Strategic Foresight encompasses a set of methods, processes, actors and organisation forms that enable large companies to identify, assess, and act upon opportunities and threats, that have been identified as weak signals in the periphery. Companies using Strategic Foresight aim at enhancing their innovation reactivity, manage disruptions, and enhance strategic decision making.
Strategic Foresight uses week signals on (a) consumer needs and trends, (b) emerging technologies, (c) competitor activities, and (d) political developments in order to drive innovation, manage disruptions and support strategic decision making.
References
- Rohrbeck, Rene & Gemuenden, H.G. (2008) Strategic Foresight in Multinational Companies: Building a Best-Practice Framework from Case Studies, R&D Management Conference 2008 "Emerging methods in R&D management": Ottawa, Canada.