Research output: Contribution to conference › Paper › Research › peer-review
Corporate Foresight and Performance: Evidence from a Large Empirical Study. / Jissink, Tymen; Huizingh, Eelko K.R.E.; Rohrbeck, René.
2014. Paper presented at The ISPIM Asia-Pacific Innovation Forum 2014, Singapore, Singapore.Research output: Contribution to conference › Paper › Research › peer-review
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TY - CONF
T1 - Corporate Foresight and Performance: Evidence from a Large Empirical Study
AU - Jissink, Tymen
AU - Huizingh, Eelko K.R.E.
AU - Rohrbeck, René
PY - 2014/11
Y1 - 2014/11
N2 - 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.
AB - 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.
KW - corporate foresight
KW - performance
KW - innovation performance
KW - financial performance
M3 - Paper
T2 - The ISPIM Asia-Pacific Innovation Forum 2014
Y2 - 7 December 2014 through 10 December 2014
ER -