{"type":"journal_article","publication_identifier":{"eissn":["2573-5152"],"issn":["2573-5152"]},"abstract":[{"text":"The dynamic capabilities perspective is aimed at explaining how firms achieve and sustain competitive advantages, especially in environments that become volatile, uncertain, complex, and ambiguous (VUCA). In this paper, we combine factors that explain dynamic capabilities on the firm level with factors of dynamic managerial capabilities on the individual level. In addition to the dynamic capabilities theory, we draw on corporate foresight (CF) literature to test the impact of CF training. We find that both the organizational-level practices and the individual-level training of leaders are positively associated with firm-level outcomes. We further observe that this relationship is mediated by dynamic managerial capabilities (i.e., the ability of leaders to challenge current business models, make decisions under uncertainty, and reconfigure organizational resources). Our findings emphasize the importance of training leaders and building organizational CF practices to build the dynamic capabilities needed in VUCA environments.","lang":"eng"}],"date_updated":"2024-07-01T09:39:01Z","language":[{"iso":"eng"}],"intvolume":"         2","publisher":"Wiley","issue":"2","author":[{"last_name":"Schwarz","full_name":"Schwarz, Jan Oliver","first_name":"Jan Oliver"},{"full_name":"Rohrbeck, René","last_name":"Rohrbeck","first_name":"René"},{"last_name":"Wach","orcid_put_code_url":"https://api.orcid.org/v2.0/0000-0002-6286-2533/work/94817466","full_name":"Wach, Bernhard","id":"241692","orcid":"0000-0002-6286-2533","first_name":"Bernhard"}],"doi":"10.1002/ffo2.28","volume":2,"quality_controlled":"1","date_created":"2021-06-02T04:58:20Z","publication":"FUTURES & FORESIGHT SCIENCE","title":"Corporate foresight as a microfoundation of dynamic capabilities","citation":{"apa":"Schwarz, J. O., Rohrbeck, R., &#38; Wach, B. (2020). Corporate foresight as a microfoundation of dynamic capabilities. <i>FUTURES &#38; FORESIGHT SCIENCE</i>, <i>2</i>(2). <a href=\"https://doi.org/10.1002/ffo2.28\">https://doi.org/10.1002/ffo2.28</a>","chicago":"Schwarz, Jan Oliver, René Rohrbeck, and Bernhard Wach. “Corporate Foresight as a Microfoundation of Dynamic Capabilities.” <i>FUTURES &#38; FORESIGHT SCIENCE</i> 2, no. 2 (2020). <a href=\"https://doi.org/10.1002/ffo2.28\">https://doi.org/10.1002/ffo2.28</a>.","ieee":"J. O. Schwarz, R. Rohrbeck, and B. Wach, “Corporate foresight as a microfoundation of dynamic capabilities,” <i>FUTURES &#38; FORESIGHT SCIENCE</i>, vol. 2, no. 2, 2020.","short":"J.O. Schwarz, R. Rohrbeck, B. Wach, FUTURES &#38; FORESIGHT SCIENCE 2 (2020).","alphadin":"<span style=\"font-variant:small-caps;\">Schwarz, Jan Oliver</span> ; <span style=\"font-variant:small-caps;\">Rohrbeck, René</span> ; <span style=\"font-variant:small-caps;\">Wach, Bernhard</span>: Corporate foresight as a microfoundation of dynamic capabilities. In: <i>FUTURES &#38; FORESIGHT SCIENCE</i> Bd. 2, Wiley (2020), Nr. 2","bibtex":"@article{Schwarz_Rohrbeck_Wach_2020, title={Corporate foresight as a microfoundation of dynamic capabilities}, volume={2}, DOI={<a href=\"https://doi.org/10.1002/ffo2.28\">10.1002/ffo2.28</a>}, number={2}, journal={FUTURES &#38; FORESIGHT SCIENCE}, publisher={Wiley}, author={Schwarz, Jan Oliver and Rohrbeck, René and Wach, Bernhard}, year={2020} }","ama":"Schwarz JO, Rohrbeck R, Wach B. Corporate foresight as a microfoundation of dynamic capabilities. <i>FUTURES &#38; FORESIGHT SCIENCE</i>. 2020;2(2). doi:<a href=\"https://doi.org/10.1002/ffo2.28\">10.1002/ffo2.28</a>","mla":"Schwarz, Jan Oliver, et al. “Corporate Foresight as a Microfoundation of Dynamic Capabilities.” <i>FUTURES &#38; FORESIGHT SCIENCE</i>, vol. 2, no. 2, Wiley, 2020, doi:<a href=\"https://doi.org/10.1002/ffo2.28\">10.1002/ffo2.28</a>."},"user_id":"220548","_id":"1110","status":"public","publication_status":"published","year":"2020"}