This paper proposes and studies the rationalizable foresight dynamics. A normal form game is repeatedly played in a random matching fashion by a continuum of agents who make decisions at stochastic points in time. A rationalizable foresight path is a feasible path of action distribution along which each agent takes an action that maximizes his expected discounted payoff against another path whi...

To navigate turbulent business environments, organizations have to develop foresight capacities that enable them to anticipate probable futures, respond rapidly to emerging changes, and support future oriented action. However, there are remaining barriers that impede a wider implementation of foresight. In particular, the necessities to deal with the future, anticipate change, enhance participa...

Article history: Received 22 December 2013 Accepted 24 February 2014 Available online 20 March 2014 When developing foresight, it is essential to consider the information on which this activity is based. Weak signals, also conceptualised as trends, can be considered the most relevant input for developing foresight in an organisation. While detecting weak signals has traditionally relied on the ...

In this paper, we demonstrate the design and use of a Foresight Support System (FSS) combining two multi-criteria decision-making (MCDM) methods. Traditionally, foresight activities involves Delphi, focus group, or Estimate-Talk-Estimate techniques to collect opinions of an expert panel. Often, these techniques are not computerized and data visualization is rudimentary. Our highly-interactive F...

Technology foresight has received growing attention among those involved in the shaping and implementation of science and technology (S&T) policies. However, although evaluative analyses of foresight exercises have supplied evidence on acclaimed benefits – such as the generation of futureoriented knowledge and strengthening of collaborative networks – they also point to challenges in translatin...

Technology Foresight (TF) is considered as an important tool for policy makers worldwide. United Nations Industrial Development Organization (UNIDO) and European Union (EU) are considered as major players in this regard, though the foresight studies were pioneered by USA and Japan. In Pakistan, the TF activity started for the first time in 2008. As a result of mini Delphi Survey, the areas of e...

Technology foresight activities in Korea have been undertaken in three ways. One is to support the launching of national research and development (R&D) programs and also the establishment of science and technology (S&T) development plans. The first national R&D program was started in the early 1980s and at that time a primitive type of technology foresight activities was performed under the ini...

This paper focuses on the practice of Corporate Foresight within a multinational automotive company. It portrays how the early detection of mediumto long-term developments in the broader business environment, including social and market developments, is integrated into innovation and strategy processes. The objective of the paper is to portray the genesis of Corporate Foresight, major working a...

Companies spend millions of dollars on advertising to boost a brand’s image, while simultaneously spending millions of dollars on promotion that calls attention to price and erodes brand equity. This situation arises because both advertising and promotion are necessary to compete effectively in dynamic markets. Consequently, brand managers need to account for interactions between marketing acti...