GLOSSARY OF FUTURE STUDIES GLOSSARY Studienauftrag des Planungsamtes der Bundeswehr 2 agent based modelling actor analysis models based on “interacting agents and what results from the interaction among those agents” Byrne (2002: 135) a relatively new computational modeling paradigm, is the modeling of phenomena as dynamical systems of interacting agents. Castiglione (2006: 1562) computer-based (multi-)agent models simulate actions and interactions of individual system agents in order to assess the theory’s combined effects on system configurations and functions Glaser et al. (2012) agents as “any object whose state can change in response to other system variables” Anderies (2002: 19) identifies important cultural actors (persons, institutions and organizations) who have an influence on the future of an organization. RAHS Methodenliste analyzes their goals and interests. recognizes key factors or catalysts for a trend. The identification of a key actor follows by mapping the actors through the coordinates of conflict and cooperation potential. application Application Software: Computer software designed to help the user to perform specific tasks Fundamentals of Computer Systems (2013) backcasting describes in hindsight how to reach an ideal, normative future. RAHS Methodenliste Turning around the causal logic working from the future to the past sharpens the understanding of the dynamic change of basic factors. black swans an outlier, as it lies outside the realm of regular expectations, because nothing in the past can convincingly point to its possibility Taleb (2008) carries an extreme impact in spite of its outlier status, human nature makes us concoct explanations for its occurrence after the fact, making it explainable and predictable brainstorming Serves as a creative method for the free association and collection of ideas and key points for one theme, before real research work begins. RAHS Methodenkatalog brainwriting A universal method to collect ideas for any given problem, whereby a key word is commented on in writing by all participants in a workshop one after the next to produce a final, pluralistic picture of the word. RAHS Methodenliste cross-impact analysis “method (…) to see how different trends or actions affect each other or to analyse the interrelationships between variables within the system” Lindgren et al. (2003: 152) FUTURE STUDIES – GLOSSARY Cross-impact analysis is the general name given to a family of techniques designed to evaluate changes in the probability of the occurrence of a given set of events consequent on the actual occurrence of one of them. The cross impact model was introduced as a means of accounting for the interactions between a set of forecasts, when those interactions may not have been taken into consideration when individual forecasts were produced. European Commission (2006) “involves cross-tabulating possible events on a matrix that allows the interaction between every pair of events to be reviewed” Hooley et al. (2008: 197 f.) three forms of impact can be evaluated (impact, timing, probability) decision matrix related to the assumption of “cyclic fluctuations in the economy and other spheres of the society’s activity” Yakovets (2006: 3) serves the systematic composition and analysis of decisionmaking options and their implications. RAHS Methodenkatalog presents rules for hierarchical or causally-connected decisionmaking. can be one component of decision-making software. “the objective is (…) the reliable and creative exploration of ideas or the production of suitable information for decision making (…) based on a structured process for collecting and distilling knowledge from a group of experts by means of a series of questionnaires interspersed with controlled opinion feedback” Ziglio (1996: 3) “considered especially useful for long-range aspects (20 to 30 years) as expert opinions are the only source of information available for this time horizon” Cuhls et al. (2002: 13) future measures are estimated by asking a group of experts to make estimates, recirculating the estimates back to the group, and repeating the process till the numbers converge Aabo et al. (2005: 21) database An organized collection of data which is accessible for software through a defined API Howe (2010) demonstrator a product (as an automobile) used to demonstrate performance or merits to prospective buyers Merriam Webster Dictionary delphi method a person who engages in a public demonstration 4 dimensional analysis discontinuity environmental impact assessment environmental scanning “a technique that is commonly used in physics and engineering to reduce the number of independent degrees of freedom by taking advantage of the constraints imposed by dimensionality (…). The idea is to write down all the factors that a given phenomenon can depend on, and then find the combination that has the correct dimensions.” Farmer et al. (2006: 141) Dimensional analysis produces relations between variables that are particularly useful when a ‘formal’ analysis is not available. Its highly valuable strength is to be the support of experiment, through checks on the validity of experimental design, in the ordering of the experimental procedure, by the enabling of a synthesis of empirical data and in making feasible some experimentation; in all these it is a very powerful tool. [...]The vital initial step to precision is the correct formulation of the physics of the phenomenon being studied. Gibbings (2011: vi) “Fundamental relationships are dimensionally consistent and unit-free. The central idea of dimensional analysis is that those can always be expressed as relationships between dimensionless groups.” Palmer (2008: 38) major, drastic shift in a trend which cannot be accounted for by normal variation University of Arizona (2013) event that cannot be shown by trend analysis Millett (2011: 41) “a procedure for assessing the environmental implications of a decision to enact legislation, to implement policies and plans, or to initiate development processes” Wathern (1998: 3) focus on cumulative (direct and indirect) impacts, thereby encompassing the totality of impact to the affected source Ecclestone (2011: 1 ff.) principles relating to the main activities of Environmental Impact Assessment: prediction (direct/indirect impacts, cumulative effects, crosssectorial linkages), risk and hazard assessment, monitoring, evaluation, communication Morgan (1998: 28) “study and interpretation of political, economic, social and technological events and trends” Kroon (2004: 76) systematic search of current developments, usually through detailed review of selected formal and informal publications, of current developments and trend shifts that suggest that future changes may be brewing Millennium Project (2013) defined as continuous, exploratory, and holistic process Goyal (2006: 32) FUTURE STUDIES – GLOSSARY event sequence analysis sequence analysis as “analysis of categorical sequences of events to model entire event history career trajectories (…) concerned with the order in which events occur and the transition mechanisms between additional states” Mills (2011: 213 f.) key steps: describing, visualising, and comparing key sequences, grouping into clusters, associating patterns with other variables within regression models Hand (2001) an analysis of a sequence of events that describes how things change over time Van de Ven (1992) analysis of developments over time rather than causal combinations among factors event tree “an event tree is a graphical representation of the possible outcomes of an incident that results from a selected initiating event” Crawley et al. (2003: 39) extrapolation extend the application of (a method or conclusion) to an unknown situation by assuming that existing trends will continue or similar methods will be applicable Oxford Dictionary “estimating a probable figure for the future” Aggarwal et al. (2010: 3 f.) estimating a value that lies outside a known series by considering the assumption of “no sudden ups and downs” and “regularity or uniformity of changes” through extrapolation of data into future forecasting, “future estimates can be made on the basis of available data” field anomaly relaxation method “forecasting methods where only past values of a variable (and possibly time itself) are used to forecast future values” Albright et al. (2011: 735) “the drawing of a conclusion about some future or hypothetical situation based on observed tendencies and maintained assumptions” Manski (2013: 31) scenario approach with “a backdrop of internally consistent futures as contexts for policy formulation and decision-making (…) potentially applicable for broader policy-making and decision analysis (…) by providing consistent and coherent views of the future” Faulkner (2003: 321 f.) scenario options which exhibit inconsistencies, anomalies, or infeasibilities are discarded at every stage of the scenario building process, future options “must be relatively coherent and internally self-consistent if they are to stand as plausible alternative conditions with the chosen social field” Rhyne et al. (2008: 74) 6 Fifth Scenario compares a set of exploratory scenarios with a further normative, ideal future scenario. The future desired scenario stems from a combination of positively evaluated elements (a projection of key factors) from the explorative initial scenario. RAHS Methodenliste The term “Fifth Scenarios“ stems from the angloAmerican future studies field in which generally four scenario alternatives are explored. Five Future Glasses serves to analyse future-oriented concepts from different angles. RAHS Methodenkatalog the first set of glasses stands for a neutral, fact-based view of the topic; the second set of glasses stands for a subjective perspective and tries to produce an analysis based on personal and professional experience; the third set of glasses focuses on negative aspects of the topic; the fourth focuses on only positive aspects; the fifth looks at the exploration of new perspectives and the development of ideas for further development. future news a method of communication and multiplication that appears in the trend or scenario-based process results. RAHS Methodenkatalog is reported in the form of a fictional newspaper, radio, or TV report or other media format from current events at a defined future date. force-field analysis application of field theory through an analysis “that provides a framework for looking at the factors (‘forces’) that influence any given situation” Rock et al. (2009: 404) “technique for looking at all the forces for and against a decision” forecasting conceptualization of a stable situation as “forces pushing (in favour of) change balanced by those restraining change” Rollinson (2008: 643) attempt to “predict the future by using qualitative or quantitative means” Lucey (2002: 169) “a process that has as its objective the prediction of a future event” Flores (2000: 235) “includes the analysis of historical information with the purpose of identifying the characteristics for forecasting” technology forecasting: This means making base forecasts for major forms and end-uses of a certain product for each country, and subsequently aggregating them to provide a more reliable estimate for total world demand. Rockfellow, John (1994:47) FUTURE STUDIES – GLOSSARY foresight Synonym for future studies describing activities as critical thinking concerning long-term developments, debate and effort to create wider participatory democracy, shaping the future especially by influencing policy making Universität der Bundeswehr foresight process Elements of a successful foresight process: Horton(1999: 5) Phase one comprises the collection, collation and summarization of available information and results in the production of foresight knowledge. Phase two comprises the translation and interpretation of this knowledge to produce an understanding of its implications for the future from the specific point of view of a particular organization. Phase three comprises the assimilation and evaluation of this understanding to produce a commitment to action in a particular organization. future studies Possible stages of forecasting: formulate problem, obtain information, select methods, implement methods, evaluate methods, use forecasts Armstrong (2001 : 8) Z-punkt refers to the foresight process as “Prozess des Trendmanagement” which aims at the “continuous identification, rating, documentation and interpretation of trends in the own environment”. Fink, A. et al. interdisciplinary approach to “gaining understanding of how today’s conditions and trends will likely shape the future (…) and how the future conditions could be shaped by policies and actions taken (…) today” Getz (2007: 120) study of collecting data and making predictions based on data collection Lombardo (2008: 147) study of facts (trends, patterns of change, people’s belief systems) contains various competing explanatory theories futures triangle way to explore the possibilities and preferences of the future Lnayatullah (2002) triangle consists of three dimensions (pulls, pushes, weights) as organizing methods to identity and discern plausible futures futures wheel “special technique to organize speculation about and exploration of the future by a group (…) interpreted as a structured brainstorming” several possible outcomes are listed around the starting event as spikes of a wheel in order to evaluate further possibilities Toth (2009: 189) 8 game theory concept describing structural components of biological and social systems as “own” entities but parts of a larger whole at the same time Koestler (1978) game theory reflects calculated circumstances, also called games, where a person's success is based upon the choices of others. It is mainly used in economics, political science, and psychology. Carmerer (2011) designed to investigate contests where an individual does better at the cost of another player, also called "zero-sum" games, game theory applies a wide range of class relations, and has developed into an umbrella term for the logical science, to include both human and non-human decision theory holon “self-similar or fractal structure that is stable and coherent and that consists of several holons as substructures and is itself a part of a greater whole (…); multiagent holons are observable by communication with their representatives” Schillo et al. (2004: 69) horizon scanning systematic examination of potential threats, opportunities and likely future developments across an extensive range of domains, not restricted to those at the margins of current thinking an planning. Horizon Scanning Center, National Security Coordination Secretariat may explore novel and unexpected issues, identifying emerging risks and wild cards. By establishing a process of acquiring, analyzing and communicating information, horizon scanning servers to improve the robustness of an organization’s policies and evidence base for enhanced strategic anticipation. incasting the systematic search for potential threats and opportunities that are currently poorly recognized Sutherland et al. (2009:523) deductive method within future studies: set of particular predetermined images of the future from which several alternative futures scenarios for the object of research are being deduced Del Pino (2002: 291) to “imagine,” to live in particular future scenarios, and work through its implications index a number (as a ratio) derived from a series of observations and used as an indicator or measure Merriam Webster Dictionary something (as a physical feature or a mode of expression) that leads one to a particular fact or conclusion a device (as the pointer on a scale or the gnomon of a sundial) that serves to indicate a value or quantity indicator a thing, esp. a trend or fact, that indicates the state or level of something: “an indicator of affluence”. Merriam Webster Dictionary FUTURE STUDIES – GLOSSARY a device providing specific information on the state or condition of something, in particular. integral futures integral futures is, in essence, a perspective, a way of understanding and operating, it is also true that the new breadth, depth, range and coherence that it encourages also lead directly not only to ‘refreshing’ earlier methods, but also giving birth to quite new ones. Slaughter (2008: 107) understanding of the Integral perspective provides a welcome boost for understanding, promoting and applying foresight work in general, and especially progress toward the widespread implementation of social foresight. four “irreducible” perspectives (subjective, intersubjective, objective, inter-objective) Bishop et al. (2012: 105 ff.) holistic approach leading to broader and deeper futures thinking Interface A key principle of design is to prohibit access to all resources by default, allowing access only through well-defined entry points, i.e. interfaces. Bill Venners (2005-06-06) “This principle is really about dependency relationships which have to be carefully managed in a large app. […]Once you depend on interfaces only, you’re decoupled from the implementation. That means the implementation can vary, and that’s a healthy dependency relationship.” key factors the place at which independent and often unrelated systems meet and act on or communicate with each other Merriam Webster Dictionary “There are a number of situations in software engineering when it is important for disparate groups of programmers to agree to a ‘contract’ that spells out how their software interacts. Each group should be able to write their code without any knowledge of how the other group's code is written. Generally speaking, interfaces are such contracts.“ Oracle Java Tutrorials are central factors that will drive future development Kosow (2007) central factors which together form a description of the scenario field while also having an impact on the field itself and/or serving as means for the field to have an impact on the world around it. Key factors are thus those variables, parameters, trends, developments, and events which receive central attention during the further course of the scenario process. lagging indicator “a variable that changes after real output changes” Boyes et al. (2008: 163) 10 opposite of a leading indicator (usually referred to in economics) leading indicator leading indicators is a model-based approach to forecasting originating in economics. Leading indicators are used as predictors in connection with a target variable that is led by a single leading indicator or a combination of leading indicators, ideally with a constant lead time, and are thus systematically able to "anticipate peaks and troughs in the target variable" In political science, leading indicator approaches to forecasting have also been used in connection with qualitative variables, for example in explaining the occurrence of complex social phenomena such as war macrohistory method Marcellino (2006: 881) Hunt (1997) the study of history on the largest scale (over centuries and within broad patterns) Audience Dialogue (2007) gives structure to various visions of futurists by providing an “overall-framework” on past, present, and future Lnayatullah (2009) a systematic procedure, technique, or mode of inquiry employed by or proper to a particular discipline or art Merriam Webster Dictionary a way, technique, or process of or for doing something “Methods operate on an object's internal state and serve as the primary mechanism for object-to-object communication. Hiding internal state and requiring all interaction to be performed through an object's methods is known as data encapsulation — a fundamental principle of object-oriented programming.” Oracle Java Tutorial module An Abelian group with the distributive action of a ring. A module is a generalization of a (linear) vector space over a field K, when K is replaced by a ring. Encyclopedia of Mathematics morphological analysis study of the shape and arrangement of parts of an object, and how these parts conform to create a whole. “Objects” in question can be physical objects (e.g. an organism or an ecology), social objects (a social system of organisation) or mental objects (e.g. word forms, concepts or systems of ideas) Ritchey (2002: 1) a way of looking at the future by dividing it into logically exclusive possibilities open space a place stocked with needed materials, provided for large groups to present ideas without formal requirements. The most interesting applications are then the basis for discussion groups. RAHS Methodenliste FUTURE STUDIES – GLOSSARY path dependence “Most generally, path dependence means that where we go next depends not only on where we are now, but also upon where we have been” Liebowitz et al. (2000: 981) PINCHASTEM a mnemonic summarizing the different kinds of drivers that cause change. The sequence of letters has no particular meaning, except to help remember the concepts Audience Dialogue (2007) P (political, governmental), I (information, communication, media), N (natural, macroenvironmental), C (conflict), H (health, biological, micro-environmental), A (artistic, cultural, recreational), S (social), T (technological, mechanical, electronic), E (economic), M (moral, ethical, religious) similar acronym to “STEEP”, but more comprehensive version plausibility matrix a matrix connected with scenarios which illuminates the plausibility and the meaning of scenarios from the perspective of different stakeholders and actors. RAHs Methodenliste prediction “a confident statement about a future state of affairs” Slaughter (1993: 293) predictioneering method based on game theory models addressing complex problems ranging from world and security challenges to personal issues. De Mesquita (2010) leveraging the core game theory concept of selfinterest to predict human decision-making. The theory and application assumes human decisionmakers will always act in their self-interest. Given this assumption, we can look forward and reason backward through a series of decision steps or iterations to understand what any given player within a game simulation will choose to do. process “A process is a set of activities that are interrelated or that interact with one another. Processes use resources to transform inputs into outputs. Processes are interconnected because the output from one process becomes the input for another process. In effect, processes are ‘glued’ together by means of such input output relationships.” ISO 9001:2000 prognosis a set of expectations for a future that seems likely to occur. A prognosis would be less certain than a prediction but more certain than a forecast Audience Dialogue (2007) projection prototype an individual that exhibits the essential features of a later type scenario of change ebased on any arbitrary set of assumptions; usually associated with extrapolation of trends Long et al. (1987: 142) Merriam Webster Dictionary 12 an original model on which something is patterned (archtype) resilience the capacity of a system, enterprise, or a person to maintain its core purpose and integrity in the face of dramatically changed circumstances Zoli (2012) risk effect of uncertainty on objectives ISO 31000 (2009) /ISO Guide 73:2002 (Exposure to) the possibility of loss, injury, or other adverse or unwelcome circumstance; a chance or situation involving such a possibility. Oxford English Dictionary quantified uncertainty Frank Hyneman Knight (1921) risk assessment risk assessment has been suggested as a general term for the incorporation of risk concepts into decision making, and has been defined as occurring in two stages; risk estimation and risk evaluation. Otway, H. J., Pahner, P.D. (1976: 124) robustness test The robustness of scenarios can be tested by confronting them with Wild Cards. RAHS Methodenliste social impact assessment “defined as the process or estimating, in advance, the social consequences that are likely to follow from specific policy actions or project development, particularly in the context of appropriate national, state or provincial environmental policy legislation” Vanclay (2003: 1) s-curve a bounded differentiable real function that is defined for all real input values and that has a positive derivative everywhere Han et al. (1995) also called “Ogive” or “Sigmoid” curve; a mathematical function having an “S” shape Institute for Objective Measurement (2013) refers to a brief description of a possible future Audience Dialogue (2007) scenario “chain scenario” as description of the route from now to a possible future. Unlike a forecast, which predicts future values of a few specific variables, a scenario is more descriptive than numerical a tool for ordering one’s perceptions about alternative future environments in which one’s decision might be played out right Lindgren et al. (2003) an intentionally consistent view of what the future might turn out to be Lindgren et al. (2003) FUTURE STUDIES – GLOSSARY scenario learning Scenario learning works best when there are a number of alternative scenarios to consider, thus allowing us to assess different possible futures. Loader (2008) Scenarios are more than just tools for our learning; they’re a stimulus for action and they empower us by inviting us to take more control of our future. Thinking about future possibilities can generate sensitivity to possible changes and their implications much earlier in the change cycle. scenario monitoring The continuation of a scenario process in which the usefulness of the scenario is tested to see whether it still has current value or whether a new scenario portfolio needs to be constructed. RAHS Methodenkatalog The timeliness of the development of the indicators determines whether the scenario has a chance of actually happening or not. scenario planning; a disciplined method for imaging possible futures in which organizational decisions may be played out Lindgren et al. (2003) part of strategic planning that relates to the tools and technologies for managing uncertainties of the future three main uses for scenarios: (1) use them to make strategic plans; (2) focus on the learning process among the people who created the scenarios; or (3) a combination of both. scenario writing telling a story based on scenarios which makes it understandable for a targeted group. This can occur as a story, film or other type of media. RAHS Methodenkatalog seven questions a clearly defined set of questions for key decisionmakers. The catalogue of questions should ideally encompass the social and expert content of a thematic area. RAHS Methodenliste signal signals are signs of emerging issues of change and can reveal possible future trends Hiltunen (2007) in contrast to weak signals, signals are stronger perceivable and have a higher frequency of occurrence/reproduction signals (weak) “weak signals mean today’s information that can foretell the changes in the future (…). As time passes, it might come out that weak signals were the first signs or symptoms of a big change, even megatrends” Hiltunen (2008: 41) social mood a collectively shared state of mind Olson (2006); Nofdinger (2005) 14 socionomics Socionomics is a theory of human social behavior describing the causal relationship between social mood and social action. Prechter/Parker (2007) The main principles of socionomics are that in human, self-organized complex systems, the following statements apply: (1) Shared unconscious impulses to herd in contexts of uncertainty lead to the emergence of mass psychological dynamics that manifest as social mood trends; (2) these social mood trends conform to hierarchical fractal patterns that take a repetitive, se lf-affine form and are therefore probabilistically predictable; (3) these patterns of aggregate behavior are form-determined due to endogenous processes rather than mechanistically determined by exogenous causes; (4) these social mood trends determine the character of social actions and are their underlying cause, both in financial markets and in other domains. software prototyping Software prototyping is the process of producing a partial system early in the development cycle to ascertain these needs. Davis (1995: 39) SOM Self-organized, topology preserving projections of high dimensional data onto a two dimensional map Ultsch, Alfred (2003) STEEP/PEST STEEP stands for Social, Technological, Environmental, Economic, and Political analysis Methodenkatalog PEST stands for Political, Economic, Social and Technological analysis describes a framework of macro-factors used in strategic planning and strategic management SWOT analysis a structured planning method used to evaluate the Strength, Weaknesses, Opportunities and Threats with Strength and Weaknesses being internal factors and Opportunities and Threats external RAHS Methodenliste system dynamics deals with how things change through time and includes most of what people find important Forrester (1997) demonstrates how most of the decision-making policies are the cause of problems that are usually blamed on others and how to identify policies we can follow to improve the situation System dynamics uses concepts drawn from the field of feedback control to organize available information into computer simulation models. Forrester (1991) term (long) more 5 than 10 years Universität der Bundeswehr term (medium) from 3 to up to 5 years Universität der Bundeswehr FUTURE STUDIES – GLOSSARY term (short) up to 3 years Universität der Bundeswehr theory theory is made up of four components, (1) definitions of terms or variables, (2) a domain where the theory applies, (3) a set of relationships of variables, and (4) specific predictions factual claims. Bunge, M. (1967) tipping point tipping points are a special form of discontinuity Scheffer et al. (2009) generally tipping points describe the points of sudden change in a dynamic system that interrupt a continuous, mostly linear development or affect the direction or pace of such developments in complex systems tipping points describe those parameter constellations that significantly change the system’s behavior. trend “a pattern or structure in 1-dimensional data” Kivikunnas (2011) “has a specific direction. A development that is constant over time and does not bring changes with it cannot be considered a trend.” van der Duin (2006: 42) should have the duration of at least three to five years in order to distinguish trends from short term hypes trend analysis trend analysis is part of a strategic planning process and usually preceded by trend scanning/scouting Kivikunnas (2011) trend analysis describes the method used for active observation, analysis and interpretation of trends in cultural, economic and technological business environments. Based on analysis of publications, polls of experts, trend studies, etc., historical and actual trends are described and extrapolated into the future. This includes everything from trend-scanning to trend evaluation. trend break “trend break represents a deep-seated value shift in society, a technological innovation that appears to be permanent, or a paradigm change” Kroon (2004: 76) trend (emerging) A trend which rises from an obscure or inferior position or condition Universität der Bundeswehr trend (micro) “small, under the radar forces that can involve as little as one percent of the population, but which are powerfully shaping our society“ Penn (2009: xiii) trend (mega) great force that typically results in major changes that can impact the ways organizations and entire societies operate for decades to come, if not forever Naisbitt (1988) 16 trend (meta) defined as a system-wide development arising from the simultaneous occurrence of a number of independent demographic, economic and technologic trends. Snyder (2004) a composite scenario of trends trend management “trend management should reconstruct the elements of a discourse in which shifts of meaning can be observed, detecting and understanding the nodal points of a discourse” Von Groddeck (2013, 28) trend monitoring “trend monitoring typically involves the in-depth monitoring of relatively few but very important trends” Millett, S. M. (2006). trend radar the trend radar is a web-based knowledge tool, which should enhance the collaboration of companies by showing the essential middle- and long term developments in society, economy, technology, politics and ecology in an interdisciplinary way Itonics.de uncertainty “must be taken in a sense radically distinct from the familiar notion of risk, from which it has never been properly separated (…) The essential fact is that ‘risk’ means in some cases a quantity susceptible of measurement, while at other times it is something distinctly not of this character; and there are farreaching and crucial differences in the bearings of the phenomena depending on which of the two is really present and operating (…) It will appear that a measurable uncertainty, or 'risk' proper, as we shall use the term, is so far different from an immeasurable one that it is not in effect an uncertainty at all" Knight (1921: 197) “Risk is a situation in which a decision must be made concerning a certain event and the probability distribution of this event is known.” Ferrari-Filho et al. (2005: 582) “an event having a low probability of occurrence, but an inordinately high impact if it does” Rockfellow (1994: 14) an event which is highly unlikely to happen, but would have a huge impact on the human condition if it did Audience Dialogue (2007) “one of the most unpredictable and potentially damaging triggers of change of four conceivable components of change: trends, cycles, emerging issues, and wild cards.” Mendonca et al. (2004: 201) describes the use of scenarios as a rapid test of policy responses to the likely trajectories of key issues Duckworth et al. (2009) wildcard wind tunnelling FUTURE STUDIES – GLOSSARY derived from the analogy of testing a physical model’s response to different conditions in a wind tunnel two commonly used wind tunneling approaches: (1) ‘Holistic’ method tests the current strategy against each scenario and looks for common elements across the scenarios. This gives insights into the implications for current strategy and action plans for dealing with situations under each of the scenarios. (2) An alternative analytical approach is where policy options are tested against each scenario. These are then assessed to determine whether they are successful in each scenario. If an option is successful against all scenarios, it is likely to be a robust policy. If it is a failure in one or more scenarios, the policy could be reviewed or, if it is pursued, the risks associated with the failures will be better understood so that they can be monitored and managed by testing options against appropriate scenarios, it helps to reduce and manage the associated future risks. world cafe a special workshop for large groups divided according to region or another thematic area by table. RAHS Methodenliste The groups all address one theme with one person per group as moderator and spokesman, so that discussion as a large group can occur based on the information provided by each spokesman. vision “a compelling statement of the preferred future that an organization or community wants to create. Visions move and inspire us by stating why we are working together, what higher contribution flows from our efforts, and what we are striving to become. Vision development is the most powerful way to clarify where you would like change to go” Bezold (1994) 18 BIBLIOGRAPHY Aabo, Tom, Fraser, John R.S., Simkins, Betty J. (2005): The Rise and Evolution of the Chief Risk Officer: Enterprise Risk Management at Hydro One. Journal of Applied Corporate Finance, 17/3, 21. Crawley, Frank; Tyler, Brian (2003): Hazard Identification Methods, Warwickshire. Aggarwal, Satish Chandra; Khurana, S. K. (2010): Business Statistics For BBA-II, Part B, New Delhi. 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