STRATEGIC THINKING THE FUTURE WHEEL (or FUTURE WEB)

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Presentation transcript:

STRATEGIC THINKING THE FUTURE WHEEL (or FUTURE WEB)

FUTURE WHEEL Strategy development requires a degree of foresight The FW is used to anticipate potential future outcomes In order to anticipate future outcomes it is crucial to monitor the consequences of change

FUTURE WHEEL The first step is to identify the event or change, which is being examined. Place this event at the centre of your future wheel. Then ask… IF THIS HAPPENS…THEN WHAT HAPPENS NEXT? Brainstorm as many ideas as possible. These are the first order consequences.

FUTURE WHEEL In order to identify the second order consequences the process is repeated using the first order consequences as events. The process is repeated until a logical close is achieved. Ideas that are repeated as consequences of different orders can be regarded as: EMERGENT THEMES. Requires creative and lateral thinking!

FUTURE WHEEL EXERCISE A company is concerned about how e-business supply chains will impact businesses in general? The event is: ‘ELECTRONICALLY CONNECTED ORGANISATIONS’ Your task is to advise them.