Defining Strategic and Corporate Foresight PPT

This PPT slide, part of the 51-slide Strategic Foresight and Uncertainty PowerPoint presentation, presents key definitions related to strategic foresight and corporate foresight, emphasizing their importance in organizational planning and decision-making. The first definition, attributed to Richard Slaughter from 1997, outlines strategic foresight as the capacity to develop and maintain a coherent and functional view of the future. It highlights the necessity of using insights derived from this foresight to identify adverse conditions, guide policy, shape strategy, and explore new markets, products, and services. This definition underscores the proactive nature of strategic foresight in navigating uncertainties.

The second definition, provided by Rohrbeck et al. in 2015, elaborates on corporate foresight. It describes it as a process of identifying, observing, and interpreting factors that may induce change within an organization. This definition emphasizes the importance of understanding potential organizational implications and triggering appropriate responses. Corporate foresight is depicted as a collaborative effort involving multiple stakeholders, which creates value by granting access to critical resources ahead of competitors. It prepares organizations for change and enables them to proactively steer towards desired futures.

The slide also notes that while the processes of strategic and corporate foresight are similar, some organizations may interchangeably use the term "strategic foresight" to refer to both policy and organizational planning. This insight is crucial for potential customers as it indicates the versatility and applicability of foresight methodologies in various contexts, suggesting that investing in these frameworks can enhance strategic planning capabilities.

This slide is part of the Strategic Foresight and Uncertainty PowerPoint presentation.

MBB/Big 4 style presentation that guides on how strategic planning process can be enhanced by embedding foresight methods and tools.

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