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
Citation
FOO S.L.; CHENG, Nam Sang; and CHENG, Nam Sang.
Risk Management in a VUCA Environment: Some key considerations. (2016). IS Chartered Accountant.
Available at: https://ink.library.smu.edu.sg/soa_research/1554
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.