New Delhi, Oct. 7 -- The acronym VUCA, short for volatile, uncertain, complex and ambiguous, has become a catchphrase to describe the challenges of today's corporate world. Its origin, however, is linked to the period after Cold War in the 1990s, when geopolitical tensions between the United States and the Soviet Union peaked. In the current context, it is all about developing a framework to ensure business continuity in order to thrive in the ever-evolving world of work.

Until covid-19 struck, the Great Recession (2007-09) was considered one of the prime examples of VUCA. However, the incidence of covid-19 caused a severe blow to organisations almost overnight. In a 2020 research paper titled Covid-19's Uncomfortable Revelations About A...