Potentials of collaborative foresight for SMEs

Fast speed of changes induces all types of business enterprises, including small and medium enterprises (SMEs), to seek for instruments of innovation development. Foresight process is one of the most efficient methods of strategic planning that allows setting goals and estimating precisely the potential consequences of developing new technologies, products, and services. Taking into account SMEs features (resource limitations, scope and time horizon of foresight process etc.), while building innovation strategy and conducting corporate foresight, we propose collaborative foresight that allows overcoming these obstacles. This process has a synergetic effect not only on SMEs and its competitiveness, but also on region as a whole.