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Managerial foresight: measurement scale and estimation
Linnaeus University, Faculty of Business, Economics and Design, Linnaeus School of Business and Economics.
2011 (English)In: Foresight, ISSN 1463-6689, E-ISSN 1465-9832, Vol. 13, no 1, 58-76 p.Article in journal (Refereed) Published
Abstract [en]

Purpose – This paper aims to develop and assess an instrument measuring managerial foresight.

Design/methodology/approach – The paper outlines the construction and estimation of the instrumentthrough a seven-step process. A total of 57 preliminary Likert items were developed based on an extantreview and synthesis of definitions of foresight. The items were assessed through interviews andpre-testing. A preliminary instrument was administered to a selection of managers. Exploratory andconfirmatory factor analyses were employed to assess sub-scales and model fit. The instrument wasevaluated in terms of reliability and validity.

Findings – The study demonstrates a valid and reliable 12 Likert item scale for measuring managerialforesight.Research limitations/implications – Managerial foresight can now be assessed and tested forassociation with, for example, managerial or organizational performance variables.

Practical implications – Managers can now be assessed and compared in terms of foresight.Originality/value – In developing and estimating an instrument for measuring managerial foresight, thepaper advances foresight into a quantitatively measurable concept.

Place, publisher, year, edition, pages
Emerald Group Publishing Limited, 2011. Vol. 13, no 1, 58-76 p.
Keyword [en]
Business planning, Measurement, Strategic planning
National Category
Business Administration
Identifiers
URN: urn:nbn:se:lnu:diva-10929DOI: 10.1108/14636681111109705OAI: oai:DiVA.org:lnu-10929DiVA: diva2:400023
Available from: 2011-02-24 Created: 2011-02-24 Last updated: 2012-01-17Bibliographically approved
In thesis
1. Managerial foresight and firm performance
Open this publication in new window or tab >>Managerial foresight and firm performance
2011 (English)Doctoral thesis, comprehensive summary (Other academic)
Abstract [en]

Purpose – To specify what defines managerial foresight and to assess the association between managerial foresight and firm performance

Methodology/Approach – First, previous research was reviewed and foresight was defined. Second, an instrument for measuring managerial foresight was developed. Third, an empirical case served as an illustration and as anassessment of validity. Fourth, managerial foresight was tested for association with firm performance.

Findings – Foresight was specified as behavior with eight sub-components. A moderate and statistically significant positive relationship between managers’ foresight and firm performance was found.

Research implications – The empirical evidence for the importance of managerial foresight provides a strong rationale for further studies. In distinguishing eight sub-components of foresight, and developing a managerial foresight measurement instrument, the dissertation makes relating foresight to various research fields possible, both on individual managerial andorganizational levels.

Practical implications – Managers may consider whether foresight is important to them or to their organization. Managers, practical foresight tools, foresight programs et cetera, may now be assessed and compared in terms of foresight.

Originality/Value – The dissertation provides empirical evidence of the importance of managerial foresight to firm performance. It conceives and advances foresight as a distinct construct. In developing and estimating aninstrument for measuring managerial foresight, the dissertation advancesforesight into a quantitatively measurable concept.

Place, publisher, year, edition, pages
Växjö, Kalmar: Linnaeus University Press, 2011. 198 p.
Series
Linnaeus University Dissertations, No 36/2011
National Category
Business Administration
Research subject
Economy, Business administration
Identifiers
urn:nbn:se:lnu:diva-10935 (URN)978-91-86491-64-2 (ISBN)
Public defence
2011-02-25, Weber, Hus K, Linneuniversitetet, Växjö, 14:07 (Swedish)
Opponent
Supervisors
Available from: 2011-02-28 Created: 2011-02-24 Last updated: 2014-03-27Bibliographically approved

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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf