Elements of Corporate Foresight Planning

Corporate foresight is a process of formulation and should not be confused with a set of techniques. Through a sustained consultative process, corporate foresight involves the examination of a series of future scenarios and ideally prescribes solutions. Foresight shares common ground with risk management and evaluation of risk, ° and addresses the nature of the particular business and the uncertainties of the business environment. For example, in the airport industry, a grave uncertainty is the weather, as in the context of an unexpected winter storm or the eruption of a volcano which spews ash into the atmosphere. Both these events occurred in 2010 in Europe. 

In every instance of a natural disaster the focus revolves around those who are affected by such events. Therefore, it is difficult not to discuss the merits and 

Blaise Pascal, in his book Arr Cogitandi states that fear of harm ought to be proportional not merely to the gravity of the harm but also to the probability of the event. It is also a fact of risk management that, under similar conditions, the occurrence (or non-occurrence) of an event in the future will follow the same pattern as was observed in the past. For a discussion on risk assessment and risk management see Ferguson (2008) and Bobbitt (2008). 

The ICAO Airport Planning Manual ensures a balance between airport development and ecological considerations. 

Cooperation in technical and economic areas would have to be further expanded to include safety and ecological factors in the technical field and all economic research in city planning and infrastructural development in the economic field. 

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