Corporate Foresight: Real or Ideal?

Abstract

Wenzel's response to Fergnani (2022) is a laudable effort to advance the study of corporate foresight practices and processes, an important yet underinvestigated area of research in management and strategy scholarship. Wenzel's arguments encourage us to reflect not only on the arguments made by Fergnani (2022) but also on the core tenets of the futures studies and foresight literature(1)-tenets that could be misapprehended. Such reflection opens opportunities to clarify the construct of corporate foresight and further integrate it with existing management and strategy scholarship, which can encourage conceptual and empirical research in this domain. This rejoinder elaborates on these points in more detail as follows.