vuca world - manu melwin joy

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VUCA WORLD

Prepared By Manu Melwin Joy

Assistant ProfessorSCMS School of Technology and Management

Kerala, India.Phone – 9744551114

Mail – manu_melwinjoy@yahoo.com

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VUCA WORLD

• VUCA is an acronym used by the American Military to describe extreme conditions in Afghanistan and Iraq. It stands for Volatile, Uncertain, Complex and Ambiguous.

VUCA WORLD

• This terminology is resonating with an increasing number of CEOs as we try to make sense of the constantly changing challenges brought on by politics, economics, society and the environment.

VUCA WORLD

• We seem to be shifting from an approach based around problem solving and planning aimed at reducing uncertainty, to a world where progress is made by actively engaging with uncertainty, requiring higher levels of leadership agility.

VUCA WORLD

• V = Volatility. The nature and dynamics of change, and the nature and speed of change forces and change catalysts.

VUCA WORLD

• U = Uncertainty. The lack of predictability, the prospects for surprise, and the sense of awareness and understanding of issues and events.

VUCA WORLD

• C = Complexity. The multiplex of forces, the confounding of issues, no cause-and-effect chain and confusion that surround an organization.

VUCA WORLD

• A = Ambiguity. The haziness of reality, the potential for misreads, and the mixed meanings of conditions; cause-and-effect confusion.

VUCA WORLD• These elements present the

context in which organizations view their current and future state. They present boundaries for planning and policy management. They come together in ways that either confound decisions or sharpen the capacity to look ahead, plan ahead and move ahead. VUCA sets the stage for managing and leading.

VUCA WORLD• For most contemporary

organizations – business, the military, education, government and others – VUCA is a practical code for awareness and readiness. Beyond the simple acronym is a body of knowledge that deals with learning models for VUCA preparedness, anticipation, evolution and intervention

Success in VUCA WORLD

• Always retain a clear vision against which judgements can be made, with agility to flex and respond appropriately to rapidly unfolding situations.

Success in VUCA WORLD

• Provide clear direction and consistent messaging against a backdrop of continually shifting priorities, supported with the use of new virtual modes of communication where necessary.

Success in VUCA WORLD

• Anticipate risks but don’t invest too much time in long-term strategic plans. Don’t automatically rely on past solutions and instead place increased value on new, temporary solutions, in response to such an unpredictable climate.

Success in VUCA WORLD

• Think big picture. Make decisions based as much on intuition as analysis.

Success in VUCA WORLD• Capitalise on complexity. If

your talent management strategy is working, then you should be confident that you have the right people in the right place. This will enable you to rapidly break down any challenge into bite size pieces and trust in the specialist expertise and judgement of those around you.

Success in VUCA WORLD

• Be curious. Uncertain times bring opportunities for bold moves. Seize the chance to innovate.

Success in VUCA WORLD

• Encourage networks rather than hierarchies – as we reach new levels of interconnection and interdependency collaboration yields more than competition.

Success in VUCA WORLD

• Leverage diversity – as our networks of stakeholders increase in complexity and size, be sure to draw on the multiple points of view and experience they offer. Doing so will help you expect the unexpected.

Success in VUCA WORLD

• Never lose focus on employee engagement. Provide strategic direction, whilst allowing people the freedom they need to innovate new processes, products and services.

Success in VUCA WORLD

• Get used to being uncomfortable. Resist the temptation to cling on to outdated, inadequate processes and behaviours. Take leaps of faith and enjoy the adventure.

Success in VUCA WORLD

• Get used to being uncomfortable. Resist the temptation to cling on to outdated, inadequate processes and behaviours. Take leaps of faith and enjoy the adventure.