Study Guide

Objective

Student is able to identify megatrends, trends and week signals in industry?s environment by ex-ploiting foresight methods. Student can describe change drivers and their role and importance in the strategic renewal. Student can evaluate the impact of the identified factors of change and transfor-mation processes and analyze the company's value creation and business logic model in a changing world. Student is able to identify new business opportunities. Student can act in the learning team and evaluate own and others? skills.

Content

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

Materials

-Hiltunen E. (2012 ). The guide to the future. Talentum, Helsinki.
- Vuorinen - Huikkola (2023). Strategiakirja.
-Material provided by the teacher

Evaluation scale

1-5

Assessment criteria, satisfactory (1)

Students participate in teaching passively, student does not participate in the debate
Student understands forecasting methods, but the use is not systematic in assessing the company's strategic direction
Student tries to use foresight information in developing strategic renewal plan, but the usage is lim-ited
Student tries to assess the impact of change drivers and change processes for the company's current business, but they remain superficial,
Student understands the significance of the feasibility of identifying new business opportunities, but the analysis is restricted
Student evaluates own learning outcomes restrictively

Assessment criteria, good (3)

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

Assessment criteria, excellent (5)

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