Professor Riccardo Vecchiato
Faculties, departments and locations
- Faculty of Business and Social Sciences
- Department of Strategy, Marketing and Innovation
- Small Business Research Centre
- Ȧ Business School
- Ȧ Hill
Professor of Strategic Management
- Email:
- [email protected]
About
I am a Professor of Strategic Management at Ȧ.
My research work focuses on environmental turbulence and the practices and techniques (e.g., scenario planning, technology roadmapping) that corporate managers and policymakers might use to cope with it. On these themes, I worked with several national and regional governmental bodies in Italy and the EU by contributing to elaborating, experimenting and transferring new foresight methodologies that helped decision makers to identify new critical technologies, settle their innovation priorities, design public procurement initiatives, and ultimately foster the competitiveness of local firms.
In 2018, I secured a grant from Innovate UK within the Business Basics Fund Programme for my project "Technology Foresight for Growth and Productivity: The Design and Implementation of a New Foresight Approach for UK SMEs".
I am committed to transferring my research output and positively impacting students, business managers, and public decision-makers.
Qualifications
- Doctorate in Business Administration, School of Management, Polytechnic of Milan
- MSc in Management Engineering, School of Management, Polytechnic of Milan
Domains
My research explores how corporate organisations and public governmental bodies cope with the growing uncertainty of the business environment. It focuses on strategic decision-making processes, organisational change and adaptation, and strategic foresight, and explores approaches like scenario planning, Delphi, and roadmapping.
I carried out field research on prominent European and US firms that have established a corporate foresight unit and examined the impact of their foresight efforts on their long-term performance. My research output has been published in leading academic journals and contributed to an impact case study for REF2021.
I have been a Principal Investigator or Co-Investigator for several research projects funded by the EU Commission and the national governments of Italy and the UK. These projects aimed to develop, transfer, and apply new foresight methodologies in public governmental bodies, large companies, and SMEs. The aim of these projects was to help public organisations and companies rationally set their R&D and innovation priorities by optimising the long-term impact of their strategic investments.
I have acted as a consultant in the field of strategic foresight for major companies in Italy and the EU. My collaboration with Pirelli led to an action research-based paper I published in 2020 in R&D Management and an impact case study ("Product and Technology Roadmapping (TRM) at Pirelli") that was highly ranked in the REF2021. Senior managers at Pirelli learnt about my research work, which illustrated how successful companies have designed and used product and technology roadmapping (TRM) for coping with the increasing volatility of the business environment. We then started a cooperation that led to the co-design and co-creation of an innovative approach to TRM – an approach bespoke to this company's specific needs.
Qualifications and expertise
- Fellowship of the Higher Education Academy
I am the founder and leader of the research hub on Foresight, Creativity, and Decision-making at the Ȧ Business School. The objective of this research hub is to bring together, under the common umbrella of decision-making under uncertainty, the expertise and competencies of the business school in all the related research areas of:
- Strategic foresight, cognition and psychology of decision-making
- Advanced quantitative modelling of financial valuation under uncertainty
- Risk management in operations management and project management
- Organisational creativity, innovation and user foresight
- SMEs and entrepreneurship
I am a REF 21 and REF 27 Internal Review Panel member.
I have been a Principal Investigator for several research projects funded by the EU Commission and the national governments of Italy, the EU, and the UK.
I am responsible for all the strategic management modules delivered to PG and MBA students at the Ȧ Business School, involving around 10 occurrences and 600 students in UK, Russia, and Germany.
Publications
Gli strumenti di strategic intelligence a supporto delle politiche per la ricerca e l’Innovazione [=Strategic intelligence tools to support research and innovation policies]
Roveda, Claudio, Verganti, Roberto, Landoni, Paolo and Vecchiato, Riccardo (2007). Milan, Italy: (Guerini e Associati)
L’internazionalizzazione delle PMI nell’area milanese [=The internationalization of the SMEs of Milan]
Roveda, Claudio and Vecchiato, Riccardo (2005). Milan, Italy: (Franco Angeli)
Whether and when to invest in transportation projects : combining scenarios and real options to manage the uncertainty of costs and benefits
Di Maddaloni, Francesco, Favato, Giampiero and Vecchiato, Riccardo, 2024, IEEE Transactions on Engineering Management (71), pp 1023-1037
Innovation and foresight in SMEs : lessons from the case of UK digital health companies
Vecchiato, Riccardo, Do, Hang, Pierrakis, Yannis and Blackburn, Robert, 2023, IEEE Transactions on Engineering Management
Foresight, sensemaking, and new product development : constructing meanings for the future
Sakellariou, Evy and Vecchiato, Riccardo, 2022, Technological Forecasting and Social Change (184), pp 121945
Roadmapping for innovation management : evidence from Pirelli
Amati, Guido, Motta, Virna and Vecchiato, Riccardo, 2020, (50), 4, pp 462-477
Analogical reasoning, cognition, and the response to technological change : lessons from mobile communication
Vecchiato, Riccardo, 2020, Research Policy (49), 5, pp 103958
Foresight, cognition, and long-term performance : insights from the automotive industry and opportunities for future research
Vecchiato, Riccardo, Favato, Giampiero, Di Maddaloni, Francesco and Do, Hang, 2020, (2), 1, pp e25
Scenario planning, cognition, and strategic investment decisions in a turbulent environment
Vecchiato, Riccardo, 2019, Long Range Planning (52), 5, pp 101865
Embedding real options in scenario planning : a new methodological approach
Favato, Giampiero and Vecchiato, Riccardo, 2017, Technological Forecasting and Social Change (124), pp 135-149
Ecological validity of cost-effectiveness models of universal HPV vaccination : a systematic literature review
Favato, Giampiero, Easton, Tania, Vecchiato, Riccardo and Noikokyris, Emmanouil, 2017, Vaccine (35), 20, pp 2622-2632
Disruptive innovation, managerial cognition, and technology competition outcomes
Vecchiato, Riccardo, 2017, Technological Forecasting and Social Change (116), pp 116-128
Ecological validity of cost-effectiveness models of universal HPV vaccination : a protocol for a systematic review
Favato, Giampiero, Noikokyris, Emmanouil and Vecchiato, Riccardo, 2017, Systematic Reviews (6), 17
Creating value through foresight : first mover advantages and strategic agility
Vecchiato, Riccardo, 2015, Technological Forecasting and Social Change (101), pp 25-36
Strategic planning and organizational flexibility in turbulent environments
Vecchiato, Riccardo, 2015, Foresight (17), 3, pp 257-273
Foresight for public procurement and regional innovation policy : the case of Lombardy
Vecchiato, Riccardo and Roveda, Claudio, 2014, Research Policy (43), 2, pp 438-450
Environmental uncertainty, foresight and strategic decision making: an integrated study.
Vecchiato, Riccardo, 2012, Technological Forecasting and Social Change (79), 3, pp 436-447
Strategic foresight and environmental uncertainty: a research agenda
Vecchiato, Riccardo, 2012, Foresight (14), 5, pp 387-400
Strategic foresight: matching environmental uncertainty
Vecchiato, Riccardo, 2012, (24), 8, pp 783-796
Experimentation of trans-regional foresight: the case of the ForTransRis project
Roveda, Claudio and Vecchiato, Riccardo, 2011, International Journal of Foresight and Innovation Policy (7), 4, pp 251-270
Strategic foresight in corporate organizations: handling the effect and response uncertainty of technology and social drivers of change
Vecchiato, Riccardo and Roveda, Claudio, 2010, Technological Forecasting and Social Change (77), 9, pp 1527-1539
Foresight in corporate organizations
Vecchiato, Riccardo and Roveda, Claudio, 2010, (22), 1, pp 99-112
Distretti industriali e politiche per l’innovazione: il ruolo del foresight [=Industrial districts and innovation policies: the role of foresight]
Roveda, Claudio and Vecchiato, Riccardo, 2008, Journal of Industrial and Business Economics (2008), 1, pp 5-24
Foresight and innovation in the context of industrial clusters: the case of some Italian districts
Roveda, Claudio and Vecchiato, Riccardo, 2008, Technological Forecasting and Social Change (75), 6, pp 817-833
A new methodology for regional foresight
Roveda, C., Vecchiato, R., Verganti, R. and Landoni, P., 2007, International Journal of Foresight and Innovation Policy (3), 2, pp 218-234
Relationships between national and regional foresight : the lessons from experience
Roveda, C., Vecchiato, R. and Vercesi, P., 2004, International Journal of Foresight and Innovation Policy (1), 3/4, pp 318-324
Entrepreneurship collaboration, business models and firm creation : enhancing local economical network
Vercesi, Paolo, Monjas Kanpandegi, Ion X., Vecchiato, Riccardo and Pugno, Roberto (2014). In: Del B0, Alberto, (eds.) and Bignami, Daniele Fabrizio, (eds.), Sustainable social, economic and environmental revitalization in Multan City : a multidisciplinary Italian–Pakistani project. Cham, Switzerland: Springer, pp 87-99
L’impresa da latte del 2030 : valutazione dei driver
Roveda, Caludio, Vecchiato, Riccardo, Menghi, Alberto and De Roest, Keis (2013). In: C.R.P.A. S.p.A., (ed.), Quale Futuro per i produttori di latte in Italia?. Italy: Maggioli Editore, pp 57-84
Scoprire gli scenari futuri : il foresight
Roveda, Claudio, Riva, Marco and Vecchiato, Riccardo (2013). In: C.R.P.A. S.p.A, (ed.), Quale Futuro per i produttori di latte in Italia?. Italy: Maggioli Editore, pp 11-12
Dinamiche evolutive degli studi e delle metodologie di technology foresight [=Evolutionary dynamics of technology foresight studies and methodologies]
Roveda, Claudio and Vecchiato, Riccardo (2005). In: Fondazione, Rosselli, (ed.), Le priorità nazionali della ricerca industriale : secondo rapporto” [=National priorities in industrial research, II report]. Milan, Italy: Guerini e Associati, pp 459-474
Foesight tecnologico : le prospettive dell'ambient intelligence
Roveda, Claudio and Vecchiato, Riccardo (2005). In: Fondazione, Rosselli, (ed.), L’industria della comunicazione in Italia : Ottavo rapporto IEM. Milan, Italy: Guerini e Associati, pp 315-348
Unveiling trends and transformations in entrepreneurial finance research
Bhimireddy, Nishanth, Pierrakis, Yannis and Vecchiato, Riccardo(2024). In: London Text Analysis Conference 2024, 12-13 Sep 2024 :London, U.K.
Uncovering themes in ICO-related tweets using BERTopic : an exploratory analysis
Bhimireddy, Nishanth, Pierrakis, Yannis and Vecchiato, Riccardo(2023). In: London Text Analysis Conference 2023, 07-08 Sept 2023 :London, U.K.
Knowledge transfer and value distribution from project organizations to local authorities. Investigating transactional cross-sector relationships in megaprojects
Di Maddaloni, Francesco, Mosca, Luigi, Castro, Armando, Glass, Jacqueline and Vecchiato, Riccardo(2023). In: 39th EGOS Colloquium : Organizing for the good life : between legacy and imagination, 06-08 Jul 2023 :Cagliari, Italy
ICOs : how to measure success of an ICO
Bhimireddy, Nishanth Sai Reddy, Pierrakis, Y. and Vecchiato, R.(2023). In: Economics of Financial Technology Conference 2023, 21-23 Jun 2023 :Edinburgh, U.K.
Can Twitter sentiments predict success of initial coin offerings?
Bhimireddy, Nishanth, Pierrakis, Yannis and Vecchiato, Riccardo(2022). In: Paper development workshop (PDW) for PhD students and early career researchers, 25 Nov 2022 :Held online
Technology foresight in SMEs : insights from the case of UK digital health small firms
Vecchiato, Riccardo, Do, Hang, Pierrakis, Yannis and Blackburn, Robert(2022). In: European Academy of Management (EURAM) Annual Conference 2022 : Leading Digital Transformation, 15-17 June 2022 :Winterthur/Zurich, Switzerland
Technology foresight of UK SMES : opportunities and challenges for growth and productivity
Do, Hang, Vecchiato, Riccardo, Blackburn, Robert and Pierrakis, Yannis(2020). In: RENT XXXIV : Entrepreneurship in the digital era, 18-20 Nov 2020 :Naples, Italy (Held online)
Technology foresight for growth and productivity : case study of UK digital health SMEs
Vecchiato, Riccardo, Do, Hang, Blackburn, Robert and Pierrakis, Yannis(2019). In: Institute for Small Business and Entrepreneurship (ISBE) 2019 : SPACE – exploring new frontiers and entrepreneurial places, 14-15 Nov 2019 :Newcastle, U.K.
Embedding real options in scenario planning : a new methodological approach
Favato, Giampiero and Vecchiato, Riccardo(2015). In: Scenario 2015 : Improving Scenario Methodology : Theory and Practice, 14 - 15 Dec 2015 :Coventry, U.K.
Predictive actions, learning, and strategic agility : evidence from mobile communication
Vecchiato, Riccardo(2012). In: 32nd Strategic Management Society (SMS) Annual International Conference : Strategy in Transition, 06 - 09 Oct 2012 :Prague, Czech Republic
Predictive strategies, learning and performance in uncertain environments
Vecchiato, Riccardo(2012). In: 2012 Academy of Management Annual Meeting: The Informal Economy, 03 - 07 Aug 2012 :Boston, U.S.
Customer needs, managerial cognition, and the decline of leading firms
Vecchiato, Riccardo(2011). In: 31st Strategic Management Society (SMS) Annual International Conference: Strategies for a Multi-Polar World: National Institutions And Global Competition, 06 -09 Nov 2011 :Miami, U.S.
What to do next? Planning, learning, and performance in uncertain environments
Vecchiato, Riccardo(2011). In: 31st Strategic Management Society (SMS) Annual International Conference: Strategies for a Multi-Polar World: National Institutions And Global Competition, 06 -09 Nov 2011 :Miami, U.S.
Customer needs, disruptive technologies, and the decline of incumbents
Vecchiato, Riccardo(2011). In: 2011 Academy of Management (AOM) Annual Meeting: West Meets East: Enlightening, Balancing, and Transcending, 12 - 16 Aug 2011 :San Antonio, U.S.
Uncertainty, foresight, and strategic decision making : evidence from leading companies
Vecchiato, Riccardo and Roveda, Claudio(2011). In: 4th International Seville Conference on Future-Oriented Technology Analysis (FTA): FTA for structural and systemic transformations in response to grand societal challenges: integrating insights, transforming institutions and shaping innovation systems, 12 - 13 May 2011 :Seville, Spain
Foresight, dynamic capabilities, and the sustainability of competitive advantage
Vecchiato, Riccardo(2010). In: 30th Strategic Management Society (SMS) Annual International Conference: Strategic Management at the Crossroads, 12 - 15 Sep 2010 :Rome, Italy
Disruptive technologies, business model innovation and the decline of leading firms
Vecchiato, Riccardo(2010). In: Strategic Management Society (SMS) Special Conference 2010: Intersections of Strategy Processes and Strategy Practices, 17 - 20 Mar 2010 :Lapland, Finland
Environmental uncertainty, foresight and strategy formulation: an integrated theory
Vecchiato, Riccardo and Roveda, Claudio(2009). In: 29th Strategic Management Society (SMS) Annual International Conference: Strategies in an Uncertain World, 11 -14 Oct 2009 :Washington D.C., U.S.
Experimentation of trans-regional foresight: the case of the ForTransRis project
Roveda, Claudio and Vecchiato, Riccardo(2009). In: Triple Helix V11 International Conference : The role of Triple Helix in the Global Agenda of Innovation, Competitiveness and Sustainability, 17 - 19 June 2009 :Glasgow, U.K.
Strategic foresight and knowledge management
Vecchiato, Riccardo and Roveda, Claudio(2008). In: 28th Strategic Management Society (SMS) Annual International Conference : How does knowledge matter?, 12 - 15 Oct 2008 :Cologne, Germany
Foresight in multinational corporations
Vecchiato, Riccardo and Roveda, Claudio(2008). In: Academy of International Business (AIB) 2008 Annual Meeting : Knowledge Development and Exchange in International Business Networks, 30 Jun - 03 Jul 2008 :Milan, Italy
Strategic foresight: investigating market and non-market drivers of change in corporate organizations
Vecchiato, Riccardo and Roveda, Claudio(2007). In: 27th Strategic Management Society (SMS) Annual International Conference : The Challenges of Non-Market Influences on Market Strategies, 14 - 17 Oct 2007 :San Diego, U.S.
Strategic management of industrial change: governing disruptive trends
Vecchiato, Riccardo and Roveda, Claudio(2007). In: 27th Strategic Management Society (SMS) Annual International Conference : The Challenges of Non-Market Influences on Market Strategies, 14 - 17 Oct 2007 :San Diego, U.S.
Foresight in corporate organizations
Vecchiato, Riccardo and Roveda, Claudio(2006). In: 2nd International Seville Seminar on Future-Oriented Technology Analysis (FTA) : Impact of FTA approaches on policy and decision-making, 28 - 29 Sep 2006 :Seville, Spain
Foresight in the context of industrial clusters : the case of Italian districts
Roveda, Claudio and Vecchiato, Riccardo(2006). In: 2nd International Seville Seminar on Future-Oriented Technology Analysis (FTA) : Impact of FTA approaches on policy and decision-making, 28 - 29 Sep 2006 :Seville, Spain
European challenges – foresight and policy making
Roveda, C., Vecchiato, R. and Viale, R.(2006). In: VII Bled Forum on Europe : Foresight Conference on Global, European and Regional Governance, 03 - 04 Mar 2006 :Bled, Slovenia
Foresight in the light of the triple helix model : evidence from the Italian experience
Roveda, Claudio, Moncalvo, Dario, Ughetto, Elisa and Vecchiato, Riccardo(2005). In: Triple Helix V International Conference : Capitalization of knowledge and its cognitive, economic, social and cultural aspects, 18 - 21 May 2005 :Turin, Italy
The RISE project: new methodologies for regional foresight
Roveda, C., Vecchiato, R., Verganti, R. and Landoni, P.(2004). In: 1st International Seville Seminar on Future-Oriented Technology Analysis (FTA) : new horizons and challenges for future–oriented technology analysis, 13 -14 May 2004 :Seville, Spain