Future-oriented innovations include innovative products, companies and technologies which can enhance the lives of individuals. They can boost sectors like healthcare and space technology, or improve the competitiveness of a company. To make these, it requires an enormous amount of effort from different high tech technique stakeholders. It also requires a paradigm shift and an epistemic understanding. It is also essential for a company’s command lines and staff to be open to learn from long term developments and to be attentive to them.
Fear of the unknown, reluctance towards change and a focus solely on short-term rewards are the main barriers that block future-oriented innovations. In the workplace, these issues can be overcome by encouraging the development mindset, fostering an environment of innovation, and establishing a future goal for employees to pursue. This is commonly referred to as phronesis, which is the belief that people need an incentive to make risky decisions within their work and can https://datatraininst.com/2021/12/21/futureoriented-mobility lead to greater retention rates of employees for companies with a future-oriented attitude.
It is becoming increasingly evident that innovation ecosystems could benefit from an improved understanding of future possibilities. This can be accomplished through the integration of foresight within innovation ecosystems, building stronger structural ties between strategy-building processes and research programs, and increasing awareness of future options via dialogue. The foresight wheel model provides a methodological framework that can respond to these needs in a manner that is both efficient and adaptable. This article provides a new method for creating future-oriented innovations.