Quantumrun Methodology
What is strategic foresight?
Strategic foresight is a discipline that empowers individuals and organizations with improved preparedness for the different futures they may experience in the near and distant future.
This discipline enables practitioners to identify the driving forces of change and disruption that will influence future events in a way that systematically reveals the possible, plausible, and probable futures that lie ahead but with the ultimate goal of selecting one preferred future to pursue strategically. The graph below illustrates the different futures that strategic foresight professionals attempt to explore.
Near-term reasons to use foresight
Production ideation
Collect inspiration from future trends to design new products, services, policies, and business models your organization can invest in today.
Strategic planning & policy development
Identify future solutions to complex present-day challenges. Use these insights to implement inventive policies and action plans in the present day.
Cross-industry market intelligence
Collect market intelligence about emerging trends happening in industries outside your team's area of expertise that may directly or indirectly impact your organization's operations.
Early warning systems
Establish early warning systems to prepare for market disruptions.
Scenario building
Explore future (five, 10, 20 years+) business scenarios that your organization may operate in and identify actionable strategies for success in these future environments.
Tech and startup scouting
Research the technologies and startups/partners necessary to build and launch a future business idea or a future expansion vision for a target market.
Funding prioritization
Use scenario-building exercises to identify research priorities, plan science and technology funding, and plan large public expenditures that could have long-term consequences (e.g., infrastructure).
The Quantumrun Foresight approach
Our international team of analysts monitors and reviews journals and research reports from a wide range of industries. We regularly interview and survey our large network of subject matter experts to gather on-the-ground observations from their particular fields. After integrating and assessing these insights inside the Quantumrun Foresight Platform, we then make informed forecasts about future trends and scenarios that are both comprehensive and multidisciplinary.
The result of our research assists organizations in the development of new or improved products, services, policies, and business models, as well as assisting organizations in deciding what investments to make or avoid in the near-to-distant future.
To illustrate our approach, the following process is the default methodology that the Quantumrun Foresight team applies to any foresight project:
Download Quantumrun Foresight's methodology
Click below to review our firm’s consulting methodology framework and service overview.
