Future-oriented innovations are innovative products, firms and techniques which can enhance the lives of individuals. They can improve sectors like healthcare and space technology, or improve the competitiveness of a company. Producing them requires an enormous amount of effort from diverse high tech technique stakeholders, a paradigm change and an epistemic view that is significant. It is also crucial for a company’s command line and staff to be willing to learning from long-term trends and to listen to them.
Fear of the unknown, resistance toward change, and a focus on only short-term gains are the main barriers that hinder https://datatraininst.com/2021/07/08/generated-post/ future-oriented innovation. In an organization, these barriers can be overcome through the development of a mindset that is based on growth and an environment that encourages innovative thinking. Employees will also feel motivated to work towards a goal for the future. This is referred to as phronesis. It is the notion that people need a reason to take risks in their work. It can lead to higher retention rates for employees of businesses that have a forward-looking approach.
There is increasing evidence that innovation ecosystems can benefit from a greater understanding of future possibilities. This can be accomplished by integrating foresight within innovation ecosystems, extending structural ties between strategy building processes and research programs, and increasing awareness of possible future options through dialogue. The foresight-wheel model is a methodology construction that can be used to meet these demands effectively and in a flexible manner. This article discusses this new method of developing future-oriented innovations.