TOPIC 10 - The futures wheel

Question 1

What is the purpose of the futures wheel in strategic foresight?

Answer 1

To explore the potential direct and indirect consequences of a specific change or trend, visualizing a wide array of possible futures.

Question 2

During the futures wheel process, what are first-order effects and subsequent orders of effects?

Answer 2

First-order effects are the direct consequences of a change or trend, while subsequent orders of effects are the indirect consequences that follow.

Question 3

How can the futures wheel aid in identifying potential impacts?

Answer 3

It helps organizations or individuals foresee both positive and negative impacts of a particular trend, technology, or decision

Question 4

In what way does the futures wheel enhance strategic planning?

Answer 4

By anticipating a broad spectrum of consequences, it enables more resilient and adaptable strategic plans.

Question 5

How does the futures wheel stimulate innovation and creativity?

Answer 5

It reveals unexpected opportunities and challenges, stimulating creative thinking.

Question 6

Why is the futures wheel valuable for risk management?

Answer 6

It identifies a wider range of potential outcomes, which aids in better preparing for risks and uncertainties.

Question 7

How can the futures wheel be used to engage stakeholders?

Answer 7

It can serve as a collaborative tool to engage stakeholders in the foresight process, incorporating diverse perspectives and insights.

Question 8

What are the advantages of using a futures wheel?

Answer 8

Provides comprehensive analysis, is simple and accessible, flexible for various domains, and enhances preparedness for the future.

Question 9

What are the critiques associated with the futures wheel?

Answer 9

It can be subjective, difficult to manage as it expands, it doesn’t predict the future leading to uncertainty, and lacks quantitative analysis.