How the Talent Management Function Can Thrive In a VUCA World

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Author: Dr. John Sullivan | Source: DDI World | Published: October 22, 2013

As a leader in talent management, you have undoubtedly already noticed over the last decade that there has been continuous volatility and change in the business, political, social, technological, and even the physical environment. Well, this world of turmoil actually has a name, which is VUCA—an acronym forVolatility, Uncertainty, Complexity and Ambiguity.  This turbulent environment was first identified and used by the U.S. military but it is now also becoming a standard business term that cannot be ignored.
In 2012, the prestigious consulting firm BCG conducted a research study that demonstrated using hard numbers that this turbulence in the business and economic environment now occurs more often, the turbulence lasts longer, and it occurs with greater intensity. And as a result of this turbulence, the study demonstrated that there is also a correspondingly high level of volatility in most corporate results, including revenue, profit, market cap growth, and in the frequency that firms change their industry position.