Corporate foresight: developing a process model

Sohail Dadkhah,Einallah Keshavarz Tork,Aboalghasem Ebrahimi,Safar Fazli,Rohullah Bayat

doi:10.1186/s40309-018-0147-7

Sohail Dadkhah, Einallah Keshavarz Tork + Show 3 more

Open Access

https://doi.org/10.1186/s40309-018-0147-7

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Abstract

Based on previous studies on corporate foresight, companies and organizations still suffer from the lack of a framework to encounter future economic conditions as well as assuring all relevant external changes and providing proper responses. This study developed capabilities of corporate foresight and the ability for companies and organizations to utilize foresight activities successfully. The research methodology of this study was mixed. The first step of this study was to extract components to devise a proposed model. The second step of this study was to validate the proposed model quantitatively. Findings indicate that the proposed framework of the study facilitated the analysis of future scenarios and developed a strategy by incorporating foresight methodologies. Part of the strategic planning included a plan for companies to recover against discontinuous changes and yield to decrease the uncertainty of companies.

Highlights

Researchers indicate the explicit evidence on corporate foresight for companies and organizations still suffering from the lack of a framework to encounter future economic conditions as well as assuring all relevant external changes and providing proper responses
There is a lack of models for organizations and companies, and many authors including Rohrbeck and Bade [27] believe that these models are not responsive to a proper model for corporate foresight
There are some barriers for the successful execution of foresight models such as future inaccessibility, changes in forecasts, contribution increases, keeping different insights, data collection, cost reduction, and needs for new methods

Summary

Introduction

Researchers indicate the explicit evidence on corporate foresight for companies and organizations still suffering from the lack of a framework to encounter future economic conditions as well as assuring all relevant external changes and providing proper responses. There are some barriers for the successful execution of foresight models such as future inaccessibility, changes in forecasts, contribution increases, keeping different insights, data collection, cost reduction, and needs for new methods. These barriers need to be taken into consideration to develop foresight capacities in organizations [27]

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