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Forward-looking External Search as a Driver for Innovation

An Empirical Analysis of the Value Contribution of Different Search Strategies for Corporate Foresight

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  • © 2019

Overview

  • Publication in the field of economic sciences

Part of the book series: Forschungs-/Entwicklungs-/Innovations-Management (FEIM)

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Table of contents (7 chapters)

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About this book

In this empirical analysis Sara Polier investigates forward-looking external search strategies and their impact on the value contribution of corporate foresight. Based on a mixed method approach combining a quantitative and qualitative analysis of large, R&D-intensive firms, the findings reveal a general positive influence of different search strategies with respect to the scope (i.e. breadth, depth, and distance) and direction of search (i.e. market, science, and intermediary-driven) on the role of foresight as a driver for innovation. This relationship is found to be mediated by a firm’s exploratory learning capability, which appears to facilitate the effective transfer of external future-related knowledge into valuable outputs. 

Authors and Affiliations

  • Institut für Technologie- und Innovationsmanagement (W-7), Hamburg University of Technology, Hamburg, Germany

    Sara Polier

About the author

Sara Polier does research on external and forward-looking search at the Institute of Technology and Innovation Management at Hamburg University of Technology, where she investigates the impact of search strategies in the context of corporate foresight.

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