What is strategic foresight?Strategic Foresight is a process and a methodology of analysis. It seeks to anticipate the future, and to reduce the potential for …
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Category Archives: Definitions and process
A Short FAQ on Scenarios for Strategic Foresight, Early Warning and Risk Management
Question: “What is a scenario for strategic foresight, early warning and risk management?”
Answer: For strategic foresight, early warning, risk management or any anticipatory methodology, a scenario is a fictionalized narrative set at a specific time in the future.
It answers a question about the future.
It is grounded in a detailed analysis of this question….
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Multiplicating Crises: Strategic Surprises or Strategic Shocks?
(Art direction Jean-Dominique Lavoix-Carli using a photograph created by Pete Linforth) Over the last decades, strategic surprises have accumulated and accelerated rather than receded. They continue to do so. Most actors, from governments and international organisations to businesses through citizens seem to be constantly and increasingly surprised by events they fail to anticipate, and thus for which …
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What is an Issue in terms of Strategic Foresight & Warning and Horizon Scanning?
An issue, in terms of warning and by extension SF&W, is “a situation, an objective, an opportunity, a danger, a threat or a risk, which is specific and defined.” (Grabo, 2004) For example, SF&W issues can be interstate and civil wars, fragile states, instability, energy security, oil, economic crisis, global water security, epidemics and pandemics such …
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Why the COVID-19 is NOT a Black Swan Event
As the COVID-19 spreads throughout the world, its cascading and multiple impacts deepen. As a result, fear spreads. Meanwhile, finance and business firms now started promoting the idea that the COVID-19 epidemic was a “black swan event”. For example, Goldman Sachs, in its Top of Mind, issue 86 (February 28, 2020) featured an article titled …
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What is Political Risk?
Political risk is an idea many actors very often use. But what does political risk mean? What does political risk address? With the video below, we explain what is political risk. Meanwhile, we experiment with a new medium. We also test an approach through brief explanations of fundamental concepts and ideas. Let us know what …
Expressing and Understanding Estimative Language
When dealing with the future, we use a language that includes specific notions such as the expression of probability and of impacts. In terms of probability, for example, we use words such as “likely” and for impacts terms such as “severe”. Furthermore, to be truly complete, we should add a confidence judgement. As explained by …
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When Risk Management Meets Strategic Foresight and Warning
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. …
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Time in Strategic Foresight and Risk Management
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 …
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Strategic Foresight & Warning Analysis
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 …
