Foresight and dynamic capabilities of enterprises

Purpose. Purpose of the research is to analyze the Foresight Competencies as a component of the dynamic capabilities of enterprises. 

Deisgn/Method/Approach. The method of this research is a theoretical analysis of the place of Foresight Competencies in the structure of dynamic capabilities of enterprises. 

Findings. The Foresight is a system of methods for the transformation of priorities in the area of economy and production, social and cultural development. Analysis of Foresight Competencies as a component of dynamic capabilities of enterprises demonstrates their leading role in the implementation of the remaining components of dynamic capabilities, as well as the fact that the Foresight of enterprises exerts a transformative impact on the development of the system, helping to convert, rather than only predict, the development of a sector or an enterprise. The Foresight includes the application and transformation of enterprises' routine work, as well as innovations in production and industrial relations. It aims at selecting and using the change markers − weak and strong signals of future and probable changes.

Theoretical and practical implications. Active and accurate identification of these markers of change, including the a мlication and modification of the enterprises' routine work makes it possible not only to predict implicit trends but also to intervene in the course of processes, adjusting them with the least amount of utilized energy and resources. In addition, it allows influencing both the markets themselves and the reality of enterprise activity as a whole. Given the Foresight Competencies, an enterprise not only efficiently adapts to the changes in the environment (market), but also participates in changing it.

Originality/Value. In the present article, for the first time, the concepts of dynamic abilities and Foresight Competencies are correlated, the Foresight Competencies are considered as a component of dynamic capabilities of the enterprise as a whole. The role of routine components of vital activity of the enterprise is noted in the context of the study of dynamic capabilities.

Paper type – conceptual.