Foresight

Renowned Brazilian scientist Marcos Eberlin uncovers nature's artful solutions to major engineering challenges in chemistry and biology, solutions that point beyond blind evolution to the workings of an attribute unique to minds-foresight.

This important Handbook explores and evaluates dynamic environments and the appropriate strategic responses to them in the 21st century. Drawing together a collection of 29 original chapters, the Handbook makes an invaluable contribution to theory and practice by stimulating disciplined, rigorous and imaginative enquiry into the relationship between strategy and foresight. Leading scholars in the field of strategic management are brought together to offer innovative and multi-disciplinary perspectives on the past, present and future of strategy formation and foresight. In so doing, they challenge research in four key areas: strategy and foresight processes; strategy innovation for the future; understanding the future; and strategically responding to the future. The Handbook of Research on Strategy and Foresight is a comprehensive resource that will be invaluable for academics, students and practitioners interested in this important phenomenon.

Since the early 1990s interest in foresight has undergone one of its periodic resurgences and has led to a rapid growth in formal foresight studies backed by governments and transnational institutions, including many from the United Nations. However, texts that counterbalance in depth practical experience with an exposition and integration of the many theoretical strands that underpin the art and theory of foresight are rare. Foresight: The Art and Science of Anticipating the Future provides entrepreneurs, business leaders, investors, inventors, scientists, politicians, and many others with a succinct, integrated guide to understanding foresight studies and using them as means for strategy development. The text dispels the belief that anticipations are 'mere guesswork', and conveys the depth of thought needed, implicitly or explicitly, to understand human foresight. The book examines: The role of foresight and its institutional counterpart in the modern world The epistemology underlying foresight The need to extend foresight activity into wider spheres, including sustainable development The role that foresight plays in planning processes (including scenario planning) Much of the material in the book is based upon the internationally known foresight course at the Manchester Business School's Institute of Innovation Research (MIoIR) formerly PREST, which the author developed and directed from1999 to 2003.

Strategic foresight is discipline that organizations adopt to gather, interpret, manage information about the future environment they plan to operate in. This book introduces the concept of strategic foresight and advocates a holistic and systemic foresight approach comprising five phases that are suitable for organizations in the public and private sectors. Using real‐life cases as practical examples, the book demonstrates how organizations can apply a range of foresight methods and resources across the phases from intelligence to implementation. The book offers an opportunity to learn by all key stakeholders. It enhances the understanding of the National Research Organization’s Foresight exercise (as the complex social phenomenon) in its context. The case study of the National Research Organisation provides lessons and insights that can improve both the theoretical and practical implementation of the Foresight Exercise. Dr Mlungisi Cele Acting Head: National Advisory Council on Innovation Department of Science and Technology, Republic of South Africa Foresight methodologies have been widely spreading among business and research organizations worldwide during the last decades. The weakest point of many forward-looking activities so far was the lack of their practical use. The books shows, on a number of cases, how a Foresight study, being wisely designed and implemented, can become a useful navigation tool for increasing competitiveness in the fast changing environment. Dr Alexander Sokolov Professor, HSE National Research University, Russia Director, Institute for Statistical Studies and Economics of Knowledge / International Research and Educational Foresight Centre Very useful tool to describe how organizations assess the future and formulate strategic plans using a systemic foresight methodology Ibon Zugasti Managing Director in PROSPEKTIKER and Chair of the Millennium Project Node in Spain A comprehensive source of knowledge on complex issues of technology foresight process, from conception to commercialization of key technologies, made easy to understand and useful for aspiring futurists seeking to learn more about the matters at hand. Dr Surachai Sathitkunarat Executive Director, APEC Center for Technology Foresight (APEC CTF) Assistant to the President Office of National Higher Education, Science, Research and Innovation Policy Council (NXPO) Thailand This book provides a very good coverage of the end-to-end methodology for technology-based innovation through the use of diverse and relevant business use cases. Very often, books on this theme only expound the approaches. Sarah goes beyond in sharing the pitfalls and challenges during the different stages of the systemic foresight methodology so that readers can learn and avoid the mistakes that other companies made. The emphasis on open innovation and intellectual property management is valuable as many organizations fail to deliver the vision due to insufficient attention on these two aspects. A must read if you wish to master strategic foresight. Dr Terence Hung Chief, Future Intelligence Technologies Rolls-Royce Singapore Pte Ltd Why do people want to know the future? People want to use budget efficiently or don't want to waste time? Aside from those who see the future, like fortune tellers, how do we make the future? Foresight is known as a method of creating the future in a way that many people has been using. So how is it different between Forecast and Foresight? This book will help answer that. Dr Kuniko Urashima Deputy Director of Foresight Center National Institute of Science and Technology Policy (NISTEP), Japan .

Cross-cutting analytical chapters explore the emergence and positioning of foresight, approaches and methods, organisational issues, policy transfer and evaluation.

This book illustrates how to anticipate the future using more than the traditional predictive models (forecasting) based on the forward projection of past experiences, and moving into more advanced methods of anticipation logic (foresight) to build probable scenarios based on weak signals, emerging trends, coexisting presents and potential paths of evolution. Utilizing a helpful, four-part structure, the authors indicate how corporate foresight is fundamental to interpret and lead change, focusing on the two cornerstones of organization and management. They advocate the separation of Research (oriented to the market of tomorrow) from Development (oriented to the market of today), the establishment of a Foresight unit and the concentration of research activities mainly on the acquisition and recombination of external know-how. After an overview of state-of-the-art literature on forecasting methods, they further propose the implementation of a "future coverage" methodology, which will enable companies to measure and verify the consistency between trends, strategic vision and offered products. These organizational and managing tools are then tested in a case study: the Italian company Eurotech SpA, a leader in the ICT sector. A useful resource for both managers and researchers, the book will help readers gain the tools necessary to tackle change and navigate complexity in organizations.

Assessing the future is vital in informing public policy decisions. One of the most widespread approaches is the development of scenarios, which are alternative hypothetical futures. Research has indicated, however, that the reality of how professionals go about employing scenarios is often starkly at odds with the theory - a finding that has important ramifications for how the resulting images of the future should be interpreted. It also shows the need for rewriting and updating theory. This book, based on an intensive five year study of how experts actually go about assessing the future, provides a groundbreaking examination of foresighting in action. Obtained via ethnographic techniques, the results lay bare for the first time the real processes by which scenarios are made. It is also the first book to examine foresighting for public policy, which is so often overlooked in favour of business practice. From handling of discontinuity to historical determinism, the analysis reveals and explains why foresight is difficult and what the major pitfalls are. Each chapter ends with a toolkit of recommendations for practice. The book aims to help readers to reflect on their own practices of public-oriented foresight and thus to foster a deeper understanding of the key principles and challenges. Ultimately, this will lead to better informed decision making.

Foresight is an area within Futures Studies that focuses on critical thinking concerning long term developments, whether within the public sector or in industry and management, and is something of a sub-section of complexity and network science. This book examines developments in foresight methodologies and relates in its greater part to the work done in the context of the COSTA22 network of the EU on Foresight Methodologies. Foresight is a professional practice that supports significant decisions, and as such it needs to be more assured of its claims to knowledge (methodology). Foresight is practiced across many domains and is not the preserve of specialized ‘futurists’, or indeed of foresight specialists. However, the disciplines of foresight are not well articulated or disseminated across domains, leading to re-inventions and practice that does not make best use of experience in other domains. The methodological development of foresight is an important task that aims at strengthening the pool of the tools available for application, thereby empowering the actors involved in foresight practice. Elaborating further on methodological issues, such as those presented in the present book, enables the actors involved in foresight to begin to critique current practice from this perspective and, thirdly, to begin to design foresight practice. The present trends towards methodological concerns indicates a move from ‘given’ expert-predicted futures to one in which futures are nurtured through a dialogue among “stakeholders.” The book has four parts, each elaborating on a set of aspects of foresight methodologies. After an introductory section, Part II considers theorizing about foresight methodologies. Part III covers system content issues, and Part IV presents foresight tools and approaches.