Improving organizational performance in an uncertain environment: The role of strategic foresight. Issue 1 (11th January 2016)

• Record Type: Journal Article
• Is Part Of: Strategic direction. Volume 32:Issue 1(2015)
• Page Start: 22
• Page End: 25
• Publication Date: 2016-01-11
• Subjects: Uncertainty -- Change -- Strategic foresight; Management -- Periodicals; 658.4005
• DOI: 10.1108/SD-10-2015-0157
• Languages: English
• ISSNs: 0258-0543

Abstract

Abstract : Purpose: – This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies. Design/methodology/approach: – This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings: – In the current business world, things seldom remain the same for long. Globalization and relentless technological development ensure that change is both inevitable and ongoing. As a result, the only real predictable aspect of the future is its unpredictability. The uncertainty inherent in drastic change is the source of both risk and opportunity alike. How to minimize the former and fully exploit the latter is a burning issue facing organizations today. Finding ways to effectively manage uncertainty is therefore likely to be high on the agenda for most leaders. Those with the capacity to engage in strategic foresight are arguably best positioned to meet the challenges facing them. Practical implications: – The paper provides strategic insights and practical thinking that have influenced some of the world's leading organizations. Originality/value: – The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.