Risk management is codified by the International Organization for Standardization (ISO). It is aimed at any organisation concerned with risk, be it public or private (Sandrine Tranchard, “The new ISO 31000 keeps risk management simple“, ISO News, 15 Feb 2018). Its forebear is actuarial science, i.e. methodologies to assess risk in insurance and finance (e.g. […]
This article defines and briefly explains the various names and labels given to activities and practices anticipating or foreseeing the future. Indeed, from risk management to Strategic Foresight and Warning (SF&W) the field of anticipation includes many perspectives and practices centred on different themes. Meanwhile, various actors use different names for SF&W, or very similar approaches. It is thus important to clarify what various labels and names mean, even if borders between categories are often fuzzy.
Editorial – Information Wars – Information or more broadly belief-based wars seem to multiply right now, relayed by many official declarations, articles and analyses, although fortunately not all. This is a worrying phenomenon because it leads to direct polarization (enhancing feelings of threat, fear, “all because of an evil other that must be fought”) and to inaccurate analyses, which in turn also fuel polarization. Information wars: propaganda, biases and conspiracy theories We can see this phenomenon at work regarding Ukraine, Iraq, or, in a lesser way because the spotlight is not right now directed at this issue, China and the various disputes in the East and South China Seas. In Iraq, the way the al-Maliki government accuses Saudi Arabia to support ISIS, when actually a more […]
This second article on The Black Swan: the impact of the highly improbable by Nassim Nicholas Taleb emphasises some of the author’s points that are crucial for foresight and warning. Likewise, they are necessary for any work dealing with the future and its anticipation, from risk management to horizon scanning through early warning.
The methodology of SF&W and risk management allows addressing these points. They should become rules and principles all analysts follow. Indeed, without paying attention to them, good analysis is impossible. The first article on The Black Swan can be accessed here.
(Notably pp.190-200) Considering uncertainty, but also our imperfect condition of human beings, the complexity of the social world, feedbacks, our more than insufficient knowledge and understanding, we must ….