HOW FORMALISATION AND CONNECTEDNESS MODERATE THE EFFECT OF FORESIGHT ON RADICAL INNOVATION: EMPIRICAL EVIDENCE FROM EUROPEAN COMPANIES

Autor:	DJORDJE PINTER, KARL-HEINZ LEITNER, FIONA MARIA SCHWEITZER
Rok vydání:	2022
Předmět:	Management of Technology and Innovation Strategy and Management Business and International Management
Zdroj:	International Journal of Innovation Management. 26
ISSN:	1757-5877 1363-9196
Popis:	While strategic foresight is relevant for radical innovation, many companies fail to produce radical innovation despite blown-up foresight units. We take into consideration the extent of formalisation and social connectedness in a firm to consider how they moderate the effect of strategic foresight on a firm’s ability to produce radical innovations. In a multi-industry study among 212 European companies, we find that formalisation and connectedness interact to enhance the effect of strategic foresight on radical innovation. When formalisation and connectedness are both high, they jointly improve a firm’s ability to use strategic foresight to produce radical innovation. When social connectedness is low, high formalisation, however, reduces a firm’s ability to turn foresight action into radical innovation. We discuss these findings relative to the controversial role of formalisation in radical innovation and provide managerial advice based on our findings.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::a661958f6b13a6142ba20d858741f973 https://doi.org/10.1142/s1363919622500591 Zobrazit plný text záznamu