“…In new business development, the ongoing challenge is the missing data on future internal and external developments. As the challenge of new business development is poorly structured, there is no generic recommendation on methods and tools how to expand existing market and technology competencies towards new fields (Boutellier and Lö ffler, 2007). Specific recommendations are available for selected challenges, for example, portfolio decisions for new product development (Cooper et al, 2001), or for managing the high degree of subjectivity caused by high uncertainty (Repenning, 2001;Brown and Frame, 2004).…”