Future-oriented innovations are those that incorporate innovative products, companies and technologies that can improve people’s lives. They can help improve areas like https://datatraininst.com/2021/12/21/futureoriented-mobility/ healthcare and space technology, or increase the competitiveness of businesses. To develop these, it requires lots of effort from a variety of high tech stakeholders. It also requires a paradigm shift and an epistemic awareness. It is important that the management and staff of an organization are open to learning from the long-term trends and listening to them.
Fear of the unknown, resistance towards change and a focus solely on short-term rewards are the main barriers which hinder the development of future-oriented ideas. In an workplace, these obstacles can be overcome through the cultivation of a growth mindset and creating an environment that encourages innovation. Employees will also feel motivated to work toward a future goal. This is referred to as the phronesis. It is the belief that people require an incentive to take risks in their work. It can lead to greater retention rates of employees in companies who have a future-oriented approach.
There is growing evidence that innovation ecosystems can benefit from a more thorough understanding of the future possibilities. This could be achieved by integrating foresight in innovation ecosystems, extending structural ties between strategy-building processes and research programs, and raising awareness of future options via dialog. The foresight model provides an approach to methodological development that can address these needs in a manner that is both efficient and adaptable. This article describes this innovative approach for developing futuristic innovations.
