Future-Oriented Innovations

Future-oriented innovations are a range of products companies, techniques and firms which can enhance the lives of individuals. They can boost sectors like healthcare and space technology, or increase the competitiveness of businesses. They require lots of work from many high tech technique stakeholder that can result in a paradigm shift and significant epistemic visibility. It is vital that the leadership and staff of a company are open to learning datatraininst from the long-term trends and paying attention to them.

Fear of the unknown, resistance towards change and a focus only on the short-term gain are the main obstacles which hinder the development of future-oriented ideas. In organizational settings these can be overcome by encouraging an attitude of growth, encouraging the culture of innovation and creating a sense an end-to-end goal for employees to pursue. This is often called phronesis, which means that individuals need to have a reason to make difficult decisions in their work and it can result in greater retention rates of employees for organizations that have a forward-looking mindset.

It is becoming increasingly apparent that innovation ecosystems could benefit from an understanding of future possibilities. This could be achieved by integrating foresight into innovation ecosystems, strengthening the structural connections between strategy-building processes and research programs, and increasing awareness of future options via dialogue. The foresight model provides a methodological framework that can respond to these needs in a manner that is both effective and adaptable. This article introduces a fresh approach to develop future-oriented innovation.