Definitions

Foresight is a rational, holistic, creative approach helping an organization today to prepare for tomorrow. Foresight is not a methodology predicting the future but an approach developing possible scenarios based on present information and analysis and future assumptions in alternatives based on creativity.

The task of a foresight expert or futurist is to facilitate a group of experts/decision makers to imagine possible futures and to create a sustainable and motivating vision, and a synthesis of the results, thus helping to make better strategic decisions.

Foresight is an innovative approach, opening horizons in order to imagine future changes. These futures inspire strategies based on future challenges and integrate the actors and stakeholders concerned.

Strategic Planning is a process to develop strategies achieving a defined objective in the future. Strategic Planning is very often a long-term planning process projecting actual activities into the future, describing their results in their corporate environment. Strategic planning aims at influencing the external world, mainly the markets.

Corporate Strategy, since the basic work of Michael Porter, also called Strategic Management, provides the overall direction of an enterprise and the methodological framework, comprising organizational objectives, strategies, policies and plans designed to achieve these objectives. The models developed for Strategic Management assist in better strategic decision making in the context of complex and competitive environments.