Integration of Trend Monitoring into STI Policy

P. 11–32.

Saritas O.

Monitoring trends is a key requirement for national and corporate policy makers to stay up-to-date with socio-economic and technological transformations, to anticipate emerging developments at the global and local levels, and to use this intelligence to prioritize areas for innovation and investment. This chapter aims at discussing how the results of trend monitoring can be integrated into the process of Science, Technology and Innovation policy formulation and business Research & Development planning processes. The chapter starts with an overview of the relevant innovation literature that gives a background in a broader theoretical context, where the technology monitoring activities can be better justified conceptually. This background provides to generate two models, which will portray positioning and functioning of Global Trend Monitoring in the policy and business planning process. Some practical aspects of how and in what form the results of Global Trend Monitoring should be provided to the target communities of policy makers and business planners are elaborated throughout the chapter.

Keywords: STI policy, innovation system, corporate strategy, trend, trend monitoring, R&D strategy

Publication based on the results of: Monitoring of global technology trends: development of approaches for computer-based trend identification (2016)

In book

Deploying Foresight for Policy and Strategy Makers: Creating Opportunities Through Public Policies and Corporate Strategies in Science, Technology and Innovation

Netherlands: Springer, 2016.