The Energy Future Foresight Playbook
Moving beyond strategy capabilities to gain advantage
This report discusses how the energy sector stands at a pivotal juncture, driven by the dual imperatives of meeting escalating global energy demands and transitioning to sustainable, low-carbon sources. It explores the critical role of future foresight in navigating the complexities of this transformation. By integrating foresight into strategic planning, energy companies can enhance their agility, innovation, and resilience, positioning themselves for long-term success in an increasingly volatile and dynamic environment.
Future foresight plays a pivotal role in managing the complexities of the energy sector. This report provides a detailed framework for adopting foresight to address current challenges and future uncertainties. By integrating foresight into their strategies, energy companies can secure long-term success, ensuring they not only endure but also prosper in an increasingly unpredictable and complex environment. The capacity to foresee and adapt to change is not merely advantageous; it is essential for leadership in this transformative era shaping the future of the energy sector.
In the energy sector, corporate longevity is increasingly a strategic choice rather than a given. Many organizations fall into the trap of short-term thinking, prioritizing immediate profits over long-term success and sustainability. The average lifespan of major corporations has dramatically decreased from 33 years in 1965 to an anticipated 12 years by 2027.
Corporate foresight involves recognizing early signs of disruptive change, understanding their potential business impacts, and developing proactive strategies for sustained success.
A typical future foresight strategy in an energy company is built around four key pillars to ensure strategic resilience and responsiveness to external changes. These pillars, as illustrated in the below figure, encompass the vision, mission, and strategic objectives necessary to cultivate a foresight-driven culture.
