Determinants of Foresight Maturity in SME Enterprises of Poland
The complication of the business environment, the growth of uncertainty, and the dynamics of change significantly affect strategic planning in business. Foresight research used in a company serves as a link between the volatility of the surrounding environment, possible expansion prospects, and an...
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| Format: | Article |
| Language: | English |
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National Research University Higher School of Economics
2022-03-01
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| Series: | Foresight and STI Governance |
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| Online Access: | https://foresight-journal.hse.ru/article/view/19304 |
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| author | Anna Kononiuk |
| author_facet | Anna Kononiuk |
| author_sort | Anna Kononiuk |
| collection | DOAJ |
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The complication of the business environment, the growth of uncertainty, and the dynamics of change significantly affect strategic planning in business. Foresight research used in a company serves as a link between the volatility of the surrounding environment, possible expansion prospects, and an enterprise’s strategy and tactics. Based on data from Poland, this article examines the main factors that determine the readiness of small and medium-sized enterprises (SMEs) to navigate a variety of paths into the future (foresight maturity). This study uses an integrated approach, that integrates concepts of foresight maturity, dynamic capabilities, and corporate foresight. It relies upon a sample of over 500 Polish manufacturing SMEs, which is representative in terms of size, type, sector, and geography of activities. Using a 28-criteria assessment tool, it was found that the level of foresight maturity of a company most often depends on the size, type, and geographical coverage of markets. Involving stakeholders in the development of corporate strategies, scanning the micro- and macro-environment of the enterprise using a variety of information sources, improving skills in working with foresight tools as well as fostering other dynamic capabilities allow companies to gain lasting competitive advantages in a changing and unpredictable business landscape.
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| format | Article |
| id | doaj-art-c737498024994bbe8884ee7d41320c24 |
| institution | OA Journals |
| issn | 2500-2597 |
| language | English |
| publishDate | 2022-03-01 |
| publisher | National Research University Higher School of Economics |
| record_format | Article |
| series | Foresight and STI Governance |
| spelling | doaj-art-c737498024994bbe8884ee7d41320c242025-08-20T02:16:14ZengNational Research University Higher School of EconomicsForesight and STI Governance2500-25972022-03-0116110.17323/2500-2597.2022.1.69.81Determinants of Foresight Maturity in SME Enterprises of PolandAnna Kononiuk0Bialystok University of Technology, 45A, Wiejska Street, 15-351 Bialystok, Poland The complication of the business environment, the growth of uncertainty, and the dynamics of change significantly affect strategic planning in business. Foresight research used in a company serves as a link between the volatility of the surrounding environment, possible expansion prospects, and an enterprise’s strategy and tactics. Based on data from Poland, this article examines the main factors that determine the readiness of small and medium-sized enterprises (SMEs) to navigate a variety of paths into the future (foresight maturity). This study uses an integrated approach, that integrates concepts of foresight maturity, dynamic capabilities, and corporate foresight. It relies upon a sample of over 500 Polish manufacturing SMEs, which is representative in terms of size, type, sector, and geography of activities. Using a 28-criteria assessment tool, it was found that the level of foresight maturity of a company most often depends on the size, type, and geographical coverage of markets. Involving stakeholders in the development of corporate strategies, scanning the micro- and macro-environment of the enterprise using a variety of information sources, improving skills in working with foresight tools as well as fostering other dynamic capabilities allow companies to gain lasting competitive advantages in a changing and unpredictable business landscape. https://foresight-journal.hse.ru/article/view/19304foresightdynamic capabilitiesforesight maturityorganizational foresightexploratory factor analysisdeterminants of foresight maturity |
| spellingShingle | Anna Kononiuk Determinants of Foresight Maturity in SME Enterprises of Poland Foresight and STI Governance foresight dynamic capabilities foresight maturity organizational foresight exploratory factor analysis determinants of foresight maturity |
| title | Determinants of Foresight Maturity in SME Enterprises of Poland |
| title_full | Determinants of Foresight Maturity in SME Enterprises of Poland |
| title_fullStr | Determinants of Foresight Maturity in SME Enterprises of Poland |
| title_full_unstemmed | Determinants of Foresight Maturity in SME Enterprises of Poland |
| title_short | Determinants of Foresight Maturity in SME Enterprises of Poland |
| title_sort | determinants of foresight maturity in sme enterprises of poland |
| topic | foresight dynamic capabilities foresight maturity organizational foresight exploratory factor analysis determinants of foresight maturity |
| url | https://foresight-journal.hse.ru/article/view/19304 |
| work_keys_str_mv | AT annakononiuk determinantsofforesightmaturityinsmeenterprisesofpoland |