Operating Your Business with Strategic Foresight

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Operating with Foresight: You Owe It to Your Business

Transcript of Operating Your Business with Strategic Foresight

Operating with Foresight:You Owe It to Your Business

Technology, companies, globalization our perception of world

is changing too quickly to

leave things such as your business to

chance.

Without foresight it is almost impossible to prepare for the future.

With foresight

Withoutforesight

Everything is changing at the speed of lightening

Technology, jobs, organizations, real-estate, human resources are all

shifting radically and swiftly

Making it very difficult to plan ahead and prepare for future challenges and opportunities.

We are living in a new economy – powered by technology, fueled by

information and driven by knowledge

Technology is allowing those who seize the moment to become innovative

and create their future.

By applying foresight to your business plan you are doing two key things

Protecting your business assets from any potential

danger

Staying alert to any possible opportunities that can enhance your company.

Those who lack foresight are most likely to unexpectedly find that their industry is lost to new

technologies

When a business lacks foresight it operates in the past, with no idea of what to expect in the future of their business

Apply Simple Steps to Your Foresight Strategy Such As:

• Be alert to trends with tools such as Trend Impact Analysis (TIA)

• Systematically scan search the internal and external environment (SWOT & STEEP) to understand the pace of changes and identify potential opportunities or challenges

• Incorporate anticipatory management this will give you the advantage which requires sophisticated intelligence

Can safeguard the future of your business

Strategic Foresight Planning