Strategic Foresight

Strategic Foresight

Strategic foresight is the practice of thinking ahead, considering plausible futures and mapping out uncertainty. The use of strategic foresight tools, such as scenario planning, became more prominent for big business following the impact of the 1970s oil and energy crisis. Subsequently, events such as 9/11, the global capital market collapse in 2008, and the Arab Spring have all focused organisations and increasingly SMEs, on the need to pay more attention to plausible future scenarios. Today, most organisations, irrespective of their size or domain, must invest in strategic foresight capabilities if they are going to better illuminate the drivers of change.

Strategic foresight techniques not only help organisations make better decisions, but also help generate better situational awareness and enhance organisations’ capacity to perceive, interpret and respond to change.

By becoming comfortable with techniques such as scenario planning, horizon scanning, and cross-impact analysis, organisations can help steer themselves in a manner that reduces their chances of being exposed to emerging issues or the disruptive influences of non-business, geopolitical events.

CICM can help organisations review and improve their strategic foresight capabilities. It can help those organisations who may not have previously engaged in forecasting and futures techniques to enhance decision-making and map out uncertainty. Our aim through consultancy and training is to act as facilitators, ensuring that organisations acquire proficiency with futures techniques to help navigate through complexity and uncertainty, avoiding the dangers of group think.