We take quite a leap here but a recent McKinsey study reaffirmed the importance of corporate foresight as contributor to an organization’s long-term performance.
A recent research study conducted by McKinsey identified that agile organizations, combining speed and stability rank among the top quartile for health and long-term performance. McKinsey does define health as an organization’s ability to align, execute, and renew itself faster than the competition does and thus to sustain exceptional performance over time.
Further analysis of the management practices applied by agile organizations showed that agile organizations appear to be powerful machines for innovation and learning. Their performance stands out in three of the four management practices—top-down innovation, capturing external ideas, and knowledge sharing—associated with that outcome.