Futurists are scientists who systematically try to explore possibilities about the future and how they can get out of the present. The futurists use studies on the trend of events to get their predictions by analyzing the trends that exist and carefully advise both public and private organizations (Wagner, 2014). Most futurists are also known as consultants, thinkers and sometimes analysts who engage in long-range planning, take the time to study trends and finally develop likely scenarios. These scientists have an array of information in sectors such as education, computer science, engineering, law actuarial science, psychology and other disciplines.
The futurists not only predict what might happen next but project into the future given what they know to be true now and use evidence from extensive research to see possible future occurrences and what to do about it. Being a futurist involves liberating the future by being ready and this, therefore, forms the goal and objective of futurism (Wagner, 2014). The principal purpose of engaging in futurism is to find prior preparation on any likely occurrence in the future. The state Government requires the correct figures when futurists offer their information to plan for the economy of the country.
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Futurists have the unwillingness always to predict the future but in turn, are motivated by change hence are content by just a forecast. The unwillingness is best for the futurists because they know that current times are not necessarily part of history since there exists possibilities that may interfere with the trends. Secondly, futurists are unwilling to predict the future because they believe that single-discipline orientation is not satisfactory therefore they prefer trans-disciplinary approaches which will give the room more solving complexities. Creating possible futures by considering alternative futures becomes an inner transformation to the futurist that is they can influence public policy to be ready for the unexpected.
Business corporations involve proper planning for any partaking because any decision they make must provide a minimum or no loss whatsoever as they engage in business. Due diligence including SWOT analysis of the corporations helps in predicting what is likely to happen in the future, therefore, have both the mitigation and contingency plans. The role that futurists do in helping business organizations is to advise them on the current market trends, what the competitive companies are doing and the implications of the whole scenarios in the future(Wagner, 2014). . Business organizations would always survive, but today it is becoming hard to assign more staff to interact with the consumers. Therefore, the futurists have the role of advising the corporates.
Advice for the companies means that they will possess a better edge on their competitors and even those they do not know by giving an insight on how consumers and industries will evolve shortly. Companies would only need futurists at a particular time to offer guidelines. Therefore, it becomes the solemn role of the business corporate to use any information that is at their disposal to not just publish but see opportunities that arise. High levels of innovation and creativity should be of importance.
Most business corporations need strategic planning which involves planning annually for any activities, sales, and opportunities. Futurists can be of help to a company by guiding the leadership through using a lower income always to gain profit and also advise them on how to reduce the operational cost. The business corporations can also engage on a marketing plan in which clear guidelines on how the products will reach the target consumer. A market plan can also involve identifying the infrastructure, the sales persons and the method of transport. Financial data for the management requires proper distribution and a budget to ensure that all activities that require finances work under the budget. Finally at the end of the annual year, drawing a balance sheet would sum up all the expenditure and income.
Mitigation and Contingency plans are risk management plans that any business needs to ensure that any risk identified is under control (Wagner, 2014). As President Trump builds the one trillion infrastructures, the motorcycle industry can make the danger of investing a significant amount of money expecting high returns basing their argument on the fact that most people would prefer the bikes. A mitigation risk plan would involve setting up strategies that reduce the probability of the risk of losing quite an amount of money in the motorcycle industry. Advance proactive actions would mean using a futurist's prediction to have in place a better deal. Stakeholders in the bike industry may decide to have adequate storage facilities in case the sales are lower than projected.
Investing in Pizza would mean that with good would mean fast supply through the motorcycles. Most citizens can prefer buying bikes because they can move quickly to their destination without being caught up in traffic. In the trump era, business is of significance, and therefore more job opportunities will arise. President Trump is one of the futurists who understand the future which will include a growing population and therefore more traffic jams. To reduce the congestion according to Trump means improving the infrastructure by even building the wall along the Mexican border.
In conclusion, futurists should have a broad array of information and expertise to be able to get the correct assumptions for predicting the future.
Reference
Wagner, C. G. (2014). When Futurists Ask" What If". The Futurist , 48 (6), 39.
