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http://ssrn.com/abstract=2194787
 
 

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


René Rohrbeck


University of Aarhus - Business and Social Sciences, Department of Business Administration

Jan Oliver Schwarz


EBS Universität für Wirtschaft und Recht - EBS Business School

December 30, 2013

Technological Forecasting and Social Change, Forthcoming

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 an enhanced capacity to perceive change, an enhanced capacity to interpret and respond to change, influencing other actors, and through an enhanced capacity for organizational learning.

Number of Pages in PDF File: 44

Keywords: strategic foresight, value creation, weak signals, organizational future orientation

JEL Classification: E17, M1, M19

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Date posted: December 30, 2012 ; Last revised: February 20, 2013

Suggested Citation

Rohrbeck, René and Schwarz, Jan Oliver, The Value Contribution of Strategic Foresight: Insights from an Empirical Study on Large European Companies (December 30, 2013). Technological Forecasting and Social Change, Forthcoming. Available at SSRN: http://ssrn.com/abstract=2194787

Contact Information

René Rohrbeck (Contact Author)
University of Aarhus - Business and Social Sciences, Department of Business Administration ( email )
Bartholins Allé 10
Aarhus, 8000
Denmark
+45-871 64929 (Phone)
HOME PAGE: http://www.rene-rohrbeck.de
Jan Oliver Schwarz
EBS Universität für Wirtschaft und Recht - EBS Business School ( email )
Gustav-Stresemann-Ring 3
65189 Wiesbaden, Hessen
Germany
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