Leaders in the design and construction industry have long dealt with volatility, uncertainty, complexity and ambiguity ("VUCA") on a daily basis. VUCA is part of the industry's DNA. Today, though, the rapid pace of change is transforming the global business landscape more and more, rendering traditional leadership skills obsolete and challenging executives to equip themselves with new insights and leadership abilities.
This article presents one component in effectively responding to a VUCA environment – the ability to think strategically.
Key highlights include:
- Defining VUCA
- Success factors in dealing with a VUCA environment
- Elements of strategic thinking
- Strategic thinking vs. strategic planning
- Five successful tactics of strategic thinkers