Corporate foresight and innovation: the effects of integrative capabilities and organisational learning

Abstract

Despite the importance of corporate foresight for innovation management, scholars have yet to identify the organisational processes through which corporate foresight influences a company's innovativeness. Drawing on the resource-based view and dynamic capabilities theory, we developed a model and posited that the effect of corporate foresight on innovativeness is mediated by organisational learning, while the relationship between corporate foresight and organisational learning is moderated by integrative capabilities. We conducted an empirical study in the manufacturing industry and found support for the study model, in which the indirect effect of corporate foresight on innovativeness through organisational learning was conditional on the level of integrative capabilities. This study has theoretical and practical implications for a more nuanced understanding of corporate foresight and its effect on innovation management.