Corporate foresight involves enabling a company to detect discontinuous change early, interpret consequences, and formulate effective responses to ensure long-term survival and success. A typical corporate foresight framework includes gathering information, gaining insights and implications of impacts, initiating responses, and embedding foresight into strategic decision-making and innovation processes. Building strong foresight capabilities involves practicing foresight methods, developing maturity in foresight competencies, and assigning different roles like innovation to the foresight function.