What is VUCA? ...and VUCA' (VUCA Prime)

The video introduces the concept of VUCA, which stands for Volatility, Uncertainty, Complexity, and Ambiguity, highlighting its origins in warfare and its relevance in today's commercial world. It explains each component of VUCA and how they affect global trade, technology, and society. The video also presents VUCA Prime, a framework by Bobby O Hansen, as a response to VUCA, emphasizing Vision, Understanding, Clarity, and Agility as key strategies to navigate a VUCA world. The video concludes by suggesting that project managers are well-equipped to handle these challenges.

What does the term VUCA stand for?

How did the term VUCA originate and what context does it relate to?

In what ways has the world changed that contribute to the VUCA environment?

What are the four components of VUCA and how do they affect organizations?

What is VUCA Prime and how does it relate to the challenges of a VUCA world?

How can project managers effectively navigate a VUCA world?

What skills are essential for project managers to thrive in a VUCA environment?