IDEAS home Printed from https://ideas.repec.org/p/zbw/iedlwp/344251.html

Bridging the foresight-action gap: A Behaviourally Enabled Strategic Foresight framework (BESF) for SMEs

Author

Listed:
  • Carayannis, Elias G.
  • Zotas, Nikos R.

Abstract

Small and medium-sized enterprises (SMEs) increasingly operate in environments characterised by technological acceleration, regulatory change, market volatility, sustainability pressures, and shifting competitive conditions. Strategic foresight can strengthen organisational preparedness by enabling firms to identify emerging developments, explore uncertainty, and consider alternative futures. Yet recognising strategically relevant change does not necessarily result in timely organisational response. This conceptual paper addresses this problem by introducing the Foresight- Action Gap, defined as the behavioural and organisational distance between recognising a strategically relevant future development and initiating an appropriate strategic response. Drawing on strategic foresight, behavioural decision-making, digital nudging, managerial attention, and dynamic capabilities, the paper develops a Behaviourally Enabled Strategic Foresight (BESF) framework tailored to the characteristics of SMEs. BESF integrates six functions: sensing, interpretation, anticipation, prioritisation, action, and organisational learning. The framework proposes that context-sensitive digital nudges can reduce specific behavioural frictions within this process while preserving managerial autonomy. Rather than assuming that nudging universally improves decisions, it emphasises friction-intervention fit and organisational context. The paper develops six theoretical propositions and a staged empirical agenda for validating the Foresight-Action Gap and the BESF framework.

Suggested Citation

  • Carayannis, Elias G. & Zotas, Nikos R., 2026. "Bridging the foresight-action gap: A Behaviourally Enabled Strategic Foresight framework (BESF) for SMEs," Working Papers 18, National and Kapodistrian University of Athens, Department of Economics, International Economics and Development Laboratory (IEDL).
  • Handle: RePEc:zbw:iedlwp:344251
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/344251/1/1986938530.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:iedlwp:344251. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/deuoagr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.