Future-oriented innovations are progressive goods or companies and techniques which can enhance the lives of individuals. They can enhance areas like healthcare and space technology, or boost a company’s competitiveness. Making them requires a lot of effort amongst diverse high tech technique stakeholders that can result in a paradigm shift and major epistemic visibility. It is also crucial that a company’s command line and staff to be willing to learning from long-term trends and be able to hear them.

The biggest obstacles in fostering innovation that is future-oriented are fear of the unknown, resistance to change and an emphasis on short-term gains. In an organizational setting, these obstacles are overcome by having the development of a mindset that is based on growth and an environment that encourages innovative thinking. Employees will also be motivated to work toward a goal for the future. This is known as phronesis. It is the idea that people need a reason to take risks in their work. It can result in more retention rates among employees in companies who have a future-oriented approach.

It is becoming increasingly apparent that innovation ecosystems could benefit from an understanding of the future possibilities. This could be accomplished by infusing foresight into innovation ecosystems, 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 model provides a methodological framework that can meet these needs in a manner that is both efficient and scalable. This article presents a new approach to developing future-oriented innovation.

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