How is foresight adding value to strategic planning

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

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