Decision making in a VUCA context

Roger Waldeck ()
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Roger Waldeck: IMT Atlantique - LUSSI - Département Logique des Usages, Sciences sociales et Sciences de l'Information - IMT Atlantique - IMT Atlantique - IMT - Institut Mines-Télécom [Paris], LEGO - Laboratoire d'Economie et de Gestion de l'Ouest - UBS - Université de Bretagne Sud - UBO - Université de Brest - IMT - Institut Mines-Télécom [Paris] - IBSHS - Institut Brestois des Sciences de l'Homme et de la Société - UBO - Université de Brest - UBL - Université Bretagne Loire - IMT Atlantique - IMT Atlantique - IMT - Institut Mines-Télécom [Paris]

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Abstract: Purpose: strategic decisions are mostly taken in VUCA (volatile, uncertain, complex, ambiguous) environments. Building management strategies in a VUCA context requires a characterization and understanding of each these terms. Methodology: each VUCA term is discussed from the perspective of the decision and complexity sciences with the objective of disentangling the underlying concepts. Findings: we provide a taxonomy for these terms which is used to characterize the different steps of a decision problem by the type of "VUCAlities" to be resolved. Moreover, a decision situation can also be analyzed and characterized with respect to a diagnostic grid composed of VUCA dimensions. A turnkey use of the VUCA grid for decision situations is proposed. Originality: the paper provides a new and unified conceptualization of VUCA, from the perspective of the decision and complexity sciences, used to describe the principal issues of a decision situation with potential relevant resolution methods

Keywords: VUCA; diagnostic grid; decision methods; uncertainty; complexity; ambiguity (search for similar items in EconPapers)
Date: 2022-08-01
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Persistent link: https://EconPapers.repec.org/RePEc:hal:wpaper:hal-03763719

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