PROSPECTIVE
You can delay, but your future won’t.
AUGMNT helps organizations build Future-based Strategies and a Foresight/Prospective practice integrated and aligned with their Risk Management, Continuity, Future-Ready and Vigilance (monitoring and intelligence) programs.
PROSPECTIVE ALLOWS TO EXPLORE AND PLAN (FOR) THE FUTURE WHICH SIMPLY MEANS HAVING A FUTURE AND ENDURE IN THE FUTURE.
WHAT WE DO
Influenced by maturity models, system thinking and transition design, we offer solutions that are articulated to help organizations start with their future first in order to develop the necessary insights & vision and the integration with their risk management and continuity programs to enrich their decisions and actions in the present and design a future that provides them with the necessary relevance to ensure their continuity and sustainability.
PROSPECTIVE/FORESIGHT
Prospective is both a function and a method.
As a function
Organizations increasingly practice foresight as a normal business function in order to enhance their other activities and provide an otherwise missing dimension or horizon ; the fuure.
As a method
Prospective or foresight is a method for exploring possibilities or options or alternative futures in order to articulate scenarios and study their impacts in order to select the best possible or a preferred future that will inform an organization is such a way that it can better decide and act in the present to be able to continue and thrive in the future.
The questions we pose, the path we follow:
Where are we?
What is our future awareness, mindset? →
What it means?
We build scenarios about some possible futures. →
What is the goal?
What is our question about the future. →
The impacts?
What are the consequences and their consequences. →
What is out there?
We scan the environment for trends, signals, etc. →
The future?
What is the preferred future that answers our initial question.●
Prospective or foresight provides significant advantages :
♦ A punctual and continuous program to monitor change and to adapt in a timely fashion
♦ An early detection system
♦ A vision for change beyond uncertainty and disruption
♦ Innovations and new business opportunities
♦ A competitive advance, a competitive advantage
♦ A new clients and new competition identification method
♦ New capabilities
Integrating PROSPECTIVE in STRATEGY and RISK MANAGEMENT
FUTURE-BASED STRATEGY
Continuity being a dynamic nature of organizations ; new tools and mindsets are required to address the uncertainty and disruptions caused by rapid and discontinuous changes. Foresight/prospective helps organizations update their traditional strategy making activities by infusing it with a future-based approach. Adding this missing dimension or horizon (horizon 3) allows for more agility and robustness if not antifragility.
Finally, by using a generic strategy development model (Mintzberg, Voros), an organization equips itself with a tool that delivers consistent and robust results regardless of the source or horizon used.
INTEGRATION : RISK & CONTINUITY
By integrating foresight (prospective) in their risk management, continuity and future-preparedness programs, an organization can create the necessary interdependence between these programs to achieve an future-readiness that covers the short, medium and long term risks and opportunities. Future-readiness takes two forms : (1) the preparation for future risks which may temporarily disrupt the continuity of one’s business or (2) the articulation of a preferred future as a result of prospective planning.
This integration will allow greater awareness and better management of risks and opportunities from all horizons.
VIGILANCE : FORESIGHT / PROSPECTIVE WATCH
Vigilance is a prospective monitoring activity and program.Foresight/Prospective watch is a continuous monitoring activity which allows an organization to scan its environment in order to remain on the lookout for risks and opportunities, trends and signals. It is carried out internally by the organization or externally. AUGMNT offers a service to help develop a monitoring program (internal or external) restricted to foresight or more extensive to include broader risk monitoring. The external program is built taking into account the specific needs of the organization.
A vigilant organization defined as one with a corporate foresight practice, enjoyed a 33% higher profitability and a 200% higher growth than the average company.
To your success !