2. VUCA, what
does it really
mean
V =Volatility.
The nature and
dynamics of change,
and the nature and
speed of change
forces and change
catalysts.
U = Uncertainty.
The lack of
predictability, the
prospects for surprise,
and the sense of
awareness and
understanding of
issues and events.
C = Complexity.
The multiplex of
forces, the
confounding of issues,
no cause-and-effect
chain and confusion
that surround an
organization.
A = Ambiguity.
The haziness of
reality, the potential
for misreads, and the
mixed meanings of
conditions; cause-
and-effect
confusion.
6. Business
Agility:
Definitions
“Business agility refers to distinct qualities that allow
organisations to respond rapidly to changes in the internal and
external environment without losing momentum or vision.
Adaptability, flexibility and balance are three qualities essential to
long-term business agility” (HRZone)
“Business agility is the ability of a business system to rapidly
respond to change[1] by adapting its initial stable configuration.
In a business context, agility is the ability of an organization to
rapidly adapt to market and environmental changes in productive
and cost-effective ways” (Wikipedia)