The Big Picture – trends, drivers, wild cards, discontinuities and weak signals

Futures ◽  
2011 ◽  
Vol 43 (3) ◽  
pp. 292-312 ◽  
Author(s):  
Ozcan Saritas ◽  
Jack E. Smith
Keyword(s):  
foresight ◽  
2017 ◽  
Vol 19 (2) ◽  
pp. 152-173 ◽  
Author(s):  
Ozcan Saritas ◽  
Liliana N. Proskuryakova

Purpose This paper focuses on the long-term situation with water resources, and water sector in particular, analyzed through a Foresight study. The authors attribute particular attention to implication for Russia, which is relatively better positioned regarding the availability of water resources. However, the country still faces challenges related to the protection of water resources, drinking water supply, water networks, consumption patterns, water discharge, treatment and re-use. The present study aims at identification and analysis of trends, factors and uncertainties in water supply, demand, use and re-use with a particular focus on sustainability of water systems; water use by households and industry; and new water services and products. Design/methodology/approach Research methodology in this paper involves a horizon scanning exercise for the identification of the key trends, factors and uncertainties along with the identification of weak signals of future emerging trends and wild cards in the form of future surprises, shocks and other unexpected events that may disrupt the preservation of water resources and the future of the water sector. Trends characterize broad parameters for shifts in attitudes, climate, policies and business focus over periods of several years that usually have global reach. These are usually experienced by everyone and often in similar contexts. Trends may represent threats, opportunities or a mixture of them, identified through underlying processes, possible events and other future developments. Findings A key systemic restriction of water use for the next decades both globally and in Russia relates to competition between agriculture, energy, manufacturing and household water use. Given that the amount of renewable water resources is almost fixed and even decreases because of pollution, circular economy solutions for water use will be required. Implications of the global trends identified in the study for Russia are dependent on the overall situation with water resources in the country. Russia has sufficient water supply: the overall intake of water for drinking and economic purposes in Russia amounts to 3 per cent of the total water resources, two-thirds of which are discarded back to water bodies. At the same time, there are substantial problems associated with the extremely uneven distribution of water resources across the country, as well as high “water intensity” of the Russian GDP. The Russian water sector is currently not very attractive for investors. Moreover, it has significantly less lobbying opportunities than other infrastructure sectors, and this complicates its institutional and financial positions. Meanwhile, there have been some positive changes with regard to activities with a short pay-off period. Originality/value The paper offers one of the first studies on the future of Russian water resources with a focus on the water supply and sanitation sector. A comprehensive approach to trends identification (not found in other studies on Russian water resources) allowed authors to identify social, technological, environmental, economic, policy and value-related global trends and uncertainties. Moreover, implications of these trends and uncertainties, as well as Russia-specific trends, were outlined.


2020 ◽  
Vol 18 (4) ◽  
pp. 171-199
Author(s):  
Marta Gębska

The aim of the article is to present the results of research on the effects of the coronavirus COVID-19 on the economies of the Three Seas Initiative countries and to try to answer the question about the future of the Initiative. It was assumed that the development and future of this initiative, which is still shaping its identity, and the possibility of achieving its goals, will depend on the economic possibilities of the states that make it up and the decisions made by the heads of states. The analysis was based on the latest macroeconomic statistical data published by Eurostat and the IMF, concerning: GDP, industrial production, budget deficit, public debt, unemployment and inflation. The article outlines the genesis of the Three Seas Initiative and its goals, in order to explain its essence and assumptions. In order to assess the development possibilities of the Three Seas Initiative countries and forecast their economic security in the context of COVID-19, a simplified forecasting method was used, prepared by a team of researchers in a research grant, consisting in distinguishing global megatrends, the socalled wild cards, weak signals, and based on them, possible scenarios were created. They include a forecast of changes in macroeconomic indicators in the context of megatrends and conclusions on the future of the initiative. The scale of the virus’s destruction and its impact on the macroeconomic security of countries will depend on the number and intensity of successive waves of the pandemic, and on the degree of reveal of unfavourable phenomena (wild cards) and the intensity of phenomena currently observed in the form of weak signals. The political will of the leaders of states and the European Union to respect the debt limits set out in the Maastricht Treaty, as well as the will and real possibilities of launching development investments will also be important.


2018 ◽  
Vol 10 (1) ◽  
pp. 54-82 ◽  
Author(s):  
Yuan Qi ◽  
Petri Tapio

The future of businesses is not only orchestrated by emerging trends and megatrends but also to a greater extent struck by surprising events. With the accelerating presence of high-tech innovations and smart technologies, business activities are exposed to an increasingly volatile, uncertain, complex, and ambiguous environment. Any unexpected changes in the environment could lead to the malfunction or even collapse of a company, a business, or even an industry. Discerning the seeds of change and anticipating the potential disruptions in the external environment is a precondition for avoiding potential risks and threats. The present study contributes to the conceptual and methodological discussion of disruptive transformation by identifying, analyzing, and interpreting the potential disruptive factors in the external business environment. The venture is undertaken through the lens of probing into the dynamism of China’s e-commerce industry, considering its growing influence both domestically and abroad. Any unexpected disruptions would result in a significant ripple effect on interrelated businesses, industries, and even economies. The research adopts a combined mode of qualitative and quantitative methods in the form of horizon scanning and a Consumer Delphi study. Horizon scanning collects futures signals indicating the seeds of change (i.e., weak signals) and potential disruptions (i.e., wild cards), whereas Delphi study solicits the evaluations on the degree of likelihood and impact of the collected factors from an expert panel. As a result, twenty-seven potential disruptive factors are discovered, categorized, estimated, and discussed.


Futures ◽  
2004 ◽  
Vol 36 (2) ◽  
pp. 201-218 ◽  
Author(s):  
Sandro Mendonça ◽  
Miguel Pina e Cunha ◽  
Jari Kaivo-oja ◽  
Frank Ruff
Keyword(s):  

This paper describes a study that was conducted to assess weak signals and wild cards in the case of water services. It is argued that the potential of this approach lies in the practical application, not in scientific strict methodology and rigid interpretations of what weak signals and wild cards are. Thinking about weak signals and wild cards can be an essential part in strategic long-term thinking, help think differently, and in this way contribute to the future sustainability of water services.


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