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Bringing Foresight to Decision-making

Bringing Foresight to Decision-making
Author:
Publisher:
Total Pages:
Release: 2015
Genre:
ISBN:

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This policy brief is based on the study taking stock of recent and past Foresight activities in non-European countries with a focus on Southeast Asia. To demonstrate some existing Foresight processes in Europe, selected European foresight activities were added. The purpose of this brief is to point at best practices in national foresight activities and their link to policy-making. The brief is selective but allows giving some recommendations for future work at the interface between Foresight and policy-making.


Foresight in Action

Foresight in Action
Author: Marjolein van Asselt
Publisher: Routledge
Total Pages: 193
Release: 2012-06-25
Genre: Business & Economics
ISBN: 1136536981

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Assessing the future is vital in informing public policy decisions. One of the most widespread approaches is the development of scenarios, which are alternative hypothetical futures. Research has indicated, however, that the reality of how professionals go about employing scenarios is often starkly at odds with the theory - a finding that has important ramifications for how the resulting images of the future should be interpreted. It also shows the need for rewriting and updating theory. This book, based on an intensive five year study of how experts actually go about assessing the future, provides a groundbreaking examination of foresighting in action. Obtained via ethnographic techniques, the results lay bare for the first time the real processes by which scenarios are made. It is also the first book to examine foresighting for public policy, which is so often overlooked in favour of business practice. From handling of discontinuity to historical determinism, the analysis reveals and explains why foresight is difficult and what the major pitfalls are. Each chapter ends with a toolkit of recommendations for practice. The book aims to help readers to reflect on their own practices of public-oriented foresight and thus to foster a deeper understanding of the key principles and challenges. Ultimately, this will lead to better informed decision making.


Decision Making for the Net Zero Transformation: Considerations and New Methodological Approaches

Decision Making for the Net Zero Transformation: Considerations and New Methodological Approaches
Author: Mark Workman
Publisher: Frontiers Media SA
Total Pages: 154
Release: 2024-02-01
Genre: Science
ISBN: 2832544096

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Special edition compiled in partnership with Frontiers sponsored by the Clean Air Task Force. The realisation of Net Zero by 2050 will require the ability for strategy developers, operational planners and decision makers to better manage uncertainty, complexity and emergence. The application of the orthodox set of decision support tools and processes that have been used to explore deep decarbonisation options to 2050 have blinded decision makers to uncertainty, complexity and emergence. Tools have often been used which are inappropriate to the types of decisions being made – a competency which has been glaringly revealed during the C-19 Pandemic. This Frontiers Research Topic will highlight the need for an interdisciplinary, mixed methods approach bringing together insights from modelling, decision science, psychology, anthropology, and sociology to form a compendium of current best practice for decision making for the net zero transformation and new research frontiers. Develop greater awareness amongst policymakers, practitioners and academics as to the importance of: • Understanding the nature of uncertainty when dealing with problems associated with the Net Zero Energy System Transformation; • Increasing importance of deliberative processes to map different value sets beyond least cost; • Acknowledging that decision making under uncertainty requires competency-based training leading to a full appreciation of the tasks at hand. Suggested areas within scope are listed in points 1-12 below. Authors are free to choose specific areas of interest, and to combine these where useful. In general, it will be useful to consider practical application of [ideas], e.g • development of `Use Cases’ and `Decision Making Contexts’ may be useful, e.g. National Govt establishing its Carbon Budget; Institution setting up its investment portfolio. • understanding of how decisions are being made within different jurisdictions, political cultures, and types of organizations (public/private). What is the role of `Decision Context' i.e. organisational decision-making structures, cultures, the role of zeitgeist and dominant narratives, or the relation between academic expertise and policy-makers. 1. Decision making from an end-to-end perspective and the need to take a holistic and interdisciplinary perspective [Editorial Cover Article]. 2. Gap between what policy makers and decision makers around net zero climate policy seek to address and what decision support tools can actually do. Why that gap is increasing (if it is)? 3. Understanding the nature of uncertainty when applying the relevant decision support tool and processes. Not all uncertainty can be addressed within the decision support tool itself. Role of optimism bias; potential role of least worst regret approaches etc 4. What different decision support tools can inform decision makers around net zero climate policy and need for a basket of tools. 5. Why parametric decision support tools and models are pre-eminent - the role of consolidative modelling and exploratory modelling. The inertia of modelling approaches: why it is so hard to break modelling paradigms? 6. What decision science informs us about how decisions are actually made - the importance of process, the role of transparency and deliberation with analysis. 7. Processes that address the biases identified in decision science and impact of identity politics on deliberative decision making. 8. Why decision making under deep uncertainty requires competency-based training, deep subject matter expertise and systemic knowledge. 9. Ministerial and policy making and the decision support requirements: US, EU, UK & China 10. The role of narratives and how uncertainty can be communicated to societal audiences. Storylines and other narrative approaches 11. How to develop participatory approaches allow multiple values, diversity of stakeholders in which climate communication and decision making exists in an iterative exchange with policy. We have started the journey e.g. the role of climate assemblies… what next? 12. Decision making under deep (climate) uncertainty by the financial sector We acknowledge the funding of the manuscripts published in this Research Topic by the Clean Air Task Force. We hereby state publicly that the Clean Air Task Force has had no editorial input in articles included in this Research Topic, thus ensuring that all aspects of this Research Topic are evaluated objectively, unbiased by any specific policy or opinion of the Clean Air Task Force.


Corporate Foresight and Strategic Decisions

Corporate Foresight and Strategic Decisions
Author: S. Marinova
Publisher: Springer
Total Pages: 368
Release: 2013-11-29
Genre: Business & Economics
ISBN: 1137326972

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This study investigates the relationships between corporate foresight and management decision-making processes in organizations. It provides an extensive analysis of extant theories of corporate foresight and strategic management, brings in new insights, and presents an in-depth case study exploration of corporate foresight of a European bank.


Foresight for Dynamic Organisations in Unstable Environments

Foresight for Dynamic Organisations in Unstable Environments
Author: Sandro Mendonça
Publisher: Routledge
Total Pages: 235
Release: 2013-12-16
Genre: Business & Economics
ISBN: 1317979516

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Foresight has an especially important role in times of transition and trouble. In times of turbulence foresight arises as a tool for intellectual freedom and enhanced strategic leverage. But foresight itself is always in a continuing process of innovation as it is not detached from the changing environment that engulfs organisations. Taking stock from innovative developments in foresight methodologies and implementation experiences is relevant as new experiments have rapidly accumulated in this new century. Looking ahead calls for a review of new perspectives and recent practice on foresight methodology and on how foresight is embedded in organisations. This book brings together a sample of real-world cases and of conceptual proposals bridging between practitioners and researchers in the field of futures research. Such an ambition is an increasingly difficult balancing act as the gap between the needs of organisational leaders and the incentives of academics becomes an ever widening gulf due to increasingly specialised and self-absorbed agendas. To further this book’s goals we had the opportunity to assemble an international team of authors coming from a variety of backgrounds to provide their first-hand view from the frontier of new foresight empirical work and theoretical reflection. This book was originally published as a special issue of Technology Analysis and Strategic Management.


The One Thing to Win at the Game of Business

The One Thing to Win at the Game of Business
Author: Creel Price
Publisher: John Wiley & Sons
Total Pages: 339
Release: 2012-03-14
Genre: Business & Economics
ISBN: 1118320557

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The book you need to make better business decisions, faster The One Thing to Win at the Game of Business is the entrepreneur’s bible with everything you need to invest in your own entrepreneurial education. Based on author Creel Price’s own experience launching a small business for just $10,000 and then selling it a decade later for over $100 million, the book is based on one core business truth: that Decisionship, the ability to make better, faster decisions without the angst, is key to success. Systematically explaining the Decisionship methodology that Price has used with great success, the book outlines a visual model that brings together three distinct “sights”—foresight, insight, and hindsight—at the heart of the decision making process. Taken together, these perspectives enable you to quickly and easily process your options from every angle and make smarter choices more quickly. Presents a three-step process for making better business decisions Teaches you the one thing you need to know to build a more productive, more profitable company Explains the keys to building a closer-knit, more productive, and highly-motivated team Innovative, practical advice from a proven business expert, The One Thing to Win at the Game of Business is the ultimate business shortcut—the single thing that you must understand about entrepreneurship in order to get ahead.


The Impact of Foresight on Innovation Policy-Making

The Impact of Foresight on Innovation Policy-Making
Author: Attila Havas
Publisher:
Total Pages: 14
Release: 2015
Genre:
ISBN:

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Foresight has evolved as a distinct prospective analytical tool: it considers alternative futures of various S&T fields or socio-economic systems by bringing together the perspectives of various stakeholder groups, and thus assists the decision-making processes at different levels. However, in order to avoid hypes - and subsequent disappointments - about what foresight can deliver, the potential contributions to decision-making processes by foresight should be clearly understood. The article puts foresight into this broader context of policy-making processes, with a particular emphasis on innovation policy. It describes the evolution of different policy rationales since the 1960s, develops a framework to classify the impacts of various types of prospective analyses, and reviews the evaluation results of several national foresight programmes by using this framework. On that basis, future directions of how foresight might evolve are considered to spur discussions.


Foresight for Science, Technology and Innovation

Foresight for Science, Technology and Innovation
Author: Ian Miles
Publisher: Springer
Total Pages: 279
Release: 2016-08-29
Genre: Science
ISBN: 3319325744

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​Decision-makers at all levels are being confronted with novel complexities and uncertainties and face long-term challenges which require foresight about long-term future prospects, assumptions, and strategies. This book explores how foresight studies can be systematically undertaken and used in this context. It explicates why and how methods like horizon scanning, scenario planning, and roadmapping should be applied when dealing with high levels of uncertainty. The scope of the book moves beyond “narrow” technology foresight, towards addressing systemic interrelations between social, technological, economic, environmental, and political systems. Applications of foresight tools to such fields as energy, cities, health, transportation, education, and sustainability are considered as well as enabling technologies including nano-, bio-, and information technologies and cognitive sciences. The approaches will be illustrated with specific actual cases.


Global Foresight Capability of U.S. Government

Global Foresight Capability of U.S. Government
Author: United States. Congress. Senate. Committee on Governmental Affairs. Subcommittee on Governmental Efficiency and the District of Columbia
Publisher:
Total Pages: 320
Release: 1986
Genre: Forecasting
ISBN:

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Three Horizons

Three Horizons
Author: Bill Sharpe
Publisher: Triarchy Press
Total Pages: 142
Release: 2020-06-16
Genre: Social Science
ISBN: 1911193872

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A practical framework for thinking about the future... and an exploration of 'future consciousness' and how to develop it