Corporate Foresight and Performance: Evidence from a Large Empirical Study

Tymen Jissink, Eelko K.R.E. Huizingh, René Rohrbeck

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Abstract

In this paper we develop and validate a measurement scale for corporate foresight and examine its impact on performance. We conceptualize corporate foresight as an organizational ability consisting of five distinct dimensions: information scope, method usage, people, formal organization, and culture. We investigate the relation of corporate foresight with three innovation performance dimensions – new product success, new product innovativeness, and financial performance. We use partial-least-squares structural equations modelling to assess our measurement models and test our research hypotheses. Using a cross-industry sample of 161 innovative firms, we find that corporate foresight can be validly and reliably measured by our measurement instrument. The results of the structural model support the hypothesized positive effects of corporate foresight on all innovation performance dimensions. Implications of our findings, and limitations and future research avenues are discussed.
OriginalsprogEngelsk
Publikationsdatonov. 2014
StatusUdgivet - nov. 2014
BegivenhedThe ISPIM Asia-Pacific Innovation Forum 2014 - Singapore, Singapore
Varighed: 7 dec. 201410 dec. 2014

Konference

KonferenceThe ISPIM Asia-Pacific Innovation Forum 2014
Land/OmrådeSingapore
BySingapore
Periode07/12/201410/12/2014

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