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What is VUCA Environment

Handbook of Research on Organizational Sustainability in Turbulent Economies
Is the acronym of a volatile, uncertain, complex, and ambiguous environment that surrounds today’s business world. It describes the situation of a recent managerial term that summarizes the situation in which businesses surfing today and that sets an alert to be in an awareness and solving behavior.
Published in Chapter:
Cultural and Creative Industries in a VUCA World: Learnings Between Business, Economics, and Arts
Claudia Jimena Peña Bennett (Independent Researcher, Colombia)
DOI: 10.4018/978-1-7998-9301-1.ch013
Abstract
Through business economics, it is possible to analyze the volatile, uncertain, complex, and ambiguous situations surrounding an organization to propose managerial solutions that combat risks and uncertainty. Without a doubt, the answers are already there for decision-making in this type of environment, whereby this chapter adds a proposal for managers to consider facing those situations by reviewing recommendations derived from a creative state of mind. By observing learnings from the artistic world, there´s an option to enrich methodologies for enlisting probabilities, solving a problem, and detecting possible benefits within a misty path. Implementing arts interventions as part of a strategic core program process are enriched with utopians that solve issues with unexpected results.
Full Text Chapter Download: US $37.50 Add to Cart
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Pursuing Business Longevity: Ways to Enhance Sustainable Development
Situation that happens when external elements are characterized by the confluence of changes that are fast, unpredictable and complex at the same time.
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Teaching Circular Economy and Lean Management in a Learning Factory
VUCA is an acronym, first used in 1987 by the U.S. Army War College to describe the more volatile, uncertain, complex, and ambiguous world that has emerged since the end of the Cold War. This concept has been extended to business and education as a result of the evolution of technology and the continuous changes in which we live.
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