Future Scorecard in Strategic Foresight Context

Subject Areas : Futurology

Saeed Khazaee Sahneh ¹ , Mehran Aslaniyan ²

1 - Professor of futures studies in Imam Hossein University, Tehran, Iran
2 - Phd of human resource management, University of Sistan and Baluchestan, Zahedan, Iran(Corresponding Author) [e-mail]

Received: 2017-07-20 Accepted : 2017-09-12 Published : 2017-07-23

Keywords: Future scorecard, Scenario based planning, Traditional performance indica, Change indicators, Critical market indicators, Strategy premises,

Abstract :

Context: Scenarios have traditionally been used to describe the possibility of replacing future developments in the external environment, which are then used to assess the current strategy and develop future strategies. However, with a shift in focus away from the market-based paradigm towards a resource-based view of strategies, scenarios can also be used to describe alternatives for internal development paths of an organization. Then, these two types of scenarios can be systematically developed and used as significant features of an early strategic warning system (Future Scorecard). This research tries to provide a systematic approach towards strategic foresight by combining internal scenarios (resource-based view) and external scenarios (market-based view) within a mechanism called the future scorecard that can be used to describe alternative ways of internal development in organizations. By studying existing literature, as well as numerous examples, tries to develop the concept of future scorecard. The findings suggest that the external (market-based) and internal (resource-based) approach to building an early strategic warning system should be combined. Objectives: This research tries to provide a systematic approach towards strategic foresight by combining internal scenarios (resource-based view) and external scenarios (market-based view) within a mechanism called the future scorecard that can be used to describe alternative ways of internal development in organizations. Methods: By studying existing literature, as well as numerous examples, this research tries to develop the concept of future scorecard. Finding and conclusions: The findings suggest that the external (market-based) and internal (resource-based) approach to building an early strategic warning system should be combined. It also showed that the future scorecard includes performance indicators, change indicators, critical market indicators, and strategy premises