MIGHT FIRST™ MATRIX
Making Sense Of Different Perspectives
The world is increasingly experiencing a dynamic environment, where unexpected change is the norm rather than the exception. Strategic foresight uses a variety of methods to assess possible future events. Combining different foresight methods and integrating expert opinions transform the strategic foresight process into a powerful but major undertaking. Such insights require the best understanding of the drivers of change and megatrends. This skill set is needed to deal with complex, multi-dimensional issues, many of them interconnected and interdependent. Change in technologies, service models, the natural environment, and entire societies is so rapid that it is hard to keep up. And that task - making sense of those rapid changes - is not easy, but it is necessary to avoid from becoming a game of chance. While we can never be sure of what the future brings, developing different scenarios is important. Plus, we are dealing with a vast amount of information and perspective be it now or pertaining to the future. Therefore, making sense by connecting and structuring that information through foresight activity is a key ingredient in this complexity pie, as we look out for changes in the world.
Funding allocation, infrastructure availability, regulatory and policies in place, skills and talents, and technology innovation and adoptions are interwoven issues that may hinder or accelerate change or development, whereby availability or unavailability in one of it may alter the strategies formulation. The MIGHT FIRST™ analysis derived from these five main components of common basis of framework development which are Funding & Finance, Infrastructure, Regulatory, Skills and Talents, and Technology as these perspectives are inevitably interrelated and possess equal importance in framing forward looking and holistic strategies.
The overall analysis in this report will look into these five perspectives:
MIGHT FIRST™ FIVE MAIN COMPONENTS
Funding & Finance Monetary capacity is indeed a critical issue that might drives development, innovation and undertakings of initiatives and planning, strategically or slows it down. Discussions about monetary capacity not only about the availability of annual allocation, but also considering other related matters such as sources of income and savings, external funding that can be tapped on, management of the organisation’s financials and its investment plans and projects.
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Malaysian Technology Strategic Outlook 2019/2020 Intergration of High Technology
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