Future-oriented innovations are innovative products as well as techniques, companies and businesses that improve the lives of people. They can fine-tune sectors such as healthcare and space technology or enhance a company’s ability to compete. To develop them, it requires many hours of work from different high tech technique stakeholders. It also requires a paradigm shift and a major epistemic awareness. It is also important for a company’s command lines and employees to be able to learning from long-term trends and be able to hear them.
Fear of the unknown, reluctance towards change and a focus solely on short-term rewards are the main obstacles that hinder future-oriented innovation. In the context of an organization, these obstacles can be overcome by encouraging the development mindset, fostering an environment of innovation and creating a high tech strategy sense of future goal for employees to strive towards. This is commonly called phronesis, which means that individuals require a reason to make the risky choices in their work and could result in higher retention rates for employees of companies with a future-oriented attitude.
It is becoming increasingly apparent that innovation ecosystems could benefit from an understanding of future possibilities. This could be accomplished by integrating foresight into the innovation ecosystem and extending the structural ties between research programs and strategic planning processes and enhancing the general awareness of possibilities by incorporating different perspectives into dialog. The foresight-wheel model is an approachological structure that can be used to meet these demands effectively and in a adaptable manner. This article presents a new approach to developing future-oriented innovation.