Exploring a VUCA environment and how it impacts a company

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VUCA is a tool used to analyse fast-changing scenarios and decide what should be done to adapt to them. FMTNews FMTLifestyle

It is usually applied to assess complex environments where tasks may vary and change as fast as the environment around them.

This can be portrayed in different contexts, regardless of the field: services, industry, production and technology.Two of the most common ways to carry out a business strategy are bringing knowledge and predictability into play, two issues that are becoming increasingly difficult to achieve. In order to define these contexts, a matrix results in a four-option chart is used. According to the level of predictability or knowledge about each situation, there will be a different type of specific scenario.Each scenario means a different approach strategy. For instance, if the scenario is volatile, a very clear vision about what needs to be done is needed, and the whole team has to share the management mission. What this means is trust: saying what will be done and doing it as agreed.

 

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