Strategic Foresight and Porter’s Five Forces


Book Description

Research Paper (undergraduate) from the year 2009 in the subject Business economics - Business Management, Corporate Governance, Technical University of Berlin, language: English, abstract: Strategic Foresight is a relatively young field of research. Although, plenty of different definitions, recommended methods or process approaches exist. Based on a literature review, this thesis tries to systemize the literature to shed light onto the current state of research. Strategic Foresight, as a part of the strategic management, should be strongly related to one of the basic models of strategic management. The targeted object will be building a bridge to one of the most popular and practical models invented by Porter. Still today, there are no approaches that combine Porter’s Five Forces with Strategic Foresight. In the literature, often the impact of complexity and dynamics is discussed in regard to Strategic Foresight, but a certain model to evaluate and measure complexity does not exist yet. Neither organizational nor environmental complexity has been included in current Strategic Foresight literature. After analyzing, systemizing, defining, and merging both models by dint of Strategic Foresight considerations, the development of a complexity model will accomplish the attempt to provide a holistic approach to measure complexity in regard to Strategic Foresight for further research.




Strategic Foresight and Porter's Five Forces


Book Description

Research Paper (undergraduate) from the year 2009 in the subject Business economics - Business Management, Corporate Governance, Technical University of Berlin, language: English, abstract: Strategic Foresight is a relatively young field of research. Although, plenty of different definitions, recommended methods or process approaches exist. Based on a literature review, this thesis tries to systemize the literature to shed light onto the current state of research. Strategic Foresight, as a part of the strategic management, should be strongly related to one of the basic models of strategic management. The targeted object will be building a bridge to one of the most popular and practical models invented by Porter. Still today, there are no approaches that combine Porter's Five Forces with Strategic Foresight. In the literature, often the impact of complexity and dynamics is discussed in regard to Strategic Foresight, but a certain model to evaluate and measure complexity does not exist yet. Neither organizational nor environmental complexity has been included in current Strategic Foresight literature. After analyzing, systemizing, defining, and merging both models by dint of Strategic Foresight considerations, the development of a complexity model will accomplish the attempt to provide a holistic approach to measure complexity in regard to Strategic Foresight for further research.




Multinational Strategic Foresight of Environmental Trends in the Automobile Industry Using Internal Resources


Book Description

With a focus on the automobile industry, this study provides an overview of the basics of strategic foresight and the differences that multinational enterprises (MNEs) have to deal with while working in an international context. The book also looks at the interrelation of strategic foresight and environmental trends. The results of the study indicate that it is advantageous for MNEs to use their internal resources worldwide for strategic foresight during the first three phases of the strategic foresight process (SFP), while also being aware of the possible barriers. (Series: Writings on the Automotive Industry / Schriften zur Automobilwirtschaft - Vol. 9) [Subject: Business, Automotive Industry]




Strategic Foresight


Book Description

Strategic Foresight is a set of skills and tools used to explore potential futures, so that you can plan for and take advantage of them.




Handbook of Research on Strategy and Foresight


Book Description

This important Handbook explores and evaluates dynamic environments and the appropriate strategic responses to them in the 21st century. Drawing together a collection of 29 original chapters, the Handbook makes an invaluable contribution to theory and practice by stimulating disciplined, rigorous and imaginative enquiry into the relationship between strategy and foresight. Leading scholars in the field of strategic management are brought together to offer innovative and multi-disciplinary perspectives on the past, present and future of strategy formation and foresight. In so doing, they challenge research in four key areas: strategy and foresight processes; strategy innovation for the future; understanding the future; and strategically responding to the future. The Handbook of Research on Strategy and Foresight is a comprehensive resource that will be invaluable for academics, students and practitioners interested in this important phenomenon.




Strategic Foresight


Book Description

Strategic foresight is discipline that organizations adopt to gather, interpret, manage information about the future environment they plan to operate in. This book introduces the concept of strategic foresight and advocates a holistic and systemic foresight approach comprising five phases that are suitable for organizations in the public and private sectors. Using real‐life cases as practical examples, the book demonstrates how organizations can apply a range of foresight methods and resources across the phases from intelligence to implementation. The book offers an opportunity to learn by all key stakeholders. It enhances the understanding of the National Research Organization’s Foresight exercise (as the complex social phenomenon) in its context. The case study of the National Research Organisation provides lessons and insights that can improve both the theoretical and practical implementation of the Foresight Exercise. Dr Mlungisi Cele Acting Head: National Advisory Council on Innovation Department of Science and Technology, Republic of South Africa Foresight methodologies have been widely spreading among business and research organizations worldwide during the last decades. The weakest point of many forward-looking activities so far was the lack of their practical use. The books shows, on a number of cases, how a Foresight study, being wisely designed and implemented, can become a useful navigation tool for increasing competitiveness in the fast changing environment. Dr Alexander Sokolov Professor, HSE National Research University, Russia Director, Institute for Statistical Studies and Economics of Knowledge / International Research and Educational Foresight Centre Very useful tool to describe how organizations assess the future and formulate strategic plans using a systemic foresight methodology Ibon Zugasti Managing Director in PROSPEKTIKER and Chair of the Millennium Project Node in Spain A comprehensive source of knowledge on complex issues of technology foresight process, from conception to commercialization of key technologies, made easy to understand and useful for aspiring futurists seeking to learn more about the matters at hand. Dr Surachai Sathitkunarat Executive Director, APEC Center for Technology Foresight (APEC CTF) Assistant to the President Office of National Higher Education, Science, Research and Innovation Policy Council (NXPO) Thailand This book provides a very good coverage of the end-to-end methodology for technology-based innovation through the use of diverse and relevant business use cases. Very often, books on this theme only expound the approaches. Sarah goes beyond in sharing the pitfalls and challenges during the different stages of the systemic foresight methodology so that readers can learn and avoid the mistakes that other companies made. The emphasis on open innovation and intellectual property management is valuable as many organizations fail to deliver the vision due to insufficient attention on these two aspects. A must read if you wish to master strategic foresight. Dr Terence Hung Chief, Future Intelligence Technologies Rolls-Royce Singapore Pte Ltd Why do people want to know the future? People want to use budget efficiently or don't want to waste time? Aside from those who see the future, like fortune tellers, how do we make the future? Foresight is known as a method of creating the future in a way that many people has been using. So how is it different between Forecast and Foresight? This book will help answer that. Dr Kuniko Urashima Deputy Director of Foresight Center National Institute of Science and Technology Policy (NISTEP), Japan .




20/20 Foresight


Book Description

"Based on an international review of the key strategy problems faced by over one hundred leading companies, Courtney reveals how executives can develop 20/20 foresight - a view of the future that separates what can be known from what can't. While executives with 20/20 foresight can rarely develop perfect forecasts of the future, says Courtney, they can isolate the "residual uncertainty" they face and use this insight to create competitive advantage in today's turbulent markets."--BOOK JACKET.




Strategic Workforce Planning


Book Description

This volume provides an overview of strategic workforce planning (SWP), covering best practices across organization types, geographies, and methodologies, and addressing new directions in the field. As well as discussing changes in the workforce and workplace due to global disruptions like the COVID-19 pandemic and the impact of quickly evolving technologies, this book re-examines what SWP is and can be, how it is conducted, and what impact it can have on individual organizations and beyond.




Information Systems Management in the Big Data Era


Book Description

This timely text/reference explores the business and technical issues involved in the management of information systems in the era of big data and beyond. Topics and features: presents review questions and discussion topics in each chapter for classroom group work and individual research assignments; discusses the potential use of a variety of big data tools and techniques in a business environment, explaining how these can fit within an information systems strategy; reviews existing theories and practices in information systems, and explores their continued relevance in the era of big data; describes the key technologies involved in information systems in general and big data in particular, placing these technologies in an historic context; suggests areas for further research in this fast moving domain; equips readers with an understanding of the important aspects of a data scientist’s job; provides hands-on experience to further assist in the understanding of the technologies involved.




Commercialization Secrets for Scientists and Engineers


Book Description

Commercializing a knowledge-based product or service requires a realistic, methodical approach combined with a great deal of perseverance. Commercialization Secrets for Scientists and Engineers serves as a high-level guide to answering key questions and critical issues that confront founding entrepreneurs on their quest to commercialize their knowledge-based innovations. It highlights the unique problems shared by all technologists across knowledge-intensive fields and how to overcome the most predictable obstacles faced by technology entrepreneurs. It demystifies the process of commercializing advanced products that require a high degree of specialized knowledge. Typically, these are "disruptive technologies" with the potential to revolutionize whole industries. The book simplifies the launch of high-tech ventures such as pharmaceuticals, genetic and biotechnology products, wireless devices, fuel cells, and minimally invasive medical devices. Additionally, it will help readers bring their disruptive technologies to profitability.