unchanging values in the vuca world q2 Flashcards
“Everything con change in just a snap”
-
Vuca was first used by - and what year?
Warren Bennis (1987)
2 leaders of vuca
- Warren Bennis
- Burt Nanus
VUCA is an acronym that stands for?
V - Volatility
U - Uncertainty
C - Complexity
A - Ambiguity
the speed of change in an industru, market world in general. The quality of being subject to frequent, rapid and signiticant change.
“The more volatile the world is, the more faster things change.”
“Minimal change can trigger a greater change”
Volatility
the extent to which we can conticer predict the future. It occurs to when events and outomes are umpredictable. Peoples inability to understand whats going on. Uncertain environments dant allar any predictions.
” The more uncetain the word is,
the harder it is to predict.”
Uncertainty
the number of factors that we need to take into Docont, their variety relationships between them. The more fodbr, The greater The variety, and the more theyre interconnected, the more complex an environment Is.
Complexity
a lack of clarity about now to interpret something.
Incomplete information contradicting or too inaccurate to draw clear conclusions. Fuzziness and vagueness in ideas and terminology. Information may be missed or misinterpreted.
“The more ambiguous the world is, the harder it is to interpret.”
Ambiguity