Call us on 01206 752100

Park City
Compass Login Request A Callback HR Software Login

Compass Login

Request a Call Back

HR Software Login

Working in a VUCA Environment Part 3

It is inevitable that in our fast-paced, global, interlinking economy, we face constant challenges in the way that we do business.  We face changes in conditions, attitudes and influences and a shift in pressure and expectations clients put upon us, whilst at the same time trying to manage and balance the needs of our shareholders and employees.

But how do we best rise to these modern challenges? Well, by adapting and responding to working in a modern environment. A modern “VUCA” environment. VUCA you ask? Yes, VUCA.

A term first popularised by the US military in the 1990s, VUCA has steadily made its way into our modern business vocabulary over the last decade. It stands for:

V – Volatility

U – Uncertainty

C – Complexity

A - Ambiguity

For the next three months I will explain the definitions of VUCA.

Its usage applies principally to ideas of strategic leadership and how understanding the VUCA environment can have a positive impact on the business decisions we make. From decision making and forward planning to risk management and problem solving, no matter the size or nature of a business, we are all working in a VUCA environment.

Let’s delve a little deeper and look at what we mean by V, U, C and A.

This MonthComplexity

When we talk about complexity we mean both the number of factors involved and the way those factors interlink.

Brexit is an excellent example. The volatility and uncertainty it provides is compounded by its complexity. In a way it’s a bit like a great big Brexit family tree (with all the falling out included). At the top we start with Brexit - it impacts on exchange rates, imports and exports and freedom of movement to name a few. And each of these factors in turn has numerous sub-categories – interest rates, inflation, unemployment etc – which can then be further broken up into multiple-facets and so on and so forth. It’s when you get down to the great-great grandchildren on our family tree that we can really see the day-to-day impact on ourselves and our businesses with more clarity.

Everything within our volatile and uncertain environment stems from the complexity of the world we live in – both the real, concrete, “Mother Earth” stuff and the virtual intangible world of the global capital markets.

Back to News Listing

Have us contact you

Fill in your details below and one of our friendly experts will be in touch to discuss your requirements.

Please enter your name.
A valid email address is required.
A valid telephone number is required.
Park City Call Back

We will respond to your call back within 24 hours during business working hours

Please enter your name
Ask a question and get FREE advice

Juliet Price is the Managing Director here at Park City and has extensive, specialist knowledge in HR, Health & Safety and staff development. Enter your question below and we'll be back in touch soon with an answer!

Please enter your name
Please enter your telephone number
Please enter your question