Future-Oriented Innovations

Future-oriented innovations encompass innovative products, companies and technologies which can enhance the lives of individuals. They can boost sectors like healthcare and space technology, or improve the competitiveness of a company. To produce them, it takes a lot of work from various high tech technique stakeholders. It also requires a paradigm shift and a major epistemic awareness. It is also important for a company’s command line and employees to be able to learn from long term trends and be able to hear them.

Fear of the unknown, resistance to change and a focus only on short-term benefits are the most common obstacles that block future-oriented innovations. In the workplace, these issues can be overcome by encouraging an attitude of growth, encouraging a culture of innovation and establishing a future goal for employees to strive towards. This is commonly called phronesis, which is the idea that individuals require an incentive to make risky why not try here decisions within their work and could result in higher retention rates for employees of organizations that have a forward-looking mindset.

There is increasing evidence that innovation ecosystems could benefit from a stronger grasp of the future potential. This could be achieved by integrating foresight into innovation ecosystems, extending structural ties between strategy building processes and research programs, and raising awareness of the possibilities for the future through dialogue. The foresight wheel model is a methodological construction that can be used to meet these demands efficiently and in a adaptable manner. This article provides a new approach to developing forward-looking innovations.