Value Creation from Networked Foresighting in the EIT ICT Labs

Abstract

Results from an in-depth study of networked foresighting are presented, and the added value for the nodes in the network forming the organization under study analyzed. The network’s nodes use the results to a very high degree for data collection and activity initiation. Benefits include new insights and outside opinions from a trusted network. Foresighting results are used less for sensitive aspects such as guidance for strategy, decision-making and fundamental organizational issues such as path-dependency. Here, the results were found to be too general and not applicable to needs. The network itself benefits from foresight in most known ways, i.e. for triggering responses, starting and facilitating strategic discussions and change, identifying needed resources, and several secondary uses. New aspects valid for the network itself but less for its nodes were identified.

Keywords: Corporate Foresight, Networked Foresight, Innovation Networks, Collaboration for Innovation, Open Innovation

JEL Classification: E17, M1, M19, O32, O33