Corporate, Enterprise or Workplace metaverse
- VUCA
Corporate and Enterprise Metaverse is in the age of VUCA, Cyberwisdom is the thoughtful leader in forming new metaverse ecosystem in VUCA stage
Corporate, Enterprise and Workplace Metaverse is the perfect description of VUCA.
V
Volatility
Nature and dynamics of change, and the nature and speed of change forces and change catalysts.
U
Uncertainty
Lack of predictability, the prospects for surprise, and the sense of awareness and understanding of issues and events.
C
Complexity
Multiplex of forces, the confounding of issues, no cause-and-effect chain and confusion that surrounds organization.
A
Ambiguity
Haziness of reality, the potential for misreads, and the mixed meanings of conditions; cause-and-effect confusion.
In Deloitte’s “Global Human Capital Trends” survey, 80 percent of respondents agreed that the century has imposed new requirements on business leaders due to VUCA, opportunities of Corporate, Enterprise or Workplace Metaverse will even make this more challenging.
Among these respondents, 81 percent cited the ability to lead through more complexity and ambiguity, followed by leading through influence, managing remotely, managing a workforce that combines humans and machines, and leading more quickly.
Corporate, Enterprise or Workplace metaverse technologies that are amplifying change are also the tools to manage enterprise breakthrough more effectively.
Each of these requirements reflects elements of our connected and digital lives. Together, Corporate, Enterprise or Workplace metaverse development is the best described as “VUCA” world that directly challenges the way leaders develop stability and direction for their businesses.
VUCA stands for volatility, uncertainty, complexity, and ambiguity.
Volatility is the dynamic rate of change
Uncertainty is a lack of predictability and information
Complexity describes interdependent systems that do not exhibit clear cause and effect
Ambiguity acknowledges the difficulty of accurately assessing reality in a complex and volatile landscape.
Metaverse will undergo extremely rapid change everyday, with the huge investment from global leaders, Meta (formally Facebook, Microsoft, IBM, Roblox, Sandbox and tens of dozens of Metaverse platform), every company has its own development strategy.
VUCA is dynamic and situational—sometimes things can be fairly clear but then suddenly shift due to outliers, adjacencies, and disruptions. Arguably, leaders today face an extended period of rising VUCA and should have insight on Corporate, Enterprise or Workplace metaverse.
The elements of VUCA are not new but the modern world has amplified them. Amid globalization, instantaneous communications, and innovation ecosystems, leaders are more challenged by continuous change. Twentieth-century tools for a structured and predictable world are becoming less capable. Command-and-control management styles appear rigid, unresponsive, and fragile.
In the Deloitte “ Global Human Capital Trends” survey, respondents have tapped into the ways that technology has changed the map. Leading through influence is more powerful in a world of hypermedia. Savvy leaders can make impacts by effectively communicating values and vision, both internally and externally. Leaders should also consider how to influence points of potential and design for emergent outcomes.
Remote management responds to globalized skills, markets, and ecosystems. An effective business finds talent and opportunity anywhere it can, often where it costs the least. Leaders should be comfortable directing across such networks and securing trust without physical proximity.
Distributed businesses respond to softer hierarchies and empowerment of teams to act effectively on their own.
This extends to non-humans. A complementary workforce of humans and machines can automate, innovate, and predict at greater scale and complexity. While automation can free leaders from overseeing routine tasks, machine intelligence can help them reckon with complexity.
Business leaders should continuously develop their own technology savviness to make stronger decisions about costly transformation. Conversely, providers of such services should earn that trust.
Continuous change often requires fast decisions. Corporate, Enterprise or Workplace metaverse need clear lines of approval and setting thresholds for when a decision needs to be escalated can shorten the time to action. Companies that are extremely responsive to sudden brand assaults on social media often gain greater brand loyalty.7 This is where technologies can sense change and inform responsiveness. For example, customer relationship management solutions can use artificial intelligence to predict customer churn before it happens.
When change is the only constant, leaders should develop the ability to quickly understand and adapt. Businesses can expand their sensing capabilities—from data analytics and machine learning, to leveraging sales teams and technical support at the edges of the business. Agile feature implementations can also act as market probes to sense how well they meet customer needs.8
Twenty-first-century leadership may demand greater risk tolerance. A VUCA world almost demands failures, but these can be narrow, measured, and, most important, used to get better information and reduce uncertainty and ambiguity. Leaders may be well-served by anticipating change around every corner, modeling scenarios, and developing agile and adaptive responsiveness, both in their thinking and across their business.
VUCA
Volatility, Uncertainty, Complexity and Ambiguity
We do not have much control over the events that are happening in the world. Besides the profound changes caused by the Pandemic itself, there are also the unintended consequences of the accelerated development of new technologies, the proliferation of military conflicts and more frequent natural disasters caused by Climate Change and Global Warming.
As an individual in January 2022 this probably means that you have dozens of friends and acquaintances who were recently sick with Covid, that you don’t really understand all the implications of NFTs and the Corporate, Enterprise or Workplace metaverse.
Opportunities in an enterprise VUCA world
These are some of the ways we can benefit from a VUCA world:
Ambiguity
In order to face ambiguity we need more analysts, people who are able to interpret the reality and provide actionable insights. It is a very valuable skill to be able to foresee the consequences and implications of the decisions being made.
Volatility
Uncertainty
Complexity
In a complex world we need more experts that are able to provide guidance and orientation to others. The more complex a subject is, the more scarce are the people who really understand it, and thus they become more valuable professionals.
People who are willing to take the risks may obtain big profits from their investments. When someone leaves a stable corporate job to found a startup company, this person is embracing uncertainty by focusing on the potential of a huge reward.
The fast changes create lots of new opportunities. In particular the development of new technologies enables the implementation of new business ideas that were impractical in the past, and renders previous business models obsolete.
V
U
C
A
In general, companies will need qualified professionals to help them deal with all these new forms of volatility, uncertainty, complexity and ambiguity. These roles cannot be automated before these professionals define new processes.
Conclusion
It is a fact that we will live in an even more VUCA world and business leaders also have to adapt the coming of Corporate, Enterprise or Workplace metaverse that is going to change the world business operation.