This paper attempts to identify and evaluate certain critical pitfalls in the planning stage of ERP adoption in Small and Medium Enterprises (SMEs) and develop into a model for evaluating the risk of failure. In the planning stage a set of risks have been identified based on past research work...

The front end of innovation has earned the adjective ‘fuzzy,' particularly as it is considered unstructured, non-linear, and highly iterative (Khurana and Rosenthal 1998; Koen et al. 2001; Verworn et al. 2008). But this should not be misunderstood as a need to rely on hope or chance encounters to...

Many service industries use revenue management to balance demand and capacity. The assumption of risk-neutrality lies at the heart of the classical approaches, which aim at maximizing expected revenue. In this paper, we give a comprehensive overview of the existing approaches, most of which were...

The results of this study indicate that companies have built strong capabilities for collecting information. However, their ability to interpret information, disseminate gained insights and trigger management reactions leaves room for improvement: Only 23% of the participants state that SF...

Strategic Foresight activities enable companies to use weak signals to identify opportunities and threats. Research on Strategic Foresight proposes different methods, discusses their implementation and gives recommendations on how to link Strategic Foresight with other functions in an...

Multinational companies are increasingly exploring new methods and tools to identify disruptions in the environment and are using this information for competitive advantage. The European Conference on Strategic Foresight is a forum of professionals for benchmarking and advancing Strategic...

This paper features the application of a novel and recently developed method of statistical and mathematical analysis to the assessment of financial risk: namely Regular Vine copulas. Dependence modeling using copulas is a popular tool in financial applications, but is usually applied to pairs...

This paper features an application of Regular Vine copulas which are a novel and recently developed statistical and mathematical tool which can be applied in the assessment of composite financial risk. Copula-based dependence modelling is a popular tool in financial applications, but is usually...

Wilfried Despagne describes a Web-based forecasting support system, “Horizons,” that was designed for a French subsidiary of a European temperature-controlled-transport group. The major challenge was the adaptation of the system to more than 70 different transportation hubs, requiring a...