Strategic Foresight and Strategic Educational Entrepreneurship

Hence, all organizations should take strategic foresight seriously by understanding the variables to consider when conducting the business’ strategic foresight. The establishment of a business organization must rely on strategic foresight information as modern businesses are not only build on the provision of products or services for the current or existing market, but also for the future market (Hung, Lee & Wang, 2013; Durst et al. Business planning and strategic foresight may seem related concepts in the execution of business policies, but there exists as a thin line between the two concepts. While planning requires an entrepreneur to consider only the present factors affecting the organization to make decisions, strategic foresight seeks to evaluate the possible business conditions that the future holds before making a decision to implement policies in the present period (Vecchiato, 2015; Rohrbeck & Schwarz, 2013; Alizadeh et al.

In the trajectory of the current technology in business, entrepreneurs can take advantage of modern software to analyze variables and come up with accurate estimates of strategic foresight using past and current data about the business environment in which they operate. , Beynaghi, A. , Abolghasemi, M. , & Maknoon, R. An integrated scenario-based robust planning approach for foresight and strategic management with application to energy industry. Technological Forecasting And Social Change, 104, 162-171. Strategic foresight: how planning for the unpredictable can improve environmental decision-making. Trends In Ecology & Evolution, 29(9), 531-541. http://dx. doi. org/10. doi. org/10. 1016/j. techfore. 005 Hung, C. , Webb, J. , Fu, J. , & Singhal, S. A competency-based perspective on entrepreneurship education: Conceptual and empirical insights. Journal Of Small Business Management, 51(3), 352-369. org/10. 1111/jsbm. 12116 Raford, N.