Open AccessStrategic Agility: Achieving Superior Organizational Performance through Strategic Foresight
Author(s) -
Micheal Arokodare,
Olalekan Asikhia
Publication year - 2020
Publication title -
global journal of management and business research
Language(s) - English
Resource type - Journals
eISSN - 2249-4588
pISSN - 0975-5853
DOI - 10.34257/gjmbravol20is3pg7
Subject(s) - futures studies , underpinning , strategic planning , business , strategic management , entrepreneurship , strategic thinking , strategic financial management , globalization , industrial organization , marketing , strategic fit , dynamic capabilities , process management , economics , engineering , finance , market economy , computer science , civil engineering , artificial intelligence
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.