Circular Economy

Foresight Dictionary circular economy

Definition A circular economy is an economic system aimed at eliminating waste and the continual use of resources. It involves reusing, sharing, repairing, refurbishing, remanufacturing, and recycling to create a closed-loop system, minimising resource inputs and waste, pollution, and carbon emissions. Example Make Fashion Circular The Ellen MacArthur Foundation’s work with the fashion industry is … Read more

Narrative Futures

Foresight Dictionary Narrative Futures

Definition Narrative futures is an approach in futures studies and foresight that uses storytelling and narrative techniques to explore, describe, and communicate possible future scenarios. This method leverages the power of stories to make complex future possibilities more accessible, engaging, and relatable to audiences. It combines elements of scenario planning, creative writing, and strategic foresight … Read more

The AI Advantage

In our household it is odd that the futurist (myself) is a late adopter and that my husband (who is a good deal older than I am) is the one completely up-to-date with new tech and specifically developments in AI. He takes me aside on occasion to let me know what I need to know … Read more

Moonshot Thinking

Foresight Dictionary Moonshot Thinking

Definition Moonshot thinking is an approach to innovation and problem-solving that aims for radical, transformative solutions rather than incremental improvements. It involves setting extremely ambitious goals that may seem impossible at first glance, and then working to achieve them through breakthrough technologies or novel approaches. Example Google’s Project Loon A real-world example of moonshot thinking … Read more

Post-Scarcity Economy

Foresight Dictionary Post-Scarcity Economy

Definition A post-scarcity economy is an imagined future where we can make almost everything in huge amounts with hardly any human work needed. In this kind of economy, stuff would be really cheap or even free for everyone. Things like advanced automation, renewable energy, and high-tech recycling are usually seen as the big factors that … Read more

Sensemaking

Foresight Dictionary Sensemaking

Definition Sensemaking is the process through which people interpret and give meaning to complex, ambiguous, or uncertain situations. It involves gathering information, identifying patterns, and constructing a coherent understanding of events to guide decision-making. In futures thinking, sensemaking helps individuals and organizations navigate uncertainty by creating a shared understanding of possible futures and the factors … Read more

Horizon Scanning

Foresight Dictionary horizon scanning

Definition Horizon scanning is a systematic process used to identify emerging trends, risks, opportunities, and potential disruptions that could impact an organisation, sector, or society in the future. This involves collecting and analysing data from various sources to anticipate changes and prepare for possible futures. It is a key component in strategic foresight, helping decision-makers … Read more

Wild Cards

Definition Wild cards are low-probability, high-impact events that can significantly disrupt expected future scenarios. These unexpected occurrences have the potential to dramatically alter the course of events, often in ways that are difficult to predict or prepare for. Example The Fukushima Daiichi Nuclear Disaster (2011): While earthquakes and tsunamis were known risks in Japan, the … Read more

VUCA

Foresight Dictionary VUCA

Definition VUCA is an acronym that stands for Volatility, Uncertainty, Complexity and Ambiguity. It describes the characteristics of a situation or environment that make it difficult to understand and predict. VUCA highlights the need for agility, adaptability and resilience in the face of rapid change and uncertainty. It was coined 1987 by the USA Army … Read more

Sustainable Development

Foresight Dictionary Sustainable Development

Definition Sustainable development is an approach to growth and progress that meets the needs of the present without compromising the ability of future generations to meet their own needs. It balances economic advancement, social equity, and environmental protection. Example Curitiba in Brazil The city of Curitiba, Brazil, has been recognized for its sustainable urban planning … Read more