Foresight

(noun)

The ability to accurately estimate future outcomes.

Related Terms

Examples of Foresight in the following topics:

  • Servant Leadership

    • Foresight: A servant leader understands intellectually as well as through intuition how the past, present, and future are connected and uses that knowledge to identify likely outcomes.

  • Speed of Innovation

    • Speedy innovation and moving first requires great foresight, planning, and managerial skill to execute effectively to minimize risks.

  • Strategic, Tactical, and Operational Control

    • These strategies and tactics are developed with the foresight of specific operational objectives, such as market share, return on investments, earnings, and cash flow.

  • Setting the Right Goals

    • Setting goals requires both the foresight to perceive future obstacles and a scale in which to measure and benchmark progress.

  • The Technology Life Cycle

    • By leveraging these models, businesses and institutions can exercise some foresight in ascertaining the returns on investment as their technologies mature.