Foresight capabilities and SME product/service adaptiveness: the moderating effect of industry dynamism

Richard B. Nyuur, Ružica Brečić, Pauline Sobiesuo
2015 International Journal of Foresight and Innovation Policy  
This study empirically examines the impact of 'first-order' foresight capabilities on SME product/service adaptiveness (PSA). It further tests the moderating effect of environment dynamism (IND) on the associations between these first-order foresight capabilities and SME product/service adaptiveness (PSA). The results of the study have endorsed that foresight capabilities, specifically, environmental scanning, developing network ties, analysing, industry dynamics, and planning and visioning all
more » ... g and visioning all have high level of direct impact on SMEs ability to strategically adapt their products or services to the market and customer needs. However, the results find no support for the interaction effect of industry dynamics on these associations. These findings contribute to the foresight and capabilities literature. Research and practical implications are discussed.
doi:10.1504/ijfip.2015.074395 fatcat:qeqzqndpifhgvhcabtucp7wm7y