Managing in VUCA Environments

Learn how to classify different environments and the appropriate response.
Diagnose readiness to deal with VUCA-environments.
Understand how to prepare for decision-making in volatile environments?
Learn about methodologies to apply in VUCA-environments (e.g., just-in-time decision-making, play-and-act, agile transformation) to be utilized to make the strategy process more dynamic?

Most companies today work in VUCA environments. Coined in the late 1990s, the military-derived acronym stands for volatility, uncertainty, complexity, and ambiguity—terms strategic business leaders use to describe the disruptive, turbulent, and rapidly changing business environment that has become the "new normal."

As a consequence, strategies and strategizing have to be revised in a way to have a better match. This involves a new radar screen for scanning critical issues earlier and for building the muscle for adjusting strategic moves on an ongoing basis. In the face of rapid changes, it becomes vital to learn how to distinguish between challenges that are obvious and those that are hidden – and to determine how to plan and lead appropriately.

Dealing with uncertainty has become the very essence of doing successful business, an insight that is often hard to grasp, and that will require a new mindset. We provide several company examples and blend experiences from Asia and Europe to contrast ways of dealing with VUCA-environments.

The participants will obtain a certificate from the Luxembourg School of Business. Our school is certified by the Ministry of Education as a lifelong learning organism and member of AACSB (Association to Advance Collegiate Schools of Business).