Critical Analysis - 2451 Words

1. Summary: Exploring value creation from the corporate foresight activity The article Exploring value creation from the corporate foresight activity explains in details, both technical and the human aspect, the value creation from the future research. As the future research involves a monitory as well the human capital the return on investment is an important debate. While discussing the return on investment the time line is also a concern that when the return of the present investment would be physically enjoyable. The paper starts with a brilliant introduction of the thesis statement and the author has argued the most common question â€Å"Have the predictions been accurate? ‘With the question ‘‘did our futures research create any value?’’†¦show more content†¦From both the views the examples and the empirical evidences suggest foresight activities to be a very good investment for the organization. But the dilemma of time of the research activity remains. Through the case discussion it is concluded that the corpo rate foresight activity can result in †¢ Identify relevant change †¢ Trigger innovation initiatives †¢ Challenge innovation development †¢ Contribute to overcoming dominant mental models †¢ Moderate strategic discussions †¢ Support the breaking away from path dependency †¢ Support the search, development, and acquisition of strategic resources through scouting networks, etc. From a researcher’s point of view the author has suggested a linking of foresight activity to the knowledge pool of the organization (may it be strategic body) and has ended with a long standing research question; how can firms become future-oriented? The author has found out main four success criteria for corporate foresight activity 1. Foresighters committed to creating value, 2. Participation of internal stakeholders, 3. Analysis that follows a systemic logic, and 4. Methods and processes that are tailored to companies’ needs. Strengths and Weakness of the author’s argument. The author of the article have suggested many point on the use of corporate-foresight activity and have supported his argument with a detailed literature analysis and empirical evidences , the argument made by the author are quietShow MoreRelatedCritical Analysis : Critical Thinking1245 Words   |  5 PagesCritical analysis is an art of analyzing and evaluating thinking with a view of improving it. In a broader sense, critical analysis is a process in which a person considers and evaluate the claims made by the theorists, experts, official bodies, journalists, etc., and then try to understand whether the basis of those claims are sound, applicable or relevant to the situation (Gould, 2011). In fact, critical thinking skills are essential to make better informed and more balanced decisions. Also, itRead MoreCritical Analysis On Critical Thinking Essay870 Words   |  4 PagesHitchens. What is critical thinking? What does it mean to think? 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