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Managers' foresight matters
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 2, p. 64-78Article in journal (Refereed) Published
Abstract [en]

Purpose – To assess the relationship between the foresight of managers and firm performance.

Design/methodology/approach – An evolutionary perspective is deployed to specify thepresumed relationship between managerial foresight and firm performance measures. Apositive relationship between managerial foresight and firm performance is proposed. Thehypothesis is tested through Spearman’s rho, on Swedish managers, and firms in the computerprogramming industry. Managers’ foresight as well as performance is assessed as indexes.

Findings – A moderate and statistically significant positive relationship between managers’foresight and firm performance.

Theoretical implications – There is support for the theoretical relationship betweenmanagerial foresight and firm performance. There is a strong rationale for further studies.

Originality/value – The paper provides empirical evidence regarding the importance ofmanagerial foresight for firm performance.

Place, publisher, year, edition, pages
Emerald , 2011. Vol. 13, no 2, p. 64-78
Keywords [en]
Managers, Forward planning, Company performance, Sweden
National Category
Business Administration
Identifiers
URN: urn:nbn:se:lnu:diva-10931DOI: 10.1108/14636681111126256Scopus ID: 2-s2.0-79953291108OAI: oai:DiVA.org:lnu-10931DiVA, id: diva2:400033
Available from: 2011-02-24 Created: 2011-02-24 Last updated: 2017-12-11Bibliographically 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. p. 198
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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Amsteus, Martin

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