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In response to seismic shifts in your industry or working to adopt a long-term strategy changing the direction of your company could yield significant benefits. Research has demonstrated that companies with a strong future orientation https://datatraininst.com/2021/11/12/three-reasons-why-your-company-needs-a-virtual-data-room are more productive and creative. To make your organization more future-oriented, you can encourage your staff and management to come up with new strategies and processes that aid the organization in preparing for the future.

The development of future-oriented innovation requires a dialogue approach to identify business opportunities as well as potential barriers. This can be achieved by using a framework of futures-literacy which includes knowledge of futures and awareness and futures capabilities. Futures literacy refers to the ability of an individual or a company to construct, identify and articulate futures. It is based on the idea that the creation and expression of futures is a multidisciplinary process that involves different domains, spheres and stakeholders. Futures awareness is the capacity to recognize the existence of future possibilities and is built on an individual’s understanding of their personal perception of the world around them.

In order to achieve future-oriented innovation, it is important to develop products and services that will improve the lives of people. These improvements are a result of collaboration between many high tech process stakeholders and require a deep examination of the current problems and alternatives. This kind of innovation requires a radical epistemic transparency and the ability listen to suggestions for the future.