Corporate foresight: developing a process model
Abstract Based on previous studies on corporate foresight, companies and organizations still suffer from the lack of a framework to encounter future economic conditions as well as assuring all relevant external changes and providing proper responses. This study developed capabilities of corporate fo...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
SpringerOpen
2018-10-01
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| Series: | European Journal of Futures Research |
| Subjects: | |
| Online Access: | http://link.springer.com/article/10.1186/s40309-018-0147-7 |
| Summary: | Abstract Based on previous studies on corporate foresight, companies and organizations still suffer from the lack of a framework to encounter future economic conditions as well as assuring all relevant external changes and providing proper responses. This study developed capabilities of corporate foresight and the ability for companies and organizations to utilize foresight activities successfully. The research methodology of this study was mixed. The first step of this study was to extract components to devise a proposed model. The second step of this study was to validate the proposed model quantitatively. Findings indicate that the proposed framework of the study facilitated the analysis of future scenarios and developed a strategy by incorporating foresight methodologies. Part of the strategic planning included a plan for companies to recover against discontinuous changes and yield to decrease the uncertainty of companies. |
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| ISSN: | 2195-4194 2195-2248 |