Foresight

The notion of foresight refers to a process of not predicting the future, but to bring stakeholders together to consider what issues and drivers may contribute to the future of a particular industry and/or sector, allowing for a cohesive and coordinated approach and a commitment to action to most effectively deal with future challenges. The most common tools used in foresight are the Delphi Process, and the use of Expert Panels to obtain feedback from experts as to the future issues and drivers of an industry and/or sector. Scenario Planning is also used by many organizations, although its methodology and process differ slightly.