Keeping your Future, grounded to Reality
About once a week I get a call from a client or a media group asking if I can tell them what the future will be like. The conversation usually goes something like this – Me: can I ask what you’re trying to discover? Journalist: Oh you know, something really catchy, about how the world is changing and how we’re all struggling to keep up, that sort of thing’; Me: Is your audience interested in knowing how to check whether their assessment of the future is grounded in reality, or what they can do to make it reality?’; Journalist ‘Um, I guess but I was really after a few interesting facts…’. With the client calls the request can often be couched in a need for a ‘prediction’ of the future. The challenge is over the difference between a theoretical future and a strategic future.
With a Theoretical future, you get the big, exciting, techno frenzy world where everything is really cool, or disastrously bad. Journalists are ringing for a view of the future, they’re ringing to get you to do the creative thinking they couldn’t be bothered doing. With clients though, it’s more down to a misunderstanding between the difference of the theoretical future v Strategic Future approach.
The Strategic Future is about keeping your assessment in contact with the actions you are going to take tomorrow, to make the future you envisage more (or less) likely. It requires a different tool kit and a need for the Project team to be open to an answer they weren’t expecting.
A case study of sorts involves one client I worked with across a four year period. From the outset they told us what answer they were looking for. From the outset I kept saying ‘let’s see what the research uncovers’. In the end we identified three core opportunities for them. One was well outside what they expected and it was the single biggest opportunity that existed – it STILL exists a couple of years later, as an untapped one. The second was an opportunity that was the OPPOSITE of what their other internal research (from HQ overseas) had advised. In looking at much of the same data but adding one extra filter, we exposed the mythology. What was proposed was a theoretical future idea but in order for that to be a plausible one, almost all competitors would need to have vacated the market. The final one, and one they acted on, led to them NOT pursuing an idea that was well underway. It saved them any, many millions of dollars chasing a pipe-dream.
Strategic Futures is about taking action toward the world you want to create. It doesn’t offer a guarantee, yet through testing your views of the future, you can make a much wiser decision. Theoretical futures are often entertaining and eye opening. They just don;t lead to much change in behaviour. That’s why I don’t do them – I prefer working with people who want to make it happen, not just dream about what might happen. Journalists, please keep that in miond next time you call 🙂
In short – ‘No’. In days of yore manufacturing data meant jobs being done, employed people being paid, sales being made. But with robotics and off-shoring in many parts of Australian manufacturing, it’s no longer the value indicator it once was. In the US it is an even less reliable indicator because in the…
Read More >I’ve writen a fair bit over the years about the need to move futures thinking out of a theoretical approach and into a more applied model. Recently I’ve come off a 6 month project working with the Asian Productivity Organisation, an entity that brings together 20 member countries and their core government policy…
Read More >Every where we look we are being given clear signs of the blatant stupidity and arguably outright criminality of a toxic system of decision making. The Menindee Lakes and Darling River disaster is one example A couple of years ago I was invited to speak at a Private Equity conference at a lovely resort…
Read More >Every year I aim to identify what I think a major focus of the upcoming year will be and in that light I’m declaring 2019 the International Year of the Cooperative. I’m prompted by a multitude of signals that my daily research has uncovered, many of which will be familiar to you – Cost of…
Read More >Here we are with the last posting of the year looking at the potential for wide ranging strategy for a country like the United States. Arguably the United States is undergoing its own version of #Brexit though without the vote of the people. Instead the dictatorial nature of what I see as an incompetent strategic…
Read More >I’m reluctant to make predictions but am getting a few calls so: My tip is on a March 2019 election – the 9th or 16th But that will be an attempt to protect the existing NSW Government hoping that voters will have sufficiently vented. That said though, it also required a Federal Minoroty Government to…
Read More >The Asian Productivity Organisation has shifted gears from being a centre for member countries to talk about productivity, to one that now wants to upskills its member countries. We’ve just completed the first chunk of helping National Productivity secretariats to ready their staff for a more proactive, future facing approach to their Country’s development …
Read More >The question is, ‘how does the thinking inside this document stack up?’ Turns out, pretty good. What we spotted and what problems we said we’d have to watch out for, are just about spot on When it was discovered that the then Prime Minister Kevin Rudd was going to hold the Australia 2020 Summit,…
Read More >it’s OK not to know your career path when you leave university – sometimes that won’t emerge until much later down the track,” Barber says. “We should remind kids that the pathway they select to start off with is unlikely to be their final pathway, Was interviewed by #TheodoraSutcliffe who wrote this article for…
Read More >At a recent session with the Gen Y group working on the ‘Future Melbourne’ project for the City of Melbourne I suggested that the group consider what the result might be if they could ‘invert’ the way the State of Victoria operates. What would you be likely to see if more of the functions of…
Read More >