Definition Nassim Nicholas Taleb popularised the term ‘Black Swan Event’ when referring to an unexpected, unforeseen event that has a huge impact. The metaphor of a black swan originated from the presumption that all swans were white, based on centuries of observation, until black swans were discovered in Australia, challenging the previously held assumption. Similarly, … Read more
Definition Anticipation in the context of futures thinking or strategic foresight refers to the ability to foresee and prepare for future developments, challenges, or opportunities. It involves analysing trends, identifying potential scenarios, and taking proactive steps to adapt or capitalise on them. Example Disney’s Theme Park Expansion: Disney strategically anticipates future trends in entertainment and … Read more