Horizon Scanning

Foresight Dictionary horizon scanning

Definition Horizon scanning is a systematic process used to identify emerging trends, risks, opportunities, and potential disruptions that could impact an organisation, sector, or society in the future. This involves collecting and analysing data from various sources to anticipate changes and prepare for possible futures. It is a key component in strategic foresight, helping decision-makers … Read more

Wild Cards

Definition Wild cards are low-probability, high-impact events that can significantly disrupt expected future scenarios. These unexpected occurrences have the potential to dramatically alter the course of events, often in ways that are difficult to predict or prepare for. Example The Fukushima Daiichi Nuclear Disaster (2011): While earthquakes and tsunamis were known risks in Japan, the … Read more

VUCA

Foresight Dictionary VUCA

Definition VUCA is an acronym that stands for Volatility, Uncertainty, Complexity and Ambiguity. It describes the characteristics of a situation or environment that make it difficult to understand and predict. VUCA highlights the need for agility, adaptability and resilience in the face of rapid change and uncertainty. It was coined 1987 by the USA Army … Read more

Sustainable Development

Foresight Dictionary Sustainable Development

Definition Sustainable development is an approach to growth and progress that meets the needs of the present without compromising the ability of future generations to meet their own needs. It balances economic advancement, social equity, and environmental protection. Example Curitiba in Brazil The city of Curitiba, Brazil, has been recognized for its sustainable urban planning … Read more

Wearable Technology

Foresight Dictionary Wearable Technology

Definition Wearable technology refers to electronic devices or gadgets that can be worn on the body, either as accessories, clothing, or implants. These devices typically have smart capabilities, such as connectivity to the internet or other devices, sensors to monitor user activities, or the ability to perform specific tasks like tracking health metrics. Example The … Read more

Quantum

Foresight Dictionary quantum

Definition In futures thinking, ‘quantum’ refers to the application of quantum physics concepts to understand and predict complex, interconnected systems and potential futures. It emphasises non-linear thinking, probability, and the idea that observing a system can change its outcome. Example Computing The development of quantum computing and its potential to revolutionize fields like cryptography, drug … Read more

Visioning

Foresight Dictionary visioning

Definition Visioning is the process of imagining and articulating a desired future state. It involves creative and strategic thinking to define long-term goals, aspirations, and outcomes for individuals, organisations, or societies. This process often informs planning and decision-making by providing a clear vision to guide future actions. Example In the 1960s, the NASA moon landing … Read more

Foresight

Foresight Dictionary Foresight

Definition Foresight is the ability to anticipate and envision possible future developments and trends. It involves identifying potential risks and opportunities to guide strategic planning and decision-making. Actually, more than just strategic planning, futures thinking is often called ‘strategic foresight’ – being more strategic than just considering the future and using foresight as embracing more … Read more

Complexity

Foresight Dictionary complexity

Definition Complexity refers to the state of being intricate, interconnected, or multifaceted. There are non-linear interactions and dynamic feedback loops. Complex systems cannot be easily simplified. It requires a systems thinking approach to understand and navigate. A complicated system however, is easier to reduce to a model or diagram. Example Poly Crisis Adam Tooze’s Poly … Read more

Trends

Foresight Dictionary trends

Definition Trends are patterns of change or development in a particular direction over time. Trend analysis is the practice of collecting information and attempting to spot a pattern, or trend, in the information. Example The rise of remote work is a significant trend that has been accelerated by the COVID-19 pandemic. Companies like Gallup have … Read more

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