Gaining competitive advantage through corporate foresight value creation—The evidence from ASEAN automotive local affiliate companies
Previous studies of corporate foresight in the automotive industry mainly focused on principal companies (PCs), while studies focusing on local affiliate companies (LACs) are limited, even though LACs play an essential role in dealing with local environmental dynamism. Therefore, this study aims to...
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2023-12-01
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| Series: | Journal of Open Innovation: Technology, Market and Complexity |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2199853123002457 |
| _version_ | 1797391816553660416 |
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| author | Jaka Purwanto Reza Ashari Nasution Yudo Anggoro |
| author_facet | Jaka Purwanto Reza Ashari Nasution Yudo Anggoro |
| author_sort | Jaka Purwanto |
| collection | DOAJ |
| description | Previous studies of corporate foresight in the automotive industry mainly focused on principal companies (PCs), while studies focusing on local affiliate companies (LACs) are limited, even though LACs play an essential role in dealing with local environmental dynamism. Therefore, this study aims to investigate corporate foresight in automotive LACs by analyzing the effect of corporate foresight on the creation of organizational value. The authors employed a quantitative method to analyze the theoretical hypotheses by involving nine LACs in ASEAN. The findings of this study indicate that corporate foresight activities in LACs have a significant positive effect on organizational learning capability, where they have an essential mediating role in enhancing the creation of organizational value in terms of ambidexterity and agility capability, which is a foundation for organizations to achieve a competitive advantage. The novelty of this study is the use of corporate foresight value creation framework in automotive LACs. The results of this study could assist managers and practitioners in automotive industry to better understand the benefit derived from the practice of implementing corporate foresight in LACs, and it is expected that this value creation could motivate these people further to enhance the practice of corporate foresight in LACs. |
| first_indexed | 2024-03-08T23:38:11Z |
| format | Article |
| id | doaj.art-d83ddd906d674eb08df34561bb93a8bf |
| institution | Directory Open Access Journal |
| issn | 2199-8531 |
| language | English |
| last_indexed | 2024-03-08T23:38:11Z |
| publishDate | 2023-12-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Journal of Open Innovation: Technology, Market and Complexity |
| spelling | doaj.art-d83ddd906d674eb08df34561bb93a8bf2023-12-14T05:22:36ZengElsevierJournal of Open Innovation: Technology, Market and Complexity2199-85312023-12-0194100143Gaining competitive advantage through corporate foresight value creation—The evidence from ASEAN automotive local affiliate companiesJaka Purwanto0Reza Ashari Nasution1Yudo Anggoro2Bandung Technology of Institute, IndonesiaBandung Technology of Institute, IndonesiaCorresponding author.; Bandung Technology of Institute, IndonesiaPrevious studies of corporate foresight in the automotive industry mainly focused on principal companies (PCs), while studies focusing on local affiliate companies (LACs) are limited, even though LACs play an essential role in dealing with local environmental dynamism. Therefore, this study aims to investigate corporate foresight in automotive LACs by analyzing the effect of corporate foresight on the creation of organizational value. The authors employed a quantitative method to analyze the theoretical hypotheses by involving nine LACs in ASEAN. The findings of this study indicate that corporate foresight activities in LACs have a significant positive effect on organizational learning capability, where they have an essential mediating role in enhancing the creation of organizational value in terms of ambidexterity and agility capability, which is a foundation for organizations to achieve a competitive advantage. The novelty of this study is the use of corporate foresight value creation framework in automotive LACs. The results of this study could assist managers and practitioners in automotive industry to better understand the benefit derived from the practice of implementing corporate foresight in LACs, and it is expected that this value creation could motivate these people further to enhance the practice of corporate foresight in LACs.http://www.sciencedirect.com/science/article/pii/S2199853123002457Automotive industryCompetitive advantageCorporate foresightLocal affiliate companyValue creation |
| spellingShingle | Jaka Purwanto Reza Ashari Nasution Yudo Anggoro Gaining competitive advantage through corporate foresight value creation—The evidence from ASEAN automotive local affiliate companies Journal of Open Innovation: Technology, Market and Complexity Automotive industry Competitive advantage Corporate foresight Local affiliate company Value creation |
| title | Gaining competitive advantage through corporate foresight value creation—The evidence from ASEAN automotive local affiliate companies |
| title_full | Gaining competitive advantage through corporate foresight value creation—The evidence from ASEAN automotive local affiliate companies |
| title_fullStr | Gaining competitive advantage through corporate foresight value creation—The evidence from ASEAN automotive local affiliate companies |
| title_full_unstemmed | Gaining competitive advantage through corporate foresight value creation—The evidence from ASEAN automotive local affiliate companies |
| title_short | Gaining competitive advantage through corporate foresight value creation—The evidence from ASEAN automotive local affiliate companies |
| title_sort | gaining competitive advantage through corporate foresight value creation the evidence from asean automotive local affiliate companies |
| topic | Automotive industry Competitive advantage Corporate foresight Local affiliate company Value creation |
| url | http://www.sciencedirect.com/science/article/pii/S2199853123002457 |
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