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.
volatility, uncertainty, complexity, and ambiguity, VUCA, risk management
Accounting | Risk Analysis | Strategic Management Policy
Corporate Governance, Auditing and Risk Management
IS Chartered Accountant
Institute of Singapore Chartered Accountants
FOO S.L.; CHENG, Nam Sang; and CHENG, Nam Sang.
Risk Management in a VUCA Environment: Some key considerations. (2016). IS Chartered Accountant. Research Collection School Of Accountancy.
Available at: http://ink.library.smu.edu.sg/soa_research/1554
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