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Adaptation of the scenario planning process and its integration into risk management. Case study of Curium Pharma.

Descy, Maxime
(2021)

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Details

Supervisors
Decaux, Loïc
Faculty
Louvain School of Management
Degree label
Master [120] : ingénieur de gestion, à finalité spécialisée
Abstract
In the midst of an increasingly complex environment with growing uncertainty, managers must make important decisions for the future of their company - and they cannot wait. The strategic planning method called "scenario planning" is a useful tool for decision-making under uncertainty. However, its use generally faces two major barriers; a lack of use of scenarios in strategic definition, and a difficulty to translate scenarios into actions execution. A case study illustrates the integration of scenario planning into the risk management process. This facilitates the use of scenarios and avoids some of the problems mentioned above – even if it sometimes brings others. This paper makes two main contributions; first, a new scenario planning model that avoids these problems, and secondly, a variation of the risk management process that integrates my revised scenario planning model.

Citations

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Descy, M. (2021). Adaptation of the scenario planning process and its integration into risk management. Case study of Curium Pharma. https://dial-mem.test.bib.ucl.ac.be/handle/2078.2/25404