VUCA stands for Volatility, Uncertainty, Complexity and Ambiguity. This word best describes the present business environment better than any at the moment. In order to tailor the present corporate strategy against this backdrop, some solutions have been identified. First of all, the omnipresence of VUCA does not imply that everything is unpredictable. Rather, some aspects can clearly be demarcated. This includes urban concentrations, demographic shifts, technology advances and of course climate change. One needs to be curious at all times, to experiment, as only then will business innovations take shape. In spite of all the uncertainty that VUCA causes, teams must try to create islands of certainty within whatever bits they may be able to control.

Source:https://www.strategy-business.com/blog/Leading-in-an-Increasingly-VUCA-World?gko=73d76

Uploaded Date: 16th December 2019