Preparing Organizations for Greater Turbulence

Author:

Schoemaker Paul J. H.1,Day George1

Affiliation:

1. The Wharton School, University of Pennsylvania, Philadelphia, PA, USA

Abstract

Vigilant organizations excel at seeing looming threats and embryonic opportunities sooner than rivals, which prepares them to act faster when needed. Four drivers distinguish vigilant from vulnerable organizations, which can be used to design a roadmap to improve organizational acuity and preparedness. The fulcrum of these changes rests with the leadership team by demonstrating a strong commitment to vigilance at all levels, and reinforcing this by making targeted investments in foresight capabilities. These strategic moves also need to be supported by corresponding changes in the strategy-making process and by ensuring accountability and coordination of vigilance activities throughout the enterprise.

Publisher

SAGE Publications

Subject

Strategy and Management

Cited by 21 articles. 订阅此论文施引文献 订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献

1. Corporate foresight for the benefit of corporates' innovation climate;FUTURES & FORESIGHT SCIENCE;2024-09-13

2. The state of foresight in small and medium enterprises: literature review and research agenda;European Journal of Futures Research;2024-08-29

3. Open Strategy as Turnaround: The Impact of Openness in Restructuring Under Financial Distress;Academy of Management Perspectives;2024-08-06

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