iNTRODUCTION AND BACKGROUND
What is foresight? How do we achieve it, and what do we then do with it to discover opportunities, mitigate threats and enhance long-term success? Corporations are faced with a world where the rate of change is increasingly rapid, where new threats and opportunities are emerging and where there is a radical reduction in the barriers to developing disruptive solutions. Forward-thinking companies such as GE say they are no longer worried merely about traditional competitors, but also about firms such as Uber
and Airbnb and how they will disrupt their businesses. The capability for developing foresight and leveraging it to create action and impact is arguably a must-have for remaining competitive and successful.
This KIN Forum on Foresight, sponsored by Zurich North America, was an invitation-only gathering of nearly 100 industry and non-industry leaders brought together to examine how corporate leaders can generate and leverage foresight and connect foresight to action and impact. Through a combination of expert speakers and participant dialogue, the group explored and discussed three major themes:
Mandate: What is foresight? Why is it so vital, and why now more than ever? How do we generate it?
Methods: How do we build foresight about the future of our business and/or market and move to action and impact? What are the tools, methods and leading practices?
Mindsets and Organization: How do we challenge conventional thinking, orthodoxies an assumptions? How do we build our organizational muscle for foresight?
To read a report summarizing the key insights that emerged from the keynote speakers, expert panels and KIN Forum participants, please download the report.
by Kara Voght, Medill School of Journalism, with Scott Bowman