Future-Oriented Innovations

Future-oriented innovations include innovative technology, products, and firms which can enhance the lives of individuals. They can fine-tune sectors like healthcare and space technology, or increase a company’s competitiveness. To develop them, it takes lots of effort from different high tech technique stakeholders. It also requires a paradigm shift and an epistemic consciousness. It is important that the top management and employees of a company are open to learning from long-term trends and listening to them.

The most common barriers to fostering future-oriented innovation are fear of the unknown and resistance to change as well as a focus on short-term gains. In the workplace, these issues can be overcome future mobility specialists are passionate professionals by encouraging the development mindset, fostering the culture of innovation and establishing a the future goals employees should pursue. This is commonly referred to as phronesis, which means that individuals need to have an incentive to make more risky decisions in their job and could result in greater retention rates of employees for organizations that have a forward-looking mindset.

There is increasing evidence that innovation ecosystems can benefit from a more thorough understanding of the future possibilities. This can be accomplished by including foresight in innovation ecosystems and extending the structural ties between research and strategy building processes, and increasing the general awareness of possibilities by incorporating diverse perspectives into dialog. The foresight-wheel model is an approachological model that can be used to address these needs in an effective and efficient manner that is scalable. This article presents a new approach to developing future-oriented innovation.