Toward a model of organizations as interpretation systems.
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#FORESIGHT SYNONYM HOW TO#
Scenario planning in organizations: How to create, use, and assess scenarios.
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Corporate foresight in multinational business strategies. What a difference a word makes: Understanding threats to performance in a VUCA world. New Brunswick, Canada: Transaction Publishers. Corporate foresight in Europe: A first overview. Rothwell (Ed.), The encyclopedia of human resource management: HR forms and jobs aids: 265–266. Firm resources and sustained competitive advantage. Strategic Management Journal, 12: 449–461. Critique of Henry Mintzberg’s “The design school”: Reconsidering the basic premises of strategic management. Strategic Management Journal, 36: 1579–1596. Reconceptualizing entrepreneurial orientation. Should management theories take uncertainty seriously? Academy of Management Review, 43: 169–172. Technology Analysis and Strategic Management, 28: 1138–1151. Constructing and mobilising futures knowledge in an organisation: Foresight as a catalyst of dynamic strategic practice. It is argued that corporate foresight is of fundamental relevance to strategy and management scholarship due to four reasons: (a) corporate foresight can integrate with, enrich, and expand the dynamic capabilities framework by considering an additional, underinvestigated, future-oriented firm capability (b) the emergence of corporate foresight is an organizational phenomenon, closely aligned with the contingency theory of the firm (c) corporate foresight can favorably affect important organizational outcomes including learning, creativity, innovation, and performance via a mechanism to create competitive advantage that has not been previously explored by strategy and management scholarship and (d) further investigating corporate foresight from a strategy and management point of view opens a rich research agenda. Its main antecedents and outcomes are elaborated, and further research directions are discussed. Corporate foresight is defined, situated in the broader epistemological underpinnings of futures studies, theoretically inscribed in the dynamic capabilities’ framework, distinguished from related constructs, and deconstructed in its main components. Corporate foresight is a dynamic, firm-level capability that allows firms to evaluate future scenarios of the business environment, including systematic doomsday collapses. This article introduces the construct of corporate foresight to a strategy and management scholars’ audience.
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