HOW FORMALISATION AND CONNECTEDNESS MODERATE THE EFFECT OF FORESIGHT ON RADICAL INNOVATION: EMPIRICAL EVIDENCE FROM EUROPEAN COMPANIES

IF 1.3 Q3 MANAGEMENT
Djordje Pinter, K. Leitner, Fiona Schweitzer
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引用次数: 0

Abstract

While strategic foresight is relevant for radical innovation, many companies fail to produce radical innovation despite blown-up foresight units. We take into consideration the extent of formalisation and social connectedness in a firm to consider how they moderate the effect of strategic foresight on a firm’s ability to produce radical innovations. In a multi-industry study among 212 European companies, we find that formalisation and connectedness interact to enhance the effect of strategic foresight on radical innovation. When formalisation and connectedness are both high, they jointly improve a firm’s ability to use strategic foresight to produce radical innovation. When social connectedness is low, high formalisation, however, reduces a firm’s ability to turn foresight action into radical innovation. We discuss these findings relative to the controversial role of formalisation in radical innovation and provide managerial advice based on our findings.
形式化和连通性如何调节前瞻性对激进创新的影响:来自欧洲公司的经验证据
虽然战略远见与激进创新相关,但许多公司尽管远见部门被炸毁,却未能实现激进创新。我们考虑了企业的形式化程度和社会联系,以考虑它们如何调节战略远见对企业进行激进创新能力的影响。在一项针对212家欧洲公司的多行业研究中,我们发现形式化和连通性相互作用,增强了战略远见对激进创新的影响。当形式化和连通性都很高时,它们共同提高了企业利用战略远见进行激进创新的能力。然而,当社会联系度较低时,高度的形式化会降低公司将前瞻性行动转化为激进创新的能力。我们将这些发现与形式化在激进创新中有争议的作用进行讨论,并根据我们的发现提供管理建议。
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来源期刊
CiteScore
3.70
自引率
14.30%
发文量
84
期刊介绍: The International Journal of Innovation (IJIM) is the official journal of the International Society of Professional Innovation Management (ISPIM). Both the IJIM and ISPIM adopt a multi-disciplinary approach to addressing the many challenges of managing innovation, rather than a narrow focus on a single aspect such as technology, R&D or new product development. Both are also international, inclusive & practical, and encourage active interaction between academics, managers and consultants.
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