Managing the development of high-tech enterprises based on foresighting

This paper examines the methodological concept of foresighting a strategy for the innovation development of high-tech enterprises operating within the real sector of the economy. The subject owes its relevance to the fact that traditional (classic) approaches to the strategic management of the operation and development of present-day enterprises within the high-tech sector are failing to align with the latest trends and cannot be used under conditions of non-linearity and stochastic changes within the framework of the current economic cycle and techno-economic paradigm. The inferences derived from this research study substantiate the advisability of using the methodological concept of foresighting for the purposes of strategic planning and managing the development of high-tech enterprises. Based on the findings of this study, the authors come to the following conclusions: foresighting is a relatively new tool for the strategic management of the innovation development of high-tech enterprises. That being said, considering that foresighting may involve the various public forces and employ the various channels for up-and-down communication between the entrepreneurial, scientific and public-governmental spheres, with decisions being focused on the long run, there is potential for a much wider scope of the search for and deployment of strategic benchmarks for the development of high-tech enterprises. The methodological concept of foresighting the innovation development of high-tech enterprises makes it possible to change the strategic adaptive approach to forecasting and planning their activity into the strategic constructive one. Sequential implementation of stages in foresighting makes it possible to determine the outline and alternative dimensions of the innovation development of high-tech enterprises through the use of special technology (horizon scanning and weak signal detection) and conduct the selection of promising projects, which, if implemented, will help achieve the goals set by the company.