Que Sera, sera? Conceptualizing business network foresighting

• Published in: IMP journal 2018-01, Vol.12 (1), p.56-74
• Main Authors: Andersen, Poul, Holmen, Elsebeth, Pedersen, Ann-Charlott
• Format: Article
• Language: English
• Subjects: Alliances; Behavior; Offshore; Seminars; Silicon wafers; Strategic management; Subcontractors
• ISSN: 2059-1403; 0809-7259; 2059-1403
• DOI: 10.1108/IMP-03-2017-0009

PurposeNetworks and relationships are not stable. On the contrary, they change and are transformed by the actors who take part in them. Change and transformation result from the actions and reactions of these actors. However, a key issue is what makes the actors choose some actions and reactions while refraining from others. The paper aims to discuss these issues.Design/methodology/approachThe authors argue that the actors’ expectations to the future of the network are formative for the actions and reactions and, furthermore, that the future expectations are formed by interaction among the actors that take part in the networks.FindingsThe authors depart from the existing foresight literature, but realign its ideas to fit with the core tenets of the IMP approach. Thereby, the purpose is twofold: to explore and conceptualize network foresight phenomena as well as to contribute to the practice of collective foresighting in business networks.Research limitations/implicationsThe authors suggest research into formations of expectations in networks with a specific view to the interactive and structural effects of networks. Furthermore, the authors suggest a framework for categorizing network episodes and linking these to the formation of recognized issues and solutions.Practical implicationsThe authors provide a framework for analyzing the focus of business networks in terms of solutions and issues, and analytically breaking down the interaction among these.Originality/valueThe authors introduce the concept of business network foresight, both as a distinct concept that enables us to understand change and transformation in networks, but also as a procedure for supporting actors’ strategizing efforts in business networks.