Turning Broad Scenarios into Actionable Forecasts
At Good Judgment Inc, we map futures, not just bet on them. We use three key processes inspired by the Hancock-Bezold framework to sort what’s probable from what’s possible, preferable, and plausible. It’s an à la carte model, where we can pick and choose or combine the processes as needed for the task at hand.
Strategic Foresight asks about plausible future worlds, identifying the driving forces (such as technological, economic, social, political, environmental) that combine into different scenarios and storylines to show decision makers the implications, risks, and strategic options. Subject matter experts are often the key players in this process, which has much in common with scenario planning. Often, clients will already have developed their scenarios. In other cases, we can collaborate with our strategic partners at ForgeFront to advance the foresight process, as we recently did on a joint project for the UK government on global biorisks.
Policy Guidance brings in the decision makers to narrow the focus to their preferable worlds so that we're not chasing rainbows and instead evaluating their short list. The preferable worlds could include possible futures that didn't make the plausibility cut in the foresight process.
Forecasting narrows the focus to which worlds are more probable. In this process, it's good to strip away the storylines that were generated by the scenarios (strong narrative drives can lull people into thinking something is more likely than is warranted) and to conceal the goals and identities of the decision makers (which can likewise tilt the scales). Ideally, your forecast will come from a crowd since we know that will deliver more accurate forecasts than any single individual over time. And the best crowd is Good Judgment's panel of professional Superforecasters.
We've used versions of this framework since the early days of Good Judgment Inc. One of our first projects was for a multinational food manufacturer on alternative protein trends. We've also provided due diligence support for consulting agencies, investment firms, and government agencies.
Here's how we applied this process in our recent project for the UK government with our ForgeFront colleagues:
1. Define the possible scenarios of concern
2. Distill the scenarios to the major threat of concern, in this case biorisk hazards
3. Identify specific biorisk hazards, such as the use of autonomous drones to deliver biological agents
4. Set a decision threshold that would activate a decision process
5. Pose the questions to the Superforecasters to generate the probabilities
6. Deliver a report with the probabilities, the drivers, and risks to the outlook
By integrating structured scenarios with decision thresholds and Superforecaster probabilities, we help leaders act sooner, with more confidence, and measure what matters. If that’s the discipline you want around high-stakes decisions, let’s connect.