Meaning ● Strategic Foresight Skills in the SMB context represent the ability to anticipate future business landscape shifts, specifically regarding growth trajectories, automation adoption, and strategic implementation. It’s about proactively identifying emerging trends and potential disruptions to capitalize on opportunities or mitigate risks, ensuring sustainable business success. It also entails constructing plausible scenarios regarding technological developments and market fluctuations to inform strategic decision-making within resource constraints typical for SMBs. Effectively, this empowers small business owners and managers to navigate uncertainty, optimize automation investments for efficiency gains, and adapt their implementation strategies with agility, ultimately driving growth even amidst competition. Foresight allows an SMB to avoid obsolescence in changing markets.
