Foresight can be described as the articulation of possible futures. It has a range of applications and is used with different methods, for different objectives and in different settings. Yet, anticipation in science and technology is not limited to foresight, but occurs in many more informal ways. This paper investigates the phenomenon that socio-technical developments are saturated with formal and informal anticipations and discusses the implications of this condition for foresight. The range of foresight studies is reviewed as well as the main results of the sociology of expectations, which studies the informal production and circulation of expectations in science and technology. Finally, three generic lessons from the sociology of expectations are derived, and it is discussed how these support or limit the ambitions of foresight.

Navigating foresight in a sea of expectations: lessons from the sociology of expectations

Corporate Foresight and its Impact on Firm Performance: A Longitudinal Analysis

https://isiarticles.com/bundles/Article/pre/pdf/43070.pdf

Integrated roadmaps and corporate foresight as tools of innovation management: The case of Russian companies

This paper looks at value creation from corporate futures research. Through a literature review, potential value creation is identified. This serves as guidance for an empirical investigation in which value creation is observed and linked to methods and practices. Using data from 20 case studies, three examples of value creation are discussed in detail. In addition, cross-case analysis allowed me to identify four success criteria for corporate foresight activities: (1) foresighters committed to creating value, (2) participation of internal stakeholders, (3) analysis that follows a systemic logic, and (4) methods and processes that are tailored to companies’ needs. The paper concludes with the recommendation to take a dynamic-capabilities perspective on future research into corporate foresight.

Exploring Value Creation from Corporate-Foresight Activities

From priority-setting to articulation of demand: Foresight for research and innovation policy and strategy

Achieving an impact on business decision-makers with foresight does not appear to be an easy task. Therefore, the Macro Trends team at Deutsche Bank Research has formulated some criteria to guide foresight projects. They should aim to produce plausibility, provide convenience and inspiration as well as an appropriate time perspective with regard to the content of foresight results. In addition, a structured way of producing and delivering foresight, a seamless inclusion in organisational procedures, a high level of interaction with decision-makers, ideational entrepreneurship, innovation regarding communication with business people, and persistence and synchronisation with the business organisation are the key criteria for achieving a higher impact from foresight projects. To live up to these criteria, the Macro Trends team has developed a ‘trend map’ which provides a conceptual aggregation of trends – to provide orientation for decision-makers and stakeholders.

Jan Hofmann

Papers

Improving the business impact of foresight

The effect of pursuing a gender-nontraditional profession on young newcomers' occupational self-efficacy via frequency of evaluative feedback