A quote from Charles M Schultz in the comic strip Peanuts goes like this ‘Worrying won’t stop the bad stuff from happening, it just stops you from enjoying the good’. Here, he is referring to our personal ability to manage a VUCA world.
Have you heard of the acronym VUCA? It’s a very useful term right now.
Defined on Wiki, VUCA was first used in the leadership theories of Bennis and Nanus to describe or to reflect on the volatility, uncertainty, complexity and ambiguity of general conditions and situations.
- V = Volatility: the nature and dynamics of change, and the nature and speed of change forces and change catalysts.
- U = Uncertainty: the lack of predictability, the prospects for surprise, and the sense of awareness and understanding of issues and events.
- C = Complexity: the multiplex of forces, the confounding of issues, no cause-and-effect chain and confusion that surrounds organization.
- A = Ambiguity: the haziness of reality, the potential for misreads, and the mixed meanings of conditions; cause-and-effect confusion.
VUCA often impacts how individuals and organisations make decisions, plan forward, manage risks, foster change and solve problems. Our ability to operate in a VUCA world is defined by our fear, comfort levels, optimism and by how much we try to control or avoid uncertainty.
More than ever, we are living in a VUCA world. None of us know how this corona virus epidemic will end. Here in Sweden, society seems to be shutting down and the economy is in the middle of a major crisis. A global recession seems inevitable.
So how do we get through it?
Our ability to get through this without emotional breakdown does not come from panic, rumour and phobia.
According to Bill George, a senior fellow at Harvard Business School, it calls for a response which he calls VUCA 2.0: Vision, Understanding, Courage and Adaptability. From the government, from employers and from each individual. Thinking and acting in this way provides us with the stability and psychological safety we will need to get through to the other side.
So, how do you personally handle the concept of VUCA?