Department of Management

René Rohrbeck

The role of corporate foresight in exploring new markets – evidence from 3 case studies in the BOP markets

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DOI

We examine to what extent successful business-development activities in uncertain environments can be classified as corporate foresight and to what extent they have been intentional and systematic. Beginning with identifying successful cases of new-business development in Bottom of the Pyramid markets, we use various data sources to reconstruct timelines and map corporate foresight activities. We selected the cases to maximise their heterogeneity in firm size, industry, nature of the product and ownership structure. Our findings suggest that the probing (experimental search) phase is particularly important in unknown and uncertain environments but that perceiving and prospecting (cognitive search) activities are necessary to find distant opportunities. In addition, we find that successful business-development activities rely on multiple iterations between perceiving, prospecting and probing. Our findings emphasize that corporate foresight should include activities that encompass both experimental and cognitive search elements.
Original languageEnglish
JournalTechnology Analysis & Strategic Management
Volume30
Issue number6
Pages (from-to)734-746
Number of pages13
ISSN0953-7325
DOIs
Publication statusPublished - 2018

    Research areas

  • Corporate Foresight, Business Development, Cognitive Search, Experimental Search

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