The purpose of this paper is to assess the relationship between the foresight of managers and firm performance.
An evolutionary perspective is deployed to specify the presumed relationship between managerial foresight and firm performance measures. A positive relationship between managerial foresight and firm performance is proposed. The hypothesis is tested through Spearman's rho, on Swedish managers, and firms in the computer programming industry. Managers' foresight as well as performance is assessed as indexes.
The paper finds a moderate and statistically significant positive relationship between managers' foresight and firm performance.
There is support for the theoretical relationship between managerial foresight and firm performance. There is a strong rationale for further studies.
The paper provides empirical evidence regarding the importance of managerial foresight for firm performance.
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