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Future screening : a framework for advancing strategic corporate foresight

Author: Marc K Peter; Charles Sturt University. Faculty of Business.
Publisher: 2011.
Dissertation: D.B.A. Faculty of Business, Charles Sturt University 2011
Edition/Format:   Thesis/dissertation : Thesis/dissertation : Manuscript   Archival Material : EnglishView all editions and formats
Summary:
"Foresight, that is the ability to foresee how the future will unfold, is a desirable management capability which can be developed through engaging with strong and weak signals in the emerging environment. The foresight process provides strategic guidance through identifying critical turning points in the evolution of the environment. The importance of foresight in strategy development will increase as the  Read more...
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Material Type: Thesis/dissertation, Manuscript
Document Type: Book, Archival Material
All Authors / Contributors: Marc K Peter; Charles Sturt University. Faculty of Business.
OCLC Number: 795038413
Notes: "Submission for the award of Doctor of Business Administration."
Description: 304 pages : illustrations (some color) ; 30 cm
Responsibility: Marc K Peter.

Abstract:

"Foresight, that is the ability to foresee how the future will unfold, is a desirable management capability which can be developed through engaging with strong and weak signals in the emerging environment. The foresight process provides strategic guidance through identifying critical turning points in the evolution of the environment. The importance of foresight in strategy development will increase as the likelihood of market pressure and dynamics remains the same or even increases, which will lead to stronger competition and a need for long-term innovative planning capabilities. The literature does not provide an overall best practice foresight framework, as the investigations that have been completed are specifically focussed on weak signals management, environmental scanning, strategy adaptation or scenario management, or a combination of the above. Having examined existing literature on strategic planning, strategic thinking, envisioning and innovation, it is evident that an integrated strategic foresight framework from signals collection to scenario building and strategy implementation has not yet been built and the impact of this approach on business practice is yet to be articulated. The development and empirical investigation of a contemporary, foresight driven approach to strategy development is the core of this research project. Based on the conclusion from the literature review, the research question can be formulated as "how and why can strategic foresight, based on the integration of strong and weal signals methodologies, enrich the strategy process in a dynamic and changing environment?" Or in other words, how does a contemporary best practice framework for advancing strategic corporate foresight need to be designed so it is applicable and value generating in a real business environment?'--Abstract, p. 7.

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