210 Navigating Strategic Decisions: The Power of Sound Analysis and Forecasting
the different phases of discoveries and innovations before they become widely known. The areas of
technology monitoring and tracking include the following:
1. Concepts, ideas, suggestions, and plans as well as research proposals and grants
2. Scientic ndings and laboratory reports
3. Announced eld trial results and commercial introductions
B. Network analysis. It is an extension of innovation monitoring used in exploratory forecasting,
which focuses on identifying opportunities that may result from applications of current R&D efforts.
It is also used in descriptive forecasting whose essence is to determine what research results are
necessary to realize a cer ...