Leading In VUCA World
We are living in a fast-paced, increasingly unstable and rapidly evolving world. In this dynamic business environment, volatility, cut-throat competition and stress are bound to happen. Winning by hook or crook has become a new normal. Due to increasing technical advancement, the world is simultaneously facing deteriorating environmental conditions, political disorder, destitution, and imbalance in the distribution of wealth. The present industrial revolution in the field of technology combined with material and biological systems diminished the lines between digital and material. The current business world and the world by and large are Volatile, Uncertain, Complex and Ambiguous, which, in short, is called the VUCA world. The acronym VUCA was coined by US Army War College in 1987 to portray the volatility, uncertainty, complexity and ambiguity of the world after the cold war. The world is constantly changing, where even small changes are becoming unpredictable. Circumstances unfu...