Dear Friends & Colleagues,
[I apologize if this post is not properly formatted, a problem I've faced frequently on the AOM listserv as lately]
I'd like to share with you the short video below, where I review a selection of the best empirical research articles I've found on the benefits of foresight for corporate organizations. I hope this is useful to those of you who want to conduct research on this topic and do not know where to start, as teaching material, to convince a client of the usefulness of foresight practices, or simply as a brush up.
5 Evidence Based Benefits of Corporate Foresight
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| 5 Evidence Based Benefits of Corporate Foresight |
| MENTIONED SOURCES Chermack, T. J., & Nimon, K. (2008). The effects of scenario planning on participant decision-making style. Human Resource Development Quarterly, 19(4): 351-372. Accessible at: https://onlinelibrary.wiley.com/doi/abs/10.1002/hrdq.1245 Bodin, R., Chermack, T. J., & Coons, L. M. (2016). The Effects of Scenario Planning on Participant Decision-Making Style: A Quasi-Experimental Study of Four Companies. |
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The articles featured in the video are as follows:
Chermack, T. J., & Nimon, K. (2008). The effects of scenario planning on participant decision-making style. Human Resource Development Quarterly, 19(4): 351-372.
Bodin, R., Chermack, T. J., & Coons, L. M. (2016). The Effects of Scenario Planning on Participant Decision-Making Style: A Quasi-Experimental Study of Four Companies. Journal of Futures Studies, 20(4): 21–40.
Phadnis, S., Caplice, C., Sheffi, Y., & Singh, M. (2015). Effect of scenario planning on field experts' judgment of long-range investment decisions. Strategic Management Journal, 36(5): 1401-1411.
Rohrbeck, R. & Kum, M. E. (2018). Corporate foresight and its impact on firm performance: A longitudinal analysis. Technological Forecasting and Social Change, 129: 105-116.
Phadnis, S. & Joglekar, N. (2021). Configuring Supply Chain Dyads for Regulatory Disruptions: A Behavioral Study of Scenarios. Production and Operations Management, 30(4): 1014-1033.
Bouhalleb, A. & Tapinos, E. (2023). The impact of scenario planning on entrepreneurial orientation. Technological Forecasting and Social Change, 187: 122191.
P.S.: if you would like to collaborate on the creation of such videos on other topics in strategy and management, do not hesitate to get in touch with me.
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Alex Fergnani
Associate Professor of Strategy, Rabat Business School
Fetzer MSR Scholar, Academy of Management
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