The document discusses the concept of foresight in relation to identifying future opportunities and threats, emphasizing the need for systematic approaches to long-term planning in business and policy. It highlights the evolution of foresight practices since the 1990s, moving from narrow technology-focused approaches to incorporating socioeconomic dimensions and enhanced collaborative strategies. The text also outlines the limitations of foresight, underscoring that while it can improve understanding and facilitate collaboration, it cannot replace effective leadership or resolve significant political issues.