The impact of unforeseen crises—such as economic depressions, natural disasters, and black swan events (i.e. the recent COVID-19 pandemic—is immense. Crises can paralyze organizations and economies alike. These times are certainly anything but business as usual for almost all organizations. There are safety concerns everywhere. People have restricted movement, business activities slow down, and cash […]
Tag Archives | uncertainty
Contributed by Mark Bridges on January 7, 2023 in Corporate Finance, Management & Leadership
Is Your Organization Ready to Respond to VUCA (Volatile, Uncertain, Complex, Ambiguous) Threats?
Contributed by Mark Bridges on October 8, 2020 in Management & Leadership
VUCA relates to threats that people and enterprises often encounter. The acronym reflects the constant, dramatically-transforming, and unpredictable world. The concept originated in 1987, based on the theories of Warren Bennis and Burt Nanus. The term was first used by U.S. Army War College to describe the volatile, uncertain, complex, and ambiguous general conditions globally. […]