Pitfalls in and success factors of corporate foresight projects

Abstract

The main purpose is to propose a new and integrated framework for the pitfalls in and success factors of corporate foresight projects in order to facilitate better conversion of their results into actual changes in corporations. The main approach is theoretical development of corporate foresight success factors and project management followed by a conceptual framework. The paper proposes to increase the 5 Cs of successful foresight projects to 12 Cs by incorporating content, competence, change, continuity, courage, curiosity and connectedness. We also link them with possible pitfalls likely to be fallen into different phases and stages of corporate foresight projects. The paper is limited to a conceptual model. Further research should include analysing the level of the reported success of foresight project results of companies based on our assessment model. It is hoped that the proposed framework will support the reliability of the foresight studies and bring a new methodological challenge.

On theory building in Foresight and Futures Studies: A discussion note

“…First, some types of ''what'' questions are exploratory, such as, ''What can be learned from a study of successful Foresight project?'' [24] This type of question is a justifiable rationale for conducting an exploratory study, the goal being to develop pertinent hypotheses and propositions for further inquiry. However, as an exploratory study, any of the five research strategies can be used -e.g., an exploratory survey, an exploratory experiment, or an exploratory case study.…”

“…In Foresight and Futures Studies, the need to deal with the ''yet to come'' future is very intriguing in formulating and answering research questions [10,22,[24][25][26][27][28][29][30][31][32][33].…”

Operationalization of space/time perspectives of individuals—Theory and empirical results from Turkey

“…The results also suggest a new methodological challenge and a subject of a future paper, as ''space/time perspectives'' to be crucial factors embedded in corporate, regional and national foresight studies due to their effects on the assessment of possible foresight project results discussed by Ö ner and Gö l [19].…”

“…However, it is still a partially explored area in terms of research. In line with previous research on developing foresight methodology [1,2,[17][18][19] our research aims to provide an evaluation of differences in time and space perspectives among participant individuals in order to attempt to understand the different approaches, perspectives or priorities that may bring futures studies.…”

Corporate foresight at the strategic research institutes

“…They aimed to analyze changes that occur in their environments, namely: the mac ro environment (which include socio cultural, technologi cal, economic, ecological, political factors) and the micro environment (which encompasses consumers, suppliers, competitors, other stakeholders) in order to more effec tively manage the components of their internal environment (mostly: employees, financial, technological and produc tion base). Scholars who pursued research in the field of corporate foresight included among others: Heijden (1996), Reger (2001), Ruff (2004), Karp (2004); Duin (2006), Öner, Göl (2007), Vecchiato, Roveda (2010), Rohrbeck (2010).…”