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Leadership Challenges<br />
The severity of the<br />
world on the corporates.<br />
What it demands from their leaders?<br />
VUCA: the Origins<br />
VUCA—the term first produced and implemented by<br />
The U.S. Army War College to train their officers in the<br />
response of collapse of the USSR in the early 1990s.<br />
VUCA describes the volatility, uncertainty, complexity,<br />
and ambiguity of the world after the Cold War.<br />
Therefore, it was specifically a lesson learned from the<br />
conditions arose due to the Cold War between the US<br />
and USSR.<br />
VUCA, which was once a military training term has<br />
become trendy managerial acronym today. But what<br />
made corporates to follow this acronym? One of the<br />
reason is the Global Financial Crisis (GFC) of 2008—a<br />
once-in–a-century financial crash. Nearly a decade later<br />
we are still dealing with its fallout, and thinking of<br />
another, even larger, debt-caused crisis. Presently, VUCA<br />
is best acronym that encapsulates the impact of such<br />
thunderstorms which are just begun to unleash upon the<br />
globe.<br />
VUCA: Actual world scenario<br />
Therefore, VUCA designates unpredictable events in the<br />
world, whether in case of a country like Afghanistan or<br />
the case of an organization like Nokia. Afghanistan was<br />
once known as a fast developing country with a healthy<br />
economy. Similarly, Nokia was a leader in phone<br />
manufacturing and was selling the most number of<br />
phones across the world. In both cases, these two<br />
elements have suffered a drastic fall from prosperity to a<br />
great depreciation in their value.<br />
These downfalls are the recent examples of<br />
ineffectiveness in tackling rapid changes in defense and<br />
in technological world respectively. Thus, neither<br />
countries nor organizations and their leadership<br />
strategies are spared in the today’s fluctuating world. Just<br />
turning on 5 min news can show you the live volatility<br />
and uncertainty in the world. One can see the end of<br />
relative stability in the business, politics, or science<br />
which ultimately forcing humans to be more dynamic,<br />
aggressive, and prepared for upcoming disasters. This<br />
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