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Entrepreneurial firms and their foresightedness in a VUCA world

Author

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  • Niharika Jaiswal
  • Manoj Joshi
  • Ashok Kumar

Abstract

Entrepreneurship has always been a central point of discussion amongst educators, practitioners and policymakers, besides the incumbents intending to emerge as an entrepreneur. Other than the core of venture creation, these entrepreneurs have a critical role to play in the wealth creation, resource optimisation and economic development of the region they belong to. Hence, they must reflect or possess some kind of foresightedness to be sustainable and contributory in their long-standing entrepreneurial journey, which is a turbulent one. The authors, tabled their diverse experience after reviewing the extent literature on entrepreneurship realising that there is a critical need to identify and classify these firms engaged in true sense of entrepreneurship, before embarking upon the principal research question, which is, 'do entrepreneurial firms possess foresightedness in a volatile, uncertain, complex and ambiguous (VUCA) world? ' We selected enterprises seeded between 2000-2019, examining their entrepreneurial journey, using qualitative method and interpretivism.

Suggested Citation

  • Niharika Jaiswal & Manoj Joshi & Ashok Kumar, 2024. "Entrepreneurial firms and their foresightedness in a VUCA world," International Journal of Business and Globalisation, Inderscience Enterprises Ltd, vol. 37(2), pages 151-166.
    • Handle: RePEc:ids:ijbglo:v:37:y:2024:i:2:p:151-166
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