{"title":"Foresight capabilities and SME product/service adaptiveness: the moderating effect of industry dynamism","authors":"Richard B. Nyuur, R. Brečić, P. Sobiesuo","doi":"10.1504/ijfip.2015.074395","DOIUrl":null,"url":null,"abstract":"This study empirically examines the impact of 'first-order' foresight capabilities on small and medium enterprise (SME) product/service adaptiveness (PSA). It further tests the moderating effect of environment dynamism (IND) on the associations between these first-order foresight capabilities and SME PSA. The results of the study have endorsed that foresight capabilities, specifically, environmental scanning, developing network ties, analysing, industry dynamics, and planning and visioning all have high level of direct impact on SMEs ability to strategically adapt their products or services to the market and customer needs. However, the results find no support for the interaction effect of industry dynamics on these associations. These findings contribute to the foresight and capabilities literature. Research and practical implications are discussed.","PeriodicalId":35015,"journal":{"name":"International Journal of Foresight and Innovation Policy","volume":"1 1","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2016-01-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1504/ijfip.2015.074395","citationCount":"5","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of Foresight and Innovation Policy","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1504/ijfip.2015.074395","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"Business, Management and Accounting","Score":null,"Total":0}
引用次数: 5
Abstract
This study empirically examines the impact of 'first-order' foresight capabilities on small and medium enterprise (SME) product/service adaptiveness (PSA). It further tests the moderating effect of environment dynamism (IND) on the associations between these first-order foresight capabilities and SME PSA. The results of the study have endorsed that foresight capabilities, specifically, environmental scanning, developing network ties, analysing, industry dynamics, and planning and visioning all have high level of direct impact on SMEs ability to strategically adapt their products or services to the market and customer needs. However, the results find no support for the interaction effect of industry dynamics on these associations. These findings contribute to the foresight and capabilities literature. Research and practical implications are discussed.
期刊介绍：
The IJFIP has been established as a peer reviewed, international authoritative reference in the field. It publishes high calibre academic articles dealing with knowledge creation, diffusion and utilisation in innovation policy. The journal thus covers all types of Strategic Intelligence (SI). SI is defined as the set of actions that search, process, diffuse and protect information in order to make it available to the right person at the right time in order to make the right decision. Examples of SI in the domain of innovation include Foresight, Forecasting, Delphi studies, Technology Assessment, Benchmarking, R&D evaluation and Technology Roadmapping.
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