Unveiling the Future: The Business Case for Strategic Foresight
Our Strategic Foresight research gives our clients the ability to anticipate and navigate the uncertainties of tomorrow on a global scale, enabling them to adapt to change – and proactively shape their future trajectory.
The majority of our work is with innovation and insight teams that want to ensure strategies and developments succeed on a global scale, which naturally means they need to be effective in every region they operate in.
The Complexity and Benefit of Multi-Region Foresight Projects
Running multi-region Strategic Foresight projects comes with its own set of complexities and benefits. These projects involve gathering and synthesising insights from diverse markets, each with unique cultural, economic, and social contexts. The complexity lies in the coordination and integration of these varied insights into a coherent strategy.
For globally active businesses, however, it is vital to rise to the challenge of gathering input from all around the world, in order to avoid a disproportionately Western-centric viewpoint.
Multi-region projects provide a holistic view of global trends and their local implications, ensuring that strategies are both globally informed and locally relevant. This approach enables businesses to:
Gain Diverse Perspectives: Incorporate a wide range of insights, leading to more robust and innovative strategies
Enhance Cultural Relevance: Tailor products and services to meet the specific needs of different markets
Achieve Competitive Advantage: Stay ahead of global competitors by leveraging insights from multiple regions
Strategic Foresight: A Compass for the Future
Strategic Foresight is an invaluable tool if you want to move your business away from reactive business practices toward more pro-active strategic planning. It merges insight-driven foresight, trends, and future scenarios with your organisation’s unique proposition and strategic objectives, to reveal exciting new directions that cater to your future customers. Think of it as a compass that helps you navigate our ever-evolving world.
The advantages of incorporating Strategic Foresight into your research strategy:
Strategic Insight: Provides a future-facing framework for non-emergency decision-making
Growth Drivers: Offers a clearer picture of future growth drivers
Profitability: Unlocks new market opportunities to attract a broader customer base
Differentiation: Identifies unaddressed pain points or innovative solutions to existing issues
Brand Perception: Enhances brand reputation, maintaining a market-leading position
Innovation: Inspires the creation of future-focused innovations
Risk Mitigation: Keeps you informed about external forces likely to impact your business in the future
Two key services feature within intO’s Strategic Foresight offer: 1. Scenario mapping 2. Applied trends
Scenario Mapping: Navigating Uncertainty
Let’s begin with the challenge of uncertainty, as this is what keeps us anxious and awake at night, and is also where your next opportunity is waiting.
Scenario Mapping is an integral part of our Strategic Foresight offering. This tool supports businesses in navigating uncertain futures by anticipating changes, identifying growth opportunities, and shaping strategies that resonate with future users. By drawing on global insights from multiple regions and sources that are most relevant for your business, Scenario Mapping identifies and validates patterns and trends in consumer behaviour.
Our Scenario Mapping methods allow us to create visual representations of different plausible futures based on relevant factors and uncertainties. The benefits this offers include:
Opportunity Identification: Uncovers potential growth areas and new markets by exploring various future scenarios
Risk Mitigation: Anticipates and proactively addresses potential challenges, ensuring business resilience
Strategic Agility: Develops adaptable strategic roadmaps, positioning organisations to thrive in any future landscape.
Scenario Mapping is invaluable for strategic planning, risk management, and fostering a culture of innovation that empowers businesses to stay ahead of the curve.
Scenario Mapping Case Study: Kingfisher & the Future of Homes
UK, France, Poland, Romania
The opportunity
Kingfisher has over 1,300 retail stores across nine countries, and its brands include B&Q, Castorama, Brico Depot, and Screwfix. The ambition of this project was to support an aligned vision of the future of homes across category teams, which often work in silos due to the breadth and complexity of product ranging. Kingfisher sought a ten-year view into the future of homes, exploring how home improvement needs and behaviours are likely to change in their key markets. Ultimately, the strategic goal for Kingfisher is to avoid the cycle of reactive product development and continually develop a proactive and pioneering position in the industry.
Our approach
Our project with Kingfisher spanned 3 phases. Phase one involved foresight research into the future of homes, as well as curated conversations with 16 progressive users and nine industry experts across four regions. Phase two focused on synthesising our insights into future signals and presenting these to the stakeholder team. Phase three revolved around the creation and facilitation of a remote workshop to align 20 stakeholders around a future vision for product design at Kingfisher. Our ongoing work is concentrated on addressing knowledge gaps and validating progress.
The impact
Our work with Kingfisher developed rationales for long-term business growth activity with a roadmap focus of ten years, and our collaborative workshop developed a stronger sense of unity about future priorities amongst stakeholders. intO uncovered and distilled micro trends that will be relevant to the future of Kingfisher and the motivations of its audiences, and delivered both live and recorded bi-lingual presentations that can be revisited going forward.
Applied Trends: From Insight to Action
Our Applied Trends service goes beyond traditional off-the-shelf trend reports by identifying the strategic and practical implications of current and emerging trends in relation to your brand, business objectives and business contexts. This service is designed to support the design and development of future-facing products that meet evolving consumer needs and expectations.
Key benefits of Applied Trends include:
Tailored Trend Analysis: Customised reports tailored to your business
Market-Specific Recommendations: Understand which trends are most relevant to your audience and their implications
User-Centric Recommendations: Enhance the user experience by incorporating the latest trends in design and usability
Data-Driven Insights: Leverage quantitative and qualitative data from around the world to support trend identification and validation
Applied Trends helps businesses ideate products and services that resonate with future consumer preferences, market demands, and technological advancements, ensuring they remain at the forefront of their industries.
Applied Trends Case Study: IKEA for All Seasons
USA, Germany, China
The opportunity
In the realm of seasonal home accessories, there are different needs for different weather conditions, a huge range of product categories, and diverse cultural celebrations – as well as differences in how they are expressed – from country-to-country. For IKEA, this creates a near boundless set of opportunities, and the challenge of deciding what the strategy should be for developing seasonal offers across its global business.
Our approach
The foundational phase of this project included stakeholder interviews and knowledge share sessions, market analysis research, a sales data analysis and a hypothesis workshop held with the stakeholder team. Our mixed method research involved global trend research, digital diary studies and in-depth interviews with 30 consumers across the regions, desk research to explore seasonal market and product trends, and a quantitative survey with 1700 shoppers to contextualise our qualitative findings. Additional stakeholder sessions included a workshop that scrutinised commercial potential, a growth-planning workshop, and a delivery session that navigated our top-line findings and customer segmentations alongside the global report and each market-specific report.
The impact
This foundational research will influence the way seasonality manifests in the homes of IKEA customers. The project refreshed previous explorations into seasonality and uncovered new needs, desires, behaviours, and trends that showed how seasonality could be strategically embraced in the next three to five years.
A final word
For many of our clients, embracing Strategic Foresight is not just about preparing for the future—it’s about actively shaping it. With tools like Scenario Mapping and Applied Trends, intO empowers organisations to navigate uncertainty, drive innovation, and secure a competitive edge in an ever-evolving world.
If you’re ready to future-proof your business and lead your industry with confidence, drop me a line at [email protected]. Together, we’ll discuss your objectives and how, together, we can transform foresight into actionable strategies that will propel your organisation into a prosperous future.
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