Future-Oriented Innovations
Future-oriented innovations are a range of products or companies and techniques that can improve the lives of people. They can enhance sectors such as healthcare and space technology, or increase the competitiveness of a business. To create them, it takes an enormous amount of effort from various high tech technique stakeholders. It also requires a paradigm shift as well as an epistemic consciousness. It is essential that the management and staff of an organization are open to taking note of trends over time and paying attention to them.
Fear of the unknown, resistance towards change and a tendency to focus on only short-term gains are the most frequent obstacles that hinder future-oriented innovation. In organizational settings these can be overcome by encouraging an attitude of growth, encouraging a culture of innovation and creating a sense future goal for employees to achieve. This is commonly described as phronesis which means that people need an incentive to make risky decisions within their work and it could lead to higher employee preservation rates for companies that have a futuristic mindset.
There is growing evidence that innovation ecosystems can benefit from a greater understanding of the future possibilities. This can be achieved by including foresight in innovation ecosystems and extending the structural ties between research programs and strategy-building processes, and increasing the general awareness of the future by incorporating diverse perspectives in dialog. The foresight model provides an idea of a methodological structure that can respond to the needs of the market in a way that is both effective and adaptable. This article provides a new method for creating future-oriented innovations.