Innovation Scores High: HR Practices in Contemporary Industries to Battle the VUCA’S Burst
Journal Title: International Journal for Research in Applied Science and Engineering Technology (IJRASET) - Year 2017, Vol 5, Issue 5
Abstract
The VUCA concept which entails Volatility, Uncertainty, Complexity and Ambiguity gained relevance in the private sector with the onset of the financial crisis in 2008-2009, when companies and organizations all over the world suddenly found themselves facing turbulences in their business environments and in their business models. The transmission of the VUCA concept from the armed military environment to the engrossing field of business was clearly visible. The world is transitioning from a world of problems which demand elimination of uncertainty and solving the problem instantly to a world where dilemmas are a welcome and there is greater degree of patience and sense making. In current scenario the leaders are taking lessons from the military world to create paradigms for surviving in today’s turbulent business environment and where old styles of managing predictability are falling short. The effects of volatility, uncertainty, complexity, and ambiguity are felt strongly by the leaders all over in nearly every challenge they face and every major decision they make. Thus, the search is on for any new leadership anchors to grab onto. As of now these anchors are captured as the “antidotes” to VUCA and which is being called as “VUCA prime.” Uncertainty yields to “understanding,” the deliberate ability to stop, look, and listen. In uncertain situations, leaders need to take fresh perspectives and remain flexible with regard to solutions. Complexity is checkmated by “clarity” the deliberate effort to make sense of the chaos. In complex situations leaders need to make sure to collaborate with others and stop seeking permanent solutions Ambiguity is matched by “agility,” the ability of a leader to move quickly in applying solutions and communicate across people and organizations instantly. The ultimate keys of leading in a VUCA world include possessing the knowledge, mindfulness, and ability to create a vision and make sense of the world.
Authors and Affiliations
Dr. Alka Singh Bhatt
Keywords
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