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The VUCA nature of the business world makes it difficult for companies to compete and survive for long. Strategic plans that plan 5 and 10 years ahead are no longer an essential component of business growth. Strategic plans are too static for the dynamic nature of the business today.

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Published by cis.kimhill, 2021-01-07 00:54:31

Secret Ingredient To Deal With VUCA

The VUCA nature of the business world makes it difficult for companies to compete and survive for long. Strategic plans that plan 5 and 10 years ahead are no longer an essential component of business growth. Strategic plans are too static for the dynamic nature of the business today.

Keywords: LIFO Method, Life Orientation Skills, Building on strength, Life Orientation Teacher, Life Orientation Instructor

LIFE ORIENTATIONS

SECRET

INGREDIENT

To Deal With VUCA

CONTACT US:

Business Consultants, Inc
Sapia Tower, 1-7-12 Marunouchi,

CHIYODA-KU, TOKYO

To Become A Practitioner, Visit -
https://lifo.bconglobal.com/

THINK AGILE

“It isn’t the biggest fish eating the smaller fish anymore, but the fastest
fish that wins."- Klaus Schwab, Founder and executive chairman of the
World Economic Forum

The VUCA nature of the business world makes it difficult for companies
to compete and survive for long. Strategic plans that plan 5 and 10 years
ahead are no longer an essential component of business growth.
Strategic plans are too static for the dynamic nature of the business
today. Therefore, the secret ingredient to survival is to build an “agile
mindset”, which is characterized by the ability to remain flexible and
adaptive to change.

Agile was developed by software teams who worked in a flexible
environment where change was the norm. They usually work in small
teams and over short “sprints” to adapt to those changes more
effectively.

Several definitions have been proposed to define Agility. Some prefer to
look at Agility as a methodology. Agility is best known for its manifesto
(primarily for software development) where solutions evolve through an
iterative, collaborative process. Generally speaking, it is founded on the
principles of adaptive planning, evolutionary development, and early (and
often) delivery with the end-user in mind. Agility may also be defined as a
system of methods used in a particular area of study. This is the
definition usually adopted in textbooks. Most important, agile is suitable
only for continual development- type projects where the target is moving,
priorities are constantly changing and high functioning collaborative
teams are in charge.

A SIMPLE GAME OF CHANGE!

If you are a manager, gather your team and divide them into two equal
groups. Give each team the same number of Lego bricks and ask them to
build a certain shape in 25 minutes. By the end of the first 15 minutes
change instructions and ask the team to build a different shape,
highlighting that you passed the wrong instructions the first time. Now
see how each individual reacts to the change and how fast they can
adapt and reach results! Try to reflect this activity on the Kubler Ross
curve.
For more about this topic, download our latest book "Reality of the World
Today" for FREE.

Source: https://lifo.bconglobal.com/resources/secret-ingredient-to-deal-with-vuca-1


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