Department of Management

René Rohrbeck

CORPORATE FORESIGHT AND PERFORMANCE: A CHAIN-OF-EFFECTS MODEL

Research output: Working paperResearch

Documents

    Tymen Jissink, Eelko K.R.E. Huizingh, Faculty of Economics and Business, University of Groningen, Netherlands
  • René Rohrbeck
In this paper we develop and validate a measurement scale for corporate foresight and examine its impact on performance in a chain-of-effects model. 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 mode ls and test our research hypotheses. Using a cross-industry sample of 153 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 performance dimensions. Implications of our findings, and limitations and future research avenues are discussed.
Original languageEnglish
Publication statusPublished - 2015

    Research areas

  • corporate foresight, performance, innovation performance, financial performance

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