Is VUCA stressing your business?
In this time of volatility, uncertainty, complexity and ambiguity (VUCA), growing and maintaining a thriving company is a real challenge. In 2017, the number of UK businesses going in to administration rose for the third successive year. The shadow of Brexit looms large and even the most predictable of business plans have some “rough guess” about them.
But it’s not all Brexit’s fault. After all we can look back at a succession of global crises that launched as many businesses as they closed. Opportunities arise during chaos and as such it’s the businesses that can get the best out of their staff, develop and retain intellectual property that will flourish in this VUCA economy.
Resilience is the ability to adapt to change. Change causes stress.
But adapting and thriving in this environment is tough. Making long term investments in equipment or business systems is risky when your requirements might change mid-project. So, we turn to the capable and intelligent talent in our organisation to handle that uncertainty. And if they have the capacity, commitment and resilience to handle the extra stress, this is a good option.
Until they can’t handle it any more. Which we might not spot until it’s too late.
Do you know where the stress is being felt in your business?
So, as you consider this, let me ask you:
- Where are the stress points in your business?
- What is stress costing you in lost productivity and customer satisfaction?
- How is stress affecting your ability to recruit and retain the right people?
If any of those questions caused you concern, then sign up for a copy of the full report, for three simple steps that you can take to develop a stress resilient business that thrives where your competition struggles.