Future-oriented innovations encompass innovative products, companies and technologies that improve the lives of people. They can enhance areas such as healthcare and space technology, or enhance a company’s ability to compete. To create these, it requires a lot of work from a variety of high tech stakeholders. It also requires a paradigm shift as well as an epistemic consciousness. It is also important for a company’s command lines and employees to be able to learn from long term trends and listen to them.

Fear of the unknown, reluctance to change and a focus solely on short-term rewards are the main obstacles which hinder the development of future-oriented ideas. In an workplace, these obstacles can be overcome with the cultivation of a growth mindset and creating an environment of innovation. Employees will also feel inspired to work towards a goal for the future. This is known as the phronesis. It is the belief that people need an incentive to take risks in their work. It can result in higher retention rates for employees of companies click for more who have a future-oriented approach.

There is increasing evidence that innovation ecosystems could benefit from a better understanding of future possibilities. This can be accomplished through the integration of foresight into innovation ecosystems. This could be achieved by extending structural ties between strategy-building processes and research programs, and enhancing awareness of future options via dialog. The foresight-wheel model is a methodological construction that can be used to meet these demands with a practical and adaptable manner. This article outlines this new method for creating future-oriented innovations.