TY - JOUR U1 - Zeitschriftenartikel, wissenschaftlich - begutachtet (reviewed) A1 - Schwarz, Jan Oliver A1 - Rohrbeck, René A1 - Wach, Bernhard T1 - Corporate foresight as a microfoundation of dynamic capabilities JF - Futures & foresight science N2 - The dynamic capabilities perspective is aimed at explaining how firms achieve and sustain competitive advantages, especially in environments that become volatile, uncertain, complex, and ambiguous (VUCA). In this paper, we combine factors that explain dynamic capabilities on the firm level with factors of dynamic managerial capabilities on the individual level. In addition to the dynamic capabilities theory, we draw on corporate foresight (CF) literature to test the impact of CF training. We find that both the organizational-level practices and the individual-level training of leaders are positively associated with firm-level outcomes. We further observe that this relationship is mediated by dynamic managerial capabilities (i.e., the ability of leaders to challenge current business models, make decisions under uncertainty, and reconfigure organizational resources). Our findings emphasize the importance of training leaders and building organizational CF practices to build the dynamic capabilities needed in VUCA environments. KW - corporate foresight KW - dynamic capabilities KW - futures KW - microfoundation KW - peripheral vision Y1 - 2020 SN - 2573-5152 SS - 2573-5152 U6 - https://doi.org/10.1002/ffo2.28 DO - https://doi.org/10.1002/ffo2.28 VL - 2 IS - 2 SP - 1 EP - 11 S1 - 11 PB - John Wiley & Sons CY - Hoboken, NJ ER -