This paper looks at value creation from corporate futures research. Through a literature review, potential value creation is identified. This serves as guidance for an empirical investigation in which value creation is observed and linked to methods and practices. Using data from 20 case...

In this paper we explore the current understanding on how firms explore future changes and trends as well as plan their managerial responses. We review literature in four research streams: (1) environmental scanning, (2) futures research, (3) peripheral vision, and (4) corporate/strategic...

The front end of innovation has earned the adjective ‘fuzzy,' particularly as it is considered unstructured, non-linear, and highly iterative (Khurana and Rosenthal 1998; Koen et al. 2001; Verworn et al. 2008). But this should not be misunderstood as a need to rely on hope or chance encounters to...

To ensure long-term competitiveness, companies need to develop the ability to explore, plan, and develop new business fields. A suitable approach faces multiple challenges because it needs to (1) integrate multiple perspectives, (2) ensure a high level of participation of the major stakeholders...

In this article we present and discuss the IT tools that Deutsche Telekom Innovation Laboratories use to support their corporate foresight activities. These tools are integrated into an approach that encompasses the discovery of change, interpretation, and triggering managerial responses. The...

Future Preparedness is shown to be a factor strongly influencing mid-term future firm performance, and such preparedness can be achieved via the systematic application of future preparation activities, particularly Perceiving, Prospecting, and Probing, as part of the strategic leadership function

This paper analyzes the establishment of a technology intelligence tool of the Deutsche Telekom Laboratories - the Technology Radar. Goals and method are contrasted to approaches discussed in literature. After the presentation of exemplary findings of the Technology Radar, the role of the...

Integrating the customer in the innovation process is believed to be a powerful means to reduce failure rates and to increase the revenue from new products. Although many companies have launched programs to enable such integration, the understanding of the mechanisms behind successful programs...

In order to identify discontinuous technological change and develop appropriate action, companies are increasingly building technology foresight (TF) practices. This paper explores how, using networks of experts, technology foresight capabilities can be built. On the basis of three case studies...

Rapid changes in technology and growing competition in consumer as well as business customer markets are forcing industry to explore new ways to foster innovation. This is also true in times of economic crises, where innovation can lead to the competitive advantage needed for success and...