Skip to main content

Integrating Foresight with Corporate Planning

  • Chapter
  • First Online:

Part of the book series: Science, Technology and Innovation Studies ((STAIS))

Abstract

An approach is proposed and illustrated for organizations to respond to foresight and roadmapping exercises. While foresight and roadmapping activities are critical for the management and stakeholders of organizations to understand what might be required in the future, in itself the knowledge does not bring the organization any closer to the future anticipated state(s). Consequently, a framework and approach to determine an organization’s current state is offered. Migration from current to possible future state(s) is achieved by recognizing the existing gaps and by closing these gaps through some combination of: development of internal capabilities, acquisition/merger with other organizations, outsourcing, and/or partnering and leveraging other elements of the supply chain. The chapter focuses on the determination of current state and then offers an illustration of comparison to future state and identifying the gaps that may need to be overcome.

This is a preview of subscription content, log in via an institution.

Buying options

Chapter
USD   29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD   39.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD   54.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD   54.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Learn about institutional subscriptions

References

  • Abernathy WJ, Clark KB (1985) Innovation: mapping the winds of creative destruction. Res Pol 14:3–22

    Article  Google Scholar 

  • Adler PS (1989) Technology strategy: a guide to the literatures research in technology innovation. Manage Pol 4:25–121

    Google Scholar 

  • Alvarez SA, Busenitz LW (2001) The entrepreneurship of resource-based theory. J Manage 27(6):755–775

    Google Scholar 

  • Barney J (1991) Firm resources and sustained competitive advantage. J Manage 17(1):99–120

    Google Scholar 

  • Baumgartner P, Wise R (1999) Go downstream: the new profit imperative in manufacturing. Harv Bus Rev 50(5):133–141

    Google Scholar 

  • Bhave MP (1994) A process model of entrepreneurial venture creation. J Bus Ventur 9(3):223–242

    Article  Google Scholar 

  • Bitindo D, Frohman A (1981) Linking technological and business planning. Res Manag: 19–23

    Google Scholar 

  • Bohn RE (1993) Measuring and managing technical knowledge. Sloan Manag Rev 15:61–74

    Google Scholar 

  • Burns T, Stalker G (1961) The management of innovation. Tavistock, London

    Google Scholar 

  • Fusfeld AR (1970) The technological progress function: a new technique for forecasting. Technol Forecast 1:301–312

    Article  Google Scholar 

  • Fusfeld AR (1978) Hot to put technology into corporate planning. Technol Rev 80:63–74

    Google Scholar 

  • Gomory RE (1989) From the ‘ladder of science’ to the product development cycle. Harv Bus Rev 67:99–105

    Google Scholar 

  • Howells J (1997) Rethinking the market-technology relationship for innovation. Res Pol 25(8):1209–1219

    Article  Google Scholar 

  • Leiblein MJ, Reuer JJ, Dalsace F (2002) Do make or buy decisions matter? The influence of organizational governance on technological performance. Strat Manag J 23(9):817–833

    Article  Google Scholar 

  • Leonard-Barton D (1992) Core capabilities and core rigidities: a paradoxin managing new product development. Strat Manag J 13:111–125

    Article  Google Scholar 

  • Marino KE (1996) Developing a consensuses of firm competence and capabilities. Acad Manag Executive 10(3):40–51

    Google Scholar 

  • Matzler K, Hinterhuber HH (1998) How to make product development projects more successful by integrating Kano’s model of customer satisfaction into quality function deployment. Technovation 18(1):25–38

    Article  Google Scholar 

  • Michaelis M, Coates JF (1994) Creating integrated performance systems: the business of the future. Technol Anal Strat Manag 2:245–250

    Google Scholar 

  • Mintzberg H (2007) Tracking strategies. Oxford University Press, New York

    Google Scholar 

  • Morgan G (2006) Images of organizations. Sage, Thousand Oaks, CA

    Google Scholar 

  • Munro H, Noori H (1988) Measuring commitment to new manufacturing technology: integrating technological push and market pull concepts. IEEE Trans Eng Manag 35(1):65–70

    Google Scholar 

  • Park JS (2005) Opportunity recognition and product innovation in entrepreneurial hi-tech start-ups: a new perspective and supporting case study. Technovation 25(7):739–752

    Article  Google Scholar 

  • Prahalad CK, Hamel G (1990) The core competence of the corporation. Harv Bus Rev 68:79–91

    Google Scholar 

  • Prahalad CK, Hamel G (1991) Corporate imagination and expeditionary marketing. Harv Bus Rev 69(4):81–92

    Google Scholar 

  • Schumpeter JA (1934) The theory of economic development. Harvard University Press, Cambridge

    Google Scholar 

  • Solow R (1957) Technical change and the aggregate production function. Rev Econ Stat 39:312–330

    Article  Google Scholar 

  • Sullivan LP (1986) Quality function deployment. Quality Progress 19(6):39–50

    Google Scholar 

  • Thompson CJ (1997) Interpreting consumers: a hermeneutical framework for deriving marketing insights from the texts of consumers’ consumption stories. J Market Res 34(4):438–455

    Article  Google Scholar 

  • Utterback JM (1994) Mastering the dynamics of innovation: how companies can seize opportunities in the face of technological change. Harvard Business School Press, Boston, MA

    Google Scholar 

  • Veugelers R, Cassiman B (1999) Make and buy in innovation strategies: evidence from Belgian manufacturing firms. Res Pol 28(1):63–80

    Article  Google Scholar 

  • Von Hippel E (1976) The dominant role of users in the scientific instrument innovation process. Res Pol 5:212–239

    Article  Google Scholar 

  • von Hippel E (1986) Lead users: a source of novel product concepts. Manag Sci 32(7):791–805

    Article  Google Scholar 

  • von Hippel E (1988) The sources of innovation. Oxford University Press, New York

    Google Scholar 

  • Walsh ST, Linton JD (2001) The competence pyramid: a framework for identifying and analyzing firm and industry competence. Technol Anal Strat Manag 13(2):165–177

    Article  Google Scholar 

  • Walsh ST, Linton JD (2011) The strategy-technology firm fit audit: a guide to opportunity assessment and selection. Technol Forecast Soc Change 78:199–216

    Article  Google Scholar 

  • Walsh ST, Kirchhoff BA, Newbert S (2002) Differentiating market strategies for disruptive technologies. IEEE Trans Eng Manag 49(4):341–351

    Article  Google Scholar 

Download references

Acknowledgement

The article was prepared within the framework of the Basic Research Programme at the National Research University Higher School of Economics (HSE) and supported within the framework of the subsidy granted to the HSE by the Government of the Russian Federation for the implementation of the Global Competitiveness Programme.

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Jonathan D. Linton .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2016 Springer International Publishing Switzerland

About this chapter

Cite this chapter

Linton, J.D., Walsh, S.T. (2016). Integrating Foresight with Corporate Planning. In: Gokhberg, L., Meissner, D., Sokolov, A. (eds) Deploying Foresight for Policy and Strategy Makers. Science, Technology and Innovation Studies. Springer, Cham. https://doi.org/10.1007/978-3-319-25628-3_4

Download citation

Publish with us

Policies and ethics