Managerial foresight : measurement scale and estimation

• Purpose – This paper aims to develop and assess an instrument measuring managerial foresight. Design/methodology/approach – The paper outlines the construction and estimation of the instrumentthrough a seven-step process. A total of 57 preliminary Likert items were developed based on an extantreview and synthesis of definitions of foresight. The items were assessed through interviews andpre-testing. A preliminary instrument was administered to a selection of managers. Exploratory andconfirmatory factor analyses were employed to assess sub-scales and model fit. The instrument wasevaluated in terms of reliability and validity. Findings – The study demonstrates a valid and reliable 12 Likert item scale for measuring managerialforesight.Research limitations/implications – Managerial foresight can now be assessed and tested forassociation with, for example, managerial or organizational performance variables. Practical implications – Managers can now be assessed and compared in terms of foresight.Originality/value – In developing and estimating an instrument for measuring managerial foresight, thepaper advances foresight into a quantitatively measurable concept.

Ämnesord

SAMHÄLLSVETENSKAP  -- Ekonomi och näringsliv -- Företagsekonomi (hsv//swe)

SOCIAL SCIENCES  -- Economics and Business -- Business Administration (hsv//eng)

Nyckelord

Business planning

Measurement

Strategic planning

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