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

Nyuur, Richard, Brečić, Ružica and Sobiesuo, Pauline (2015) Foresight capabilities and SME product/service adaptiveness: the moderating effect of industry dynamism. International Journal of Foresight and Innovation Policy, 10 (2/3/4). p. 145. ISSN 1740-2816

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Official URL: http://dx.doi.org/10.1504/IJFIP.2015.074395

Abstract

This study empirically examines the impact of 'first-order' foresight capabilities on small and medium enterprise (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 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 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.

Item Type: Article
Uncontrolled Keywords: Croatia, environmental scanning, foresight capabilities, industry dynamism, network ties, planning, visioning, product-service adaptiveness, small and medium-sized enterprises, SMEs, strategic adaptation
Subjects: N100 Business studies
Department: Faculties > Business and Law > Newcastle Business School > Business and Management
Depositing User: Paul Burns
Date Deposited: 11 Oct 2016 10:54
Last Modified: 10 May 2017 03:27
URI: http://nrl.northumbria.ac.uk/id/eprint/27980

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