Strategic Agility: Achieving Superior Organizational Performance through Strategic Foresight

Arokodare, Micheal Abiodun; Asikhia; O. U.

Authors

Arokodare, Micheal Abiodun
Asikhia
O. U.

Keywords:

dynamic capability, entrepreneurship innovation, firm performance, strategic agility and strategic foresight

Abstract

Firms globally encounter challenges of maintaining business superior performance over a long period. Most business organizations managers in today's modern age, find it difficult to constantly achieve targeted business performance due to poor strategic insight and agility to manage uncertainty business environment and globalization in the 21st century. The majority of firms in the 21st century have recorded a fast decline in financial and non-financial performance resulting from a poor understanding of strategic agility dimensions to tackle global business trends and environmental turbulence. Theoretically, the study was conducted to investigate the link between strategic agility and firm performance through strategic foresight as part of antecedent of strategic foresight. The Dynamic Capability and Entrepreneurship Innovation theories were the underpinning theories for the study. Thus a conceptual model was developed to depict the interaction between strategic agility and firm performance through strategic foresight. Majority of past literature shown that strategic agility and strategic foresight have significantly enhanced firm superior performance.

Downloads

How to Cite

Strategic Agility: Achieving Superior Organizational Performance through Strategic Foresight. (2020). Global Journal of Management and Business Research, 20(A3), 7-16. https://journalofbusiness.org/index.php/GJMBR/article/view/3025

Download Citation

References

K Albright (2004) Environmental scanning: Radar for success. 38(3), 38-45.

A Alhadid (2016) The effect of organization agility on organization performance. 5(1), 273.

A Al-Hosani, A Mohammed-Arbab, A Azzam-Elmasri (2017) Does information technology affect improvement of human resources directorate's performance in a selected organization in the Kingdom of Bahrain?. 15(1), 8-14.

Teresa Amabile (1997) Motivating Creativity in Organizations: On Doing What You Love and Loving What You Do. 40(1), 39-58.

Amar Amar, Januj Juneja (2008) A descriptive model of innovation and creativity in organizations: a synthesis of research and practice. 6(4), 298-311.

V Ambrosini, C Bowman, N Collier (2009) Dynamic capabilities: An exploration of how firms renew their resource base. 20(1), 734-742.

Steven Appelbaum, Rafael Calla, Dany Desautels, Lisa Hasan (2017) The challenges of organizational agility (part 1). 49(1), 6-14.

Anna Arbussa, Andrea Bikfalvi, Pilar Marquès (2017) Strategic agility-driven business model renewal: the case of an SME. 55(2), 271-293.

L Ardianus, M Petrus (2016) The utilization of resource-based view theory on minimarket retail: Its implication toward strategy and competitive advantage. 3(7), 1-23.

Saša Baškarada, Diana Shrimpton, Simon Ng (2016) Learning through foresight. 18(4), 414-433.

Alexey Bereznoy (2017) Corporate Foresight in Multinational Business Strategies. 11(1), 9-22.

C Bredenhann (2019) Oil and Gas in Africa. 13-77.

Robert S. Goodman, Donald L. Crooks, Foued Ayari (2009) The Financial Crisis and its Effect on the Financial Markets. 3(3), 1-9.

Jihui Chen, George Waters (2017) Firm efficiency, advertising and profitability: Theory and evidence. 63, 240-248.

Alexander Chepurenko (2015) Entrepreneurship Theory: New Challenges and Future Prospects. 9(2), 44-57.

R Chia (2002) Essay: Time, duration and simultaneity: Rethinking process and change in organizational analysis. 23(6), 863-868.

H Christensen (2010) Defining customer value as the driver of competitive advantage. 38(5), 20-25.

Rebel Cole, Douglas Cumming, Dan Li (2016) Do banks or VCs spur small firm growth?. 41, 60-72.

Y Cooper, D Nakanishi (2014) Implementing strategic missions: Effective strategic, structural and tactical choices. 31(4), 481-505.

Yves Doz, Mikko Kosonen (2008) The Dynamics of Strategic Agility: Nokia's Rollercoaster Experience. 50(3), 95-118.

M Easterby-Smith, M Lyles, M Peteraf (2009) Dynamic capabilities: Current debates and future directions. 20, 1-S8.

Bulelwa Mandyoli, Chux Gervase Iwu, Zinzi Magoda (2009) DETERMINING THE NEXUS BETWEEN SOCIAL ENTREPRENEURSHIP AND THE EMPLOYABILITY OF GRADUATES. 5(10), 279-298.

A Ganguly, R Nilchiani, J Farr (2009) Evaluating agility in corporate enterprises. 118(2), 410-423.

Rahim Ganiyu (2017) CUSTOMER SATISFACTION AND LOYALTY: A STUDY OF INTERRELATIONSHIPS AND EFFECTS IN NIGERIAN DOMESTIC AIRLINE INDUSTRY. 2(1), 7-20.

Jeff Gaspersz (2005) Compete with Creativity.

Michael Gary, Robert Wood, Tracey Pillinger (2012) Enhancing mental models, analogical transfer, and performance in strategic decision making. 33(11), 1229-1246.

C Gibson (2009) Financial Reporting and Analysis, Using Financial Accounting Information.

Maryam Hemmati, Davood Feiz, Mohammad Jalilvand, Iman Kholghi (2016) Development of fuzzy two-stage DEA model for competitive advantage based on RBV and strategic agility as a dynamic capability. 11(1), 288-308.

A Ismail, R Rose, H Abdullah, J Uli (2010) The relationship between organisational competitive advantage and performance moderated by the age and size of firms. 15(2), 157-173.

Miriam Mutua, Blandina Kori (2017) Growth Strategies and Performance of Commercial Banks in Nairobi County, Kenya. 6(6), 22-34.

T Kuosa (2016) The evolution of strategic foresight: Navigating public policy making.

A Leigh (2003) Thinking ahead: Strategic foresight and government. 62(2), 3-10.

L Liang, A Kuusisto, J Kuusisto (2018) Building strategic agility through user-driven innovation: The case of the Finnish public service sector. 19(1), 74-100.

Einar Madsen (2007) The significance of sustained entrepreneurial orientation on performance of firms - A longitudinal analysis. 19(2), 185-204.

Nicholas Mavengere (2013) Information technology role in supply chain's strategic agility. 6(1), 7.

Laird Mclean (2005) Organizational Culture's Influence on Creativity and Innovation: A Review of the Literature and Implications for Human Resource Development. 7(2), 226-246.

M Muriithi (2013) The determinants of healthseeking behavior in a Nairobi slum, Kenya. 9(8).

S Musyoka (2016) Factors that influence organizational performance in the hospitality industry: A case study of Sankara Nairobi.

Majid Nejatian, Mohammad Zarei, Mehran Nejati, Seyed Zanjirchi (2018) A hybrid approach to achieve organizational agility. 25(1), 201-234.

W Olanipekun, M Abioro, L Akanni, O Arulogun, R Rabiu (2015) Impact of strategic management on competitive advantage Strategic Agility: Achieving Superior Organizational Performance through Strategic Foresight.