Study Guide

Objective

With the help of forecasting research, the student can identify the development directions of the operating environment and the industry. The student can describe the change drivers of strategic renewal and their role and importance in strategic planning. The student can evaluate the effects of identified change factors and change processes on the company's business and analyze the company's value creation and earnings logic in a changing world. The student can identify new business opportunities and work in a learning group and evaluate his own and others' skills.

Content

-drivers for renewal
-strategic foresight
-strategic renewal tools: methods of foresight and strategic planning

Assessment criteria, satisfactory (1)

The student participates in the lesson passively and does not participate in the discussion.
The student understands forecasting methods when evaluating the direction of a company's strategic renewal, but the use and application is superficial.
The student narrowly uses forecasting information when developing a plan for strategic renewal.
The student superficially evaluates the effects of change drivers and change processes on the company's current business operations.
The student understands the importance of feasibility in identifying new business opportunities, but the analysis remains narrow.
The student evaluates his own learning narrowly.

Assessment criteria, good (3)

The student participates in classroom work quite actively and presents her own opinions occasionally.
The student will understand and be able to apply the forecasting methods when assessing the company's strategic renewal directions, but the application has not been systematic.
Students use foresight information in developing a strategic renewal plan.
The student can assess the impact of change drivers and change processes on the company's current business, but the evaluation is not systematic.
The student can identify some viable new business opportunities for the company.
Students can assess their own learning.

Assessment criteria, excellent (5)

The student is actively involved in teaching and presents her own analytical views on the issues discussed.
The student can apply forecasting methods systematically to assess a company's strategic renewal direction.
Students use foresight information versatile and widely in developing a strategic renewal plan.
The student can assess analytically the effects of the change drivers and the various processes of change in the company's current business area.
Students can identify viable new business opportunities profoundly.
Students can assess their own learning diversely.

Materials

-Hiltunen E. (2012). The guire to the future. Talentum, Helsinki.
-Material provided by the teacher