Strategy: Strategic Foresight and Future Shaping – Best Practice Report

Strategic foresight refers to the discipline of intelligence gathering, predicting alternative futures, and preparing for them. Today’s business world is increasingly uncontrolled and dynamic. Organisations need to have a good understanding of the overall macro-environment – i.e. the economy as a whole – so they can anticipate risks and threats, as well as explore megatrends, markets, and product and service demands. The purpose of strategic foresight is to develop a vision and cohesive, s

BPIR Categories

13.8 Manage legal and ethical issues
13.9 Anticipate public concerns
14.3.1 Create commitment for improvement
14.3.7 Manage transition to change
15.6.2 Strategy development & deployment
2.1.1 Analyse & understand competition
2.1.2 Identify economic/industry trends
2.1.3 Identify political & regulatory issues
2.1.6 Identify social & cultural changes
2.1.7 Understand ecological concerns
2.1.8 Understand the internal environment/performance
2.1.9 Assessment of the internal/external environment
2.2.4 Formulate and review business unit strategy
2.2.5 Integrate future foresight scenarios into strategy
8.1.1 Leaders develop/manage org culture,vision&values
8.2.5 Leaders review org performance/capabilities
8.2.6 Leaders establish/improve the management system