Synopsis: Time & dates: Dates: Years:


ART40.pdf

From priority-setting to articulation of demand: Foresight for research and innovation policy and strategy Luke Georghiou a,,

which sometime ago called‘‘wiring up the innovation system''4. In recent years there has been growth in for regional innovation

Futures 43 (2011) 243 251 A r T I C L E I N F O Article history:

Available online 18 november 2010 A b s T R A c T The paper addresses the application of foresight to research and innovation policy and strategy.

We note the emergence of a combination of corrective, disruptive and creative roles. 2010 Elsevier Ltd.

www. elsevier. com/locate/futures 0016-3287/$ see front matter 2010 Elsevier Ltd. All rights reserved. doi:

From this analysis we may conclude already that foresight has moved on from the type of objective setting that typified the large national foresight programmes of the 1990s.

L. Georghiou, J. Cassingena Harper/Futures 43 (2011) 243 251 244 can see a polarisation of approaches between, on the one hand,

In the simplest form, for example the US Critical technologies Program which ran from 1989 to 1998,

The 2 This section of the paper was developed initially for a presentation Foresight in Priority Setting Towards a European Initiative at a workshop‘‘Shaping the European Dimension of Foresight"28 february 1 march 2005, Brussels ftp://ftp

L. Georghiou, J. Cassingena Harper/Futures 43 (2011) 243 251 245 issue is how actionable such lists are.

L. Georghiou, J. Cassingena Harper/Futures 43 (2011) 243 251 246 relevant to end-users (e g. personal computing.

For example the Romanian Science and Technology foresight 2005 sought to reconstruct the RDI system around long-term perspectives.

A review for the 2006 FTA conference noted an increasing use of scenarios for the sector in the face of a number of pressures

L. Georghiou, J. Cassingena Harper/Futures 43 (2011) 243 251 247 success for business at least is defined very clearly in market terms,

It has long been understood that foresight in particular has a role in building shared strategies see Georghiou in 1996:‘‘

where coordinated action over a period of years is needed to put the system in place.''''30;

in recent years there has been a growing recognition that systemic failures are just as likely to impede successful innovation.

An early example of this concept was the Finnish Governments knowledge cluster programme of the mid-1990s.

J. Cassingena Harper/Futures 43 (2011) 243 251 248 actors which are important for innovation.

future for foresight in research and innovation policy Rationales for foresight activity have evolved in recent years to feature a range of research

J. Cassingena Harper/Futures 43 (2011) 243 251 249 engineering major changes required in EU research and innovation policy in the coming years.

toward integration of the field and new methods, Technological forecasting and Social Change 71 (3)( 2004) 287 303.2 T. Kuwahara, K. Cuhls, L. Georghiou, Foresight in Japan, in:

Concepts and Practice, Elgar, Cheltenham, 2007, pp. 170 183.3 R. Mu, Z. Ren, S. Yuan, Y. Quiao, Technology foresight towards 2020 in China:

the practice and its impacts, Technology analysis & Strategic management 20 (3)( 2008) 287 307.4 B. R. Martin, R. Johnston, Technology foresight for wiring up the national innovation system a review of recent

government exercises, Technological forecasting and Social Change 60 (1)( 1999) 37 54 (18pp..5 J. Gavigan et al.

FOREN Guide Foresight for Regional development Network A Practical Guide to Regional foresight, European commission, December 2001.6 H. Chesbrough, The era of open innovation, Sloan Management Review 44 (3)( 2003.

from trend based logics to open foresight, Technology analysis & Strategic management 20 (3)( 2008) 321 336.8 OECD, Choosing Priorities in Science and Technology, OECD, Paris, 1991.9 K

. Klusacek, Technology foresight in the Czech republic, International Journal of Foresight and Innovation policy 1 (1 2)( 2004) 89 105.10 K. Klusacek, Key technologies for the Czech National research Programme, in:

London, May 1993.13 SQW/PREST 1994 Prioritisation Criteria, A Paper to the UK Technology foresight Steering Group. 14 M. Keenan, Identifying generic technologies at the national level:

the UK experience, Journal of Forecasting 22 (2003) 129 160.15 A. Rip, A j. Nederhof, Between dirigism and Laissez-faire:

effects of implementing the science policy priority for biotechnology in The netherlands, Research policy 15 (1986) 253 268.16 R. Coombs, L. Georghiou, A new industrial ecology, Science 296 (2002

) 471.17 R. Coombs, R. R. Ford, L. Georghiou, Generation and Selection of Successful Research projects, A Research Study for the Technology Strategy Forum, 2001.

Concepts and Practice, Elgar, Cheltenham, 2007, pp. 112 130.19 P. Crehan, J. Cassingena Harper, Foresight in smaller countries, in:

Concepts and Practice, Elgar, Cheltenham, 2007, pp. 216 236.20 A. Havas, M. Keenan, Foresight in CEE countries, in:

Concepts and Practice, Elgar, Cheltenham, 2007, pp. 287 318.21 A. Sokolov, Identification of national S&t priorities areas with respect to the promotion of innovation and economic growth:

Human and Societal Dynamics, IOS Press, 2006, pp. 92 109.22 A. Sokolov, Russian Critical technologies 2015, European foresight monitoring Network Brief, 79.

a methodological experiment, Technological forecasting and Social Change 75 (4)( 2008) 558 582.26 K. Cuhls, R. Johnston, Corporate foresight, in:

, S. Schneider, Improving the business impact of foresight, Technology analysis & Strategic management 20 (3)( 2008) 339.29 P. Becker, Corporate Foresight in Europe:

A First Overview, Commission of the European communities, EUR 20921, October 2002, p. 10.30 L. Georghiou, The UK Technology foresight Programme, Futures 28 (4)( 1996) 361.31

R. Smits, S. Kuhlmann, The rise of systemic instruments in innovation policy, International Journal of Foresight and Innovation policy 1 (1/2)( 2004) 4 32.32 P. Warnke

Future-oriented technology analysis Strategic intelligence for an Innovative economy, Springer, 2008.33 L. Georghiou, Challenging Europe's research, Nature 452 (24)( 2008) 935 936.34 E. Aho, J. Cornu

, L. Georghiou, A. Subira, Creating an innovative Europe, Report of the Independent Expert Group on R&d and Innovation Appointed Following the Hampton Court Summit, January 2006.

L. Georghiou, J. Cassingena Harper/Futures 43 (2011) 243 251 250 35 V. Brummer, T. Ko nno la, A. Sahto, Foresight

experiences from the preparation of an international research program, Technological forecasting and Social Change 75 (4)( 2008) 483 495.36 M. Cariola, S. Rolfo, Evolution in the rationales of foresight in Europe

, Futures 36 (10)( 2004) 1063 1075.37 K. Blind, Regulatory foresight: methodologies and selected applications, Technological forecasting and Social Change 75 (2008) 496 516.38 J. Edler, L. Georghiou, Public procurement and innovation resurrecting the demand side, Research policy

36 (2007) 949 963.39 European commission, Communication: A Lead Market Initiative for Europe COM (2007) 860,21. 12.2007.40 R. Wilkinson, L. Georghiou, J. Cave, Public Procurement for Research and Innovation Developing Procurement

Practices Favourable to R&d and Innovation, European commission, September 2005, EUR 21793 EN. L. Georghiou, J. Cassingena Harper/Futures 43 (2011) 243 251 251


ART41.pdf

Foresight tackling societal challenges: Impacts and implications on policy-making§T. Ko nno la A f. Scapolo b, 1, P. Desruelle c, 2, R. Mud, 3 a Impetu Solutions

, Calle Vi'ctor Andre's Belaunde, 36,4 C, 28016 Madrid, Spain b European commission Directorate General Joint research Centre (JRC), Programmes and Stakeholders Relations

, Square de Meeu s, 8, Office SDME 10/84, B-1049 Brussels, Belgium c European commission Directorate General Joint research Centre (JRC), Institute

While foresight is used commonly in connection with the public-Futures 43 (2011) 252 264 A r T I C L E I N F O Article history:

Available online 19 november 2010 A b s T R A c T Foresight activities are conducted often to anticipate major societal future challenges

and society and (ii) its respective impacts and implications on policy. 2011 Published by Elsevier Ltd.§

www. elsevier. com/locate/futures 0016-3287/$ see front matter 2011 Published by Elsevier Ltd. doi:

/Futures 43 (2011) 252 264 253 Consensual future perspectives refer to the creation of common understanding on priorities, relevant collaborative networks and future actions.

/Futures 43 (2011) 252 264 254 Table 1 Selected foresight projects addressing societal challenges. Project Outcomes Future perspectives Management Stakeholder engagement Nordic ICT Foresighta 17 Informative Evaluations of key ICT applications, Nordic scenario set in context of ICT development, scenario

/Futures 43 (2011) 252 264 255 Table 1 (Continued) Project Outcomes Future perspectives Management Stakeholder engagement UK DCDC Global Strategic Trends Programme

Informative Identification of cross-dimensional analysis of the future context of defence in the next 30 years.

It applies trend analysis with a time-horizon of 30 years. Autonomous Expert group work.

/Futures 43 (2011) 252 264 256 Table 1 (Continued) Project Outcomes Future perspectives Management Stakeholder engagement FISTERA:

2020) and develop policy recommendations. Results were discussed with both DG Information society and DG Transport and Energy of the European commission.

Consensual‘‘Innovation 25''has set 5 scenarios of Japan society in 2025 and it includes‘‘Long Health Society'',Safe and Secure Society'',Society with Multiple Career Path,

/Futures 43 (2011) 252 264 257 Table 1 (Continued) Project Outcomes Future perspectives Management Stakeholder engagement National Technology roadmap in Korea Informative Learning about the technology

NTFC aims to provide also necessary information for making five-year plan of science & technology development.

Technology foresight towards 2020 in China Informative TF2020 aims to provide necessary information for making long term strategy for science and technology development in China,

Consensual TF2020 has set up 6 pictures of China development in 2020, and identified 734 key technologies in 8 research fields based on the Delphi survey.

f Commissioned by the Finnish Government. g A FP5 IST Thematic Network (2002 2005) coordinated by JRC-IPTS and managed in collaboration with DG Information society. h Commissioned by JRC-IPTS.

/Futures 43 (2011) 252 264 258 Sustainability: since the Brundlandt Commission 13, many alternative definitions of sustainability have been proposed

They are expected to improve the understanding of present 4 In 1997 the European commission published a"Green Paper"pointing at the development of a new Information society

1998 2002) a specific programme for research on a"User-friendly information society"."Today, with the i2010 policy framework, the EU aims to"promote the positive contribution that information

2007 2013. T. Ko nno la et al.//Futures 43 (2011) 252 264 259 and future challenges of the innovation system and its parts.

However, specific short-term actions are expected not necessarily after the projects. This setting relieves the participants partly from claiming value

/Futures 43 (2011) 252 264 260 considered extremely challenging due to high uncertainties related to the issue.

National Technology foresight in China and Technology foresight towards 2020 in China as well as National Technology roadmap in Korea were all strongly informative processes that were initiated to capture experts'views on future S&t challenges Hence,

Foresight on Information society Technologies in the European research area (2002 2005) was an FP5 IST Thematic Network coordinated by JRC-IPTS

since 1970.6 FTA projects in China in broad sense can be traced to‘‘The 12 Years Science Development Planning''made in 1956,

/Futures 43 (2011) 252 264 261 Information society. FISTERA highlighted priority application areas where R&d investments should be intensified in the future,

The Foresight project conducted in Canada through a series of collaborative projects aimed at emerging and frontier technology domains that could be important to national policy development process for the next ten years.

China is planning to make the 12th five years plan for science and technology development by using the knowledge generated from roadmap activity.

2007 2036''.''The trend-analysis is supported by a wide external consultation of experts in order to make the information included in the report both comprehensive and independent.

2020). ) The findings of the project showed that a large degree of uncertainty existed on impact of ICTS on the environment,

/Futures 43 (2011) 252 264 262 3. 5. Innovations foresight (diverse perspectives and instrumental outcomes) Innovations foresight can be characterised as instrumental processes with diverse

4. Conclusions In the past years, increasing attention has been paid to the relevance of foresight for policy-making by coming up with different characterisation and typology of different foresight projects (for instance, 7, 12,26, 27.

/Futures 43 (2011) 252 264 263 foresight is ever more important to position foresight as one of the key supporting tools for policy-making to anticipate how major societal challenges ahead can be addressed such as those tackled in this paper, e g. security, sustainability and information society challenges.

The 2008 FTA International Seville Conference, 2009, available at: http://forera. jrc. ec. europa. eu/fta 2008/intro. html. 2009-11-10). 2 R. Smits, S. Kuhlmann, The Rise of systemic instruments

in innovation policy, International Journal of Foresight and Innovation policy 1 (1)( 2004) 4 32.3 T. Ko nno la, G. C. Unruh, J. Carrillo-Hermosilla

, Toward prospective voluntary agreements: reflections from a hydrogen foresight project, Journal of Cleaner Production 15 (2007) 259 265.4 L. Georghiou, The UK technology foresight programme, Futures 28 (4)( 1996) 359

377.5 L. Georghiou, M. Keenan, Evaluation of national foresight activities, assessing rationale, process and impact. technological forecasting and social change, Technological forecasting and Social Change 73 (7)( 2005) 761 777.6 O. Da Costa, P. Warnke, C. Cagnin, F. Scapolo

, The impact of foresight on policy-making: insights from the FORLEARN mutual learning process, Technology analysis & Strategic management 20 (3)( 2008) 369 387.7 T. Ko nno la, T. Ahlqvist, A. Eerola, S. Kivisaari

, R. Koivisto, Management of foresight portfolio: analysis of modular foresight projects at contract research organisation, Technological Analysis & Strategic management 21 (3)( 2009) 381 405.8 M. Cariola, R. Secondo, Evolution in the rationales of foresight

in Europe, Futures 36 (10)( 2004) 1063 1075.9 T. Ko nno la, V. Brummer, A. Salo, Diversity in foresight insights from the fostering of innovation ideas

, Technological forecasting and Social Change 74 (2007) 608 626.10 A. Salo, T. Ko nno la, M. Hjelt, Responsiveness in foresight management:

reflections from the Finnish food and drink industry, International Journal of Foresight and Innovation policy 1 (1 2)( 2004) 70 88.11 O. Helmer, Looking Forward:

A Guide to Futures research, Sage, Beverly hills, 1983.12 R. Barre',Synthesis of technology foresight, in Strategic policy Intelligence:

Current Trends, the State of Play and Perspectives S&t Intelligence for Policy-making processes, Institute for Prospective Technological Studies (IPTS), Technical Report EUR-20137-EN, Seville, 2001

a co-evolutionary view Futures 20 (6)( 1988) 606 620.15 M. Castells, The Rise of the network society.

http://www. vtt. fi/inf/pdf/publications/2007/P653. pdf (2009-11-10). 18 Nordic H2 Energy Foresight for the Nordic Council

http://www. h2foresight. info (2009-11-10). 19 The EU Integrated Project IRRIIS Integrated Risk Reduction of Information-based Infrastructure Systems, available at:

lang=2&oiid=8661&pid=572 (2009-11-10). 20 Finnish Foresight Forum (in Finnish), available at:

www. rpm. tkk. fi/explorer/html/index ennakointifoorumi. html (2009-11-10). 21 FISTERA: Foresight on Information society Technologies in the European research area, available at:

http://fistera. jrc. ec. europa. eu/(2009-11-10). 22 Future impacts of ICTS on Environmental sustainability Project, available at:

id=1208 (2009-11-10). 23 R. Compan o',C. Pascu, J.-C. Burgelman, M. Rader, R. Saracco, G. Spinelli

I. Miles, 2006, in: Foresight on Information society Technologies in the European research area (FISTERA) Key Findings, Institute for Prospective Technological Studies (IPTS), Technical Report EUR-22319-EN, Seville, 2009, available at:

http://ipts. jrc. ec. europa. eu/publications/pub. cfm? id=1431 (2009-11-10). 24 A. Fujii, Foresight on information society technologies in Europe, in:

NISTEP Science & Technology trends Quarterly Review, no. 18,january 2006, pp. 24 34.25 F. Abadie, I. Maghiros, C. Pascu (Eds.),

The EPIS Annual Monitoring Synthesis Report, The Role of ICTS as Enabler for Energy efficiency, the European Perspectives on Information society (EPIS) project, 11/2008, EUR Number:

id=1919 (2009-11-10). 26 L. Georghiou, Third generation foresight: integrating the socioeconomic dimension, available at http://www. nistep. go. jp/achiev/ftx/eng/mat077e/html/mat077oe. html (2009/11/10), in:

Terminology and Methodology for Benchmarking Foresight programmes, For Society Transnational Foresight ERA NET, 2006. T. Ko nno la et al./

/Futures 43 (2011) 252 264 264


ART42.pdf

Methods and tools contributing to FTA: A knowledge-based perspective A. Eerola A i. Miles b a VTT Technical research Centre of Finland, Espoo, Finland b Manchester Institute of Innovation research, Manchester united Kingdom 1

Futures 43 (2011) 265 278 A r T I C L E I N F O Article history:

Available online 19 november 2010 A b s T R A c T Future oriented technology analysis (FTA) applied to innovation policy and practice often goes well beyond the narrow domain of technology forecasting.

The challenges of participatory knowledge management are seen to be particularly important ones to tackle. 2011 Published by Elsevier Ltd.*

www. elsevier. com/locate/futures 0016-3287/$ see front matter 2011 Published by Elsevier Ltd. doi:

We may not be able to know what the world population will be in 2050. There are reputable estimates,

For a more conventional far-future vision Last and First Men (1930) is a good introduction to this great author.

I. Miles/Futures 43 (2011) 265 278 266 beyond organising exchanges among (more or less closely associated) experts.

which they have been familiar for many years, with little acquisition of new approaches and little awareness of the costs, benefits and broader implications of alternative methods.

Matters have improved over recent years with more journals, more conferences and symposia providing opportunities for mutual learning

I. Miles/Futures 43 (2011) 265 278 267 As with other practices, FTA ACTIVITIES involve several phases,

Saritas (2007) provides a rathermore detailed account of five stages in FTA expanding the first and third of the sensemaking steps

I. Miles/Futures 43 (2011) 265 278 268 Many of the individual methods may be associated with more than one of the five steps,

or Coates'2025 11.7 This is not to endorse all of the specific conclusions or forecasts of either study.

I. Miles/Futures 43 (2011) 265 278 269 programmes and projects (discussed, for example, in the literatures on complex product systems,

Perhaps the least important but quite possibly a factor whose importance will grow in coming years is the rise of public concerns and associated social movements around many S&t issues.

and advanced IT in the early 1980s). Policymakers thus sought more transparency in decision-making, with foresight, technology assessment,

I. Miles/Futures 43 (2011) 265 278 270 Whatever mixture of the three goals is being pursued,

Several influential approaches to KM and organisational learning have emerged in recent years and we turn briefly to these. 9 5. Methods

I. Miles/Futures 43 (2011) 265 278 271 understanding themselves and their worlds, or whatever.

I. Miles/Futures 43 (2011) 265 278 272 management in a scenario workshop are discussed in the next section,

I. Miles/Futures 43 (2011) 265 278 273 forecasts, even background scenarios (e g.‘‘‘‘starter scenarios''to be elaborated) prepared by an expert team or in earlier studies.

I. Miles/Futures 43 (2011) 265 278 274 making. This is most likely to be accomplished by those who have participated in

Miles et al. 23 discuss numerous ways in which new IT is liable to be employed in FTA in coming years.

I. Miles/Futures 43 (2011) 265 278 275 One of the biggestkmchallenges that confront FTA,

In the UK, there had been major scenario work on strategies for developing a competitive edge in nanotechnology and literature/expert surveying of social issues associated with this field, in the early years of the present century.

the earlier studies mentioned in the text are the‘‘Taylor Report''(Advisory Group On Nanotechnology, 2002) 25 and (40 see also 41.

I. Miles/Futures 43 (2011) 265 278 276 safeguards and privacy-enhancing mechanisms...thereby encouraging people to accept

FTA may be expected to be transformed in the coming years. Existing methods will be rendered‘‘democratised more transparent and user-friendly while new tools that support collaborative working will be introduced.‘‘

problems and possibilities of prediction, Futures 21 (2)( 1999) 115 135.3 A l. Porter, et al. Technology Futures analysis Methods Working group, Technology futures analysis:

toward integration of the field & new methods, Technological forecasting and Social Change 71 (3)( 2004) 287 303.4 R. Johnston, Historical review of the development of future-oriented technology analysis, in:

1 (1)( 1999) 5 9. 10 R. Popper, Foresight methodology, in: L. Georghiou, J. Cassingena Harper, M. Keenan,

The Handbook of Technology foresight, Edward Elgar, Cheltenham, UK, 2008.11 J. F. Coates, J. B. Mahaffie, A. Hines, 2025:

1997 (available at http://www. josephcoates. com/2025 pdf. html (accessed 29/07/2009)).12 D. Loveridge, O. Saritas, Reducing the democratic deficit in institutional foresight programmes:

a case for critical systems thinking in nanotechnology, Technological forecasting and Social Change 76 (9)( 2009) 1208 1221.13 I. Miles, UK Foresight:

three cycles on a highway, International Journal of Foresight and Innovation policy 2 (1)( 2005) 1 34.14 T. Ko nno la, T. Ahlqvist, A. Eerola, S

. Kivisaari, R. Koivisto, Management of foresight portfolio analysis of modular foresight projects at contract research organisation, Technological Analysis & Strategic management 21 (3)( 2009) 381 405.15 E. Eriksson

Navigating the complex landscape of policy strategies, Technological forecasting and Social Change 75 (4)( 2008) 462 482.16 M. Jaspers, H. Banthien, J. Mayer-Ries, New forms

the case of‘Future',Seville, First International EU US Seville Seminar on Future-oriented technology analysis, 2004 (available at http://forera. jrc. ec. europa. eu/fta/papers

2002 http://www. risoe. dk/rispubl/SYS/ris-r-1362. htm (accessed 09/02/10). 22 A. Eerola, B. H. Jørgensen, Foresight in Nordic

and much more content of the study can be located by use of search engines including the presentation made at the FTA conference in 2006 43.14 We refer to Cole et al. 44,

I. Miles/Futures 43 (2011) 265 278 277 23 I. Miles, J. Cassingena Harper, L. Georghiou, M. Keenan, R. Popper, New Frontiers:

, Integrating FTA and risk assessment methodologies, Technological forecasting & Social Change 76 (2009) 1163 1176.25 Advisory Group on Nanotechnology, New dimensions for manufacturing:

a UK strategy for nanotechnology, London, Department of Trade and Industry, 2002 while the original webpage for this text widely cited as‘‘The Taylor Report''has been removed,

http://www. innovateuk. org/assets/pdf/taylor%20report. pdf (accessed 29/07/09). 26 ISTAG, Scenarios for Ambient Intelligence in 2010, in:

Opportunities and Uncertainties, Royal Society, London, 2005 (available at: http://www. nanotec. org. uk/finalreport. htm (accessed 29/07/09)).28 O. Stapledon, Last and First Men:

A Fantasy of Love and Discord, Secker and Warburg, London, 1944.31 C. Warden, An application of some knowledge management concepts in foresight, Technology foresight for Organizers, 2007, Module 1:

a comparison of two methods, Technological forecasting and Social Change 73 (6)( 2006) 679 704.34 H. Linstone, M. Turoff (Eds.

Management Information systems 25 (1)( 2001) 107 136.39 T. Rogers-Hayden, N. Pidgeon, Moving engagement‘‘upstream''?

''Nanotechnologies and the royal society and royal academy of engineering's inquiry, Public Understanding of Science 16 (3)( 2007) 345 364.40 S. J. Wood, R. Jones

, A. Geldart, The social and economic challenges of nanotechnology, Swindon Economic and Social science Research council, 2003 (available at:

from the Science to the Social the social, ethical and economic aspects of the debate, Swindon, Economic and Social research Council, 2007 (available at http://www. esrc. ac. uk/ESRCINFOCENTRE/Images

VUB Brussels University Press, Brussels, 2005. A. Eerola, I. Miles/Futures 43 (2011) 265 278 278


ART43.pdf

FTA and equity: New approaches to governance Cristiano Cagnin a,,*Denis Loveridge b, Ozcan Saritas b adg Joint research Centre Institute for Prospective Technological Studies, Calle Inca Garcilaso 3, 41092 Seville, Spain

Futures 43 (2011) 279 291 A r T I C L E I N F O Article history:

Available online 26 november 2010 A b s T R A c T FTA and equity addresses the need for multiple stakeholders'participation in public policy and corporate decision making thus leading to more democratic societies.

as well as those it still ought to consider. 2010 Elsevier Ltd. All rights reserved.**Corresponding author. E-mail addresses:

www. elsevier. com/locate/futures 0016-3287/$ see front matter 2010 Elsevier Ltd. All rights reserved. doi:

Ulrich Beck 2 coined the term‘the risk society'in 1986, but this was some time after the UK's Royal Society embarked, in 1981, on a series of conferences on the assessment and perception of risk.

Risk and perceptions of it are closely related to fear making the proper understanding of the real physical nature of risk of prime importance to framing regulations where the politics of fear may intrude irrationally.

Soddy 3, 4, in the 1920s, provided a particular form of scientific criticism of the conventional mantra.

By the early 1970s, the clamour for governance of S&t resulted in the formation of the PAU in the UK and the OTA in the USA;

New fora for involving the public in the governance of S&t came in many forms from the 1970s onwards,

All these procedures highlighted the breadth of the cascade of situations as they have evolved over the last 40 years.

/Futures 43 (2011) 279 291 280 both been disbanded under changing political regimes. Most recently, foresight studies have stormed onto the scene to become a global phenomenon.

Both of these fields have been evolving since the 1960s. Similarly, the continuing pressure for the public participation in science and technology decision-making processes, elsewhere called a‘democratic deficit'and coming from Greenpeace, the Friends of the Earth, the ETC Group,

/Futures 43 (2011) 279 291 281 As a counter-argument, Olsen 11 suggests that the process of governance may not always produce a precise and stable policy outcome.

/Futures 43 (2011) 279 291 282 To achieve this goal, a base of knowledge and abilities that are technically feasible

and Development in 1992 23 by representatives of 179 countries) and is at the heart of the quest for new forms of global governance. 5. Corporate industrial activity

/Futures 43 (2011) 279 291 283 CSR proponents have used four arguments to make their case 29:

/Futures 43 (2011) 279 291 284 CSR strategies may work under certain conditions 24, but they are highly vulnerable to market failures.

and the UN Global Compact Initiative (UNGCI) in the GRI G3 guidelines. 3 The UNGCI, launched by the United nations in 2000 in partnership with business,

since 1999 when the Dow jones Sustainability Indexes were created, closely followed by the FTSE4GOOD 24. Socially responsible investment is about investors taking ethical,

was calculated first worldwide in 1985 and FTSE was established as an independent company in 1995 http://www. ftse. com/about ftse/About ftse. jsp.

C. Cagnin et al.//Futures 43 (2011) 279 291 285 Corporate governance is then about strategic CSR,

which integrates value chain social impacts and investments in competitive context; it is developed the means by a firm to build a proper dialogue with stakeholders

The headline message from the 2006 World Economic Forum at Davos was that we are shifting from a world characterised increasingly by resource constraints to one which

/Futures 43 (2011) 279 291 286 beyond addressing global inequalities and cultural and religious divides.

Dignity, equity and peace together with globalisation, world trade, Africa and climate change were the highlights in the 2007 Annual Meeting.

On the same theme The World Economic Forum Annual Meeting 2008 opened with calls from the Co-Chairs to exercise‘‘The Power of Collaborative Innovation''to meet the top challenges of economic instability, climate change and equitable growth.

/Futures 43 (2011) 279 291 287 business and society if consistently invested in social initiatives

at least, the Second International Seville Conference on Future-oriented technology analysis (September 2006. The greater acknowledgement of the co-evolution of technology and society,

In the 2006 FTA Conference, the FTA COMMUNITY realised the need to address the imperative of improving the two-way linkage between knowledge and the building of a‘common world'.

/Futures 43 (2011) 279 291 288 community's readiness to address global issues and to building governance at a global level.

/Futures 43 (2011) 279 291 289 References 1 D. Large, Participation and representation, A Review of Sustainability Here and now, in part of The Great Debate:

Development Sustainability Environment, Newcastle Civic Centre on 27 september 2003 (available at: http://www. thegreatdebate. org. uk/GDDSEDL1. html, last visited on 03 october 2008.

2 B. Ulrich, Risk Society: Towards a New Modernity, Sage, London, 1992.3 F. Soddy, Cartesian Economics:

, L. Martel, The next 200 years, in: Associated Business Programs, 1976.6 H. Kahn, Thinking About the Unthinkable, Weidenfeld and Nicholson, 1962.7 H. Kahn, A. Weiner, The Year 2000:

A Framework for Speculation on The next Thirty-three Years, Macmillan, 1967.8 Lindblom, Politics Markets: The World's Political-Economic system, Basic books, 1977.9 Y. K. Sheng,

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heuristics, in: H. G. Daellenbach, R. L. Flood (Eds. The Informed Student Guide to Management Science, Thomson Learning, London, 2002,,

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The Art and Science of Anticipating the Future, Routledge, New york, 2009.15 H. G. Daellenbach, Systems thinking & Decision making:

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