Futurists and Their Ideas—Change Masters: Weiner, Edrich, Brown, Inc.
By Edward Cornish
Pioneering business futurists explain how they have developed the art and science of trend analysis.
Under the leadership of Arnold Brown and Edie Weiner, the futurist consulting firm of Weiner, Edrich, Brown, Inc., has been a pioneer in identifying and analyzing the changes that affect business and other aspects of human life. This article explains how they developed trend analysis as a business tool.
Back in the 1960s, insurance companies in North America became alarmed at the turmoil and violence then shaking the world. Young people were rioting. War raged in Vietnam and elsewhere. Several nations threatened each other with atomic bombs. And in the midst of the uncertainty, assassins killed U.S. President John F. Kennedy and civil rights leader Martin Luther King Jr.
Trend Analysis in Action
By Edie Weiner
Here are a few examples of the trend analysis work that Weiner, Edrich, Brown has produced for our clients:
- In the mid-1970s, seeing how life cycles were changing and how this could affect the life insurance business, we convinced a major insurer to introduce Variable Life Insurance. They did, and within two years, it was accounting for more than 50% of the company’s new revenues from premiums.
- In the early 1980s, a popular book on trends counseled that the North and East U.S. were waning, and all the growth prospects were in the South. We saw a dozen indicators why that was not entirely true, and when one major insurance company we were working with was following the path of the other insurers, violating their investment guidelines and placing too much emphasis on the South, we urged them to pull back. Two years later, when there were problems with overdevelopment in the South, the insurer we counseled had the smallest mortgage default portfolio of all of their peers, making a difference of many millions of dollars in their investment returns.
- In the late 1980s, seeing emerging energy trends, we counseled a global automation company to get into the field of hybrid and fuel-cell technology. As a result of our urging, they sent a delegation to an energy conference featuring the new technology. Within two years, they formed a separate division focusing on this alternative energy, appointed a president, and were successfully advancing the field.
- Also in the late 1980s, we identified Islamic finance as a significant emerging factor on the world economic scene. We convinced a major global insurer to get into Islamic finance, which is conducted quite differently and with which many Western companies were unfamiliar. It became a highly successful business for them.
Among our accomplishments in the past decade:
- As a result of our discussions about advances in neuroscience and brain imaging, a major food company client used the new research to improve product packaging.
- As a result of our Fast Forward innovation session, a major payment systems company started to successfully penetrate the student market.
- As a result of the thinking technologies featured in our latest book, FutureThink, the kick-off module in the innovation center of a Fortune 50 company was reshaped to focus on our concepts, leading to several successful innovations in the company, some of which are now household names.
Edie Weiner is president of Weiner, Edrich, Brown, Inc., 200 East 33rd Street, Suite 9-I, New York, New York 10016. Web site www.WeinerEdrichBrown.com.
Weiner, Edrich, Brown, Inc., principals:
Arnold Brown, chairman. Arnold is a former board chairman for the World Future Society and now serves on its Global Advisory Council. His most recent article for THE FUTURIST, “Relationships, Community, and Identity in the New Virtual Society,” was published in the March-April 2011 issue.
Edie Weiner, president. Edie is a specialist in marketing, product development, and strategic planning, and has been a popular speaker at many World Future Society conferences. In 2011, she received the Society’s Lifetime Achievement Award.
Erica Orange, vice president. Erica’s specialties are social, technological, economic, and political trends. She has written frequently for THE FUTURIST, most recently in the July-August 2011 issue, “Augmented, Anonymous, Accountable: The Emerging Digital Lifestyle.”
Jared Weiner, vice president. Jared, now serving on the World Future Society’s board of directors, focuses on emerging trends in the global marketplace. He and Erica, along with others, have developed a series of popular sessions on Global Youth Culture for the Society’s annual conferences.
The insurance companies recognized that they faced colossal liabilities to their policy holders. (The liability for a single death typically runs into many thousands of dollars.) The companies also feared that the U.S. government might institute a nationwide insurance program financed by taxpayers. If that were to happen, it could wipe out the traditional insurance business overnight.
Faced with this uncertainty, the Institute of Life Insurance in New York City assigned Arnold Brown, a recent graduate of the University of California, Los Angeles, to collect and disseminate information about what was happening in the world that might affect the insurance business.
Brown knew little about life insurance, but he quickly set out to discover what was happening in the world that might affect the insurers.
“I knew that large insurance companies already had a lot of information about social change, thanks to the extensive public-opinion research they did,” says Brown. “So it seemed to me that the problem was not a lack of information. It was not knowing how to use the information that was available.”
At about this time, Brown came across a book on “environmental scanning” by Harvard Business School professor Frank Aguilar. Intrigued, Brown went to see Aguilar and explored with him how his concept could be implemented. He put together an advisory committee of insurance executives and social scientists to help create what would become the insurance industry’s Trend Analysis Program.
“I started with some specific ideas,” says Brown. “The work should be objective, avoiding bias; it should be linked to action—not just an academic exercise—and it should involve the people in the life insurance business at all levels, because I knew that the only way to get people to act on information about change is to have them develop the information themselves!”
The committee then decided to monitor publications in a systematic manner and prepare abstracts of relevant items. The abstracts would then be analyzed by a group that would identify specific implications for the life insurance business and report the findings to a more senior group, which would develop recommendations for action.
A Major Innovation
When Brown and his colleagues launched the Trend Analysis Program in 1969, it was the first systematic environmental scanning effort in American business, and it was an immediate success!
The following year, Edie Weiner, who had just graduated from the City College of New York, came to work for the Institute in its research department under Hal Edrich.
“Edie joined the team I had put together,” Brown recalls, “and it was immediately apparent that she was exceptionally talented and had an amazing gift for futurism. I moved her up to the analysis group very quickly. A couple of years later, when I became a senior executive and could not devote the necessary time to the Trend Analysis Program, it was turned over to Edie, who was then only 23.”
Early on, the Trend Analysis Program began to get attention beyond the insurance business. Brown and Ian Wilson, a futurist at General Electric’s New York headquarters, formed a small group of business futurists who met periodically to discuss methods and problems.
“We were written up in publications such as the Wall Street Journal and Harvard Business Review,” Brown recalls. “People from many companies wanted our information and came to visit us.”
In 1977, the Institute of Life Insurance decided to move to Washington, D.C. Says Brown: “Edie, Hal Edrich, and I did not want to go, so we decided to start a consulting firm to help organizations do scanning, using the Trend Analysis Program, which had, by then, become widely accepted.”
Since then, Weiner and Brown have also collaborated on several insightful and popular business trend books: Supermanaging: How to Harness Change for Personal and Organization Success (McGraw-Hill, 1984), Office Biology or Why Tuesday Is Your Most Productive Day and Other Relevant Facts for Survival in the Workplace (Master Media, 1994), Insider’s Guide to the Future (Bottom Line, 1997), and FutureThink: How to Think Clearly in a Time of Change (Pearson-Prentice Hall, 2006).
Today, bolstered by the talents of Jared Weiner (Edie’s son and a World Future Society board member) and Erica Orange as vice presidents, the Weiner, Edrich, Brown consultancy serves businesses of all types. All four principals have become enormously popular as speakers at World Future Society conferences and will be presenting at WorldFuture 2012 in Toronto this July.
About the Author
Edward Cornish is the founding editor of THE FUTURIST and futurist-in-residence for the World Future Society. E-mail ecornish@wfs.org.
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