![]() It should not be an app, but rather an operating system that enables all other processes. Today, organizations like Intel, Ford, and Disney have joined Shell in employing futurists to leverage foresight tools for organization-wide strategy development and innovation.Īlthough Strategic Foresight is a discipline, it is most effective when utilized as a philosophy that runs in the background of an organization. During the oil crisis of the late 1960s, Shell altered its strategy and successfully propelled itself to the top of the industry, a move credited to the use of scenario planning. provision for or insight into future problems, needs, etc 2. One famous example is the energy petrochemical giant Royal Dutch Shell. foresight in British English (fsat ) noun 1. Major corporate companies have been leveraging the power of foresight for years. foresight noun the front sight on a rifle or similar weapon foresight noun a bearing taken forwards towards a new object Webster Dictionary (2. Having the foresight to prepare an evacuation plan may have saved their lives. What does foresight mean Proper usage and audio pronunciation (plus IPA. foresight noun The ability to foresee or prepare wisely for the future. Strategic Foresight, as a discipline, has been around for decades you can receive a master’s degree in Strategic Foresight at universities in the United States. Definition of foresight in the Dictionary. These well-informed maps of the future allow us to test our current strategy, develop breakthrough innovations, and create transformative change. While no one can predict the future, foresight allows us to mine the external environment for trends and issues, and leverage those insights to create maps of the emerging landscape. Through this process we are better prepared for potential threats and are able to capitalize on hidden opportunities. Strategic Foresight is an organizational, social, and personal practice that allows us to create functional and operational views of alternative futures and possibilities.
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