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Why Foresight is important

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Beyond Survival Kits: Humanitarian Aid Is Going Wireless, Communal, An. These amazing responses pose an interesting question: Do citizens want to respond to humanitarian events independent of large aid organizations or governments?

Beyond Survival Kits: Humanitarian Aid Is Going Wireless, Communal, An

In a more globalized world, are the needs of the citizens impacted by disaster more complex? Do they no longer fit the traditional approaches and assumptions that aid organizations tend to operate in? Just like every other industry, the international aid and development sector is being disrupted by the vast global transformations that are occurring all around us. Corporate foresight and its impact on firm performance: A longitudinal analysis. Ansoff, 1980 H.I.

Corporate foresight and its impact on firm performance: A longitudinal analysis

AnsoffStrategic issue management Strateg. Visualizer. Sprockler Visualizer. Presentation: Ten Year Futures — Benedict Evans. The Flare and Focus of Successful Futurists. The ability to plausibly forecast the future requires alternating between broad and narrow ways of thinking.

The Flare and Focus of Successful Futurists

How to build an alliance against corporate short-termism. Executives have more room than they realize to stand together with sophisticated investors to maintain focus on long-term value creation.

How to build an alliance against corporate short-termism

Public-company managers are quick to bemoan the pressures they face to emphasize short-term financial performance at the expense of long-term value creation. Depending on the day, they point the finger at a range of culprits, including market pressure, economic uncertainty, and investors. Where companies with a long-term view outperform their peers. Where companies with a long-term view outperform their peers Our new Corporate Horizon Index provides systematic evidence that a long-term approach can lead to superior performance for revenue and earnings, investment, market capitalization, and job creation.

Where companies with a long-term view outperform their peers

Corporate short-termism has been the subject of ongoing debate among leaders in business, government, and academia for more than 30 years, but hard evidence that short-termism genuinely detracts from company performance and economic growth has remained scarce. To fill this gap and better understand capitalism for the long term, we have created a systematic measurement of long- and short-termism at the company level. Our findings show that companies we classify as “long term” outperform their shorter-term peers on a range of key economic and financial metrics (exhibit). Corporate short-termism is a frustratingly slippery idea - Schumpeter.

AS AMERICA’S economy has misfired over the past decade, several grand theories have emerged about what went wrong.

Corporate short-termism is a frustratingly slippery idea - Schumpeter

Economists fret about secular stagnation, debt hangovers and whether demography explains sluggish growth. In American boardrooms, meanwhile, a widely held view is that a dangerous short-termism has taken hold. This theory contends that investors and executives have become myopic, leading firms to invest too little. Like many business ideas, short-termism fits the experience of some individual business people. But as a theory about how the economy works it is too nebulous to be much use. People have always worried that financial markets cannot see beyond their noses. Blog on evidence for scenario planning. How companies draw on science fiction. An overview of foresight methods. Why has the crisis been such a slog Look at the iPhone in your pocket. The Man Who Saw the Future. Using Scenario Planning to Reshape Strategy. The Flare and Focus of Successful Futurists.

The ability to plausibly forecast the future requires alternating between broad and narrow ways of thinking.

The Flare and Focus of Successful Futurists

Futurists are skilled at listening to and interpreting signals, which are harbingers of what’s to come. They look for early patterns — pretrends, if you will — as the scattered points on the fringe converge and begin moving toward the mainstream. Understanding Complexity – Erwin van der Koogh – Medium. One of the most important things to understand in modern business (and quite possibly life in general) is the concept of complexity.

Understanding Complexity – Erwin van der Koogh – Medium

While we use the words complicated and complex almost interchangeable in everyday language, they mean very different things. Let’s explore my favourite model on complexity called Cynefin. The end is not near. In Time’s Arrow, Time’s Cycle (1987), Stephen Jay Gould tells the story of one John Playfair, who in 1788 accompanied the great British geologist James Hutton to see an ‘unconformity’ at Siccar Point in Scotland.

The end is not near

With the help of this geological visual – an ancient erosion surface dividing two layers of rock, one gently sloping, the other vertically tilted – Hutton explained to Playfair that the Earth is a machine ceaselessly repeating a cycle of erosion, deposition, and uplift. Playfair later wrote: ‘The impression made will not easily be forgotten… Revolutions still more remote appeared in the distance of this extraordinary perspective. The mind seemed to grow giddy by looking so far into the abyss of time.’ Giddy. That’s how trying to penetrate ‘deep time’ has made people feel ever since its discovery, by science, a few hundred years ago.

The Flare and Focus of Successful Futurists. Finally, Evidence That Managing for the Long Term Pays Off. Companies deliver superior results when executives manage for long-term value creation and resist pressure from analysts and investors to focus excessively on meeting Wall Street’s quarterly earnings expectations.

Finally, Evidence That Managing for the Long Term Pays Off

This has long seemed intuitively true to us. We’ve seen companies such as Unilever, AT&T, and Amazon succeed by sticking resolutely to a long-term view. And yet we have not had the comprehensive data needed to quantify the payoff from managing for the long term — until now. New research, led by a team from McKinsey Global Institute in cooperation with FCLT Global, found that companies that operate with a true long-term mindset have consistently outperformed their industry peers since 2001 across almost every financial measure that matters. Unlocking Foresight. The Three Horizons of innovation and culture change. Corporate short-termism is a frustratingly slippery idea. AS AMERICA’S economy has misfired over the past decade, several grand theories have emerged about what went wrong. Economists fret about secular stagnation, debt hangovers and whether demography explains sluggish growth.

In American boardrooms, meanwhile, a widely held view is that a dangerous short-termism has taken hold. This theory contends that investors and executives have become myopic, leading firms to invest too little. MGI Measuring the economic impact of short termism. Being Bezos Or Babbage: Leveraging The Power Of Foresight. Speed Is Not A Strategy: Foresight, Strategy And Speed In A World Of Rapid Change.