We live in a VUCA world with an environment that is volatile, uncertain, complex, and ambiguous. The coronavirus pandemic illuminates what happens to a firm or industry that lacks organizational agility and responds slowly to threats. Even before COVID-19, thanks to globalization, the internet, and exponential technological growth, no business was immune from early obsolescence. Organizations need new kinds of leaders, those with vision who can see where technology is going, hire adaptable employees, and can quickly change direction when necessary. This paper provides numerous examples of blunders ranging from missed opportunities to unethical practices.
Organizational Agility, Visionary Leadership in the Age of VUCA