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Josef Hargrave

Global foresight manager

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An Introduction to Corporate Foresight

An Introduction to Corporate Foresight

Josef Hargrave
Global Foresight Manager
foresight@arup.com
+44 (0) 20 7636 1531

What is corporate foresight?

Foresight refers to a range of practices, methods, tools and techniques that help organisations actively explore, shape and manage the future. This includes understanding key drivers of change, possible projections into the future, and the implications of change on specific businesses, projects or contexts.

Foresight activities are not intended to predict the future with complete accuracy. Rather, they enable practitioners to explore plausible future, informed by current trends and trajectories as well as emergent signals of change. Foresight can be applied to a broad range of business contexts, including strategy, risk and innovation processes. The aim is to ensure that future opportunities are maximised and that risks are minimised.

In today’s increasingly complex and rapidly changing global environment, the goal of foresight is to explore plausible futures and to make better, more informed decisions in the present, that are underpinned by a robust understanding of the driving forces and factors shaping change. This document provides an introduction to corporate foresight, and covers some of the basic foresight tools and methods that help inform strategic thinking, innovation and project delivery.

This publication provides an introduction to the practice of foresight, including key principles and methodologies, and examples of application within the context of the built environment.