Strategic foresight is the ability to predict likely trends that will impact your firm and industry. The better your ability as a manager to be able to identify changes to other competitors, industry structure more broadly, as well as the broad macro-environment that the company operates in, the better your ability to take these trends into account in your decision making.
Managers who have developed strategic foresight will have an easier time recognizing new opportunities that are emerging and to put in place contingency plans to avoid potential threats that could impact their firms.
This collection of articles explores the strategic foresight concept – with practical advice to help you increase your awareness of the industry and societal changes.
Latest Articles on Strategic Foresight
The benefit of PESTEL analysis: Increasing firm success
This article examines the importance for managers to recognize trends in their firm’s broad environment, and why the PESTEL framework is so useful in identifying these trends.
Strategic foresight: Predicting changes in your industry and environment
This article explores strategic foresight – the opportunities that come from understanding your environment and how to predict likely industry trends.
The benefit of PESTEL analysis: Increasing firm success
This article examines the importance for managers to recognize trends in their firm’s broad environment, and why the PESTEL framework is so useful in identifying these trends.
Strategic foresight: Predicting changes in your industry and environment
This article explores strategic foresight – the opportunities that come from understanding your environment and how to predict likely industry trends.