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Posts Tagged ‘foresight’

The future is growing up

Friday, 04 February 2011 12:25 Written by Eric Garland 0 Comments

I’d like to underline the most important point from our podcast with World Future Society president Tim Mack yesterday. The study of the future is about fifty years old at this point, a fact that might escape you given the astonishment of major media every time they mention it. Futures is almost as old as most of the serious disciplines of modern management: market research, marketing/PR, some kinds of finance.

That said, the discipline is growing up rapidly. The point Tim Mack makes with such eloquence is that much of the interest in foresight during past decades came from technophilia and pure optimism. That is to say, people wanted to know about the future because of how much more awesome it would be, from a scientific and social point of view. This makes complete sense when you think of the number of people who died in childbirth, died from simple infections, suffered wildly during surgery, went hungry and then…didn’t. Every decade there were miracles that represented remarkable progress in the ability of the human race to control its environment and shape its own destiny. It would only stand to reason that one would expect the future to full of nothing but such success.

The past couple decades have been telling a different story. It is becoming increasingly clear that our modern technology and social outlook can produce failure and catastrophe right along side progress and miracles. Today, you must learn to study the future to appreciate its implications both good and bad. This is not as much fun as anticipating awesomeness. But so what – that’s life. Maturity is all about taking the good with the bad. If foresight is to be a serious discipline that provides real value, this must be its destiny.

And we’re getting there.

It could be the most important time to be part of this discipline.

Tim Mack: Where foresight is headed

Thursday, 03 February 2011 17:13 Written by Eric Garland 0 Comments

Tim Mack is president of the venerable World Future Society, the world’s largest group of people interested in and dedicated to the future. With somewhere around 40,000 members, you get a sense that there is a serious movement around foresight. The group has been around for almost fifty years, publishing magazines and journals, assembling international conferences and now engendering discussion in cyberspace.

In this episode, Mr. Mack talks about how the study of the future is growing up, moving from technopositive excitement about an ever-improving tomorrow toward a discipline that helps manage complexity and uncertainty in good times and in bad. We couldn’t have a better expert on the subject, so enjoy.

A brief history of the schools of futurist thought

Sunday, 19 April 2009 16:41 Written by Eric Garland 0 Comments

I found this gem on Slideshare, a wonderfully brief charting of the history of the world’s schools of futurist thought, from the 1920s to present day, courtesy of Portuguese analysts António Alvarenga and Paulo Soeiro de Carvalho. It’s great that they call out the French school from its European and US counterparts, as they do represent a very different approach to foresight. Some of the Asian school is missing, but given the lack of translation of Japanese, Korean, and Chinese documents to Western languages, this hard. If you speak Portuguese, you can probably work your way through French and Italian papers and journals, but the distance between English and Korean is significant indeed. Hopefully, one day we’ll have more communication between East and West when it comes to thinking about the future.

Brief History Of Foresight Futures Alvarenga Carvalho

View more presentations from paulocarvalho.

Interview for Korea’s KRX Magazine: Small, smart companies and more

Monday, 12 January 2009 12:38 Written by Eric Garland 3 Comments

With the release of Future, Inc. in Korean and Chinese, I’ve had the great opportunity to do interviews with Asian business magazines. I find that they ask more interesting, more insightful questions than many of their Western counterparts, so they are often fun interviews. The only problem is, once they are translated, I have NO IDEA what they said.

I just finished an interview with Korea’s KRX Magazine, which covers the Korean stock market and business in general, and I decided to post the whole text in English, so someone can appreciate it.

The questions:

Companies have hard time in business due to the global financial crisis. What new trends can we look for?

The most important trend is away from the philosophy of growth at all costs. For years, particularly in the United States, management has followed a typical playbook – get big, quickly, through borrowing money from private venture capital or public offerings. Then, you can go national or international, reaching bigger markets and gaining leverage over vendors and distributors. Once you have leverage over vendors and distributors, you cut costs by firing excess employees and force downward price pressure on the market. With the extra cash from operating expenses, you buy more national or international companies. For around forty years companies have repeated this formula.

The theme here was BIG BIG BIG. The problem with “big” is that it sometimes comes at the expense of “smart.”

Read more ...

Earthquake: General Electric no longer providing quarterly guidance

Wednesday, 17 December 2008 14:42 Written by Eric Garland 0 Comments

Amazing news that General Electric will no longer provide quarterly earnings guidance.

This is not just a decision by a public company to change its relationship to Wall Street, but a sign of a much bigger change in industry itself. It’s not just that people are going to take the longer view out of some appreciation of foresight or sudden development of wisdom, but out of respect for the massive changes currently facing global commerce.

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This is the official trend blog of Competitive Futures, a management consultancy that provides trend research and analysis for business and government around the world. Here, we update you on interesting trends we see as part of our work for our clients.


For managing partner Eric Garland's new author and speaker blog, please consult and bookmark http://www.ericgarland.co

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