Technology Vision: a scale development

Researchers have cited significant gaps in our knowledge regarding the early stages of vision formation in the radical innovation context and have emphasised the importance of further investigation in this area. As such, this paper aims first to build on the extant literature on organizational, project and Market Vision in order to construct a measure for Technology Vision through theory construction, scale development and modeling. The second goal is to help firms to better understand what the underlying components of Technology Vision are in order to offer themselves the best possible chance of success with the development of radically new, high‐tech products. Based on samples of firms involved with radical innovation research and development in high‐tech sectors in North America and the United Kingdom, conceptual and measurement studies conducted herewith suggest there are five factors related to Technology Vision: Technology Vision benefits, Technology Vision efficiency, Technology Vision magnetism, Technology Vision specificity, and infrastructure clarity. The paper concludes with an examination of the implications of these components of Technology Vision and discusses the need to understand its relationship with Market Vision and the performance of the firm.