The purpose of this paper is to examine whether adopting OECD-prescribed corporate governance principles can solve the major corporate governance problem in an emerging economy - controlling-shareholder expropriation. We argue that none of any "good corporate governance practices" in OECD...

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...

This paper attempts to identify and evaluate certain critical pitfalls in the planning stage of ERP adoption in Small and Medium Enterprises (SMEs) and develop into a model for evaluating the risk of failure. In the planning stage a set of risks have been identified based on past research work...

This research paper addresses the adoption of Enterprise Resource Planning (ERP) and examine their effect on organizational performance and Return-on-Investment (ROI) in Small and Medium Enterprises (SMEs). In this two-part paper, the first part identifies and measures tangible and intangible...

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...

Along with the rise of the now popular ‘open' paradigm in innovation management, networks have become a common approach to practicing innovation. Foresight could potentially greatly benefit from resources that become available when the knowledge base increases through networks. This article...

In this introductory article to the EIT ICT Labs we outline its innovation ecosystem and recap the underlying motives for its foundation from the perspectives of industry, academia and society. The EIT ICT Labs are one of the initial Knowledge and Innovation Communities (KICs) of the European...

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...