Can any one discuss about (V U C A) V = Volatility / U = Uncertainty / C = Complexity / A = Ambiguity and world trends?
From India, Guntur
49From India, Guntur
Dear Mr VK Rao,
What you are asking is exactly contrary.
The meaning of volatility is the trait of being unpredictably irresolute. Therefore, how there can be a trend if something is unpredictable?
The meaning of uncertainty is being unsettled or in doubt or dependent on chance. Therefore, how there can be a trend if something is dependent on chance?
The meaning of complexity is the quality of being intricate and compounded or a development that complicates a situation. Therefore, how there can be trend if the development complicates a situation?
Lastly the meaning of ambiguity is an expression whose meaning cannot be determined from its context or unclearness by virtue of having more than one meaning. Therefore, how one can find a trend in unclearness?
Nevertheless, classic example of VUCA is COVID-19 pandemic. Just a few months ago, nobody would have predicted that India's quarterly growth could be -23.9% However, today it is a reality. In fact, when there was outbreak of pandemic, we had started getting message on WhatsApp stating India will emerge much stronger after pandemic. Of course, those who daydream but call it as positive thinking may do so even now also but our thinking should be grounded to the logic and reality.
Nothing is predictable in VUCA world and it is applicable to future of any profession as well. Therefore, let us do best what we are doing today!
Thanks,
Dinesh Divekar
From India, Bangalore
What you are asking is exactly contrary.
The meaning of volatility is the trait of being unpredictably irresolute. Therefore, how there can be a trend if something is unpredictable?
The meaning of uncertainty is being unsettled or in doubt or dependent on chance. Therefore, how there can be a trend if something is dependent on chance?
The meaning of complexity is the quality of being intricate and compounded or a development that complicates a situation. Therefore, how there can be trend if the development complicates a situation?
Lastly the meaning of ambiguity is an expression whose meaning cannot be determined from its context or unclearness by virtue of having more than one meaning. Therefore, how one can find a trend in unclearness?
Nevertheless, classic example of VUCA is COVID-19 pandemic. Just a few months ago, nobody would have predicted that India's quarterly growth could be -23.9% However, today it is a reality. In fact, when there was outbreak of pandemic, we had started getting message on WhatsApp stating India will emerge much stronger after pandemic. Of course, those who daydream but call it as positive thinking may do so even now also but our thinking should be grounded to the logic and reality.
Nothing is predictable in VUCA world and it is applicable to future of any profession as well. Therefore, let us do best what we are doing today!
Thanks,
Dinesh Divekar
From India, Bangalore
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