Individual and Organizational Antecedents of Strategic Foresight: A Representational Approach
| Autor: | Daniella Laureiro-Martínez, Felipe A. Csaszar |
|---|---|
| Rok vydání: | 2018 |
| Předmět: |
050208 finance
Knowledge management business.industry Strategy and Management 05 social sciences Representation (systemics) Management Science and Operations Research Competitive advantage Term (time) Futures studies Management of Technology and Innovation Upper echelons 0502 economics and business Economics Business and International Management business 050203 business & management |
| Zdroj: | Strategy Science. 3:513-532 |
| ISSN: | 2333-2077 2333-2050 |
| DOI: | 10.1287/stsc.2018.0063 |
| Popis: | The ability to make predictions about strategic outcomes—what we term strategic foresight—is central to most theories of competitive advantage. This paper identifies individual- and organization-level antecedents of strategic foresight by analyzing an exercise taken by 358 MBA students. Among the individual antecedents, we show that two characteristics of mental representations (namely their breadth and agreement with consensus) are positively related to strategic foresight. Comparing individual to group performance reveals that groups exhibit greater strategic foresight than do individuals. Finally, from comparing the performance of real-life groups with “statistical” groups (for which decisions are computed by averaging the predictions of individuals before they become group members), we find that the superiority of group performance is due mostly to aggregating predictions, not representations. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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