Creating value through foresight : first mover advantages and strategic agility

By Riccardo Vecchiato. 2015

190 citations recorded by the source corpus.

This paper explores the relationship between corporate foresight and the capability of the organization to respond successfully to external changes (i.e., strategic agility). More generally, we investigate the value that firms, facing growing uncertainty because of the fast pace of external changes, create through foresight. We base our analysis on three different research streams: the first one is literature on environmental uncertainty; the second one is literature on strategic planning and first mover (dis)advantages; and the third one is literature on organizational learning and organizational memories. We thus focus on two fundamental questions which characterize the interaction between turbulent environments, foresight and long-term performances: what kind of knowledge should organizations achieve in order to sustain their competitive edge? Under what conditions can this knowledge enhance strategic agility?

Subfields: Strategy and Management

View Paper: https://www.semanticscholar.org/paper/d06da1ac6f28ad245638fc372ccd018b05013259

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In Strategy and Management

Citations in the corpus

Taking risks in the face of uncertainty: An exploratory analysis of green innovation (2016, background): “In the context of innovation, this emphasises the importance for decision making of perceived environmental uncertainty (PEU) (Meijer et al., 2007; Vecchiato, 2015) and the perceived risk associated with any innovation (Dill, 1958; Meijer et al., 2010).”
Agile Business Model Innovation in Digital Entrepreneurship: Lean Startup Approaches (2020, background): “…(ii) resource fluidity, that is, the internal capability to reconfigure capabilities and redeploy resources rapidly; and (iii) leadership unity, that is, the ability of the top management team to make bold, quick decisions (Doz and Kosonen, 2008; 2010; Weber and Tarba, 2014; Vecchiato, 2015).”
How can SMEs successfully navigate VUCA environment: The role of agility in the digital transformation era (2022, background): “Digital technologies potentially improve organizational agility, enabling better adaption to changing external conditions (Bodwell and Chermack, 2010; Martínez-Climent et al., 2019; Trost, 2019; Vecchiato, 2015).”
Corporate Foresight and its Impact on Firm Performance: A Longitudinal Analysis (2018, background): “The interest in CF has always been fuelled by the expectation that CF practices, processes, and organizational units will boost the ability of a firm to attain superior performance (Vecchiato, 2015).”