Future-oriented innovations are progressive goods companies, techniques and firms which can enhance the lives of individuals. They can datatraininst help improve areas like healthcare and space technology, or improve the competitiveness of a business. To create them, it takes a lot of work from various high tech technique stakeholders. It also requires a paradigm shift as well as a major epistemic awareness. It is also essential that a company’s command line and personnel to be open to learn from long term trends and listen to them.

The most common barriers to fostering forward-looking innovation are fear of the unknown or change, and a focus on short-term gains. In an workplace, these obstacles can be overcome with a growth mindset and an environment of innovation. Employees will also be motivated to work towards an end-point in the future. This is known as the phronesis. It is a belief that people require an incentive to take risks in their work. It can result in higher retention rates for employees of businesses that have a forward-looking approach.

There is increasing evidence that innovation ecosystems could benefit from a better understanding of the future possibilities. This can be accomplished through the integration of foresight within innovation ecosystems, expanding the ties between strategy-building processes and research programs, and increasing awareness of the possibilities for the future through dialogue. The foresight-wheel model is a methodology structure that can be used to meet these needs efficiently and in a adaptable manner. This article outlines a novel method for developing future-oriented innovations.