Professor Riccardo Vecchiato
Faculties, departments and locations
- Faculty of Business and Social Sciences
- Department of Strategy, Marketing and Innovation
- Small Business Research Centre
- Kingston Business School
- Kingston Hill
Professor of Strategic Management
- Email:
- [email protected]
About
I am a Professor of Strategic Management at Kingston University.
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 Kingston 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 Kingston Business School, involving around 10 occurrences and 600 students in UK, Russia, and Germany.
Publications
Foresighting, imagining, and crafting desirable futures
2025, Research Technology Management (68), 6, Published
Future making :: foresighting, imagining, and crafting desirable futures
Dell’Era, Claudio, Magistretti, Stefano, Sakellariou, Evy, Vecchiato, Riccardo and Roden, Sinéad, 2025, Research Technology Management (68), 6pp 2-8, Published
Whether and when to invest in transportation projects: combining scenarios and real options to manage the uncertainty of costs and benefits
Favato, Giampiero, Vecchiato, Riccardo and Di Maddaloni, Francesco, 2024, IEEE Transactions on Engineering Management (71)pp 1023-1037, Published
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, E-pub ahead of print
Foresight, sensemaking, and new product development: constructing meanings for the future
Sakellariou, Evy and Vecchiato, Riccardo, 2022, Technological Forecasting and Social Change (184), Published
Roadmapping for innovation management: evidence from Pirelli
Amati, Guido, Motta, Virna and Vecchiato, Riccardo, 2020, R&D Management (50), 4pp 462-477, Published
Analogical reasoning, cognition, and the response to technological change: lessons from mobile communication
Vecchiato, Riccardo, 2020, Research Policy (49), 5, Published
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, Futures & Foresight Science (2), 1, Published
Scenario planning, cognition, and strategic investment decisions in a turbulent environment
Vecchiato, Riccardo, 2019, Long Range Planning (52), 5, Published
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, Published
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), 20pp 2622-2632, Published
Disruptive innovation, managerial cognition, and technology competition outcomes
Vecchiato, Riccardo, 2017, Technological Forecasting and Social Change (116)pp 116-128, Published
Ecological validity of cost-effectiveness models of universal HPV vaccination: a protocol for a systematic review
Vecchiato, Riccardo, Favato, Giampiero and Noikokyris, Emmanouil, 2017, Systematic Reviews (6), 17, Published
Creating value through foresight: first mover advantages and strategic agility
Vecchiato, Riccardo, 2015, Technological Forecasting and Social Change (101)pp 25-36, Published
Strategic planning and organizational flexibility in turbulent environments
Vecchiato, Riccardo, 2015, Foresight (17), 3pp 257-273, Published
Foresight for public procurement and regional innovation policy: the case of Lombardy
Vecchiato, Riccardo and Roveda, Claudio, 2014, Research Policy (43), 2pp 438-450, Published
Environmental uncertainty, foresight and strategic decision making: an integrated study.
Vecchiato, Riccardo, 2012, Technological Forecasting and Social Change (79), 3pp 436-447, Published
Strategic foresight: matching environmental uncertainty
Vecchiato, Riccardo, 2012, Energy and Buildings (24), 8pp 783-796, Published
Strategic foresight and environmental uncertainty: a research agenda
Vecchiato, Riccardo, 2012, Foresight (14), 5pp 387-400, Published
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), 4pp 251-270, Published
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), 9pp 1527-1539, Published
Foresight in corporate organizations
Vecchiato, Riccardo and Roveda, Claudio, 2010, Technology Analysis and Strategic Management (22), 1pp 99-112, Published
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), 1pp 5-24, Published
Foresight and innovation in the context of industrial clusters: the case of some Italian districts
Roveda, Claudio and Vecchiato, Riccardo, 2008, Human Factors (75), 6pp 817-833, Published
A new methodology for regional foresight
Roveda, C., Vecchiato, R., Verganti, R. and Landoni, P., 2007, International Journal of Foresight and Innovation Policy (3), 2pp 218-234, Published
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), 3/4pp 318-324, Published
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: [Published]
L'internazionalizzazione delle PMI nell'area milanese [=The internationalization of the SMEs of Milan]
Roveda, Claudio and Vecchiato, Riccardo (2005). Milan, Italy: [Published]
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, Bignami, Daniele Fabrizio, (eds.), Cham, Switzerland: Springerpp 87-99 [Published]
L'impresa da latte del 2030: valutazione dei driver
Roveda, Caludio, Vecchiato, Riccardo, Menghi, Alberto and De Roest, Keis (2013). Italy:pp 57-84 [Published]
Scoprire gli scenari futuri: il foresight
Roveda, Claudio, Riva, Marco and Vecchiato, Riccardo (2013). Italy:pp 11-12 [Published]
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, (eds.), Milan, Italy:pp 459-474 [Published]
Foesight tecnologico: le prospettive dell'ambient intelligence
Roveda, Claudio and Vecchiato, Riccardo (2005). In: Fondazione, Rosselli, (eds.), Milan, Italy:pp 315-348 [Published]
Unveiling trends and transformations in entrepreneurial finance research
Vecchiato, Riccardo, Bhimireddy, Nishanth and Pierrakis, Yannis(2024). [Published]
Uncovering themes in ICO-related tweets using BERTopic: an exploratory analysis
Bhimireddy, Nishanth, Pierrakis, Yannis and Vecchiato, Riccardo(2023). [Published]
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). [Published]
ICOs: how to measure success of an ICO
Bhimireddy, Nishanth Sai Reddy, Pierrakis, Y. and Vecchiato, R.(2023). [Published]
Can Twitter sentiments predict success of initial coin offerings?
Bhimireddy, Nishanth, Pierrakis, Yannis and Vecchiato, Riccardo(2022). [Published]
Foresight, sensemaking, and new product development: constructing meanings for the future
Sakellariou, Evdokia and Vecchiato, Riccardo(2022). [Published]
Technology foresight in SMEs: insights from the case of UK digital health small firms
Vecchiato, Riccardo, Do, Hang, Pierrakis, Yannis and Blackburn, Robert(2022). [Published]
Technology foresight of UK SMES: opportunities and challenges for growth and productivity
Do, Hang, Vecchiato, Riccardo, Blackburn, Robert and Pierrakis, Yannis(2020). [Published]
Technology foresight for growth and productivity: case study of UK digital health SMEs
Vecchiato, Riccardo, Do, Hang, Blackburn, Robert and Pierrakis, Yannis(2019). [Published]
Embedding real options in scenario planning: a new methodological approach
Favato, Giampiero and Vecchiato, Riccardo(2015). [Published]
Predictive actions, learning, and strategic agility: evidence from mobile communication
Vecchiato, Riccardo(2012). [Published]
Predictive strategies, learning and performance in uncertain environments
Vecchiato, Riccardo(2012). [Published]
Customer needs, managerial cognition, and the decline of leading firms
Vecchiato, Riccardo(2011). [Published]
What to do next? Planning, learning, and performance in uncertain environments
Vecchiato, Riccardo(2011). [Published]
Customer needs, disruptive technologies, and the decline of incumbents
Vecchiato, Riccardo(2011). [Published]
Uncertainty, foresight, and strategic decision making: evidence from leading companies
Vecchiato, Riccardo and Roveda, Claudio(2011). [Published]
Foresight, dynamic capabilities, and the sustainability of competitive advantage
Vecchiato, Riccardo(2010). [Published]
Disruptive technologies, business model innovation and the decline of leading firms
Vecchiato, Riccardo(2010). [Published]
Environmental uncertainty, foresight and strategy formulation: an integrated theory
Vecchiato, Riccardo and Roveda, Claudio(2009). [Published]
Experimentation of trans-regional foresight: the case of the ForTransRis project
Roveda, Claudio and Vecchiato, Riccardo(2009). [Published]
Strategic foresight and knowledge management
Vecchiato, Riccardo and Roveda, Claudio(2008). [Published]
Foresight in multinational corporations
Vecchiato, Riccardo and Roveda, Claudio(2008). [Published]
Strategic foresight: investigating market and non-market drivers of change in corporate organizations
Vecchiato, Riccardo and Roveda, Claudio(2007). [Published]
Strategic management of industrial change: governing disruptive trends
Vecchiato, Riccardo and Roveda, Claudio(2007). [Published]
Foresight in corporate organizations
Vecchiato, Riccardo and Roveda, Claudio(2006). [Published]
Foresight in the context of industrial clusters: the case of Italian districts
Roveda, Claudio and Vecchiato, Riccardo(2006). [Published]
European challenges - foresight and policy making
Roveda, C., Vecchiato, R. and Viale, R.(2006). [Published]
Foresight in the light of the triple helix model: evidence from the Italian experience
Roveda, Claudio, Moncalvo, Dario, Ughetto, Elisa and Vecchiato, Riccardo(2005). [Published]
The RISE project: new methodologies for regional foresight
Roveda, C., Vecchiato, R., Verganti, R. and Landoni, P.(2004). [Published]