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Home » RSM2517H – Futures Thinking: Developing Business Insight

RSM2517H – Futures Thinking: Developing Business Insight

General Information

Instructor(s)

  • Instructors TBC

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Applicable Major(s):
(c) = Core, (r) = Recommended

  • Business Design (r)
  • Leadership and Change Management (r)

Target Audience

Future business leaders who are interested in understanding how to think innovatively beyond evidence-based solutions, map uncertainty, and plan for a variety of future scenarios so they can manage projects and organizations in an increasingly VUCA (volatile, uncertain, complex & ambiguous) world. Students interested in Business Design, Social Innovation and Strategy will find this course valuable.

Format

12 Weekly Sessions — There is a final presentation in the last class session.  Reflection and team evaluation deliverables are due one week after Class 12.

Course Mission

Equip students with the tools and techniques to imagine multiple possible futures that can inform present decision-making and contribute to the design of sustainable action plans. 

Course Scope

Students will learn the fundamentals, methods and application of Futures Thinking (when, why, and how it is practiced), and build an in-depth understanding about the practice of Futures Thinking in the context of business design, including real-world cases and in-class presentations by practitioners. After being introduced to the basic principles and process of Futures Thinking, students will engage in a client-based project. This futures-focused design project will be facilitated through a series of hands-on exercises that provide students with several practical approaches for the application of Futures Thinking to business planning and innovation. 

Evaluation and Grade Distribution

ComponentDue DateWeight
Participation/Discussions (individual)Ongoing10%
Mini-analysis x 3: Individual write-ups of team exercisesAfter Class 4, 6, 830%
Final Project Reporting & Presentation (group)Class 1230%
Reflection (individual)Ongoing & After Class 1220%
Team 360 EvaluationAfter Class 1210%

Required Resources

  • How to Future: Leading and Sense-making in an Age of Hyperchange – Scott Smith & Madeline Ashby
  • The Signals are Talking: Why Today’s Fringe is Tomorrow’s Mainstream – Amy Webb
  • 4 Steps to the Future: A Quick and Clean Guide to Creating Foresight – Richard A. K. Lum
  • Strategic Reframing: The Oxford Scenario Planning Approach – Rafael Ramirez & Angela Wilkinson
  • Solving Tough Problems: An Open Way of Talking, Listening, and Creating New Realities – Adam Kahane

Last Updated: 2021-08-25 @ 10:57 am