White paper from ITONICS, our strategic technology partner.
“An organization that has no idea about the future does not have a future. Of course the future can only be understood and planned to a certain extent. Targeted innovation management, however, helps companies to identify and pick up on trends and technologies in good time and channel them to create targeted innovations. This paper outlines the processes required to do this from the environmental analysis to brainstorming through to the planning of the market launch. In particular, the early stage of the innovation process has to date been neglected in innovation management.
This paper presents a holistic, IT-supported innovative approach from environmental scanning through to the innovation roadmap and deals with the challenges faced in its implementation.”
The Foresight Guide provides information about foresight and prepares readers to create, anticipate, and manage the future by understanding foresight and the tools that professionals use to better work with the future. The Foresight Guide includes survey answers from members in a 3,500+ professional network (including ourselves), lists of resources and websites for more information, and suggestions on how to get started or expand your own foresight career or successfully implement foresight thinking in your current profession. The Foresight Guide is a first of its kind e-book written by FERN co-founder John Smart with chapters by Josh Davis, Susan Fant and Anna-Leena Vasamo.
Review the guide.
In case you are in need of further guidance, tailored training, hands-on workshops or coaching, please do not hesitate to contact us.
“Planned opportunism” is Vijay Govindaraja’s term for responding to an unpredictable future by paying attention to weak signals—early evidence of emerging trends from which it is possible to deduce important changes in demography, technology, customer tastes and needs, and economic, environmental, regulatory, and political forces. That attention gives rise to fresh perspectives and nonlinear thinking, which help an organization imagine and plan for various plausible futures. Planned opportunism is a discipline that creates a “circulatory system” for new ideas; develops the capacity to prioritize, investigate, and act on those ideas; and builds an adaptive culture that embraces continual change.
We couldn’t agree more and highly recommend reading the article at https://hbr.org/2016/05/planned-opportunism . The messages expressed align very well with our approach re Trends mgt and the identification of opportunity spaces.
A pragmatic, powerful and purposeful new framework for making strategic innovation work. It balances creating the future, managing the present, and forgetting (selectively) the past. Its structure and overall philosophy will certainly appeal to business leaders. We are believers and we will certainly apply it within our consulting work.
Watch the video from Vijay Govindarajan
Innovation is a process, and while the introduction of a genuinely innovative product or service may be highly publicized or even glamorous, the process itself is driven much less by creative brainstorming or strategic planning than by carefully managed and highly-sophisticated cross-disciplinary thinking and research. Readers will learn how to manage the critically important first steps from Idris Mootee.
Read more on how to create future opportunity spaces.