I have recently come across a nice blog article from Maree Conway, who addresses the topic of value creation of corporate foresight, which we have also discussed in the past.
Maree concludes that there are 6 ways in which value can be created:
- broadening the perspective by considering a wide range of issues and trends outside the industry
- identifying the systematic drivers of change, rather than just observing symptoms
- more and deeper information, including peripheral information and tacit knowledge held by individuals
- informing about the long-term consequences of today’s decisions and external change
- challenge basic assumptions that underpin current thinking and limit the ability of decision makers to explore the whole range of options and judge them open minded
- providing a platform to integrate more people in the organization’s strategic discussion
To read Maree’s full article click here