Future-Oriented Innovations
Future-oriented innovations include progressive products, companies and technologies that can improve people’s lives. They can help improve areas like healthcare and space technology, or enhance a company’s ability to compete. Making them requires lots of work from numerous high tech technology stakeholders that can result in a paradigm shift and important epistemic awareness. It is also essential for a company’s command line and personnel to be open to learning from long-term trends and listen to them.
Fear of the unknown, resistance towards change and a tendency to focus only on short-term benefits are the most common obstacles which hinder the development of future-oriented ideas. In an workplace, these obstacles can be overcome through the development of a mindset that is based on growth and a culture of innovative thinking. Employees will also feel driven to work towards a goal for the future. This is referred to as phronesis. It is the belief that people need motivation to take risks in their work. It can result in higher employee retention rates for companies that employ a future-focused approach.
It is becoming increasingly evident that innovation ecosystems could benefit from an understanding of the future possibilities. This could be achieved by integrating foresight into the innovation ecosystem, expanding structural ties between research programs and strategic planning processes, and enhancing overall awareness of future options by incorporating diverse perspectives in dialog. The foresight wheel model provides an approach to methodological development that can respond to these needs in a way that is both efficient and scalable. This article provides a new approach for developing futuristic innovations.
