PPT Slide: Key Definitions of Strategic and Corporate Foresight

Key Definitions of Strategic and Corporate Foresight PPT

This PPT slide, part of the 51-slide Strategic Foresight and Uncertainty PowerPoint presentation, titled "Strategic Foresight Overview" presents key definitions relevant to the concepts of strategic foresight and corporate foresight. It highlights the importance of these frameworks in guiding organizations through uncertain environments.

The first section defines "Strategic Foresight," quoting Richard Slaughter from 1997. This definition emphasizes the ability to create and maintain a coherent forward view. It underscores the necessity of using insights effectively to detect adverse conditions, guide policy, and explore new markets, products, and services. The focus here is on a proactive approach to navigating future uncertainties, which is crucial for organizations aiming to remain relevant and competitive.

The second section elaborates on "Corporate Foresight." This definition stresses the process of identifying and interpreting factors that induce change. It involves assessing organization-specific implications and triggering appropriate responses. Corporate foresight is framed as a collaborative effort, engaging multiple stakeholders to create value by accessing critical resources ahead of competitors. This proactive stance prepares organizations for change and enables them to steer towards desired futures.

The slide also notes that the terms "strategic foresight" and "corporate foresight" are often used interchangeably in the document. This indicates a nuanced understanding of how foresight can be applied across different contexts, whether in policy-making or corporate strategy.

Overall, the slide serves as a foundational overview for executives looking to grasp the significance of foresight in strategic planning and organizational resilience. The definitions provided are essential for understanding how to leverage foresight in decision-making processes.

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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Strategic Planning COVID-19 Strategic Thinking PEST Corporate Strategy Strategic Foresight

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