Foresight Lab: Embracing Uncertainty and Connecting Dots to the Future

McMaster University | Kaleigh Wisman | Dec 13, 2023

Foresight and innovation connecting the dots - Foresight Lab:  Embracing Uncertainty and Connecting Dots to the FutureAn innovative program at the DeGroote School of Business is taking an alternative approach, exploring and preparing for multiple future scenarios.

  • Known as foresight thinking, this perspective has gained traction in business and government settings, and is something Canada and the world need now more than ever, says Leonard Waverman, acting director of the Foresight Lab at McMaster.
    • Foresight is looking into the future, five to 10 years out, and even into the decades ahead. We all know the future is not predetermined or predictable. However, future outcomes can be influenced by our choices in the present.
  • The Foresight Lab, which launched at McMaster in 2020 to incorporate foresight thinking into academic settings, is unique in the Canadian academic landscape. No other business school in Canada has a program dedicated to futures methodologies. And no other business school in Canada integrates foresight practice into its academic programs.

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Candice Chow, an assistant professor of strategic management at the DeGroote School of Business:

  • The essence of foresight is systems thinking and connecting the dots.  For example, supply chains tie to health care, to finance, to economics. The idea is we want to build something that allows people to imagine a future that goes beyond a particular discipline.

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