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A Valid Matter for Managerial Foresight
Linnaeus University, Faculty of Business, Economics and Design, Linnaeus School of Business and Economics.
2012 (English)In: Journal of Futures Studies, ISSN 1027-6084, Vol. 17, no 2, 59-74 p.Article in journal (Refereed) Published
Abstract [en]

The purpose of this paper is to qualitatively assess the validity of the managerial foresight concept. Social, environmental and technological aspects of past developments of a company, as well as self reported managerial behavior are interpreted and analyzed in terms of foresight and in terms of eight sub-components of the managerial foresight concept. The results of the study reveal that developments of the company and the managers’ behavior may be interpreted in terms of their foresight. It appears that individuals rather than structured procedures have been the ones who decide and define technology and operations. Evidence is provided for the construct validity of a definition of managerial foresight and for the potential significance of specific individuals’ foresight. Qualitative empirical evidence is added to theexistent pool of quantitative evidence for the construct validity of the managerial foresightconcept. The potential importance of foresight at the level of individual managers’ is illustrated.

Place, publisher, year, edition, pages
2012. Vol. 17, no 2, 59-74 p.
National Category
Economics and Business
Research subject
Economy
Identifiers
URN: urn:nbn:se:lnu:diva-10934OAI: oai:DiVA.org:lnu-10934DiVA: diva2:400041
Available from: 2011-02-24 Created: 2011-02-24 Last updated: 2015-09-15Bibliographically 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
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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
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  • Other locale
More languages
Output format
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