VUCA stands for Volatility, Uncertainty, Complexity and Ambiguity.
It was developed by the US military and describes and explains the increasingly chaotic world that has developed after the end of the Second World War when the US military found itself in situations like the Korea and Vietnam wars that challenged the concepts of traditional warfare.
Since then, VUCA has become increasingly popular in the business world as a concept to understand and manage erratic market, political and economic conditions.
VUCA aims at understanding situations and the impact of the actions to take.
The four VUCA elements are grouped along these two dimension:
The following table describes each element from a business perspective:
Managing in a VUCA world requires
Important organizational VUCA capabilities include:
Related concepts: OODA, edge-execution
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