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Future, Inc.: How Businesses Can Anticipate and Profit from What's Next

Future, Inc.: How Businesses Can Anticipate and Profit from What's Next
By Eric Garland

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Foreword by Joseph Coates

In the next 50 years, new technologies, shifting global economics, and many other factors will present innumerable changes for business and society to navigate. Starting now, leaders need to be more flexible, responsive, and decisive than ever before. Unfortunately, most people are not trained in the type of critical thinking required to anticipate what lies ahead. This groundbreaking book will change that.

Futuring is not a matter of tea leaves and crystal balls -- it is a rigorous science based on time-tested analytical methods. Future, Inc. translates the proven techniques of professional futurists into accessible language and shows how to:

* identify what is and what isn’t changing at a given time, and how even small changes will affect whole businesses
* use forecasting -- not "predictions" -- to pinpoint tomorrow’s realities by looking at today’s trends
* employ scenarios to test the validity of potential strategies

The author illustrates his advice with examples of companies whose foresight has given them an unparalleled advantage and identifies significant trends that will impact businesses in the future. Companies can’t afford to be caught unaware. In order to survive and succeed, they need to look ahead. Future, Inc. provides the tools to bring the future into focus.


Product Details

  • Amazon Sales Rank: #101433 in Books
  • Published on: 2006-12-14
  • Original language: English
  • Number of items: 1
  • Binding: Hardcover
  • 256 pages

Features


Editorial Reviews

Review

“Garland is imaginative but also a bit of a pragmatist in recognizing the usual forces that exert themselves upon human behavior, and this approach informs most of his work. Also, he's a good writer, so his prognostications are presented in a pleasantly entertaining manner. Beyond amusement, the value of this book is its usefulness as a guide to evaluate trends that may evolve into opportunities….Garland provides an interesting perspective from which to evaluate events and project their possible future outcomes.”

-Miami Herald

Review

“... Cleverly illustrates both how to incorporate future planning scenarios into business strategy development and the benefits of doing so.”

-Competitive Intelligence Magazine



“Beyond amusement, the value of this book is usefulness as a guide to evaluate trends that may evolve into opportunities.”

-Miami Herald

About the Author
Eric Garland (Washington, DC) is a professional futurist. He is an advisor to executives at top corporations and government agencies as an expert in futures research and competitive intelligence. His clients are "dozens of global 100 corporations in healthcare, automotive, oil & gas, and high technology."


Customer Reviews

Garland provides a timeless method for strategic IT moves4
As a newcomer to the field of information technology, I was hopeful that this book would provide insights on how to manage change from a technological viewpoint. Although the purpose of the book was not technology alone, the theme was intertwined throughout the book and explored in creative ways. The technology topics were not discussed in depth which left room to explore analysis techniques. These tools will be applicable even when current technologies are obsolete. Therefore, this book will be a reference for years to come.

The book is divided into two sections: Tools and Techniques and Drivers of the Future. In the first section, each chapter discusses one important stage of the futurism process. The second half devotes a chapter each to eight different broad categories of trends. Each chapter contains real world examples that demonstrate companies succeeding or failing at strategically planning for the future. The last page of each chapter contains a handy checklist of the important points from the chapter and a section explaining activities or implications of the topic. This provides a quick reference guide and easy access to information from the chapter.

The basic premise of the book is to introduce futurism and provide the tools necessary to develop scenarios of the future that may not be obvious to the analyst. The step by step process is easy to follow and uses graphics to illustrate key points. In fact, Garland stresses that graphical representations lead to the successful implementation of the futurist techniques. Wagner in "Partners for Progress" supports this when she explains how road maps help leaders focus on ways of conceptualizing the future. Garland uses many real business examples that illustrate his points in dramatic ways. He even manages to show how chocolate bars and bottles of beer are affected by technology trends.

In the second section of the book, Drivers of the Future, the author begins by stating that new capabilities in information technology are leading most changes. Then, he scratches the surface of other topics and devotes a chapter to each: aging, information technology, heath care, biotechnology, energy, nanotechnologies, media and communications, and ecology and sustainability trends. To my surprise, the theme of technology was present in each of the topics. From the notion of smart homes that support the changing needs of the aging population to the nanotechnologies that are changing healthcare, technology is either responsible or reactive to the evolving society. To remain competitive, businesses must stay informed on all of these topics and prepare for the future.

Of these broad topics, the aging trend was particularly interesting to me. Charles Lanigan in "Preparing a Capable Workforce for the Knowledge Economy" underscores the importance of the aging trend as he discusses the effects of the changing demographics. As the shift from physical labor to intellectual labor continues, businesses must face the fact that capturing the knowledge from retiring employees is not an easy task. Businesses must create tools to enable the proliferation of knowledge. In addition, he states that "many problems in our modern world are caused or exacerbated by human beings who fail to think and communicate, relate to others or respond mindfully to changing circumstances". This is one of many reasons why Garland's tools and techniques are valuable for the success of a company.

One other item of note is the chapter dedicated to information technology trends. Although technology plays a major role throughout the book, the ideas presented in this chapter support Nicholas Carr's controversial IT ideas in "IT Doesn't Matter." Garland acknowledges that information technology is becoming more powerful, less expensive, and available to all. Both Carr and Garland treat IT as a commodity that does not provide a strategic advantage from competitors.

After reading this book, I was left with two questions. First, how do companies assign a value to each scenario? The book successfully demonstrates the tools that are required to list possible outcomes, but it is lacking in the valuation department. Secondly, how do companies successfully implement the scenario? Andy Hines, a leading futurist by his own right, provides a complimentary process to Garland's but in six phases. He starts with understanding the present with what he calls "Framing" and "Scanning" steps. Then, he explores the future in the "Forecasting" stage. After his "Visioning" and "Planning" stages he explains the "Acting" stage where he describes how to implement the plan. Garland stops short of this final implementation phase.

In conclusion, anyone involved with strategic planning should definitely have the tools that Garland describes in this book. His step-by-step process engages the organization in seeing the value of looking at a broad range of areas and has brought many companies successfully into the future.

References
Carr, N.G. (2003), "IT Doesn't Matter." Harvard Business Review, (81:5), May 2003.
Hines, A. (2006) "Strategic Foresight." The Futurist, Sept/Oct 2006.
Lanigan, C. (2007), "Preparing a Capable Workforce for the Knowledge Economy." CIO Magazine, March 14, 2007.
Wagner, C. (2006), "Partners for Progress: Creating Global Strategies for Humanity's Future", The Futurist, Nov/Dec 2006.

It's really worth every penny!5
Fantastic book!
Very interesting and well written. Connects directly "future studies" with "strategic planning". Introduces the concept of System Thinking, analizes trends and go through scenario generation, all ilustrated by good cases.


Future Inc5
After hearing the author speak on a panel about the future, I decided to buy his book. And what a fabulous book it is! Displaying in-depth knowledge, and conveying it in an entertaining and clear manner usually don't go together. That is what makes this book a great read.
If you like ideas, thinking about them, exploring them, etc., then you will love this book.