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The impact of foresight on entrepreneurship: The Wales 2010 case study

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  • Rhisiart, Martin
  • Jones-Evans, Dylan

Abstract

This paper addresses the link between foresight and entrepreneurship over the long term. As such, it addresses two distinct gaps in foresight knowledge and literature namely the link between foresight and entrepreneurship; and longitudinal assessments of foresight activities in specific policy areas. The aim of this paper is to assess the impact of foresight on entrepreneurship over a long term perspective. In 1993, the results of an eighteen month foresight visioning exercise, Wales 2010, were published. It set out an enterprise vision built on engaging the ideas and views of a range of economic and social actors, and recommended a programme of interventions to help develop an entrepreneurship culture. Seven years after the setting of this vision, the Entrepreneurship Action Plan was developed, the first of its kind in Europe. Over the following years to 2005, entrepreneurial activity in Wales grew significantly outpacing the UK as a whole. However, a loss of focus on entrepreneurship in the years between 2005 and 2011, due to institutional factors and a lack of foresight renewal, was accompanied by a decline in entrepreneurial activity, which has only recently recovered. Wales 2010 created a foresight legacy: the foresight exercise was an antecedent to the development of entrepreneurship policy and to notable growth in entrepreneurial activity.

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  • Rhisiart, Martin & Jones-Evans, Dylan, 2016. "The impact of foresight on entrepreneurship: The Wales 2010 case study," Technological Forecasting and Social Change, Elsevier, vol. 102(C), pages 112-119.
    • Handle: RePEc:eee:tefoso:v:102:y:2016:i:c:p:112-119
    DOI: 10.1016/j.techfore.2015.03.010
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    References listed on IDEAS

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    1. Attila Havas & Doris Schartinger & Matthias Weber, 2010. "The impact of foresight on innovation policy-making: recent experiences and future perspectives," Research Evaluation, Oxford University Press, vol. 19(2), pages 91-104, June.
    2. Kerstin Cuhls & Luke Georghiou, 2004. "Evaluating a participative foresight process: ‘Futur - the German research dialogue’," Research Evaluation, Oxford University Press, vol. 13(3), pages 143-153, December.
    3. Jonathan Calof & Jack E Smith, 2010. "Critical success factors for government-led foresight," Science and Public Policy, Oxford University Press, vol. 37(1), pages 31-40, February.
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    2. Onwuegbuzie, Henrietta N. & Mafimisebi, Oluwasoye P., 2021. "Global relevance of scaling African indigenous entrepreneurship," Technological Forecasting and Social Change, Elsevier, vol. 166(C).
    3. Coulibaly, Salifou K. & Erbao, Cao & Metuge Mekongcho, T., 2018. "Economic globalization, entrepreneurship, and development," Technological Forecasting and Social Change, Elsevier, vol. 127(C), pages 271-280.
    4. Georgios Fotopoulos & David J. Storey, 2019. "Public policies to enhance regional entrepreneurship: another programme failing to deliver?," Small Business Economics, Springer, vol. 53(1), pages 189-209, June.
    5. Rhisiart, Martin & Störmer, Eckhard & Daheim, Cornelia, 2017. "From foresight to impact? The 2030 Future of Work scenarios," Technological Forecasting and Social Change, Elsevier, vol. 124(C), pages 203-213.
    6. Víctor Jesus García-Morales & Rodrigo Martín-Rojas & Raquel Garde-Sánchez, 2020. "How to Encourage Social Entrepreneurship Action? Using Web 2.0 Technologies in Higher Education Institutions," Journal of Business Ethics, Springer, vol. 161(2), pages 329-350, January.

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