Socio-political forecasting and management information systems

This paper is an attempt to place the forecasting of socio-political variables in the context of actual information needs of industrial companies. Initially discussion is of the effect of socio-political variables upon companies with a review of this significance for decision makers and decision takers. An attempt is then made to categorise existing forecasting techniques in the context of socio-political data whilst regard is paid to the possible effects of socio-political variables on companies. Discussion is then broadened to a consideration of current practice both in the UK and in the USA. Problems implicit in current practice are commented upon and the paper ends with the conclusion that socio-political forecasting is currently significant to many companies and that there is a major potential role for management scientists to play in the development and implementation of appropriate techniques.