Corporate Foresight and Strategic Decisions

Corporate Foresight and Strategic Decisions
Author: S. Marinova
Publisher: Springer
Total Pages: 368
Release: 2013-11-29
Genre: Business & Economics
ISBN: 1137326972

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This study investigates the relationships between corporate foresight and management decision-making processes in organizations. It provides an extensive analysis of extant theories of corporate foresight and strategic management, brings in new insights, and presents an in-depth case study exploration of corporate foresight of a European bank.

The Impact of Corporate Foresight on Strategic Decisions

The Impact of Corporate Foresight on Strategic Decisions
Author: Claudio G?mez Portaleoni
Publisher:
Total Pages:
Release: 2011
Genre:
ISBN:

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In increasingly competitive, complex and volatile environments, the urge to fully understand the future and to thereby deduce insights for strategic processes has - over the past decades - always been of great interest to academics and practitioners. Corporate foresight related research has, however, provided only limited insight to date. The following thesis is based upon a trichotomous analytical framework which scrutinises corporate foresight and its impact on strategic decisions in order to investigate how managers, organisations and the environment influence the phenomenon and its manifestations. The intermediary concept of judgement thereby intends to explain how corporate foresight results can possibly be integrated into strategic decision-making processes. The research data is collected via formal and informal interviews, document analyses and observations within a European bank consisting of multiple business units and segments. The findings reveal that corporate foresight manifests itself in numerous forms and locations. Moreover, it was ascertained that manifold influences from both the internal and external environment affect corporate foresight and its impact on strategic decisions. Further findings additionally illustrate that future perceptions occur in a more quantitative fashion in a banking context. This study finally suggests that the integration of corporate foresight into strategic decisions is not only specified by the phenomenon's manifestation, but also by strategic decision-makers' judgements regarding corporate foresight itself.

Corporate Foresight

Corporate Foresight
Author: René Rohrbeck
Publisher: Springer Science & Business Media
Total Pages: 240
Release: 2010-11-04
Genre: Business & Economics
ISBN: 379082626X

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Have you ever wondered why even large companies fail when faced with changes in their environment? Would you be surprised to learn that the average life expectancy of a Fortune 500 company is below 50 years? This book presents findings from 19 case studies in multinational companies such as Siemens, Volkwagen, General Electric, Philips and Deutsche Telekom. René Rohrbeck proposes a Maturity Model to assess how prepared a company is to respond to external (disruptive) change. He uses data from 107 interviews with board members, corporate strategists, innovation managers, and corporate foresight professionals to present and discuss best practices. Using illustrations to show the complex interaction of corporate foresight with other units such as innovation and strategic management, René Rohrbeck provides the reader with rich insights on how to make an organization agile and reactive towards change. For scholars this book proposes multiple hypotheses and frameworks for future research.

Corporate Foresight

Corporate Foresight
Author: Alberto F. De Toni
Publisher: Routledge
Total Pages: 234
Release: 2020-10-29
Genre: Business & Economics
ISBN: 1000216128

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The world changes like the patterns in a kaleidoscope: trends expand, contract, break up, melt, disintegrate and disappear, while others are formed. Change – as opposed to stasis – is our normal condition, the only certainty in our lives, hence the need to create tools that provide organizations with the means to tackle change and navigate complexity. We must accept the reality of constant change and be prepared for a heavy shift in perspective: interconnection versus separation, acceleration versus linearity and discontinuity versus continuity. Anticipating the future requires more than the traditional predictive models (forecasting) based on the forward projection of past experiences. Advanced methods use anticipation logic (foresight) and build probable scenarios taking into account weak signals, emerging trends, coexisting presents and potential paths of evolution. Corporate foresight is fundamental to interpret and lead change. The two cornerstones of foresight are organization and management. As concerns organization, the authors advocate the separation of research (oriented to the market of tomorrow) from development (oriented to the market of today), the establishment of a foresight unit and the concentration of research activities mainly on the acquisition and recombination of external know-how. As regards management, after an overview of state-of-the-art literature on forecasting methods, the authors propose the implementation of a "future coverage" methodology, which enables companies to measure and verify the consistency between trends, strategic vision and offered products. These organizational and managing tools are then tested in a case study: the Italian company Eurotech SpA, a leader in the ICT sector.

Strategic Foresight

Strategic Foresight
Author: Patricia Lustig
Publisher: Triarchy Press
Total Pages: 188
Release: 2015-07-14
Genre: Business & Economics
ISBN: 1909470686

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This is a practical (field) guide to foresight and foresight tools for leaders in business, the public sector and NGOs, to aid their practice in strategy, decision making and change.

Corporate Foresight and Innovation Management

Corporate Foresight and Innovation Management
Author: David Sarpong
Publisher: Taylor & Francis
Total Pages: 159
Release: 2020-06-29
Genre: Business & Economics
ISBN: 1000145174

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This book sheds light on what has come to be known as corporate foresight and its influence on innovation management. Throughout the book, the contributors examine the practice of corporate foresight and how it may lead to the identification of opportunities for innovation. They also explore the complex processes and conditions that may enable (or impede) the potential of contemporary organizations to capture value from their corporate foresight exercises. Representing an interesting mix of competing ideas and perspectives, the book offers deep insights into the interactive effects of corporate foresight and its contribution to innovation management. This book was originally published as a special issue of Technology Analysis & Strategic Management.

Strategic Foresight

Strategic Foresight
Author: A. Marcus
Publisher: Springer
Total Pages: 218
Release: 2016-04-30
Genre: Business & Economics
ISBN: 0230622658

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This book provides students and line managers in organizations with the means to create better scenarios and to use them to create winning business strategies. The book covers scenarios such as: economic outlooks; political environments; acquisitions; downsizing, and more.

Futures Thinking and Organizational Policy

Futures Thinking and Organizational Policy
Author: Deborah A. Schreiber
Publisher: Springer
Total Pages: 435
Release: 2018-12-19
Genre: Business & Economics
ISBN: 3319949233

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This book proposes that organizational policies are what ensure the institutionalization and sustainability of futures thinking in organizations. It presents several case studies from corporations and other institutions that describe effective use of foresight methods and internal policies to respond to rapid change. The case studies address changing trends in technology, globalization and/or workforce diversity, and the impact on the economic and political well-being of the organization. The editors also develop an organizational capability maturity model for futures thinking as well as providing questions for discussion that promote critical review of each case chapter. This book will inform scholars and organizational leaders how best to utilize foresight methodologies and organizational policies to sustain successful management strategies within futures thinking organizations. Chapter 9 is available open access under a Creative Commons Attribution 4.0 International License via link.springer.com.

Scenario Thinking

Scenario Thinking
Author: R. Bradley MacKay
Publisher: Cambridge University Press
Total Pages: 175
Release: 2018-10-04
Genre: Business & Economics
ISBN: 1108664318

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This Element infuses established scenario planning routines with an exploration of cognitive reasoning, by contextualising scenario thinking within the wider human endeavour of grappling with future uncertainties. A study of ancient civilisations shows that scenario thinking is not new, but has evolved significantly since ancient times. By de-coupling scenario thinking from scenario planning, it is elevated as the essential ingredient in managerial foresight projects. The historical theme continues, focussing on the evolution of modern scenario planning, by way of the French and Anglo-American schools of thought, using the intuitive logics methodology. Archival research has discovered early contributions in the UK around the development and use of scenario thinking in public policy, which has been overlooked in many received histories. Finally, the usefulness of scenario thinking for strategic management is challenged here and the argument that it is a heuristic device for overcoming cognitive biases and making better strategic decisions is refined.