Articles
Five Tips for Scenario Thinking
Mikko Dufva
Strategic Foresight in Business Management
Tools for Creating Strategic and Competitive Advantage
Under conditions of constantly growing volatility and ambiguity, competitive advantage goes to those who best deduce the forces acting on their industry and who most capably adapt to profit from them.
The Strategic Foresight in Business Management program is a comprehensive introduction to the approaches and tools of strategic foresight.
Based on scientific approaches to foresight and scenario work, the program equips you with skills to create a vision for an organization and implement a continuous foresight-based strategy process.
During the program, you will learn to utilize the foresight tools in strategy work and create scenarios and act based on them. Learning is complemented by facilitated group work around business cases and real-world examples. Foresight tools are practiced one at a time, and as a result, you will be equipped with skills to create a vision for an organization and tools to build and implement a continuous foresight-based strategy process.
By attending this program, you will be able to:
- Apply analytical frameworks to decisions when variables are uncertain and long-range
- Learn critical analysis of the limits of the tools in interpreting the competitive environment
- Apply theoretical and practical experience using methods of strategic foresight, including the ability to select among the toolkit options
- Integrate the tools of strategic foresight into the rest of the business strategy, decision formation, and leadership decision-making process
- Turn strategic foresight perspectives into new initiatives, products, services, and business models
4.5 ECTS credits can be transferred from this program to the Aalto Executive MBA or Aalto MBA program.
Start
May 24, 2023
Fee:
Contact us
100% of the participants recommend the program
The Strategic Foresight in Business Management program truly provides a new way of looking at strategy work and teaches practical tools.
You will learn together with a group of professionals from esteemed organizations and the Aalto Executive MBA program.
After the program, you will be skilled in creating a vision for your organization and are equipped with tools to build and implement a continuous foresight-based strategy process.
Webinar Recording: Megatrends in Business and Work
In this webinar recording, Dr. Sami Itani, Professor of Practice at Aalto University School of Business, addresses the megatrends and current phenomena in business and work, and how they reflect management work in contemporary organizations.
Benefits
This program illustrates, with real-world examples, group work, and guest speakers, how to develop a foresight perspective to make better strategic decisions. Your organization’s strategy will become a continuous process instead of a static document by using foresight tools and scenarios.
Learn the foresight based way of doing strategy work in organizations
Gain new tools and methodologies for strategic foresight
Learn how to use scenario work and take actions based on it
Develop skills in using foresight approaches in decision-making
Improve competence to turn foresight into business initiatives
For
The Strategic Foresight in Business Management program is designed for senior executives and managers responsible for strategic decision-making and direction-setting in their company, business, or division.
It is also relevant for
- Leaders who need approaches and tools that help them understand industry change and future operating conditions and how to transfer these insights into creating winning strategies
- Management consultants or those with interest in strategic planning or business adaptation to market change
Contents and Schedule
The program incorporates interactive workshop-style lectures, group work, and guest speakers, blending analytical models with worked examples and real-world situations.
Based on theory, it is decidedly pragmatic in style and approach, selecting the best materials and solutions from both academic and business sources.
Modules
Instructors
Eeva Vilkkumaa
Eeva Vilkkumaa is an Assistant Professor of Management Science in the Department of Information and Service Economy at Aalto University.
Professor Vilkkumaa is an expert in modeling uncertainties and developing mathematical models to support decision making and resource allocation at companies and public organizations.
Antti-Jussi Tahvanainen
Dr. Antti-Jussi Tahvanainen is Team Leader in Corporate Foresight & Strategy at VTT; VP Ecosystem Strategy at Corymbus Asset Management Ltd, and the founder of Oraklon.
He worked several years as Manager of Innovation Policy at Finnish Forest Industries Federations.
Dr. Tahvanainen is an expert in assessing the competitiveness and investibility of emerging industries and analyzes the role of technology in economic renewal, and the capabilities of firms to capture value and determines the appropriate financial vehicles for their growth. He helps executives in generating co-creative foresight for their endeavors in user-driven innovation and business renewal.
At Stanford University, he has co-authored the Playbook for Strategic Foresight and Innovation, a set of practical ideation tools inspired by DARPA.
Dr. Tahvanainen wields a Ph.D. in Industrial Engineering and Management with a focus on International Strategy as well as an M.Sc. in Technology Management from Aalto University.
