Strategic Planning & Business Development Through Foresight

Strategic foresight is essential in helping businesses answer questions on where to play and how to win. It inspires vision, guides goal setting, informs strategic choices, fuels execution, and facilitates feedback following implementation. This article highlights how foresight can inform business model, people, and organization development. It answers questions on infrastructure, offerings, customers, and financials, leveraging data insights, trends, and technology development trajectories. Scenario planning can also aid in timing changes to the business model. Similarly, scouting and scenario work can guide people and organization development by identifying competencies, talent management, facility management, workforce planning, and culture and leadership development. A well-functioning foresight process helps feed into strategy creation and innovation management, and it requires systematizing signals, trends, and technologies.