Title: Contextualising innovative firms foresightedness in a VUCA world

Authors: Niharika Jaiswal; Manoj Joshi; Ashok Kumar

Addresses: Amity Business School, Amity University Uttar Pradesh, Lucknow Campus, Uttar Pradesh, India ' Amity University Uttar Pradesh, Lucknow Campus, P.O. Malhaur, Lucknow, Uttar Pradesh, 226028, India ' Amity University Uttar Pradesh, Lucknow Campus, P.O. Malhaur, Lucknow, Uttar Pradesh, 226028, India

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.

DOI: 10.1504/IJESB.2024.136943

International Journal of Entrepreneurship and Small Business, 2024 Vol.51 No.4, pp.494 - 512

Received: 07 Jun 2021
Accepted: 22 Jun 2021
Published online: 01 Mar 2024 *

Full-text access for editors Full-text access for subscribers Purchase this article Comment on this article