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Forward-looking External Search as a Driver for Innovation

An Empirical Analysis of the Value Contribution of Different Search Strategies for Corporate Foresight

Sara Polier

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Springer Fachmedien Wiesbaden img Link Publisher

Sozialwissenschaften, Recht, Wirtschaft / Management

Beschreibung

In this empirical analysis Sara Polier investigates forward-looking external search strategies and their impact on the value contribution of corporate foresight. Based on a mixed method approach combining a quantitative and qualitative analysis of large, R&D-intensive firms, the findings reveal a general positive influence of different search strategies with respect to the scope (i.e. breadth, depth, and distance) and direction of search (i.e. market, science, and intermediary-driven) on the role of foresight as a driver for innovation. This relationship is found to be mediated by a firm’s exploratory learning capability, which appears to facilitate the effective transfer of external future-related knowledge into valuable outputs. 

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Schlagwörter

Innovation management, Structural equation modeling, Organizational search behavior, Value Contribution, Different Search Strategies for Corporate Foresight, Future research, Co-citation analysis, Forward-looking search, Driver for Innovation, Corporate foresight, External search