- The future is not predictable;
- The future is not predetermined; and
- Future outcomes can be influenced by our choices in the present.
Strategic foresight may be used as part of the corporate foresight in large companies. It is also used within various levels of Government and Not for Profit organisations. Many concepts and tools are also suited to 'personal futures' thinking.
Strategic foresight can be practiced at multiple levels, three different levels being:
- Pragmatic foresight - "Carrying out tomorrows' business better"
- Progressive foresight - "Going beyond conventional thinking and practices and reformulating processes, products, and services using quite different assumptions"
- Civilisational foresight - "Seeks to understand the aspects of the next civilisation - the one that lies beyond the current impasse, the prevailing hegemony of techno/industrial/capitalist interests".
Strategic Foresight Group defines foresight as a combination of forecasting with insight. While forecasting requires methodologies, generated by computers or otherwise, insight requires deep understanding of the subject concerned. Foresight is developed by applying forecasting methodology to the insight. Strategic Foresight relates to foresight of strategic issues. Thus, strategic foresight can be developed by scientific study. It is not about intuition or guess work. The difference between strategic foresight and futurology is that strategic foresight provides alternative scenarios for the future. Futurology attempts to provide a definitive picture of the future.
- Strategic Foresight is the ability to create and maintain a high-quality, coherent and functional forward view, and to use the insights arising in useful organisational ways. For example to detect adverse conditions, guide policy, shape strategy, and to explore new markets, products and services. It represents a fusion of futures methods with those of strategic management (Slaughter (1999), p. 287).
- Take hold of your future or the future will take hold of you (Patrick Dixon Futurewise publ 2005)
- Corporate foresight
- Foresight (future studies)
- Optimism bias
- Reference class forecasting
- Technology forecasting
- Technology Scouting
- Amara, Roy (1981), The Futures Field. Futurist, February, April and June 1981
- Rohrbeck, Rene (2010) Corporate Foresight: Towards a Maturity Model for the Future Orientation of a Firm, Heidelberg: Physica-Verlag, Springer, ISBN 978-3-7908-2625-8
- Hamel, G., & Prahalad, C.K. (1994), Competing for the future. Boston, MA: Harvard Business School Press
- Slaughter, Richard A. (2004), Futures Beyond Dystopia: Creating Social Foresight. RoutledgeFarmer, London, UK, ISBN 978-0-415-30270-8; p .217
- Johnson, G., Scholes, K., & Whittington, R. (2005). Exploring corporate strategy (7th ed.). New York: FT/Prentice Hall.
- Rohrbeck, R., S. Mahdjour, S. Knab, T. Frese (2009) Benchmarking Report - Strategic Foresight in Multinational Companies Report of the European Corporate Foresight Group: Berlin, Germany.
- Schwarz, J.-O. (2008) Assessing the future of futures studies in management, Futures, Vol. 40, Iss. 3, 237-246.
- Slaughter, Richard A. (1995), Futures for the Third Millennium. Prospect Media, St. Leonards, NSW, Australia, ISBN 1-86316-148-1.
- Towards Critical Foresight
- Blog on corporate foresight and organizational future orientation
- How to make sense of your environment through strategic analysis
- Future Screening research project, a practical framework for advancing strategic corporate foresight
- Group in Xing: Strategic Foresight - Strategische Frühaufklärung
- The Master of Design in Strategic Foresight and Innovation program at OCAD University
- The Master of Arts in Strategic Foresight at Regent University
- The Strategic Foresight and Innovation group on LinkedIn
- Master of Management (Strategic Foresight), Australian Graduate School of Entrepreneurs, Swinburne University. Twitter: @agseforesight
- The Foresight, Education & Research Network "FERN" is a global community of foresight students, alumni, faculty, employers, and advocates of graduate foresight education, employment, and research.
- Global Foresight Org lists communities, degree programs, courses, people, employers, organizations, and educational materials that help advance our global foresight culture. It can be edited by anyone who wants to help.