please i need support in the below request Students will create a presentation outlining their perceptions of the future. In the presentation you need to:1. Describe how you think about the future

What VUCA Really Means for You We hear more and more about VUCA, short for volatility, uncertai nty, complexity, and ambiguity. However, VUCA brings together four very different types of challenges that demand four distinct typ es of responses. That makes it difficult to know how to approach a challenging situ ation and easy to use VUCA as an excuse to not be prepared. A fter all, you can’t prepare for a VUCA world, right? Actually, you can. Here is a guide to identifying, getting ready for, and responding to events in each of the four VUCA categories. Complexity Situations have many different interconnected parts and variables. Some information is a vailable and can be predicted. H owever, there is an enormous amount of information and because it is all connected together it can be very difficult to understand in a useful way. For example, many companies nowadays do business in many different countries, each one with its own laws and rules about how to do business and trade. In order to manage this companies ar e having to hire or develop specialists, whose job it is to find ways to deal with all this complexity. Volatility Many of the challenges or problems that companies face nowadays are unexpected , and how long they will last is unknown . However, they may not be difficult to understand because knowledge about the problem is available. For example, after natural disasters like earthquakes , prices of products might fluctuate becaus e th e suppliers have been affected and cannot get the VUCA brings together four very different types of challenges that demand four distinct typ es of responses. goods through. One way of dealing with this is to make sure you have enough stock to make sure that if something unexpected happens, then you will be ready when problems like this arise. Uncertainty At times companies face problems where they know what the cause and effect are. H owever, they don ’t have inf ormation to back up their knowledge. This means that while change is possible, it may not happen because of the lack of information. For example, a competitor may be about to launch a new product in the ne ar future. This could create uncertainty for other companies and the market . In this situation information is the most important thing. Companies need to find efficient ways to collect, analyze, interpret and most importantly share the knowledge . This will all ow all employees to use it to the benefit of the company. Ambiguity There are times when it is not clear what is causing a problem and because a company has never faced this type of problem before, it is very difficult to know how to react . For example, it is common for companies to launch new products , which they haven ’t tried to sell before, into new ma rkets . Overcoming this type of ambiguity requires the company to take risks and experiment . However , this needs to be done in a structured way involving making hypothesis based on collecting information, an d then testing the hypothesis. It is important that the experiments the company does can provide lessons which are useful in general. Adapt ed from: Bennett , N. & Lemoine , G. (2014). What VUCA reall y means for you. Retrieved from Harvard Business Review : https://hbr.org/2014/01/what -vuca -really -means -for -you