Publication Type

Magazine Article

Publication Date

4-2016

Abstract

Whatis VUCA? Why is it relevant to accountants, the C-suites and Board ofDirectors? Companies are in the business of taking risks for rewards. Situatedbetween the companies are in the business of taking risks for rewards. Situatedbetween the companies and the rewards are risks. Critical concepts in thisprocess are volatility, uncertainty, complexity, and ambiguity (VUCA), a trendymanagerial acronym that conflates the reality of the business environment and the challenges ofrisk management.

Keywords

volatility, uncertainty, complexity, and ambiguity, VUCA, risk management

Discipline

Accounting | Risk Analysis | Strategic Management Policy

Research Areas

Corporate Governance, Auditing and Risk Management

Publication

IS Chartered Accountant

ISSN

8521-3426

Publisher

Institute of Singapore Chartered Accountants

Creative Commons License

Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.

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