VUCA is a military-turned-management buzzword describing the realities businesses face today: volatility, uncertainty, complexity, and ambiguity. The term was first used to describe conditions of war, and it has rightly been adopted by the business world where leaders today feel they are navigating through fog and dense forests as they attempt to lead their team through each mission.
Because of industry disruption, today’s leaders need to lead with a level of vigilance comparable to leading a country in peril. With technology’s effect on the speed of change, one new product can instantly render an existing product useless. Constant shifts in the market, influenced by anything from politics, terrorist attacks, to outbreaks and natural disasters can change anything in an instant.
The World Economic Forum refers to this present age as the Fourth Industrial Revolution.
The fourth industrial revolution is “disrupting almost every industry in every country. And the breadth and depth of these changes herald the transformation of entire systems of production, management, and governance.” says Klaus Schwab, Founder and Executive Chairman, World Economic Forum Geneva in this article.
“Emerging technology breakthroughs in fields such as artificial intelligence, robotics, the Internet of Things, autonomous vehicles, 3-D printing, nanotechnology, biotechnology, materials science, energy storage, and quantum computing are already shaping our our future."
As our future is being shaped by these VUCA forces, how should we design and shape and envision our organisation’s leadership development?
Our approach to Leadership Development challenges is to anchor it to Relational leadership comptency. Find out more about how to develop this competency.
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The pace of change today is accelerating, with greater and greater impact. The pace of change today is accelerating, with greater and greater impact.
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