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The VUCA world
Businesses are evolving with time and in all dimensions owing to the need to be disruptive and innovative. VUCA is a way of recognizing and understanding the complexities and dynamics of a rapidly changing world. The term "VUCA" was first coined by the US Army in the 1990s to describe the challenges of operating in a post-Cold War world. It has since become a popular way to describe the rapidly changing and unpredictable world we live in today.
Business is all about risk taking and managing uncertainties and turbulence.
VUCA is an acronym that stands for:
Volatility: The speed and frequency of change.
Uncertainty: The lack of predictability about the future.
Complexity: The interconnectedness of different factors.
Ambiguity: The lack of clarity about the meaning of events.
It can be hard to know what is going on. Volatility, uncertainty, complexity, and ambiguity mean that things are always changing and you can never be quite sure what's going to happen next. How can you survive in this kind of environment? Change is the only constant in a VUCA world, so you have to learn how to adapt quickly if you want to thrive.
The VUCA worldBy VARINDIA | 54 views
The VUCA World
The acronym #VUCA (volatility, uncertainty, complexity, ambiguity), originally used in military education, is an increasingly popular term for organizations tackling disruption head-on. Successful innovators are simply adapting and responding to this increasingly VUCA world. It describes the situation of constant, unpredictable change that is now the norm in certain industries and areas of the business world.
Volatility characterizes high dynamic and high speed for change. Uncertainty characterizes lack of predictability, and great prospect for surprise. The common impression in this VUCA environment entails “outside the box thinking” .
In a VUCA world, the boards across businesses are witnessing stunning new insights, completely unexpected disruptions, and increased speed of business. Technology has made all these things possible and smooth. Technology has brought a paradigm shift in the way businesses are functioning and markets are perceiving companies.
Experts say VUCA can act as a checklist of the key factors an organisation should be considering with their decision making. It gives some clarity about the issues faced and helps to focus on the knowns and unknowns in the context of business challenges faced both internally and externally.
The three ground rules for the technology are
1. Democratization: The complete availability in a convenient manner at where you are on a device you prefer on Data, Information, analysis, Enablement, and Empowerment.
2. Hyper Disinflation: In a physical world while inflation is happening the technology is always having disinflation. The cost of having extremely valuable information on your device when you need it coming down perpetually.
3. Personalization: It must be valuable for the person.
Strong leadership not only helps individuals understand change but also positions them to embrace it and thrive in an ever-evolving work environment. By taking clear stBy VARINDIA | 25 views
All crypto transactions depend upon the designed algorithm
There were reports on the richest personalities in crypto, who suffered a major loss of about $ 60 billion in the last week and many have also lost half of their fortune. Cryptocurrencies are better known for the volatility; they can go up and down in double digits. But one form of cryptocurrency, called stablecoins, aims to provide refuge to those who want to exit constant volatility while still staying in the crypto market, as per CoinDesk. All crypto transactions depend upon the designed algorithm, a piece of code on the blockchain. Stablecoins are cryptocurrencies that are supposed to be pegged to fiat currencies like the US dollar. In the cases of USD-pegged stablecoins, their prices are supposed to be $1 at all times. The two biggest ones, tether (USDT) and Circle's usd coin (USDC), are “over-collateralized” by fiat reserves, meaning they have cash or cash-equivalent assets in their reserves. So, each UST or USDC traded in the crypto market is backed by what’s actually in the possession of the stablecoin issuers. They’re called algorithmic because what backs them is an on-chain algorithm that facilitates a change in supply and demand between them (the stablecoin) and another cryptocurrency that props them up. Algorithmic stablecoins are typically undercollateralized – they don’t have independent assets in reserves to back the value of their stablecoins. In fact, “undercollateralized stablecoins” and “algorithmic stablecoins” are often used interchangeably.
The innovation with a blockchain is that it guarantees the fidelity and security of a record of data and generates trust without the need for a trusted third party. Blockchains have been heralded as being a disruptive force to the finance sector, and especially with the functions of payments and banking. However, banks and decentralized blockchains are vastly different. Algorithmic stablecoins typically rely on two tokens – one stablecoin and another cryptocurrency that backs the stablecoins –By VARINDIA | 49 views
Volatility in global economy India is in a safe position: Nirmala Sitharaman
Volatility in global economy, yet India is in a safe position. Since 2014 the Government is treating 'reforms' as a continues agenda: Finance Minister at media briefing.
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Watch Volatility in global economy, India is in a safe position: Nirmala Sitharaman With HD QualityBy The Economic Times | 278 views
Market Volatility Returns; Dow Drops Sharply News Video
Volatility has returned to Wall Street with the Dow Jones Industrial average falling as much as 460 points before ending the session off 173 points.
By Nidhi | 278 views
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Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in the favor of fair use.
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Bihar की Capital Patna से सटे बाढ़ इलाके में आज एक दिल दहला देने वाली घटना हुई! Ganga Dussehra | RJDBy PunjabKesari TV | 297 views