Strategic Foresight
Strategic foresight is a systematic approach used by organizations to anticipate and prepare for future challenges and opportunities. It involves analyzing trends, uncertainties, and potential scenarios to inform decision-making. By understanding possible future developments, organizations can create more resilient strategies and adapt to changing environments.
This practice often employs tools like scenario planning and environmental scanning to gather insights. Strategic foresight helps businesses, governments, and other entities to align their goals with emerging realities, ensuring they remain competitive and relevant in a rapidly evolving world.