Future-oriented innovations are those that incorporate innovative products, companies and technologies that will improve the lives of people. They can help improve areas like healthcare and space technology, or boost the competitiveness of a company. Making them requires considerable effort from numerous high tech technology stakeholders that can result in a paradigm shift and an epistemic view that is significant. It is vital that the leadership and staff of a company are open to taking note of trends over time and taking note of them.
Fear of the unknown, reluctance towards change and a tendency to focus solely on short-term rewards are the main obstacles that block future-oriented innovations. In organizational settings these can be overcome by encouraging an attitude of growth, encouraging an environment of innovation, and creating a sense future goal for employees to pursue. This is known as phronesis. It is the belief that employees 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 more apparent that innovation ecosystems can benefit from an understanding of the future possibilities. This can be accomplished by integrating foresight in innovation ecosystems, building stronger structural ties between strategy-building three reasons why your company needs a virtual data room processes and research programs, and raising awareness of possible future options through dialogue. The foresight-wheel model is an approachological structure that can be used to meet these needs in an effective and scalable way. This article provides a new approach to developing futuristic innovations.