Foresight is often undertaken when a country, region or organisation faces a specific challenge. The rationale for each individual Foresight exercise may therefore differ. Nevertheless, exercises often share certain common objectives.
To achieve its objectives Foresight implements a process of systematic reasoning which has certain typical characteristics. The exercise will lead to a number of tangible and intangible outcomes, and can also bring other benefits on various levels. However, Foresight has its limitations and cannot solve all a region's social, economic or political problems. Foresight is a tool for developing "visions", understood as possible future states of affairs that actions today can help bring about (or avoid).