Strategic foresight group sfg is a think tank engaged in crafting new policy concepts that enable decision makers to prepare for a future in uncertain times. Maximizing the power of strategic foresight washington. But for those that can adapt, it can bring incredible opportunities too. Over the years, governments and corporations started to conduct foresight studies in order. Strategic foresight and porters five forces publish. The software accom panying the methods of prospective is available free for download in. Twitter data analysis as contribution to strategic. Strategy requires the foresight to identify and respond to ripples on the horizon. Imagine strategic foresight and operational excellence in a yinyang relationship. It is an integral part of global strategies and corporate cultures. French, english or spanish and allows users to identify key variables. Pdf strategic foresight process improvements for the. The impact of corporate foresight on strategic decisions.
Within the strategic foresight literature, technological trends have been a major object of investigation. In an unstable and unpredictable world, all of us organisation, teams and individuals need to be flexible, to read the signs. Leading scholars in the field of strategic management are brought together to offer innovative and multidisciplinary perspectives on the past, present and future of strategy formation and foresight. Strategic foresight analysis can help decision makers map the future. Bengston, strategic foresight group, northern research station, u. A brief overview of strategic foresight workshop slides. Strategic foresight is now widely used in organizations, businesses, and administrations. Corporate foresight related research has, however, provided only limited insight to date. Strategic foresight of future b2b customer opportunities.
Founded in 2002 to create new forms of intellectual capital, our body of work today encompasses over 50 countries, across four continents. Foresight is used as a tool to develop business sectors and branches. In this article the value of twitter data analysis for a strategic foresight exercise is discussed. The topic of this thesis is scenario analysis on strategic regional land use planning. Our main argument is that proposing a theory of and within foresight requires three separate levels of.
It is worth investigating your organizations synthesis of these two attributes. Developing a toolkit for strategic foresight why some companies see disruption coming from a mile away, and respond accordingly. Principles for thinking about the future and foresight. Guidelines for strategic foresight edited by andy hines and peter bishop is the essential handbook for every aspiring analyst and, students of strategic foresight. While subtle, there is a distinction between vision and foresight. Theory of and within foresight what does a theory of. Principles for thinking about the future and foresight education david n. More and more companies are searching for strategic orientation and feel the need to support more future insights to win the innovation race. While it does contain the tools themselves, the resource also contains extensive guidance on each method, including overall guidance, examples, instructions, insights, tips, and tool. Download your free copy of the playbook by clicking on the book cover above.
The role of scenarios in strategic foresight sciencedirect. Other firms did not establish a foresight unit with its own budget. English is the dominant language, the term foresight, introduced in the 1990s, was adopted. This type of a workshop can involve a small team or a larger group of decision makers or stakeholders depending on your organizations interest in foresight and strategic. Part of our mission at the future today institute is to develop a culture of foresight in every organization. For that reason, the future today institutes research and tools are now open source and licensed under a creative commons attribution noncommercialsharealike 4. The wellwritten and properly structured management essay sample on strategic foresight and porters five forces. Foresight processes are also used to involve broader actor groups customers, suppliers, researchers, competitors, ngos etc. Scenario analysis in strategic regional land use planning core. Pdf strategic foresight for collaborative exploration of new. Forest service, united states department of agriculture, 1992 folwell avenue, st. We have illustrated two roles for scenarios in underpinning the strategic foresight processes using scenarios as mental models, and deriving benefit from the scenario methodology itself. A fundamental challenge facing business is to formulate robust strategy that adapts to threats or opportunities from innovation.
While strategic planning is a vital competency for todays leaders as they craft a vision for the future, an equally important leadership competency is strategic foresight to anticipate how this future might unfold. The impact of corporate foresight on strategic decisions a case of a european bank by claudio gomez portaleoni a thesis submitted to the university of birmingham for the degree of doctor of philosophy birmingham business school the university of birmingham 2011. This document builds on the foundation of last years capstone strategic foresight initiative sfi report. Among the pioneers of foresight, one finds the rand corporation and the hudson institute founded by h. A study of how companies enhance their strategies through. Based on this knowledge the case of the eu research project foresight and modelling for european health policy and regulations. Foresight as a specific term emerged in us military strategic planning after the second world.
Practicing strategic foresight in government the web site cannot. Introduction to foresight and foresight processes in. Foresight between uncertainty and convention uio duo. Built as a handson, practical resource, the playbook enables anyone to practice and advance as an innovation leader. This research was also made possible thanks to the financial support of the governments of france, korea, norway, sweden and the united states. We have spent nearly two decades researching, modeling, testing. Strategic foresight and porters five forces towards a synthesis daniel roy research paper undergraduate business economics business management, corporate governance publish your bachelors or masters thesis, dissertation, term paper or essay. The sfa sets the foundation for the followon report, the framework for future alliance operations ffao. This resource contains a method library and playbook for commonly used strategic foresight tools, organised by a guiding framework of five planning phases perspective, opportunity, solution, team, and vision. In increasingly competitive, complex and volatile environments, the urge to fully understand the future and to thereby deduce insights for strategic processes has over the past decades always been of great interest to academics and practitioners. Strategic foresight analysis usually involves the following stages. Strategic foresight group anticipating and influencing.
The strategic foresight analysis sfa 2017 report aims to support nato leaderships visualization of the future secu rity environment, which is c haracterized by a rapid rate of change, complexity, uncertainty and interconnectedness. Corporate foresight is expected to do exactly that. Strategic foresight to applications of artificial intelligence to achieve waterrelated sustainable development goals. Strategic foresight similar to corporate foresight or future studies is a powerful discipline used to systematically gather intelligence on the present, imagining a range of possible futures for your business and community, and generating ideas for actionsteps today. The climate crisis, the digital revolution and mass migration are just some of the forces driving change at greater speed than ever before. This guide assists organizations in preparing for and conducting a twohour foresight workshop utilizing scenario planning techniques. The book is written in understandable, accessible language. Foresight workshop how to guide foresight workshop how. In the crisis response and disaster resilience 2030 report, sfi established a framework for foresight. First, strategic foresight, a discipline i describe in more detail, provides the vitally needed mindsets and frameworks required to plan in uncertainty. This article introduces the foresight competency model, which addresses the basic question of what one ought to be able to do as a professional futurist. Strategic foresight methods in the public and private sectors. Introduction to strategic foresight ik ben freija van duijne. The thesis concludes that the foresight process had relevant flaws.
In so doing, they can identify strategic threats to avoid or mitigate as well as new opportunities to exploit. Foresight framework to analyze the hun mods strategic foresight process, confirming those findings with poppers methods categories. Indeed, this thesis will try to demonstrate that the management of future studies might be seen. Whether innovation means finding the next market, describing the future customer, or developing an amazing team who can reliably take new visions to new markets, the playbook for strategic foresight and innovation addresses two essential topics how to create a radical idea that becomes a new business, product, or service. Writing a thesis is both individual and collective work. Chapter on the foundations of the popular strategic foresight class created and taught by the author within the mba in design strategy at california college of the arts.
Pdf chapter on the foundations of the popular strategic foresight class created and taught by the author within the. Organizations need strategic foresight leading to renewal in order to survive the challenges of the next decade. Impact of corporate foresight on strategic decisions. The article offers an overview of twitters basic functionalities, previous twitter research and related studies on using twitter in foresight projects to date. Strategic foresight and operational excellence strategic foresight and operational excellence are two mutually reinforcing capabilities that every organization has at its disposal. It focuses on generating analyses of possible futures and alternative strategies, based on available intelligence. In so doing, they challenge research in four key areas.