For more than 70 years corporate foresight has been helping organizations to lay their foundation for future competitive advantage. In this blogpost, I provide a brief recap on the history of corporate foresight, based on my article Corporate Foresight: An Emerging Field with a Rich Tradition where we provide an overview of the state of the art, major challenges, and identify development trajectories.
Before I jump into how the field evolved throughout history, let me start with defining corporate foresight.
“ Corporate foresight permits an organization to lay the foundation for future competitive advantage. Corporate Foresight is identifying, observing and interpreting factors that induce change, determining possible organization-specific implications, and triggering appropriate organizational responses. Corporate foresight involves relevant stakeholders and creates value through providing access to critical resources ahead of competition, preparing the organization for change, and permitting the organization to steer proactively towards a desired future. ”