Managerial foresight: measurement scale and estimation

Abstract

Purpose

This paper aims to develop and assess an instrument measuring managerial foresight.

Design/methodology/approach

The paper outlines the construction and estimation of the instrument through a seven‐step process. A total of 57 preliminary Likert items were developed based on an extant review and synthesis of definitions of foresight. The items were assessed through interviews and pre‐testing. A preliminary instrument was administered to a selection of managers. Exploratory and confirmatory factor analyses were employed to assess sub‐scales and model fit. The instrument was evaluated in terms of reliability and validity.

Findings

The study demonstrates a valid and reliable 12 Likert item scale for measuring managerial foresight.

Research limitations/implications

Managerial foresight can now be assessed and tested for association with, for example, managerial or organizational performance variables.

Practical implications

Managers can now be assessed and compared in terms of foresight.

Originality/value

In developing and estimating an instrument for measuring managerial foresight, the paper advances foresight into a quantitatively measurable concept.

Citation

Amsteus, M. (2011), "Managerial foresight: measurement scale and estimation", Foresight, Vol. 13 No. 1, pp. 58-76. https://doi.org/10.1108/14636681111109705