Business and investment planning
- Investment project fundamentals
- Business and investment planning in the forest industry
- Conceptual phase
- Pre-feasibility phase
- Feasibility phase
- Organisational learning in investment projects
Mitigating uncertainty with scenarios The level of uncertainty and risks varies and, thus, also mitigating actions and tools need to be selected based on the magnitude of unknown elements. Naturally, the level of uncertainty correlates somewhat e.g. with the time: the short-term development has less uncertainty compared with long-term events. In addition, the level of
Authors & references
Author:
Antti Lindqvist
References:
- Schoemaker, P.J.H. 2002. Profiting from Uncertainty: Strategies for Succeeding No Matter What the Future Brings. New York, The Free Press.
- Coyle, G. 2004. Practical Strategy – Structured Tools and Techniques. Harlow, Pearson Education Limited.
- Bradfield, R., Wright, G., Burt, G., Cairns, G., van der Heijden, K. 2005. The Origins and Evolution of Scenario Techniques in Long Range Business Planning. Futures, vol. 37, pp. 795–812.
- Schoemaker, P.J.H. 1991. When and How to Use Scenario Planning: A Heuristic Approach with Illustration. Journal of Forecasting, vol. 10, no. 6, pp. 549–564.
- Piirainen, K., Tuominen, M., Elfvengren, K., Kortelainen, S., Niemistö, V. 2007. Developing Support for Scenario Process: A Scenario Study on Lappeenranta University of Technology from 2006 to 2016. Research Report, no. 182, Lappeenranta University of Technology, Finland.
- Ralston, B., Wilson, I. 2006. The Scenario-Planning Handbook. Mason, Ohio, Thomson Higher Education
- Piirainen, K., Lindqvist, A. 2009. Enhancing Business and Technology Foresight with Electronically Mediated Scenario Process. Published in the Proceedings of Portland International Center for Management of Engineering and Technology PICMET’09 Conference, Portland, Oregon, USA.
- Piirainen, K., Lindqvist, A. 2010. Enhancing Business and Technology Foresight with Electronically Mediated Scenario Process, Foresight, Vol. 12, No. 2, pp. 16–37.
Videos
Exercises
This page has been updated 15.10.2020