Contextualising innovative firms foresightedness in a VUCA world

Niharika Jaiswal, Manoj Joshi and Ashok Kumar

International Journal of Entrepreneurship and Small Business, 2024, vol. 51, issue 4, 494-512

Abstract: Recently, there has been renewed interest in understanding factors and contexts that influence innovative firms. However, mechanisms and boundary conditions are yet to be understood. Accordingly, we contend that foresightedness and readiness are important factors that help start-ups shape up into innovative firms in the context of the VUCA world. We empirically validated our propositions using data from both primary and secondary sources utilising the inductive method for analysis. Results show that both foresightedness and readiness shape innovation in the VUCA world. These findings contribute to a better understanding of factors that shape innovation. This study should, therefore, be of value to practitioners wishing to help entrepreneurs to survive and grow in the context of the VUCA world.

Keywords: start-ups; entrepreneurial firms; innovative firms; foresightedness; VUCA; redBus. (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijesbu:v:51:y:2024:i:4:p:494-512

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