It doesn’t matter if it’s responding shifts in your industry or trying to take a longer-term approach altering the future direction of your company can yield significant advantages. Research has proven that businesses that have a strong focus on the future are more productive and innovating. To make your organization more future-oriented, you can help your staff and management to come up with new strategies and address processes to help your company prepare for the future.

The development of innovative technologies that are geared towards the future requires a dialogue-based approach to analyze business opportunities and potential barriers. This can be achieved by using a framework of futures literacy that includes knowledge of the future, futures awareness, and futures capability. Futures literacy refers to the capacity of an individual or a company to recognize, create and articulate futures and is based on the understanding that the creation and articulation of futures is an inter-disciplinary endeavor which involves multiple domains, spheres, and stakeholder. Futures awareness is the capacity to identify future possibilities. It is based on their view of the world.

In order to achieve future-oriented innovation, it is imperative to create products and services that enhance the lives of the people. These improvements are the result of collaboration between several high-tech procedure stakeholders, and require a comprehensive assessment of the current challenges and alternative options. This type of innovation also requires a complete epistemic understanding and the ability to listen to suggestions from the long term future.