Future-Oriented Innovations
Future-oriented innovations include innovative products, companies and technologies that improve the lives of people. They can enhance sectors such as healthcare and space technology, or boost the competitiveness of a business. Making them requires considerable effort from diverse high tech technique stakeholders, a paradigm change and an epistemic view that is significant. It is crucial that the management and staff of an organization are open to taking lessons from long-term trends as well as taking note of them.
Fear of the unknown, reluctance towards change and a focus only on short-term benefits are the most frequent obstacles which hinder the development of future-oriented ideas. In an organizational setting, these challenges can be overcome by encouraging a growth mindset, promoting an environment of innovation and creating a sense future goal for employees to achieve. This is often described as phronesis which means that individuals must have an incentive to make more risky decisions in their job and could result in higher employee preservation rates for businesses that are geared towards the future.
There is increasing evidence that innovation ecosystems could benefit from a greater understanding of the possibilities for the future. This can be accomplished by integrating foresight into the innovation ecosystem and strengthening the structural connections between research programs and strategic planning processes and enhancing the general awareness of possibilities by incorporating different viewpoints in dialog. The foresight-wheel model is a methodological design that can be utilized to meet these demands efficiently and in a scalable way. This article provides a new approach to developing futuristic innovations.
