Forward-looking External Search as a Driver for Innovation

Download or read book Forward-looking External Search as a Driver for Innovation written by Sara Polier and published by Springer. This book was released on 2019-04-25 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.