Foresight and dynamic capabilities of enterprises
Abstract
Purpose. Purpose of the research is to analyze the Foresight Competencies as a component of the dynamic capabilities of enterprises.
Deisgn/Method/Approach. The method of this research is a theoretical analysis of the place of Foresight Competencies in the structure of dynamic capabilities of enterprises.
Findings. The Foresight is a system of methods for the transformation of priorities in the area of economy and production, social and cultural development. Analysis of Foresight Competencies as a component of dynamic capabilities of enterprises demonstrates their leading role in the implementation of the remaining components of dynamic capabilities, as well as the fact that the Foresight of enterprises exerts a transformative impact on the development of the system, helping to convert, rather than only predict, the development of a sector or an enterprise. The Foresight includes the application and transformation of enterprises' routine work, as well as innovations in production and industrial relations. It aims at selecting and using the change markers − weak and strong signals of future and probable changes.
Theoretical and practical implications. Active and accurate identification of these markers of change, including the a мlication and modification of the enterprises' routine work makes it possible not only to predict implicit trends but also to intervene in the course of processes, adjusting them with the least amount of utilized energy and resources. In addition, it allows influencing both the markets themselves and the reality of enterprise activity as a whole. Given the Foresight Competencies, an enterprise not only efficiently adapts to the changes in the environment (market), but also participates in changing it.
Originality/Value. In the present article, for the first time, the concepts of dynamic abilities and Foresight Competencies are correlated, the Foresight Competencies are considered as a component of dynamic capabilities of the enterprise as a whole. The role of routine components of vital activity of the enterprise is noted in the context of the study of dynamic capabilities.
Paper type – conceptual.
Downloads
References
Adner, R., & Helfat, C. E. (2003). Corporate effects and dynamic managerial capabilities. Strategic Management Journal, 24(10), 1011–1025. CrossRef
Andreeva, T. E., & Chayka, V. A. (2006). K diskussii o sushchnosti dinamicheskikh sposobnostey [To the discussion about the nature of dynamic capabilities]. Vestnik Sankt-Peterburskogo universiteta. Seriya Menedzhment [Vestnik St. Petersburg University. Management], 4, 163-174.
Arend, R. J., & Bromiley, P. (2009). Assessing the dynamic capabilities view: Spare change, everyone? Strategic Organization, 7(1), 75-90. CrossRef
Barney, J. (1991). Firm Resources and Sustained Competitive Advantage. Journal of Management, 17(1), 99–120. CrossRef
Barney, J. (2001). The resource-based view of the firm: Ten years after 1991. Journal of Management, 27(6), 625–641. CrossRef
Barney, J. B. (1986). Organizational Culture: Can It Be a Source of Sustained Competitive Advantage? The Academy of Management Review, 11(3), 656. CrossRef
Barney, J. B. (1992). Integrating organizational behavior and strategy formulation research. in P. Shrivastiva, A. Huff, and J. Dutton (eds.), Advances in strategic management, Vol. VIII, JAI Press, 39-61.
Barreto, I. (2010). Dynamic capabilities: A review of past research and an agenda for the future. Journal of Management, 36 (1), 256-280. CrossRef
Baubion, Ch. (2013). OECD Risk management: strategic crisis management. Раris: OECDPabl.
Bingham, C. B., Eisenhardt, K. M., & Furr, N. R. (2007). What makes a process a capability? Heuristics, strategy, and effective capture of opportunities. Strategic Entrepreneurship Journal, 1(1-2), 27-47. CrossRef
Bishop, P., & Hines, A. (Ed.). (2015). Thinking about the Future: Guidelines for Strategic Foresight. Social Technologies. Washington: Hinesight.
Bogodistov, Y., & Botts, M. (2016). Dynamic capabilities in extremely dynamic environments: here «competitive advantage» equals «lives». 76th Annual Meeting of the Academy of Management. Anaheim, CA: Academy of Management, 10.
Bogodistov, Y., Krupskyy, O., & Sardak, S. (2017). Dinamicheskie sposobnosti: Sravnenie metodov izmereniya na primere malykh i srednikh predpriyatiy Ukrainy [“Dynamic capabilities: A comparison of measurement methods on the example of small and medium enterprises in Ukraine”]. Ekonomіchniy Prostіr [Economic Space], 110, 139-161.
Cordes-Berszinn, Ph. (2013). Dynamic Capabilities: How Organisational Structures Affect Knowledge Processes. Palgrave Macmillans. Palgrave Macmillan, 327.
Cross, R. (1993). On the foundation of hysteresis in economic system. Economics and Philosophy, 9, 53–74. CrossRef
Eisenhardt, K. M., & Martin, J. A. (2000). Dynamic capabilities: what are they? Strategic Management Journal. 21 (10-11), 1105-1121. CrossRef
Fahey, L., & Randall, R. (Ed.) (1997). Learning from the Future: Competitive Foresight Scenarios. New York: John Wiley.
Felin, T., & Foss, N. J. (2009). Organizational routines and capabilities: Historical drift and a course-correction toward microfoundations. Scandinavian Journal of Management, 25(2), 157–167. CrossRef
Felin, T., Foss, N. J., Heimeriks, K. H., & Madsen, T. L. (2012). Microfoundations of Routines and Capabilities: Individuals, Processes, and Structure. Journal of Management Studies, 49(8), 1351–1374. CrossRef
Finkelstein, S. (2004). Oshibki top-menedzherov vedushchikh korporatsiy: analiz i prakticheskie vyvody [Why Smart Executives Fail and What You Can Learn from Their Mistakes]. Mosow: Alpina Business Books, 394.
Grant R. М., (1991). Тhe Resource-Based Theory of Competitive Advantage: Implications for Strategy Formulation. Сalifornia Маnagement Review, 33(3), 114-135. CrossRef
Helfat, C. E., & Peteraf, M. A. (2014). Managerial cognitive capabilities and the microfoundations of dynamic capabilities. Strategic Management Journal, 36(6), 831–850. CrossRef
Kat'kalo, V. S. (2008). Evolyutsiya teorii strategicheskogo upravleniya [Evolution of strategic management theory]. SPb: Publishing house "Graduate school of management".
Khamel, G., Prakhalad, K. (2002). Konkuriruya za budushchee. Sozdanie rynkov zavtrashnego dnya [Prahalad Competing for the future. Creating the markets of tomorrow]. Moscow: «Olympus-Business», 288.
Kryukov, S. V. (2010). Forsayt: ot prognoza k formirovaniyu budushchego [Foresight: from forecast to a future]. Prostranstvo ekonomiki [Terra Economicus], 8(3-2), 7-17.
Kulesh, V. A. (2015). Kontseptsiya dinamicheskikh sposobnostey v strategicheskom vybore kompanii [The concept of dynamic abilities in the strategic choice of the company]. Nauchnyy zhurnal KubGAU [Scientific Journal of KubSAU], 108, 1164-1182.
Li, D., & Liu, J. (2014). Dynamic capabilities, environmental dynamism, and competitive advantage: Evidence from China. Journal of Business Research, 67(1), 2793–2799. CrossRef
Loveridge, D. (2009). Foresight: The Art and Science of Anticipating the Future, New York, NY: Routledge.
Martin, R. L. (2014). The big lie of strategic planning. Harvard business review, 92(1-2), 3-8.
Miller, K. D., Pentland, B. T., & Choi, S. (2012). Dynamics of Performing and Remembering Organizational Routines. Journal of Management Studies, 49(8), 1536–1558. CrossRef
Pentland, B. T., & Rueter, H. H. (1994). Organizational routines as grammars of action. Administrative Science Quarterly, 39(3), 484-510.
Prahalad, C. K., & Hamel, G. (1990). The core competence of the corporation. Harvard Business Review, 68 (3), 79-91.
Priem, R. L., & Butler, J. E. (2001). Is the resource-based «view» a useful perspective for strategic management research? Academy of management review, 26(1), 22-40. CrossRef
Rodriguez, M. A., Ricart, J. E., & Sanchez, P. (2002). Sustainable development and sustainability of competitive advantage: a dynamic and sustainable view of the firm. Creativity and innovation management, 11 (3), 135-146. CrossRef
Rohrbeck, R. (2011). Corporate Foresight: Towards a Maturity Model for the Future Orientation of a Firm, Springer Series: Contributions to Management Science. Heidelberg and New York: Physica. CrossRef
Salunke, S., Weerawardena, J., & McColl-Kennedy, J. R. (2011). Towards a model of dynamic capabilities in innovation-based competitive strategy: Insights from project-oriented service firms. Industrial Marketing Management, 40(8), 1251–1263. CrossRef
Shifrin, M. B. (2007). Strategicheskiy menedzhment [“Strategic management”]. St. Petersburg: Piter, 240.
Taleb, N. N. (2014). Antifragile : things that gain from disorder. New York: Random House. Retrieved from cpor.org
Teece, D. J. (2007). Explicating dynamic capabilities: The nature and microfoundations of (sustainable) enterprise performance. Strategic Management Journal, 28(13), 1319–1350. CrossRef
Teece, D. J. (2014). A dynamic capabilities-based entrepreneurial theory of the multinational enterprise. Journal of International Business Studies, 45(1), 8–37. CrossRef
Teece, D. J., Pisano, G., & Shuen, A. (1997). Dynamic capabilities and strategic management. Strategic Management Journal, 18(7), 509-533. CrossRef
Teece, D., & Pisano, G. (1994). The dynamic capabilities of firms: An introduction. Industrial and Corporate Change, 3(3), 537–556. CrossRef
Teece, D., Peteraf, M., & Leih, S. (2016). Dynamic Capabilities and Organizational Agility: Risk, Uncertainty, and Strategy in the Innovation Economy. California Management Review, 58(4), 13–35. CrossRef
Van den Broeck, J., Argeseanu Cunningham, S., Eeckels, R., & Herbst, K. (2005). Data Cleaning: Detecting, Diagnosing, and Editing Data Abnormalities. PLoS Medicine, 2(10), e267. dCrossRef
Van Notten, P. W. F. (2005). Writing on the wall : scenario development in times of discontinuity. Amsterdam: Thela Thesis & Dissertation.com. Retrieved from cris.maastrichtuniversity.nl
Wang, C. L., & Ahmed, P. K. (2007). Dynamic capabilities: A review and research agenda. International Journal of Management Reviews, 9(1), 31-51. CrossRef
Wernerfelt, B. (1984). A resource-based view of the firm . Strategic Management Journal, 5(2), 171-180. CrossRef
Wilden, R., Gudergan, S. P., Nielsen, B. B., & Lings, I. (2013). Dynamic Capabilities and Performance: Strategy, Structure and Environment. Long Range Planning, 46(1-2), 72–96. CrossRef
Winter, S. G. (2003). Understanding dynamic capabilities. Strategic Management Journal, 24(10), 991–995. CrossRef
The authors agree with the following conditions:
1. Authors retain copyright and grant the journal right of first publication (Download agreement) with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
2. Authors have the right to complete individual additional agreements for the non-exclusive spreading of the journal’s published version of the work (for example, to post work in the electronic repository of the institution or to publish it as part of a monograph), with the reference to the first publication of the work in this journal.
3. Journal’s politics allows and encourages the placement on the Internet (for example, in the repositories of institutions, personal websites, SSRN, ResearchGate, MPRA, SSOAR, etc.) manuscript of the work by the authors, before and during the process of viewing it by this journal, because it can lead to a productive research discussion and positively affect the efficiency and dynamics of citing the published work (see The Effect of Open Access).
ISSN 
ISSN 
