Files and links (1)
Published VersionCC BY-NC-ND V4.0, Open Access
Journal article
Exploring individual foresight: Implications for organizational learning and innovation in firms
Journal of Innovation and Knowledge, Vol.9(4), pp.1-16
2024
Abstract
Corporate foresight (CF) is considered an organizational capability that contributes to the innovativeness and sustained competitive advantage of firms, particularly in the presence of organizational learning (OL). The business literature positions individuals as important to the CF process but it provides limited clarification about how individuals do foresight or, more specifically, how they experience foresight in organizations. Embracing the resource-based view of the firm, this study provides understanding of how individuals use tacit knowledge in individual foresight (IF) and engage in OL mechanisms to contribute to innovativeness. The micro-foundations of IF are examined to determine how employees experience IF in an organizational context. Adopting a phenomenological approach, 27 interviews were conducted with employees across the finance and insurance and utilities industries, resulting in a theoretical framework of IF. Examining the lifeworld of individuals as they experience foresight revealed a rich tapestry of both personal and intra-organizational social capital interactions useful in demonstrating the role of IF for innovation in firms. Storytelling, mentorship, and group reflection, supported by appropriate culture, leadership, and human resource strategies, confirm the value of fostering IF to encourage innovation. This study advances foresight research by broadening understanding of IF from an employee perspective—specifically, how IF is experienced and can foster OL and innovation outcomes for firms. Implications for firms and opportunities for a future research agenda are proposed.
Details
- Title
- Exploring individual foresight: Implications for organizational learning and innovation in firms
- Authors
- Melissa Innes (Corresponding Author) - University of the Sunshine Coast, Queensland, School of Business and Creative Industries
- Publication details
- Journal of Innovation and Knowledge, Vol.9(4), pp.1-16
- Publisher
- Elsevier Espana
- Date published
- 2024
- DOI
- 10.1016/j.jik.2024.100604
- ISSN
- 2444-569X; 2530-7614
- Copyright note
- © 2024 The Author(s). Published by Elsevier España, S.L.U. on behalf of Journal of Innovation & Knowledge. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).
- Organisation Unit
- School of Business and Creative Industries
- Language
- English
- Record Identifier
- 991077198802621
- Output Type
- Journal article
Metrics
6 File views/ downloads
50 Record Views