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Weighing foresight with due diligence and the precautionary principle

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Abstract:

PurposeThe purpose of this paper is to demonstrate with examples the prudence of using or not using ample precautions before launching a strategy or plan of foresight. Design/methodology/approachA series of practical episodes illustrate the effects of predetermined care and precaution, or their absence, in different fields of human endeavour. FindingsWith foresight and determination, pondered safeguards may spell out beforehand the success or failure of an undertaking. Research limitations/implicationsAccording to the span and scope of available historical experience, getting the future right often seems more difficult than getting it wrong, Originality/valuePlanners, strategists and designers should profit from the types of cases reviewed to ensure the solidity of their procedural foresight today for its implementation tomorrow.

Keywords: Plans; Risk management; Strategic evaluation

Document Type: Research Article

DOI: http://dx.doi.org/10.1108/14636680910936413

Publication date: February 20, 2009

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