Open Foresight: Exploiting Information from External Sources

21 Pages Posted: 15 Apr 2016

See all articles by Daniel Ehls

Daniel Ehls

Institute for Technology and Innovation Management; Crowd Innovation Lab

Sabrina Korreck

University of Hamburg

Reimo Jahn

University of the German Federal Armed Forces - Helmut Schmidt Universität

Michael Zeng

University of the German Federal Armed Forces - Helmut Schmidt Universität

Sara Heuschneider

Hamburg University of Technology (TUHH)

Cornelius Herstatt

Technical University Hamburg-Harburg (TUHH)

Hans Koller

University of the German Federal Armed Forces - Helmut Schmidt Universität

Sebastian Spaeth

University of Hamburg

Date Written: April 13, 2016

Abstract

Anticipating future developments is an important activity to proactively address upcoming threats and opportunities for firms, frequently concentrated in the business function Corporate Foresight. While the concept of Corporate Foresight is well established, recently the term ‘Open Foresight’ emerged, describing an open perspective towards the environment and incorporating external sources into foresight activities. However, in relation to the development of the foresight research field knowledge from external sources has never been neglected in foresight processes as a way to anticipate different future developments. A strength and innate characteristic of foresight is its openness to external signals. Addressing this contradictory view, this papers proposes a reconciled view on ‘Open Foresight’ and why an open minded view and incorporation of latest developments, also from neighboring research field helps to improve Corporate Foresight and anticipating future developments.

Keywords: Open Foresight, Distributed Information Sources, Corporate Foresight, Innovation Management, Technology Intelligence

JEL Classification: E17, M1, M19

Suggested Citation

Ehls, Daniel and Korreck, Sabrina and Jahn, Reimo and Zeng, Michael and Heuschneider, Sara and Herstatt, Cornelius and Koller, Hans and Spaeth, Sebastian, Open Foresight: Exploiting Information from External Sources (April 13, 2016). Available at SSRN: https://ssrn.com/abstract=2764208 or http://dx.doi.org/10.2139/ssrn.2764208

Daniel Ehls (Contact Author)

Institute for Technology and Innovation Management ( email )

Schwarzenbergstrasse 95
Hamburg, DE Hamburg 21073
Germany

Crowd Innovation Lab ( email )

1875 Cambridge Street
Cambridge, MA 02138
United States

Sabrina Korreck

University of Hamburg ( email )

Allende-Platz 1
Hamburg, 20146
Germany

Reimo Jahn

University of the German Federal Armed Forces - Helmut Schmidt Universität ( email )

Hamburg
Germany

Michael Zeng

University of the German Federal Armed Forces - Helmut Schmidt Universität ( email )

Hamburg
Germany

Sara Heuschneider

Hamburg University of Technology (TUHH) ( email )

Schwarzenbergstrasse 95
Hamburg, DE Hamburg 21073
Germany

HOME PAGE: http://https://www.tuhh.de/tim/team/heuschneider_en.html

Cornelius Herstatt

Technical University Hamburg-Harburg (TUHH) ( email )

Hamburg, D-21071
Germany

Hans Koller

University of the German Federal Armed Forces - Helmut Schmidt Universität ( email )

Holstenhofweg 85
Hamburg, 22008
Germany

Sebastian Spaeth

University of Hamburg ( email )

Von-Melle-Park 9
Hamburg, 20146
Germany

HOME PAGE: http://digital-markets.info

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