Strategic Foresight in Multinational Enterprises: Building a Best-Practice Framework from Case Studies

Emerging Methods in R&D Management Conference, pp. 10-20, 2008

10 Pages Posted: 13 Feb 2010

See all articles by René Rohrbeck

René Rohrbeck

Aarhus BSS, Aarhus University

Hans Georg Gemünden

Technical University of Berlin

Date Written: June 18, 2008

Abstract

In many industries, companies are faced with disruptions from emerging technologies, from the political and legislative environment, from alternative business models or from socio-cultural shifts. Research on strategic foresight (SF) has been aimed at investigating how companies achieve to identify, anticipate and manage disruptions and prepare for an uncertain future. The research is based on the observation that strategic management in large companies is characterized by certain ignorance towards any changes occurring outside their current business area, and that to maintain a competitive position over time continuous scanning, interpreting and reaction to such changes need to be established.

Many studies have been able to show that establishing an SF system is judged as crucial by corporate management, but that paradoxically the implementation of successful practices remains limited. This can be attributed to the limited knowledge about best practices as well as the lack of professional associations dedicated to advancing management practices in the field of SF. This study builds on a review of past studies as well as evidence from case studies in 15 companies in which 84 interviews have been conducted. As a result a framework is proposed that allows the comparison of SF practices within 5 dimensions and 19 key characteristics.

Keywords: Corporate Foresight, Strategic Foresight, Innovation Management, Organizational Future Orientation

JEL Classification: E17, M1, M19

Suggested Citation

Rohrbeck, René and Gemuenden, Hans Georg, Strategic Foresight in Multinational Enterprises: Building a Best-Practice Framework from Case Studies (June 18, 2008). Emerging Methods in R&D Management Conference, pp. 10-20, 2008. Available at SSRN: https://ssrn.com/abstract=1552318

René Rohrbeck (Contact Author)

Aarhus BSS, Aarhus University ( email )

Fuglesangs Allé 4
Aarhus V, 8210
Denmark
+45-871 64929 (Phone)

HOME PAGE: http://www.rene-rohrbeck.de

Hans Georg Gemuenden

Technical University of Berlin ( email )

Strasse des 17
10623 Berlin
Germany

Register to save articles to
your library

Register

Paper statistics

Downloads
1,449
rank
11,704
Abstract Views
4,368
PlumX Metrics