innovative solutions in all areas
Future-oriented innovations include progressive products, companies and technologies that improve the lives of people. They can enhance areas like healthcare and space technology, or boost a company’s competitiveness. To make them, it takes a lot of work from various high tech technique stakeholders. It also requires a paradigm shift as well as a major epistemic awareness. It is essential that the staff and leadership of the company are open to taking lessons from long-term trends as well as paying attention to them.
The most common barriers to fostering future-oriented innovation are fear of the unknown and resistance to change as well as the focus on short-term gain. In an workplace, these obstacles can be overcome by fostering the development of a mindset that is based on growth and an environment that encourages innovation. Employees will also feel inspired to work towards the future goals. This is commonly known as phronesis which means that individuals need to have an incentive to take more risky decisions in their job and can lead to higher retention rates for employees of companies that have a futuristic mindset.
It is becoming increasingly apparent that innovation ecosystems can benefit from an improved understanding of future possibilities. This can be achieved by integrating foresight into innovation ecosystems and extending the structural ties between research and strategy building processes and enhancing the general awareness of the future by incorporating diverse perspectives in dialogue. The model of the foresight wheel provides an approach to methodological development which can meet these demands in a manner that is both efficient and adaptable. This article provides a new method for creating future-oriented innovations.