I think uncertainty, since I won't know if I'll sell more or less. I will be proactive about the situation by taking steps to let me know how to improve my product or know if I'll get more buyers
Very true. The markets around the world have been uncertain for a while. Hence businesses know that when the tides turn your way, you gotta maximize and make the most of the opportunity
Thanks for sharing, amazing video but I have one point to make. Actually it is a provocative issue. As all we know the 4 standard management functions are planning, organizing, leading and controlling, and these functions occur in a succesion of steps. How do we proceed now if strategic, tactic and operational levels of every enterprise (or public administration) counts on plans for a long, medium, and short time of execution? At a first glance, VUCA approach requires that employees, managers, public servants and politicians abandon all they've learnt on college and daily work in favor of a complete and deep blind dive inside a chaotic ocean with no rules, laws, or established procedures.
If I own a business, initially the first thing I may encounter is "uncertainty" because I will be not able to forecast/predict what will happen in the future.
Correct! It's therefore important for people to think about plan A, plan B, etc to try and counter that uncertainty. Can the business cope with customer demand if a key supplier goes bust? Can the business survive a change in taxation rate? And so on! 🙂
