The IfSTO would like to cordially invite you to the upcoming research talk by

Professor Felipe Csaszar (University of Michigan's Ross School of Business)

Topic:Individual and Organizational Antecedents of Strategic Foresight

Abstract (short):
The ability to make predictions about strategic outcomes---what we term *strategic foresight*---is central to most theories of competitive advantage. This paper studies what are the individual- and organization-level antecedents of strategic foresight by analyzing an exercise taken by 358 MBA students. Among the individual antecedents, we show that individuals with mental representations that accurately match the consensus and have a high degree of internal consistency perform better; we also find that management education increases performance. From comparing the performance of individuals to the performance of groups, we show that groups exhibit greater strategic foresight than individuals. Finally, from comparing the performance of real-life groups with "statistical" groups (for which decisions are computed by averaging individuals' predictions before any of these individuals have met), we show that the improvement from using groups is mostly due to error-cancellation rather than due to the deliberation that happens within groups.

Time:  Thursday, April 21^th,  2016, from 12:15 pm until 1:45 pm
Location: Universität Wien, Besprechungsraum 4.313, Oskar Morgenstern Platz 1, 1090 Wien

For updates see: http://www.wu.ac.at/ifsto/speaker-series

If you are interested in attending the presentation, for planning purposes kindly confirm your interest to Elisabeth Brunner (elisabeth.brunner@wu.ac.at) by April 18^th, 2016.

The speaker series is hosted jointly by the Institute for Strategy, Technology and Organization (Christopher Lettl) and the Strategic Management Subject Area at the University of Vienna (Markus Reitzig). The series addresses topics at the interface of strategic management, innovation, technology, and organization design. Aim of the series is the facilitation of research dialogue within our department, boundary spanning to other WU departments, and the facilitation of networking with renowned scholars in the field. See http://www.wu.ac.at/ifsto/speaker-series/ for details on future talks (speakers, dates). The series is associated with the RESEARCH PROGRAM ON OPEN INNOVATION of the Institute for Strategy, Technology and Organization.

We are greatly looking forward to seeing you!