Leading in the VUCA World
The VUCA world In 2020s, there are no hard and fast rules for managing businesses any more — as the world has gone “VUCA” — volatile, uncertain, complex and ambiguous. In VUCA world the hierarchical organization model is finished and new models are emerging but there is no one dominant model that works for everyone. New times call for new rules but there is no thumb rule for every industry and every situation. Out of the five most valuable companies in the world in 2009, only Microsoft still retains a place in the list. In the VUCA world, competency comes with an expiry date, and it is as true for organizations as it is for people. How VUCA impacts on Leadership? The technologies that are amplifying change are also the tools to manage it more effectively. In Deloitte’s “ 2019 Global Human Capital Trends ” survey, 80 percent of respondents agreed that the 21st century has imposed new requirements on business leaders. It is due to various elements of our connected and digital lives...