox that can be used by policy makers.
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