1. VUCA and Futures Thinking Framework

What does VUCA stand for?

• Volatility, Understandability, Complexity, Ambiguity

• Volatility, Uncertainty, Complexity, Ambiguity

• Volatility, Uncertainty, Credibility, Ambiguity

• Variability, Uncertainty, Complexity, Ambiguity

Which component of VUCA represents an unexpected or rapid change?

• Complexity

• Ambiguity

• Uncertainty

• Volatility

What is the willingness to try new things called?

• Resilience

• Ambiguity

• Flexibility

• Empathy

What is the lack of predictability or availability of information in events?

• Volatility

• Uncertainty

• Complexity

• Ambiguity

The interconnectedness of cause-and-effect forces or multiple factors difficult to categorize or control is termed as ________

• Clarity

• Agility

• Ambiguity

• Complexity

In the fast-paced world of technology, ambiguity refers to the speed of change in an industry, market or the world in general.

• TRUE

• FALSE

Fatema, James, and Ali were discussing a concept that refers to vague data, subject to multiple interpretations and the mixed meaning of conditions. What is this concept?

• AMBIGUITY

• COMPLEX

• VOLATILE

In a rapidly changing market, products that are an absolute success today may disappear within one years’ time.

• Volatility

• Uncertainty

• Complexity

• Ambiguity

Hind quit her job to start her business, but she doesn’t know when she will start earning money and if her business will succeed.

• Volatility

• Uncertainty

• Complexity

• Ambiguity

Saeed is confused about what college course to enroll in because the university offers many courses that he likes.

• Volatility

• Uncertainty

• Complexity

• Ambiguity