Disruption

Foresight Dictionary disruption

Definition In futures thinking and foresight, disruption refers to a radical change that fundamentally alters existing systems, industries, or ways of living. It often involves the introduction of new technologies, business models, or societal shifts that render traditional approaches obsolete and create new paradigms. Example The Car A clear historical example of disruption is the … Read more

Inclusive Design

Foresight Dictionary Inclusive Design

Definition Inclusive design is an approach to creating products, services, environments, and experiences that are accessible and usable by as many people as possible, regardless of age, ability, or other factors. It aims to address diversity and eliminate barriers to participation, considering a wide range of human needs and capabilities throughout the design process. Example … Read more

Resilience

Foresight Dictionary Resilience

Definition Resilience is the capacity of a system, organisation, or individual to absorb disturbances, adapt to changing conditions, and recover quickly from setbacks. In the context of futures thinking, it emphasises the ability to remain functional and thrive amid shocks, stresses, and unforeseen changes. Example New Oreleans One of the most cited examples of resilience … Read more

Backcasting

Foresight Dictionary back casting

Definition Backcasting is a strategic planning method that starts with defining a desirable future and then works backwards to identify policies and programs that will connect that specified future to the present. It’s the opposite of forecasting, which projects current trends into the future. Example The Transition Towns movement, which originated in Totnes, England in … Read more

Trust Economy

Foresight Dictionary Trust Economy

Definition The trust economy, also known as the reputation economy, refers to an economic and social environment where trust is the primary currency. It’s a system in which individuals’ and organisations’ reputations and trustworthiness directly influence their economic opportunities and social interactions. This concept has gained prominence with the rise of digital platforms and peer-to-peer … Read more

Forecasting

Foresight Dictionary forecasting

Definition The National Hurricane Center’s forecasting of Hurricane Katrina in 2005. Their predictions, made days in advance, allowed for evacuation orders that saved many lives, despite the devastating impact of the storm. Example The National Hurricane Center’s forecasting of Hurricane Katrina in 2005. Their predictions, made days in advance, allowed for evacuation orders that saved … Read more

Continuous Learning

Foresight Dictionary continuous learning

Definition Continuous learning is the ongoing, voluntary, and self-motivated pursuit of knowledge and skill development throughout one’s life, both personally and professionally. It involves constantly acquiring new skills, knowledge, and competencies to adapt to changing environments and improve one’s capabilities. Example Google The tech company Google implements a continuous learning culture through its “20% time” … Read more

Agility

Foresight Dictionary agility

Definition Agility in the context of futures thinking and foresight refers to the ability of an organisation, system, or individual to rapidly and effectively respond to changes, challenges, or opportunities in the environment. It involves adaptability, quick decision-making, and the capability to pivot strategies or operations to maintain or achieve success in a dynamic landscape. … Read more

Knowledge Economy

Foresight Dictionary Knowledge Economy

Definition The knowledge economy refers to a system where the production and services based on knowledge-intensive activities contribute to an advanced proportion of economic growth and wealth creation. It emphasises the importance of intellectual capabilities rather than physical inputs or natural resources. Example Silicon Valley, California This s a prime example of a knowledge economy … Read more

Strategic Foresight

Foresight Dictionary Strategic Foresight

Definition Strategic foresight is a disciplined and systematic approach to exploring and anticipating potential futures to inform decision-making and strategic planning. It involves identifying emerging trends, uncertainties, and possible scenarios to help organisations or individuals prepare for and shape the future. Unlike traditional forecasting, which relies on predicting a single outcome, strategic foresight considers multiple … Read more