Foresight and Scenarios

Foresight characterizes a set of practices aimed at preparing present actions through studies about the future.

Foresight focuses on different types of futures: possible, plausible, probable, and desirable or preferable futures. Foresight approaches rely on a wide range of methods and practices, which can be predictive, exploratory, or normative. There are several foresight methods (creativity, interaction, expertise, and evidence) that complement each other, and their use depends on the context and objective.

Foresight is an essential strategic tool for the decision-making processes of an executive committee (ExCom). By anticipating economic, societal, technological, and environmental developments, foresight enables leaders to develop robust strategies and identify long-term opportunities and threats. It helps the ExCom move beyond daily management by adopting a proactive vision capable of addressing tomorrow’s challenges.

By integrating foresight scenarios, the ExCom is better prepared to adjust its positioning, adapt its offering, and direct investments towards promising areas. Foresight also fosters a culture of innovation by raising teams’ awareness of emerging transformations, thereby facilitating the company’s continuous adaptation. In short, foresight guides the ExCom in making informed and resilient decisions, ensuring the organization’s sustainability and competitiveness in an ever-changing environment.

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