The incredible and growing amount of information available nowadays presents us with specific challenges we need to overcome. Meanwhile, the rediscovery of propaganda and the power of rumours spread on social networks, now labelled “fake news”, only make more acute the need to find our way through the mass of information available. This is even… Read More
Foreseeing the future, whatever the name given to the endeavour, includes two major tasks.
The first one is, of course, the analysis, the process according to which the foresight, forecast, warning, or, more broadly, anticipation is obtained.
The second one is less obvious, or rather so evident that it may be overlooked. It is, however, no less vital than analysis. We need to deliver the output of the analytical process to those who need the foresight, the decision-makers or policy-makers. Ideally, the recipients must understand that output, because they will act on it. They need to integrate the new knowledge received in the decisions they will take.*
A huge challenge runs across these tasks: biases.
We must overcome the various natural and constructed biases – systematic mental errors – that limit human understanding. This article will present first the classical way we deal with biases: we consider them – quite rightly – as “enemies” and we devote much effort to mitigate them. Then, considering the specificity of the delivery stage, this article suggests that another strategy is necessary. We need to turn our usual strategy on its head and befriend biases. In that case, scenarios become a tool of choice for an enhanced delivery of our foresight to decision-makers […]
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…. Read More
From the corporate world to governments, we seek to escape uncertainty and surprises. This is crucial to survive and thrive. It is also necessary for the protection from threats, dangers and risks. As a whole and generally, our abilities – if not willingness – to identify threats has improved with experience and practice. Notably, we became relatively efficient in… Read More
Strategic Foresight and Warning (SF&W) is at once process and analysis. By SF&W analysis we mean all methodologies and related issues allowing for the development of an understanding grounded in reality that will generate best anticipatory products, useful to decision-makers and policy-makers for carrying out their mission (to find your way within the myriad of labels… Read More
Strategic foresight and warning or more broadly anticipation is a step by step process to anticipate the future in an actionable way. The graphic ideal type process displayed below is the result of more than a decade of work with and about systems of anticipation, from early warning systems to prevent conflicts for aid agencies to… Read More
(This article is a fully updated version of the original article published in November 2011 under the title “Creating a Foresight and Warning Model: Mapping a Dynamic Network (I)”). Mapping risk and uncertainty is the second step of a proper process to correctly anticipate and manage risks and uncertainties. This stage starts with building a model, which, once completed, will describe and explain the issue or question at hand, while allowing for anticipation or foresight. In other words, with the end of the first step, you have selected a risk, an uncertainty, or a series of risks and uncertainties, or an issue of concern, with its proper time frame and scope, for example, what are the risks and uncertainties to… Read More
[Fully rewritten version v3] To exist, risk and foresight products as well as warnings must be delivered to those who must act upon them, the customers, clients or users. These anticipation analyses must also be actionable, which means that they need to include the right information necessary to see action taken. Yet, if you deliver… Read More
Since the Islamic State declared a Khilafah on 29 June 2014, it carried out, worldwide, 6 attacks or series of attacks in 2014, which killed 2 and wounded 12 people, 23 in 2015, which killed 1020 and wounded more than 2171, 36 in 2016, which killed more than 1455 and wounded more than 3505 and so far 3 in 2017, which killed more than 109 and wounded more than 169 people, assuming all attacks are known and referenced as such (Wikipedia “List of terrorist incidents linked to ISIL“). As a whole, we thus faced 68 attacks, during which more than 2586 people lost their lives and more than 5857 were injured. Prospects for the near future look no less grim as reminded… Read More
With this article and the next one, we shall use the instability and conflict in Ukraine and the related impacts on businesses to continue enhancing our understanding of the way businesses and the corporate world could usefully anticipate or foresee geopolitical and political risks and uncertainties. Here we shall review two major impacts of the war in Ukraine. First we shall look at the surprising cost of sanctions related to Ukraine on businesses of sanctioning countries. Second, we shall move to the multiple impacts of the downing of Malaysian Airlines flight MH17. With the forthcoming second part, wondering how a firm could have avoided or to the least mitigated these impacts, we shall use what we learned to identify main lessons to improve strategic foresight and… Read More