Corporate Foresight and Strategic Decisions : Lessons From a European Bank

This Study Investigates The Relationships Between Corporate Foresight And Management Decision-making Processes In Organizations. It Provides An Extensive Analysis Of Extant Theories Of Corporate Foresight And Strategic Management, Brings In New Insights, And Presents An In-depth Case Study Exploration Of Corporate Foresight Of A European Bank. By Claudio Gomez Portaleoni, Svetla Marinova, Rehan Ul-haq, Marin Marinov. This study investigates the relationships between corporate foresight and management decision-making processes in organizations. It provides an extensive analysis of extant theories of corporate foresight and strategic management, brings in new insights, and presents an in-depth case study exploration of corporate foresight of a European bank. The investigation of the future of an organization has always captivated the attention of academics and business managers. Presently, the aspiration to entrench future-relevant insights into management practices is a must. Companies that have made attempts to use corporate foresight have generally dealt successfully with internal information sharing processes that in most cases have prepared them for the challenges of the future. Corporate Foresights and Strategic Decisions investigates the relationships between corporate foresight and management decision-making processes in organizations. It provides an extensive analysis of extant theories of corporate foresight and strategic management, brings in new notions and insights, and presents an in-depth case study exploration of corporate foresight of a European bank. The understanding of organizational future is influenced by the perceived accountability and integrity of the participating departments as well as by the apparent nature of environmental explosiveness. This book provides clear confirmations showing that the impacts of corporate foresight on strategic decisions are critically affected by the evaluative and analytical verdicts of the decision-makers Front Matter....Pages i-xviii Introduction....Pages 1-5 Literature Review....Pages 6-83 Conceptual Framework and Theoretical Considerations....Pages 84-91 Methodology....Pages 92-113 The European Banking Sector....Pages 114-125 The Bank....Pages 126-129 Data Analysis and Findings....Pages 130-246 Discussion, Contributions and Directions for Future Research....Pages 247-275 Back Matter....Pages 276-355