VUCA explained

What is VUCA? One of the most widely used business strategy acronyms, in sentences like “We operate in a VUCA environment” and “It’s a VUCA world out there”. Where does this VUCA acronym come from? What does VUCA mean? What is the impact of VUCA on leadership and strategy?
⏱️TIMESTAMPS⏱️
00:00 Introduction to VUCA
00:21 Origin of VUCA
01:55 Meaning of VUCA
02:45 VUCA example
05:14 How to live in a VUCA world
05:46 Leadership and strategy in a VUCA world
So what does the acronym #VUCA stand for? V U C A. Volatile. Uncertain. Complex. Ambiguous. Some people think VUCA is only used to describe “dark clouds on the horizon” scenarios, but it is far broader than that. It can be “positive” as well as “negative”.
The meaning of VUCA becomes a lot clearer if you contrast it with its opposites. Volatile versus stable. Uncertain versus predictable and certain. Complex versus simple and linear. Ambiguous versus clear. Some situations in life are on the VUCA side, others are on the non-VUCA side. The tragedy is to mistake one for the other!
Philip de Vroe (The Finance Storyteller) aims to make strategy, finance and leadership enjoyable and easier to understand. Learn the business vocabulary to join the conversation with your CEO at your company. Understand how financial statements work in order to make better stock market investment decisions. Philip delivers training in various formats: UA-cam videos, classroom sessions, webinars, and business simulations. Connect with me through Linked In!

[@TheFinanceStoryteller]

Where did you come across the term "VUCA"? How was it used? Let me know by commenting below!

[@genl5641]

I heard the word VUCA yesterday in a meeting and was wondering its meaning. Thank you for your explanation it's very clear. I'm going to use this strategy for my own projects. 🙂

[@TheFinanceStoryteller]

You're welcome! It is very much a VUCA world out there! :-)

[@introvertedsociety5299]

I had this in a lecture and it felt very vague and long, this is straight to the point, great!

[@TheFinanceStoryteller]

Thank you for your kind words! Happy to help. Please share with fellow students.

[@jiaqinull1024]

条理清晰，很有干货，感谢！

[@arthurkearney6193]

Thanks you- well articulated.

[@TheFinanceStoryteller]

Happy to help! I would suggest to read "Antifragile: how to live in a world we don't understand" by Nassim Taleb as well: ua-cam.com/video/fUU9sPU__MY/v-deo.html&pp=gAQBiAQB

[@juliadevroe4670]

What a great video I learned so much. Thanks for making it

[@TheFinanceStoryteller]

You're welcome! Glad to hear you enjoyed it. :-)

[@dougmckinley4075]

VERY GOOD EXPLANATION AND PRACTICAL THANKS!

[@TheFinanceStoryteller]

Thank you, Doug!

[@behighlyreliable7049]

Fabulous! you are an excellent teacher!

[@TheFinanceStoryteller]

Thank you very much for the compliment! Good to hear that you enjoyed the video.

[@hannatubello549]

Exert self control, be a good team player and continue to acquire useful knowledge to improve self worth and better outcome of the work we do

[@TheFinanceStoryteller]

Absolutely, Hannatu!

[@abhishekshingade9612]

You are the best, simple and easy explainations

[@TheFinanceStoryteller]

Thank you very much. Glad you are enjoying them! Please spread the word. :-)

[@evadevroe5894]

I Volatility, Uncertainty, Complexity and Ambiguity loved it😂😉

[@TheFinanceStoryteller]

Great! It took some time to put together, so it's good to hear my viewers enjoy it.

[@omarzeyad1382]

Great video as always

[@TheFinanceStoryteller]

Appreciate that, Omar! Thank you for watching and commenting.

[@rachitaurora]

Thank you Philip!

[@TheFinanceStoryteller]

You're welcome, Rachit! Thank you for watching and commenting.

[@MAFA.ACADEMY]

Great video I learned so mucH

[@TheFinanceStoryteller]

Glad it was helpful!

[@Hotpocketmountiandew]

Life is an improv comedy. And you are the improv comic, who for comedic purposes. Was not trained ahead of time. It should be totally fine.

[@adityasuryomurtjito]

nice video! it's interesting how your explanation also put solid grounds on explaining not only Dave Snowden's Cynefin Framework, but also Systems Thinking.
Are you familiar with them?

[@TheFinanceStoryteller]

Thank you, Aditya. I have heard of systems thinking. My interest in VUCA comes mostly from having exposure to the world of software development, as well as reading Nassim Taleb's "The Black Swan" and other masterpieces: ua-cam.com/video/tQEH9caNMi8/v-deo.html

[@mariyea69420]

neat, thank you

[@TheFinanceStoryteller]

Glad you liked it!

[@BrettCohrs]

Is it a valid approach in some circumstances to strategize to reduce VUCA when possible?

[@TheFinanceStoryteller]

Yes, as much as you can. It's good to have a list of known unknowns, but you can never take away all unknown unknowns...

[@radhakochhar6413]

Thank you...... Can you tell your website name for more information.......

[@TheFinanceStoryteller]

You're welcome, Radha! Best to check my Linked In profile. Name: Philip de Vroe. Happy to connect!

[@amirz3172]

Ehrenmann

[@TheFinanceStoryteller]

Danke!

[@lawrencesonibare4728]

Simple

[@TheFinanceStoryteller]

Thank you!

[@ronaldaquino2721]

Vlatile uncertain complex ambiguus

[@TheFinanceStoryteller]

Apart from two typos, that is correct.

[@clashofclansstarcollection9713]

😭😭😭😭😭😭😭😭😭😭thank you very much sir

[@TheFinanceStoryteller]

I hope those are tears of joy!

[@luisc8489]

Is anxiety Vuca world?

[@TheFinanceStoryteller]

A VUCA world (in comparison to a more stable world) can certainly contribute to increased anxiety. Develop the skills to adapt to ever changing circumstances, and build emotional resilience.

[@BotakiHlalele]

Anxiety is an emotional reaction or outcome to VUCA