Future-oriented innovations are a range of products companies, techniques and firms that can enhance people’s lives. They can improve sectors like healthcare and space technology, or boost the competitiveness of a business. To make these, it requires lots of effort from different high tech technique stakeholders. It also requires a paradigm shift and an epistemic understanding. It is essential that the leadership and staff of a company are open to taking note of trends over time and paying attention to them.
Fear of the unknown, reluctance toward change, and a focus on only short-term gains are the main obstacles which hinder the development of future-oriented ideas. In an organizational setting, these obstacles can be overcome by fostering an attitude of growth and an environment of innovation. Employees will also feel inspired to work towards an end-point in the future. This is commonly referred to as phronesis, which is the idea that individuals require the motivation to make difficult decisions in their work and could result in higher retention rates for employees of businesses that are geared towards the future.
There is increasing evidence that innovation ecosystems could benefit from a better understanding of future possibilities. This can my website be achieved by infusing foresight into innovation ecosystems and extending the structural ties between research and strategy building processes, and increasing overall awareness of future options by incorporating different viewpoints in dialogue. The foresight-wheel model is a methodological construction that can be used to address these needs with a practical and efficient manner that is scalable. This article describes a new method for developing future-oriented innovations.