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Harvard business review· 2014Q3

What VUCA really means for you

Nathan Bennett, G. James Lemoine

Short summary

Managers must recognize and respond to the distinct challenges posed by volatility, uncertainty, complexity, and ambiguity (VUCA) to navigate business situations effectively.

AI-generated from the title and abstract; the full text is not read.

Key points

  • VUCA stands for Volatility, Uncertainty, Complexity, and Ambiguity.
  • Each element of VUCA presents distinct challenges for management.
  • Effective management requires recognizing and responding differently to each VUCA component.
  • The article provides examples of business situations and corresponding responses for each VUCA condition.

AI-generated from the title and abstract; the full text is not read.

Abstract

The article considers the management jargon acronym VUCA (volatility, uncertainty, complexity and ambiguity. The need for managers to recognize and respond to the different circumstances posed by each of the four situations within the acronym is discussed. Examples are presented of business situations and responses to them for each of the four conditions

The authors' abstract, as published at the source. Harvard business review, 2014 · DOI ↗

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Field: Development

DevelopmentSocial Sciences