Scenario building, also known as scenario analysis, is a crucial methodology to anticipate and prepare for the future. This is a method used from risk management to strategic foresight through all anticipatory methodology. The higher the uncertainty, the more important it is to be able to mitigate risks to develop winning responses. However, it is […]
Every year, The Economist, in its “The World in…” series, assesses it successes and failures regarding its past yearly forecasts (e.g. for 2012). This is an exemplary behaviour that should be adopted by all practitioners: if we are to deliver good and actionable strategic foresight and warning, and to improve our process, methodology and thus our final products, then we should always evaluate our work. Having now completed our last series of updates on the state of play for the Syrian war, we can now start assessing how our own scenarios and indicators fared so far, if they need to be updated and the potential methodological improvements that we should endeavour. Evaluating the scenarios As the Geneva conference took place (see previous […]
2012 predictions (2) ZeroHedge, Globalization, The Decade Ahead, And Asymmetric Returns, 12/26/2011 ZeroHedge, Jim Rogers 2012 Outlook: Pessimism With Scattered Crises, 12/26/2011 Derek Abma on 2012 predictions by Douglas Porter, deputy chief economist with BMO Capital Markets, “Canada to avoid recession next year despite Europe,” The Vancouver Sun, Financial Post, December 26, 2011 Ryan Mauro, Top 12 Threats to Watch in 2012, Family Security Matters, December 27, 2011 Tony Karon, “If 2011 Was a Turbulent Year for Obama’s Foreign Policy, 2012 Looks Set to Be Worse,” (Survey of the top ten global crisis issues facing the U.S. in the new year), Time.com Global Spin, December 27, 2011. Moneycontrol bureau, “Keep your coats on! It’s going to be a stormy 2012,” (summary of financial and eco […]
The Economist shows the lead in a courageous yet hardly ever done exercise: going back to our own foresight and assess, in the light of the present, what was right and what was wrong. It provides us with an example of how such lessons learned could be endeavoured, underlines questions that should be asked and key challenges for anticipation, and exemplifies how biases can derail foresight.
The evaluation of our 2012 predictions’ sample underlines notably a widespread conventional view of national security, novel issues being ignored; a relative inability to assess timing whilst our understanding of issues fares relatively well; the existence of major biases, notably regarding China, Russia, and the U.S; the difficulty of prediction for novel issues and old issues in new context.
2012 predictions for conventional and unconventional national security Every year, a host of actors, from newspapers to magazines, from think tanks to futurists and other experts, publish predictions at the dawn of every New Year. The aim here is to create a repository of all the predictions done for 2012 that are directly or indirectly related to national security, as primary material for all those who would like later on to sort them, analyse them and finally test them. The section will be populated as forecasts and webpages are published and identified. You are most welcome to post a link to 2012 predictions you found or did in the comments. Please mention the origin, date, title and hyperlink. And to start with: The […]