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Posts Tagged ‘foresight’

Future Trends 2025: We need better foresight from our government

Wednesday, 26 November 2008 12:06 Written by Eric Garland 0 Comments

The following is a response to “Future Trends 2025″ from the Office of the Director of National Intelligence (http://www.dni.gov/nic/PDF_2025/2025_Global_Trends_Final_Report.pdf.)

Despite its goal of looking incisively at the next 17 years, its total inability to provide insight on the future is a danger to all of us. With our institutions failing at around one per week (!) it seems it’s time for a real discussion.

>>>>>>>>>>>>>>>>>

The meltdown of the financial system; the collapse of the automotive industry; the impending bankruptcy of several American cities — these events tell even the casual observer that our institutions are weak when it comes to the ability to perceive and act on future trends. Most people might say that this is part of the human condition, the result of our natural short-term thinking in a complex, rapidly changing world. But this shortcoming of foresight is reaching a dangerous level that can no longer be considered acceptable. We must develop an institutional capability in the public and private sector to have frank, courageous discussions about the implications of strategic trends – and the actions they require – if we are to guide our society safely and prosperously into the years ahead.

A recent release by the Office of the Director of National Intelligence shows how pervasive the lack of a professional method of foresight has become, even in the places where we expect it and need it most. The ODNI just published a report entitled “Global Trends 2025,” a major effort of the nation’s sixteen intelligence agencies and several think tanks, supposedly intended to inform the new presidential administration. Given the resources committed to such an endeavor, one would expect the project to be a tour de force of professional foresight, a foil for stimulating discussion among leaders everywhere. Instead it is a cautionary tale of group think, narrowness of scope, and faulty methodology.

The content of the work offers little insight for those would guide our institutions in uncertain times. The summary of these global trends is: “By 2025, the accelerating pace of globalization and the emergence of new powers will produce a world order vastly different from the system in place for most of the post-World War II era.” In other words, the next seventeen years are unlikely to be like the last sixty years. This is not exactly “actionable intelligence.”

The individual trends detailed in the report are just as weak, combining unexamined assumptions and sclerotic analysis. Other projections in “Global Trends 2025″: include:

• “Russia’s emergence as a world power is clouded by lagging investment in its energy sector and the persistence of crime and government corruption.” Poverty, lack of investment and corruption in Russia has been going on for about 1000 years. What’s new?

• “A worldwide shift to a new technology that replaces oil will be under way or accomplished by 2025.” This is wishful thinking at best. The International Energy Agency’s recent forecast sees fossil fuels continuing to supply the vast majority of the world’s energy through 2030. This report offers vague hopes for biofuels, and assumes oil will be on the way out – a canyon-jumping leap of faith.

• “The likelihood that nuclear weapons will be used will increase with expanded access to technology and a widening range of options for limited strikes.” This forecast has been written repeatedly, on a regular basis, for the past 50 years. What should we do differently?

• “The impact of climate change will be uneven, with some Northern economies, notably Russia and Canada, profiting from longer growing seasons and improved access to resource reserves.” This is a landmark entry in the annals of positive spin, and one that ignores that the most important part of global climate change will be the actions we take in response.

The bland, inaccurate and un-provocative content, shows that while these agencies go through the motions of a foresight methodology, they have lost the spirit of the exercise entirely. It was the threat of thermonuclear holocaust that led these very organizations in the 1960s to invent futures research in the first place. The tools of forecasting and scenarios were designed not for their capacity for prophecy, but to provoke an examination of our cherished – and potentially harmful – unexamined assumptions. To become lost in groupthink in 1960 was to perhaps lead our country aimlessly into nuclear annihilation. Foresight was intended to make us think while there was still time.

The DNI’s latest report seems to show that our intelligence agencies no longer study the future with rigor and intellectual stimulation as the goal. Instead, we see a view of the future that was agreed upon by committee: unoffensive, ambigious, and of minimal utility to leaders attempting to think deeply about the challenges to come.

A rigorous, courageous approach to foresight is no longer a luxury, reserved to times of plenty or relegated to philosophers. Leaders of all organizations – everywhere – must commit themselves to developing an organizational capacity to understand future trends, examine their impact completely, and to motivate others to action. To fail in this challenge is to continue to suffer the fate we see in our critical institutions today.

Check your assumptions – it appears to be the hot new style

Wednesday, 12 November 2008 09:27 Written by Eric Garland 0 Comments

How funny that the tools and principles of foresight are coming into vogue, this time without even the mention of a flying car or a rocket pack.

Take my friend Jim Cramer for example, host of CNBC’s Mad Money, textbook definition of an extroverted personality, and one of the greatest fund managers in history. Even he’s doing it. Last night’s show was entitled “Don’t Assume – You Know They Say,” and in it he spent the entire half hour inciting his audience to challenge all of their assumptions about the global economy.

You know, CRAZY intellectual exercises like challenging your assumptions about the price of oil around the global (under $60!), asking if America will have an automotive industry, wondering if the United States will keep taking cues from Evo Morales’ socialist administration in Bolivia. To play with the different possibilities that come out of each tweaked assumption – it’s a good practice for everybody.

Wait, if all the television hosts start thinking this way, what will we do for a living at Competitive Futures? I suppose I’ll go back to playing Latin music and enjoying our new intellectual Golden Age. For the moment, I think I’ll keep showing up at work.

American Society for Training and Development: “Future Leaders Now!”

Monday, 10 November 2008 12:01 Written by Eric Garland 0 Comments

This Thursday at 6:00 pm I’ll be speaking at the American Society for Training and Development’s local chapter meeting here in the Washington DC area. This influential group asked me to put together a program on the specifics of training leaders to think about the future, especially given all the new stuff happening at this moment in history. I’m quite looking forward to the discussion!

Are you in the DC area? If you want to come, just click here to sign up for the event. More info below.

Future Leaders Now!

November 13, 2008
6:00 pm – 8:30 pm

Hyatt Bethesda
One Bethesda Metro Center / 7400 Wisconsin Avenue
Bethesda, 20814 / ph: 301.657.1234

Unprecedented social trends on the horizon will make the profession of training and development more important than ever. Our institutions are faced with challenges with no parallel in history: shrinking water tables, global immigration, climate change, skyrocketing healthcare costs. The world needs leaders now, to do that which has never been done.

These leaders won’t just appear – the must be trained and developed. The need for education of new skills and mindsets is staggering. Even the needs are changing every day as the global economic system shifts before our very eyes. Join Eric Garland, a futurist and consultant to leaders around the globe, in a dialogue about how the training industry has the opportunity to shape our common future – and what you can do today!

As a result of participating in this engaging presentation you will:

  • Understand the worldwide professional demographic challenge
  • See the latest in global economic changes and their influence on the workplace performance industry
  • Preview the critical role that the workplace performance industry will play in shaping the future workforce

Business Week: The long-term future is the last refuge of a wrecked economy

Monday, 10 November 2008 08:55 Written by Eric Garland 0 Comments

For sometime I have been saying that we’re on the cusp of a wave of interest in the long-term future that is not driven by economic bubble or apocalypse per se. The normal cycle is that people are interested in the future when we’re inventing new technologies and profiting, or when we think we’re going to nuke each other. This time, perhaps for the first time, we’ve got a mix of both: technologies will likely be influential, the economy’s a mess, the world is largely peaceful, the climate is changing, etc. People are finally interested in the future not as a gimmick, but as the only way to wise management of public institutions.

Pretty cool.

The most recent edition of Business Week has a great example of this emerging mindset. Michael Porter, the intellectual godfather of competitive analysis, has written an article that is desperately needed today: “Why America Needs an Economic Strategy.”

You should read this in its entirety, but to sum up, Porter says that America has a lot of valuable assets, and no plan whatsoever for long-term prosperity. The United States has a great science and technology engine, the best technology transfer in the world, and a still-vibrant culture of entrepreneurialism. However, we are hobbled by our lacking social net, a mess of a public health system, decaying infrastructure, and creeping neo-mercantilism in the form of giant corporations that distort markets. The only way out is to think long-term, from small businesses up to national policy makers.

We couldn’t agree more! Too bad the economy had to be smashed into flints before we could notice it, but better late than never.

Common sense, key to clairvoyance

Thursday, 23 October 2008 16:21 Written by Eric Garland 0 Comments

Alan Greenspan is apparently shocked that the financial crisis was so broad reaching.

Greenspan also blamed the problems on heavy demand for securities backed by subprime mortgages by investors who did not worry that the boom in home prices might come to a crashing halt.

A quick question: did nobody in the banking industry stop to ask whether doubled home prices might cause a problem for future homebuyers?

Did they really think that Generation X and Y would start their lives with massive student loans and a $500,000 starter home?

Nobody even pondered whether doubling home prices would have a impact on other systems. All it would have taken is to talk with a young person and ask them if they can imagine purchasing such a home.

Not everyone is so blind to the broader implications:

“It wasn’t deregulation that allowed this crisis,” Rep. Tom Davis, a Virginia Republican said. “It was the mish-mash of regulations and regulators, each with too narrow a view of increasingly integrated national and global markets.”

Broad thinking is the answer. Short-term, parochial thinking locked in the current business model leads to missing even the biggest trends.

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About the blog

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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