Managing in a VUCA World

Managing in a VUCA World

This book examines volatility, uncertainty, complexity and ambiguity (VUCA) and addresses the need for broader knowledge and application of new concepts and frameworks to deal with unpredictable and rapid changing situations.

Author: Oliver Mack

Publisher: Springer

ISBN: 9783319168890

Category: Business & Economics

Page: 259

View: 517

This book examines volatility, uncertainty, complexity and ambiguity (VUCA) and addresses the need for broader knowledge and application of new concepts and frameworks to deal with unpredictable and rapid changing situations. The premises of VUCA can shape all aspects of an organization. To cover all areas, the book is divided into six sections. Section 1 acts as an introduction to VUCA and complexity. It reviews ways to manage complexity, while providing examples for tools and approaches that can be applied. The main focus of Section 2 is on leadership, strategy and planning. The chapters in this section create new approaches to handle VUCA environments pertaining to these areas including using the Tetralemma logics, tools from systemic structural constellation (SySt) approach of psychotherapy and organizational development, to provide new ideas for the management of large strategic programs in organizations. Section 3 considers how marketing and sales are affected by VUCA, from social media’s influence to customer value management. Operations and cost management are highlighted in Section 4. This section covers VUCA challenges within global supply chains and decision-oriented controlling. In Section 5 organizational structure and process management are showcased, while Section 6 is dedicated to addressing the effects of VUCA in IT, technology and data management. The VUCA forces present businesses with the need to move from linear modes of thought to problem solving with synthetic and simultaneous thinking. This book should help to provide some starting points and ideas to deal with the next era. It should not be understood as the end of the road, but as the beginning of a journey exploring and developing new concepts for a new way of management.
Categories: Business & Economics

Leading in a VUCA World

Leading in a VUCA World

This open access book brings together works by specialists from different disciplines and continents to reflect on the nexus between leadership, spirituality and discernment, particularly with regard to a world that is increasingly volatile ...

Author: Jacobus (Kobus) Kok

Publisher: Springer

ISBN: 9783319988849

Category: Business & Economics

Page: 209

View: 388

This open access book brings together works by specialists from different disciplines and continents to reflect on the nexus between leadership, spirituality and discernment, particularly with regard to a world that is increasingly volatile, uncertain, complex, and ambiguous (VUCA). The book spells out, first of all, what our VUCA world entails, and how it affects businesses, organizations, and societies as a whole. Secondly, the book develops new perspectives on the processes of leadership, spirituality, and discernment, particularly in this VUCA context. These perspectives are interdisciplinary in nature, and are informed by e.g. management studies, leadership theory, philosophy, and theology.
Categories: Business & Economics

Managing VUCA Through Integrative Self Management

Managing VUCA Through Integrative Self Management

Perspectives on a VUCA world. In O. Mack, A. Khare, et al. (Eds.), Managing in a VUCA world (pp. 3–19). Berlin: Springer. Mazis, G. A. (2002). Earthbodies, rediscovering our planetary senses. Albany, NY: State University of New York ...

Author: Sharda S. Nandram

Publisher: Springer

ISBN: 9783319522319

Category: Business & Economics

Page: 335

View: 195

In this book, experts discuss whether volatility, uncertainty, complexity and ambiguity (VUCA) represent a challenge or a business opportunity. More intense debates on global climate change, increased turbulence in financial quarters, increased job insecurity and high levels of stress at the workplace are attracting attention in the context of organization behavior and entrepreneurship. Fear and confusion have become part and parcel of business, often undermining trust, cooperation and inspiration. As a response, a new way of organizing self-management has emerged. The book combines practical wisdom from East and West, to develop integrative self-management theory and practice; provides direction to support an integrative mind-set, integrative organization and integrative leadership; and presents VUCA as an opportunity and necessity for development and growth, rather than a threat.
Categories: Business & Economics

Gower Handbook of Programme Management

Gower Handbook of Programme Management

Cooper, R. G. (1990), 'Stage-Gate Systems: A New Tool for Managing New Products', Business Horizons, 33(3): 44–54. Feldman, M. S. and Pentland, B. T. (2003), ... Managing in a VUCA World, Berlin: Springer. Mack, O. and Khare, A. (2015), ...

Author: D Lock

Publisher: Routledge

ISBN: 9781000152074

Category: Business & Economics

Page: 602

View: 758

In the ten years since this Gower Handbook was first published, Programme Management has been transformed to become the vehicle of choice for realising the objectives of large scale, complicated, business, government and social investment. The Second Edition of this Gower Handbook is a completely new text; designed as a definitive guide to the current state of Programme Management. To that end the text offers foundation theory and knowledge around key issues such as, managing programme contracts, people and know-how, complexity and uncertainty, benefits and success measures, as well as every stage of the programme life cycle. The main central section of the book provides theory, tools, advice and examples of practical application from an industry context and covers sectors including construction, energy, aerospace and defence, IT, automotive and the public sector. The Handbook also includes a section with chapters on assessing and improving programme competences and developing maturity. Discrete chapters relate programme management to the international baselines and standards. Collectively, the Gower Handbook of Programme Management is most comprehensive guide to the subject that you can buy.
Categories: Business & Economics

International Business in a VUCA World

International Business in a VUCA World

Management innovation in a VUCA world: Challenges and recommendations. California Management Review, 61(1), 5–14. Milliken, F. J. (1987). Three types of perceived uncertainty about the environment: State, effect, and response ...

Author: Rob van Tulder

Publisher: Emerald Group Publishing

ISBN: 9781838672577

Category: Business & Economics

Page: 536

View: 499

Dedicated to Professor Peter Buckley, OBE, this volume of Progress in International Business Research explores the new challenges for MNEs, SMEs (small and medium sized enterprises) and INVs (International New Ventures) emerging from this changing and increasingly unpredictable political, economic, social and technological VUCA world.
Categories: Business & Economics

INTEGRATING DIVERSITY COOPERATION AND INNOVATION a framework for modern management

INTEGRATING DIVERSITY  COOPERATION  AND INNOVATION  a framework for modern management

Diversity – Cooperation – Innovation versus the VUCA world The three main themes of this book (diversity, cooperation, ... They are each important in their own right, but also their mutual dependencies must be understood and managed ...

Author: Michał Jasieński

Publisher: Societas Vistulana

ISBN: 9788365548665

Category: Business & Economics

Page: 212

View: 114

When writing this book I aim to accomplish several goals. First, I would like to show that building a cooperative environment for a diverse workforce is a crucial antecedent to any attempts at building innovativeness. Diversity expresses itself in various forms. It may be the fact that men and women may have different creative sensitivities (Chapter 11), or that the employees differ in their views on the importance of various components of the business model (Chapter 3), or that different employee groups or different companies employ different strategies with respect to innovation management (Chapter 7). Being aware of these sources of diversity may be of practical importance for thoughtful managers. Second, the heuristic methods described in Chapters 4, 10, and 11 are well suited for managerial practice, since they are the tools ready to be implemented in everyday work, when the need arises to stimulate employees’ innovativeness. Several hundred original examples provided in these chapters are meant to serve either as direct triggers of creativity (Appendix to Chapter 11) or potentially useful cases to enrich one’s thinking about their problems to be solved (examples of the TRIZ method in Appendix to Chapter 4 and examples of the SCAMPER method in Appendix to Chapter 10). Third, modeling innovation dynamics using game theory (Chapter 7) and quantifying within-organization diversity with methods that are borrowed from community ecology, open novel opportunities for researchers in the area of management (Chapter 3). The existence of team roles creates a natural organizational setting through which plurality of employee views on the main business model of the organization are expressed. Since each team role has a unique view on the importance of particular components of the business model, an informal but very dynamic diversity of business models co-existing in the organization arises. I adopt quantitative concepts and methods from ecology to show how the diversity of team-role views can be assessed. Furthermore, the same method can be used to capture the diversity of views on business models among individual employees, especially at managerial and executive level. In a turbulent business environment an organization’s flexibility may be improved by internal diversity of the ways its business model is implemented. Finally, several topics may be used in the educational context, with very low barriers to entry for the student users. Reciprocity as a mechanism promoting cooperation and building trust (Chapters 2 and 3) is, in my view, a fundamental concept when teaching about organizational behavior. Game theory is useful in strategic management. The heuristic methods mentioned above are key to implementing a very effective approach in creative thinking and innovation management courses.
Categories: Business & Economics

Flexible Strategies in VUCA Markets

Flexible Strategies in VUCA Markets

This book discusses the concepts of volatility, uncertainty, complexity, and ambiguity (VUCA) that are the core of various paradigms used in strategic management to understand competitive advantage as well as flexibility in organizational ...

Author: Sanjay Dhir

Publisher: Springer

ISBN: 9789811089268

Category: Business & Economics

Page: 273

View: 783

This book discusses the concepts of volatility, uncertainty, complexity, and ambiguity (VUCA) that are the core of various paradigms used in strategic management to understand competitive advantage as well as flexibility in organizational boundaries. It serves as a valuable reference resource in the area of VUCA markets. An increase in the levels and types of uncertainty has important implications potentially for the durability of a company’s advantages, the way firms learn and adapt, approaches for managing innovation and knowledge, and the attractiveness of different strategies and organizational models. In today’s world, strategic flexibility in VUCA is essential for business leaders to sustain market advantage and attain a clear vision amid the chaos. Business leaders who stay focused and are aware of external volatility as the prevalent characteristic are successful, while those who are not flexible in this VUCA world and lock themselves into fixed positions lose out. The book includes empirical and conceptual research papers along with case studies and models discussing strategies for emerging markets in volatile and uncertain environments. It also covers a variety of issues, including innovation, people and processes, financial management, and leadership and strategies in VUCA markets. Apart from research fraternity and academia, the contents of the book will be useful for practitioners as well as industry watchers.
Categories: Business & Economics

Leadership after COVID 19

Leadership after COVID 19

The essential Drucker: Selections from management works. ... https://www.ilo.org/global/ topics/coronavirus/impacts- and- responses/WCMS_755910/lang%2D%2Dde/index.htm ILO. (2020b). ... Managing in a Vuca world. Springer.

Author: Satinder K. Dhiman

Publisher: Springer Nature

ISBN: 9783030848675

Category: Business & Economics

Page: 609

View: 257

The COVID-19 pandemic has permanently changed lives around the world and no dimension of life and leadership seems to have been spared from its wrath. It has also stirred us into thinking about novel approaches to lead organizations and societies toward a shared, sustainable future. This book offers novel perspectives on leadership and change management after the COVID-19 pandemic that take us beyond striving for thriving—perspectives that are grounded in emergent theory, research and practice. It highlights sustainable leadership and change management strategies to effectively deal with unpredictable and rapidly changing situations—particularly in a world that is increasingly volatile, uncertain, complex, and ambiguous (VUCA). This book also highlights engaging perspectives by specialists from different disciplines such as business, psychology, education, and health care. It serves as a practical guide in identifying and responding to leadership challenges and opportunities in each of the four VUCA categories of volatility, uncertainty, complexity, and ambiguity—and how they affect businesses, organizations, and societies as a whole.
Categories: Business & Economics

Competitive Drivers for Improving Future Business Performance

Competitive Drivers for Improving Future Business Performance

In O. Mack, A. Khare, A. Krämer, & T. Burgartz (Eds.), Managing in a VUCA World. Springer. McGrath, R. (2013b). ... In Oxford Research Encyclopedia of Business and Management. doi:10.1093/acrefore/9780190224851.013.4 Muneer, M. (2019).

Author: Martins, Carlos

Publisher: IGI Global

ISBN: 9781799818458

Category: Business & Economics

Page: 267

View: 625

The globalized economy, dominated by the diffusion of innovation and social, political, and economic changes, allows people and knowledge to flow without knowing what lies ahead. As new economies emerge and technologies impose significant changes, the internationalization of markets and industries has made defining its delimitation more difficult. Competitive Drivers for Improving Future Business Performance is a conceptualized reference source that discusses the use of digital skills to manage change in volatile contexts and provides fundamental understanding of competitive advantage to guarantee superior performances. To assure this level of performance, a set of choices (drivers) must be created ensuring operational efficiency, innovative products, customer knowledge-base, and focused branding. Featuring research on topics such as consumer experience, strategic leadership, and flexible technologies, this book is ideally designed for managers, executives, entrepreneurs, academicians, consulting professionals, researchers, industry professionals, and students seeking coverage on how to improve competitive performance in an era of uncertainty.
Categories: Business & Economics

Project Management

Project Management

An article by Bennett and Lemoine (2014) on understanding threats to performance in a VUCA world and Millar et al.'s (2018) overview article on managing innovation in a world characterized by VUCA provides further insight into the ...

Author: Stewart R. Clegg

Publisher: SAGE

ISBN: 9781529729788

Category: Business & Economics

Page: 624

View: 277

Project management is an essential life and workplace skill that everyone must develop. Following the popular style and format of other textbooks by Stewart Clegg, this brand new co-authored textbook on project management provides a much needed European perspective to the subject. Drawing on the latest research and practice, the authors guide students on an active learning journey through the project lifespan, promoting a critical and reflexive approach to studying project management, as well as one that creates value for all project stakeholders and emphasizes people and not just process. Case studies and examples discussed in the text cover a wide range of projects from large to smaller across different industries and sectors, both public and private, including: megaprojects (HS2); mega events (Olympics); political projects (Brexit); health-related project implementation (LEAN); tech-related projects (Google); building and restoration projects (housing/Sagrada Familia); and arts and cultural projects (European Capital of Culture). Incorporating a host of learning features both in chapters and via the supporting online resources, this textbook is essential reading for all students/managers completing a course unit in project management at either undergraduate or postgraduate level.
Categories: Business & Economics