TOPIC 2 - Change you don't control comes from the outside Flashcards
Why is it important for an organization to seek a high-quality point of view of the parts of the future it doesn’t control?
It is about “seeking a high-quality point of view of the parts of the future we don’t control to improve our future-making decisions today over the parts we do control.”
Where does 99% of change that affects an organization come from?
“99% of change comes from the outside (typically from the macro).”
What are the elements included in the transactional environment of an organization?
In the transactional environment: “Competitors, Lobbies, Financiers, National Regulators, International Regulators, Employees, Investors, Equipment Suppliers, Industry Clients, NGOs.”
What are the elements included in the contextual environment that an organization must be aware of?
In the contextual environment: “Geo-political trends, International Finance, Science, International Commerce, Climate, Macroeconomics, Conflict & Security, Legislation, Innovation, Demographics, Environment, Natural Disasters.”
What is the significance of the contextual and transactional environments to an organization’s strategic foresight?
They represent areas of change and influence that the organization must monitor and understand to inform their strategic decisions and actions.
