The value of future opportunities: comparison of information technology firms and forest companies

There are several alternatives for valuing the future opportunities of firms. The traditional appraisal methods for single projects such as net present value, internalrate of return and payback rules have been criticized in recent years. It has been said that they do not take into account all growth opportunities of firms. At the company level, business valuation is traditionally based on financial and market information. Yield estimates, net worth values and market values of shares are commonly used. Naturally, all valuation methods have their own strengths and shortcomings. In the background of most estimation rules there is the idea that the future of the firms is quite clear and predictable. However, in recent times the business environment of most companies has changed to a more unpredictable direction and the effects of uncertainty have increased. There has been a growing interest in estimating the risks and values of future possibilities. The aim of the current paper is to describe the difference between the value of futureopportunities in information technology firms and forest companies, and also toanalyse the backgrounds for the observed gap.

The Present State and Future Prospects of a Manpower Pool as Part of Project Business

This research focused on operation of a manpower pool within a service business unit in Company X and aimed to identify how the operation should be improved in order to get most out of it concerning the future prospects of the service business unit. This was done by analyzing the current state of the manpower pool related operations in means of project business, project management and business models. The objective was to deepen the understanding and to highlight possible areas of improvement. The research was conducted as a qualitative single-case study utilizing also an action research method; the research approach was a combination of conceptual, action-oriented and constructive approaches. The primary data was collected with executing a comprehensive literature review and semi-structured theme interviews. The main results described how the manpower pool operates as part of the service business unit in project business by participating in different types of delivery projects; process flows for the project types were mapped. Project management was analyzed especially from the resource management point of view, and an Excel-based skills analysis model was constructed for this purpose. Utilization of operational business models was also studied to define strategic direction for development activities. The results were benchmarked against two competitors in order to specify lessons to be learnt from their use of operational business models.

Lastenkulttuuripoliittisesta ohjelmasta tilanvuokraustoimintaan : lastenkulttuuritarjonnan muodostuminen Helsingin alueellisissa kulttuurikeskuksissa

Then aim of this thesis is to investigate children's culture in the regional cultural centres of Helsinki, namely Stoa, Malmitalo and Kanneltalo. The main objective was to identify how the center's repertoire for children forms. Moreover, a further research question was how different fields of art as well as proposals for action defined by the Children's Culture Programme, are portrayed in the repertoire of the regional cultural centres. The Ministry of Education's missions are to plan cultural and artistic policies, to support the industry financially, and to prepare cultural legislation. The Ministry promotes children's culture with a variety of programs and projects. The basis of the thesis is formed by the Finnish Ministry of Education's Children's Culture Programme, published in 2003. The goal of the programme is to give direction to the promotion of children's culture from 2003 to 2007. The programme presented proposals for action in different fields of art that are directed towards a broad range of implementors. In addition, in the theoretical section the focus is on the research of the Ministry of Education, the Art Council of Finland and the Municipalities. The research investigates the roles in children's culture as well as the activities of regional cultural centers. The qualitative analysis has been conducted by interviewing the employees of these regional cultural centers. The factors that affect and hinder the composition of the children's programme's repertoire are analysed based on the results of the interviews. The factors that affect the composition are the supply, the facilities and the possibilities provided by cooperation. The results section examines how the Children's Cultural Programme presents different fields of art. What is also taken into account is focal points connected to them, the proposals for action when building the repertoire. The results of the interviews indicate that the repertoire of the regional cultural centres is very diverse and it often meets the propositions of the children's cultural programme. However, the contents of the program were unknown for many. Various fields of art have been catered for in the children's repertoire and the supply is of good quality. The City of Helsinki Cultural Office's upcoming change in the administration was also mentioned, as the interviewees contemplated its future effects.

Changes in the thermal growing season in Nordic countries during the past century and prospects for the future

Selostus: Termisen kasvukauden muutokset Pohjoismaissa viimeisen vuosisadan aikana ja tulevaisuudessa

Modelling growth and nitrogen balance of barley under ambient and future conditions

Selostus: Ohran kasvun ja typpidynamiikan mallintaminen nykyisissä ja tulevaisuuden olosuhteissa