HOW STRATEGIC FORESIGHT
CREATES BUSINESS INSIGHT
Have you heard about Strategic Foresight? No, it’s not a tool that is used to predict the future. Rather it prepares business to make informed decisions about tomorrow by exploring hidden, emerging and trending phenomena. It does this by using quantitative and qualitative data, frameworks, and tools to build long-term visions of what the future might be.
That’s because Strategic Foresight knows there is no one future outcome, but rather a range of possibilities. Therefore, it seeks to identify signals and trends affecting the business so it can forecast how these may play out in a range of future scenarios.
At Exxaro, our Strategic Foresight capability is overseen by the Strategy and Business Transformation Team, who help assess and stress-test the organisational strategy by:
Making sense of, and interpreting, the ‘noise’ that is relevant to Exxaro.
Assessing the robustness of the organisational strategy to changing market conditions.
Determining a future-fit strategy based on emerging signals and trends.
Want to know more?
To find out what we are busy with right now, get in touch through the SHAREPOINT SITE.
In upcoming issues, we will be sharing more insights into Exxaro’s Strategic Foresight methodology, framework, as well as a deep-dive into selected signals and trends.
“Theft is commonly defined as “the taking of another person’s property or services without that person’s permission or consent, with the intent to deprive the rightful owner of it.”
The relationship between an employer and employee is based on good faith. When one party breaks that agreement
by committing theft, the trust is broken and the relationship is damaged, which often results in a summary dismissal.
But what is the role and responsibility of someone who witnesses theft at work?
Here’s a scenario…
Sipho, John and Solomon work at one of Exxaro’s Mines. One day, when Sipho and John were working overtime, they noticed Solomon wriggling through an opening in the storage cage and putting tools and other items in his backpack. He then carefully replaced the opening and went home. Sipho and John were shocked at what they witnessed, but were too afraid to report the incident to their manager. They were afraid that they would be called into a disciplinary hearing or be victimised by Solomon.
When Sipho told his wife, she suggested he phone Tip-offs Anonymous. He called the contact centre agent, who quickly explained that he did not have to give his name or details. The call would only be recorded for Tip-offs Anonymous. The recorded message would never be sent to the company. So Sipho gave as much detail as possible and the contact centre agent gave him a reference number, in case the incident happened again or he wanted to add more detail to the report. The contact centre agent sent a detailed report to the Audit and Assurance team at Head Office to investigate the case further.
Tip-offs Anonymous does not get involved in the investigation at all. Sipho was relieved his identity would remain protected and that he was able to act ethically by reporting the theft to Tip-offs Anonymous.
Theft in any organisation must be reported. Theft affects your bonus, your increase and our company’s bottom line.
Don’t close your eyes to theft. Report it!
<
>