VUCA is an acronym for Volatility, Uncertainty, Complexity and Ambiguity. It's a model that can be used to describe the world in which we live today.
VUCA describes the world we live in today: a world of rapid change, where you never know what will happen next or how it will affect you personally or professionally; a world where there's no single right answer but rather many different answers that all have their own pros and cons; and a world where everything feels like it's moving faster than ever before (even while also feeling like it's slowing down).
Volatility — The unpredictable nature of the economy and the market.
Volatility refers to the unpredictability that is inherent in any given situation. In a volatile environment, there are many variables that can change suddenly and without warning. This can make planning difficult and even put your company at risk.
Uncertainty — The lack of predictability of future events and trends.
Uncertainty refers to the lack of information that surrounds a given event or decision. When you're uncertain about something, you don't know what will happen next or what the outcome will be. This can cause anxiety and stress in employees who are worried about not knowing what's going on around them or what decisions need to be made next.
Complexity — The interconnectedness of everything in the world today. And finally...
Complexity refers to situations where there are many factors involved in making decisions about how best to proceed forward with a project or problem at hand — so many factors that it becomes difficult to determine which ones are most important or relevant when making those decisions (or if they even exist).
Ambiguity — The lack of clarity on what lies ahead and how it will impact us all.