In this episode, Michael and Kathryn discussed the term "VUCA" which stands for Volatility, Uncertainty, Complexity, and Ambiguity. They traced its origin to the Army War College in the early 1990s, where it was used to describe the post-Cold War era.
In a business context, the term has gained significant momentum since Covid. Kathryn and Michael explore its implications on the housing industry and the importance of agility and adaptability in navigating such conditions. They also emphasized the need for clear guidance and advice in decision-making, the challenges of setting expectations in a rapidly changing world, and the importance of leading teams forward with a positive outlook. The conversation concluded with a discussion on the importance of balancing hope with reality and the need for leaders to inspire their teams with a positive outlook.
Building Bigger Lives Podcast-
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