Foresight

(noun)

The ability to accurately estimate future outcomes.

Related Terms

  • competitive advantage
  • demographic

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 budget constraint: balancing income, consumption, and saving across time

    • Foresight, self-control, habit, expectation of life, and or concern for the lives of others are the five personal factors that determine a person's impatience which in turn determines his time preference.
  • 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.
  • Entrepreneur assessment survey

    • Visionary - Possessing the ability to potentially define the future by making bold unsubstantiated predictions for new enterprises while utilizing a great deal of imagination and foresight in the process.
  • Bibliography

    • After more than a half a century in science I am unable to name another person who even approaches his incredible analytic ability and foresight.
Subjects
  • Accounting
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  • U.S. History
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