The Value Contribution of Strategic Foresight: Insights from an Empirical Study Among Large European Companies

Technological Forecasting and Social Change, vol. 80, no. 8, pp. 1593-1606, 2013

Posted: 19 Mar 2014

See all articles by René Rohrbeck

René Rohrbeck

EDHEC Business School

Jan Oliver Schwarz

Aarhus University - School of Business and Social Sciences

Date Written: 2013

Abstract

This paper focuses on exploring the potential and empirically observable value creation of strategic foresight activities in firms. We first review the literature on strategic foresight, innovation management and strategic management in order to identify the potential value contributions. We use survey data from 77 large multinational firms to assess how much value is generated from formalized strategic foresight practices in these firms. We show that it is possible to capture value through (1) an enhanced capacity to perceive change, (2) an enhanced capacity to interpret and respond to change, (3) influencing other actors, (4) and through an enhanced capacity for organizational learning.

Keywords: Strategic foresight, Value creation, Weak signals, Organizational future orientation

Suggested Citation

Rohrbeck, René and Schwarz, Jan Oliver, The Value Contribution of Strategic Foresight: Insights from an Empirical Study Among Large European Companies (2013). Technological Forecasting and Social Change, vol. 80, no. 8, pp. 1593-1606, 2013, Available at SSRN: https://ssrn.com/abstract=2410816

René Rohrbeck (Contact Author)

EDHEC Business School ( email )

France

HOME PAGE: http://edhec.edu

Jan Oliver Schwarz

Aarhus University - School of Business and Social Sciences ( email )

Bartholins Allé 10
Aarhus, 8000
Denmark

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