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Book part
Publication date: 1 August 2019

Al-Muttar Mohammed Yousif Oudah, Anna V. Shokhnekh, Olga S. Glinskaya, Mohammed-Ikbal Shokhnekh and Ivan A. Chusov

The chapter studies the problems of formation of regional mechanisms of modernization and development of infrastructure of regions and the country, which are determined by…

Abstract

The chapter studies the problems of formation of regional mechanisms of modernization and development of infrastructure of regions and the country, which are determined by complexity of attracting private capital in financing of infrastructure, which is limited by a long return period and the level of profitability of projects. The mechanism of public–private partnership is offered, which allows leveling high risks of implementation of infrastructural projects under guidance of the state. Also, the methodology of foresight control is studied, which is the last stage of modernization and development of infrastructure of regions and the country, as innovational tools of forecasting the future, which is aimed at leveling the risks, allows determining and neutralizing the danger of nontarget usage of invested financial resources, and seeing the threats to internal environment and external environment.

Content available
Book part
Publication date: 1 August 2019

Abstract

Details

Specifics of Decision Making in Modern Business Systems
Type: Book
ISBN: 978-1-78756-692-7

Article
Publication date: 11 April 2016

Cinzia Battistella and Roberto Pillon

The purpose of this paper is to propose and discuss a new regional foresight methodology.

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Abstract

Purpose

The purpose of this paper is to propose and discuss a new regional foresight methodology.

Design/methodology/approach

The first part describes the methodology and the organizational process adopted for implementing foresight at the regional level and highlights the criticalities. The research methodology is based on a case study. The case is the analysis of the industrial and regional sectors and the technological families in the Lombardy region.

Findings

This methodology analyses trends, technologies and industries, returning a set of qualitative and quantitative indicators. Then, it aggregates them, building two matrixes (trends/technologies and technologies/industries). Finally, it evaluates the future importance of a technology (the attractiveness of a technology for the long-term competitiveness of the regional main industrial sectors) and the capabilities of the regional industrial, technical and scientific system to develop specific technologies (feasibility for the regional system to develop the chosen technology).

Originality/value

The originality lies in an integrated analysis of the possible futures and their relation with the industrial world. Its value is as a tool to suggest policies and R&D investments. It is possible to provide a sound basis for science and technology policymaking.

Article
Publication date: 12 March 2018

Sissel Haugdal Jore, Inger-Lise Førland Utland and Victoria Hell Vatnamo

Despite the common focus on studying future events, the study of risk management and foresight have developed as two segmented scientific fields. This study aims to investigate…

Abstract

Purpose

Despite the common focus on studying future events, the study of risk management and foresight have developed as two segmented scientific fields. This study aims to investigate whether current risk management methodology is sufficient for long-term planning against threats from terrorism and other black swan events, and whether perspectives from foresight studies can contribute to more effective long-term security planning.

Design/methodology/approach

This study investigates the planning process of the rebuilding of the Norwegian Government Complex destroyed during a terrorist attack in 2011. The study examines whether security risk managers find current security risk management methodology sufficient for dealing with long-term security threats to the Norwegian Government Complex.

Findings

Current security risk management methodology for long-term security planning is insufficient to capture black swan events. Foresight perspectives could contribute by engaging tools to mitigate the risk of these events. This could lead to more robust security planning.

Originality/value

The main contribution of this paper is to investigate whether perspectives and methodology from foresight studies can improve current security risk management methodology for long-term planning and look for cross-fertilization between foresight and risk studies. A framework for scenario development based on security risk management methodology and foresight methodology is proposed that can help bridge the gap.

Details

foresight, vol. 20 no. 1
Type: Research Article
ISSN: 1463-6689

Keywords

Article
Publication date: 15 December 2020

Reza Hafezi, Ahmad Borumand Kakhki, Maziar Attari, Zohreh Besharati Rad and Ashraf Sadat Pasandideh

Many devices needed electrical power to work, thus, major energy carriers such as oil and gas were used to generate electrical power via converter mechanisms and special…

Abstract

Purpose

Many devices needed electrical power to work, thus, major energy carriers such as oil and gas were used to generate electrical power via converter mechanisms and special technologies. The microturbine is a developed technology that is remarkable for its relatively high performance and ability to use several types of fuels. Microturbines are economically feasible because of the production of combined heat and power and small-scale applicability. This study aims to investigate microturbine technology development to support modern energy access in a developing country (i.e. Iran).

Design/methodology/approach

This paper presents a technology foresight methodology to create plausible futures of microturbine development in Iran when the country faces different driving forces and uncertainties. On other hand, the paper deals with a theoretical question: how to select appropriate foresight methodology? A procedure is proposed, which equipped the research team to select appropriate method combinations based on Popper’s diamond. Finally, the selected methodology includes defining focal issues environmental scanning and patent analysis aimed at developing five plausible scenarios for microturbine development future in Iran and creating shared visions among policymakers.

Findings

This paper proposed a series of scenarios on the path to developing microturbine technology. The scenario development logic in a participatory way contains a common four-quarter technique that attempts to depict scenarios based on two critical uncertainties inclusive energy price and technology obsolescence, which will shape the future. Also, a scenario is presented to describe a wild card that can disturb the desired futures. Such materials help decision-makers to policies under plausible conditions that guarantee a robust policy basket.

Originality/value

The originality of this paper can be studied based on two aspects, first, the methodology that provides a systematic method selections procedure in an emerging complex technology development program. Second, from the practical aspect, this paper is one of the very first attempts to manage the microturbine technology development program. Then, results are used to feed the policy-making process in Iran.

Details

foresight, vol. 23 no. 3
Type: Research Article
ISSN: 1463-6689

Keywords

Article
Publication date: 4 September 2007

S. Mekid, T. Schlegel, N. Aspragathos and R. Teti

This paper aims to define imminent and future key aspects in innovative production machines and systems but more specifically to focus on the automation and control aspects.

Abstract

Purpose

This paper aims to define imminent and future key aspects in innovative production machines and systems but more specifically to focus on the automation and control aspects.

Design/methodology/approach

The foresight analysis is based on the state‐of‐the‐art of current manufacturing technologies with a setup of key enabling features and a roadmap research.

Findings

The paper finds that more integration of current and future technology development is required to build a strong platform for various applications featured with interoperability, trust, security and protection. Autonomy and close collaboration aspects in machines remain as crucial targets for the near future. An immediate action is required on smart strategies for the design patterns and agents to enable intuitive components for high quality dynamic user interfaces. This will allow rapid configuration and adaptation to new manufacturing tasks with highly improved machine learning.

Originality/value

The paper describes the future of key aspects required to move the production, automation and control systems forward.

Details

Foresight, vol. 9 no. 5
Type: Research Article
ISSN: 1463-6689

Keywords

Article
Publication date: 12 April 2011

M. Atilla Öner and Senem Göl Beşer

The overall aim of the research is to provide an assessment of the level of the reported success of foresight project results of a multinational company in Turkey.

Abstract

Purpose

The overall aim of the research is to provide an assessment of the level of the reported success of foresight project results of a multinational company in Turkey.

Design/methodology/approach

The model of assessment is based on an integrated framework characterized by approaching foresight as a project and associating it by the redefined pitfalls in, and success factors of, corporate foresight projects in order to facilitate better conversion of their results into actual changes in corporations. A multinational company in Turkey (Siemens Turkey) is chosen for the exploratory case study. The exploratory assessment model was designed via the use of a survey questionnaire, a case study, and interviews of managers (who were involved in the corporate foresight project).

Findings

Results of the individual assessment of corporate foresight project at the company were labeled as “successful”. There needs to be given an overall attention to the process‐oriented elements of the foresight project. Pitfalls in the foundation phase accumulated the highest problem area, suggesting that the total project would eventually suffer.

Research limitations/implications

One of the limitations of the study is the use of a single case with an attempt to assess the pitfalls of the foresight projects. The exploratory study may include premature conclusions about the assessment of corporate foresight project results, yet a single case can imply generalizable insights. The authors believe this research suggests some potentially significant insights for foresight studies and their applications.

Practical implications

The study may help to support the reliability of the foresight studies as they have been implemented and might bring a new methodological challenge on the quality and success of the corporate foresight project results.

Social implications

The approach described the factors affecting the success of corporate foresight activities with respect to understanding the pitfalls of foresight projects. Taking reference to such a framework, foresight results may be better delivered and disseminated in corporations with concrete results and actual changes in organizations. The model of assessment may be used to analyze the level of the reported success of foresight project results in companies implementing foresight activities.

Originality/value

Although foresight studies within businesses has become more important and widespread with its systematic and continuous/participatory approach, based on a variety of methods, it is still a partially explored area in terms of research with mainly descriptive studies.

Details

Foresight, vol. 13 no. 2
Type: Research Article
ISSN: 1463-6689

Keywords

Article
Publication date: 12 April 2011

Knut Erik Solem

The purpose of this paper is to examine and explain the role of foresight in government, while making an attempt to ascertain why foresight is both necessary and rare. The paper

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Abstract

Purpose

The purpose of this paper is to examine and explain the role of foresight in government, while making an attempt to ascertain why foresight is both necessary and rare. The paper aims to identify main areas where foresight is needed as well as the constraints that it faces. It also aims to provide some prescriptions and recommendations for improving both system and process.

Design/methodology/approach

The methodology is based on case studies and literature search on futures/forecasting. Furthermore, analysis and observations are based on the author's own participation in different governmental and research environments; in several academic circles; within “think tanks” and on the international circuit (mostly at the UN, NATO, IAEA, IIASA and OECD) as well as within the Scandinavian scene.

Findings

Several methodologies and techniques that are identified here may allow people to help perceive, evaluate and control the effects of their actions, present as well as future. However, they have, so far, only been used spasmodically. One reason for this state of affairs is that the difference between “well‐structured” (normal) and “ill‐structured” (futures type)problems has not been properly identified or satisfactorily solved. The political system faces three major problems: the problem of competence; the problem of deliverability; and the problem of legitimacy. All of these can be helped by the understanding and application of proper foresight methods and techniques.

Originality/value

From the design/methodology point of view, this paper draws on the combined sources of international practice and theoretical implications. Its findings are easily comprehended and hence useful for their practical application for decision making on global as well as regional problems. The concept of fully “learning to unlearn” is of primary importance, as well as that of not “discounting the future”, for which several methods and techniques have been analyzed and suggested.

Details

Foresight, vol. 13 no. 2
Type: Research Article
ISSN: 1463-6689

Keywords

Article
Publication date: 22 February 2013

Hai‐Chen Lin, Te‐Yi Chan and Cheng‐Hua Ien

To anticipate science and technology (S&T) changes and shifts in the competitive environment for the preparation of strategic development in an organization, this paper aims to

Abstract

Purpose

To anticipate science and technology (S&T) changes and shifts in the competitive environment for the preparation of strategic development in an organization, this paper aims to address a structured analysis method for future technology trajectories and interactions by mapping and associating the future technology themes in foresight reports with a state‐of‐the art technology classification system. The objective of this paper is to develop an integrative method for systematically clustering, analyzing and visualizing the path for technology development and transformation.

Design/methodology/approach

Delphi topics related to sustainable energy were collected from strategic foresight reports of Japan, South Korea and China, and used as sources for future technology themes analysis. A standard mapping taxonomy based on international patent classification system was used to map out the technology concept described in these future technology themes. Technology interactions can be identified through a causal effect analysis during the mapping, and the results among selected countries are cross‐compared and visualized in an aggregated view.

Findings

By this standard mapping taxonomy and structured analysis, future technology themes in strategic foresight reports from countries in focus are systematically mapped and integrated for viewing future technology options and interactions. Similarities and discrepancies for prospecting the future technology trajectory among these countries are also identified.

Research limitations/implications

It would be a significant contribution if this structured analysis could be applied more broadly across different geographic regions or across research areas in foresight reports. This research may help to solve the practical difficulties faced during the secondary analysis of foresight studies in foresight preparatory studies by providing a consistent classification framework to make comparison and aggregation of future technology options from different countries/regions. Also, this classification framework can provide a bridge for linking with current technology performance such as patent productivity or quality and help in identifying the gaps between the probable future changes in S&T and the current capability.

Originality/value

The integrative method in this research provides a way to combine both the advantage of strategic technology foresight and competitive technology intelligence by utilizing the results deriving from the former as targets for analysis and the analytic practice deriving from the latter to identify the possible competitive or cooperative landscapes in the future.

Open Access
Article
Publication date: 19 December 2023

Ruxin Zhang, Jun Lin, Suicheng Li and Ying Cai

This study aims to explore how to overcome and address the loss of exploratory innovation, thereby achieving greater success in exploratory innovation. This phenomenon of loss…

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Abstract

Purpose

This study aims to explore how to overcome and address the loss of exploratory innovation, thereby achieving greater success in exploratory innovation. This phenomenon of loss occurs when enterprises decrease their investment in and engagement with exploratory innovation, ultimately leading to an insufficient amount of such innovation efforts. Drawing on dynamic capabilities, this study investigates the relationship between organizational foresight and exploratory innovation and examines the moderating role of breakthrough orientation/financial orientation.

Design/methodology/approach

This study used survey data collected from 296 Chinese high-tech companies in multiple industries and sectors.

Findings

The evidence produced by this study reveals that three elements of organizational foresight (i.e. environmental scanning capabilities, strategic selection capabilities and integrating capabilities) positively influence exploratory innovation. Furthermore, this positive effect is strengthened in the context of a high-breakthrough orientation. Moreover, the relationships among environmental scanning capabilities, strategic selection capabilities and exploratory innovation become weaker as an enterprise’s financial orientation increases, whereas a strong financial orientation does not affect the relationship between integrating capabilities and exploratory innovation.

Research limitations/implications

Ambidexterity is key to successful enterprise innovation. Compared with exploitative innovation, it is by no means easy to engage in exploratory innovation, which is especially important in high-tech companies. While the loss of exploratory innovation has been observed, few empirical studies have explored ways to promote exploratory innovation more effectively. A key research implication of this study pertains to the role of organizational foresight in the improvement of exploratory innovation in the context of high-tech companies.

Originality/value

This paper contributes to the broader literature on exploratory innovation and organizational foresight and provides practical guidance for high-tech companies regarding ways of avoiding the loss of exploratory innovation and becoming more successful at exploratory innovation.

Details

Journal of Business & Industrial Marketing, vol. 39 no. 13
Type: Research Article
ISSN: 0885-8624

Keywords

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