Posts

Showing posts from February, 2023

How are Organizations Moving From a VUCA World to a BANI World?

The VUCA word (Volatility, Uncertainty, Complexity, Ambiguity) was coined in the 1990s to describe the world's unprecedented change and uncertainty. To counter this, the BANI world (Balance, Agility, Networking, Innovation) was created to provide a framework for organizations to adapt to and succeed in a rapidly changing environment. The BANI world emphasizes balance and agility rather than just reacting to change and encourages organizations to create networks of partners and collaborators to maximize innovation. By leveraging the best of both worlds, any organization can create a dynamic, flexible, and resilient organization that can anticipate and quickly adapt to environmental changes. The pandemic everyone faced in 2020 accelerated the transition from VUCA and BANI from uncertainty to chaos. The BANI world responds to the VUCA world, aiming to create a framework that allows organizations to adapt better to the ever-changing environment. It balances existing processes and prac

Survival Skills in the Era of VUCA

Image
  The term VUCA, first used in the 1990s to describe the post-Cold War global political environment, is now used to describe the circumstances present in the modern workplace. It must constantly adapt to new framework conditions and current events because it is through a continual process of transformation in the age of digitalization. VUCA is short for Volatility: Due to digitization, pertinent innovations are created in ever-shorter successions, necessitating the establishment by businesses of a long-lasting culture of change. It is more common for unexpected things to happen, and it can be challenging to determine their causes and effects. Additionally, the external environment, which includes clients and rivals, could be more stable. There is ongoing pressure to innovate, competitors rarely remain on the market for long, and it is challenging to maintain a distinct, consistent consumer base. Uncertainty: Due to rapid advancements and demand for agile functioning, processes take t

The Market for Corporate Training in India will Continue to Grow for the Next 15 years. Care to Know More?

Image
  A report entitled "corporate training market India outlook to 2027" shows that the market for corporate training in India is in its growth stage and will continue to grow for the next 15 years.   While considering the magnitude of development in the sector, one can show that the robust IT and service industries, in addition to the young workforce, will be penetrated mainly by the corporate training companies in India in the following years.  From 2017 to 2022, the market grew at a positive rate of 9.8%.   Despite uncertain fluctuations, the market remained on its growth spurt by maintaining a positive CAGR. The market also continues adapting to changing circumstances by modeling its training and other facilities to hybrid and remote conditions. It is providing various modes of e-learning to companies with high-end technology adaptation which is enabling the professional development of hard and soft skills for workers who are dispersed nationally and even globally. IT and C