Accendo Reliability

Your Reliability Engineering Professional Development Site

  • Home
  • About
    • Contributors
  • Reliability.fm
    • Speaking Of Reliability
    • Rooted in Reliability: The Plant Performance Podcast
    • Quality during Design
    • Critical Talks
    • Dare to Know
    • Maintenance Disrupted
    • Metal Conversations
    • The Leadership Connection
    • Practical Reliability Podcast
    • Reliability Matters
    • Reliability it Matters
    • Maintenance Mavericks Podcast
    • Women in Maintenance
    • Accendo Reliability Webinar Series
    • Asset Reliability @ Work
  • Articles
    • CRE Preparation Notes
    • on Leadership & Career
      • Advanced Engineering Culture
      • Engineering Leadership
      • Managing in the 2000s
      • Product Development and Process Improvement
    • on Maintenance Reliability
      • Aasan Asset Management
      • CMMS and Reliability
      • Conscious Asset
      • EAM & CMMS
      • Everyday RCM
      • History of Maintenance Management
      • Life Cycle Asset Management
      • Maintenance and Reliability
      • Maintenance Management
      • Plant Maintenance
      • Process Plant Reliability Engineering
      • ReliabilityXperience
      • RCM Blitz®
      • Rob’s Reliability Project
      • The Intelligent Transformer Blog
    • on Product Reliability
      • Accelerated Reliability
      • Achieving the Benefits of Reliability
      • Apex Ridge
      • Metals Engineering and Product Reliability
      • Musings on Reliability and Maintenance Topics
      • Product Validation
      • Reliability Engineering Insights
      • Reliability in Emerging Technology
    • on Risk & Safety
      • CERM® Risk Insights
      • Equipment Risk and Reliability in Downhole Applications
      • Operational Risk Process Safety
    • on Systems Thinking
      • Communicating with FINESSE
      • The RCA
    • on Tools & Techniques
      • Big Data & Analytics
      • Experimental Design for NPD
      • Innovative Thinking in Reliability and Durability
      • Inside and Beyond HALT
      • Inside FMEA
      • Integral Concepts
      • Learning from Failures
      • Progress in Field Reliability?
      • Reliability Engineering Using Python
      • Reliability Reflections
      • Testing 1 2 3
      • The Manufacturing Academy
  • eBooks
    • Reliability Engineering Management DRAFT
  • Resources
    • Accendo Authors
    • FMEA Resources
    • Feed Forward Publications
    • Openings
    • Books
    • Webinars
    • Journals
    • Higher Education
    • Podcasts
  • Courses
    • 14 Ways to Acquire Reliability Engineering Knowledge
    • Reliability Analysis Methods online course
    • Measurement System Assessment
    • SPC-Process Capability Course
    • Design of Experiments
    • Foundations of RCM online course
    • Quality during Design Journey
    • Reliability Engineering Statistics
    • An Introduction to Reliability Engineering
    • An Introduction to Quality Engineering
    • Process Capability Analysis course
    • Root Cause Analysis and the 8D Corrective Action Process course
    • Return on Investment online course
    • CRE Preparation Online Course
    • Quondam Courses
  • Webinars
    • Upcoming Live Events
  • Calendar
    • Call for Papers Listing
    • Upcoming Webinars
    • Webinar Calendar
  • Login
    • Member Home

by Greg Hutchins Leave a Comment

Living in VUCA Time

Living in VUCA Time

VUCA is an acronym for Volatility, Uncertainty, Complexity, and Ambiguity.  VUCA is the driver of most disruption in business.

I believe we live in VUCA time.  And, VUCA is changing how business is done:

  • Worldwide communication networks and computers facilitate aggressive worldwide competition.
  • Aggressive high-tech countries (ie. Singapore, Brazil, China, and Korea) grow in capability.
  • Outsourcing countries (i.e. India, and China) are growing middle class markets rapidly and compete vigorously to retain markets.
  • More competitors are emerging in many industries, at home and abroad.
  • Previously regulated (and protected) industries are deregulated (i.e. finance, banks, airlines, telecommunications, utilities).
  • Reinvented business alliances (using information technology) result in synergistic competitive strengths.
  • Competition is based on new business models.
  • Free trade agreements are being renegotiated and becoming more balanced.
  • Alliances among nations change the role of international competition, as in the European Community.
  • Customers have more online purchasing choices.
  • Increased competition results in over supply and lower margins.
  • Companies radically redesign processes to give higher customer satisfaction.
  • Companies with new structures and redesigned processes are faster to market.
  • Quality awareness causes customers to demand higher quality.
  • Rapid growth of new technology lead to newer business opportunities and render existing operations obsolete
  • New technology allows established markets to be attacked by new entrants.
  • Reengineered factories with ‘lean’ manufacturing challenge traditional factories.
  • New design (robotics, etc.) and manufacturing (3 D printing, etc.) technologies can quickly change the rules of competitiveness.
  • Products designed for automated fabrication drive down prices.
  • New product design to market cycles shorten.
  • Everything is speeding up because of computers, networks, supply chain risk management, lean, and just-in-time techniques.
  • Companies have less time to respond to new threats.

What else could you come up with?

Filed Under: Articles, CERM® Risk Insights, on Risk & Safety

« Case Study: Creating a Spare Parts Purchase List with Confidence
Bronze — Use the Right One in the Right Place »

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

CERM® Risk Insights series Article by Greg Hutchins, Editor and noted guest authors

Join Accendo

Receive information and updates about articles and many other resources offered by Accendo Reliability by becoming a member.

It’s free and only takes a minute.

Join Today

Recent Articles

  • What is Six Sigma and How is it Used in Quality Engineering?
  • Terrorism Risk Insurance Act Exclusions: Gray Coverage Areas
  • Why Total Productive Maintenance Is The Answer To Reliability-Centered Culture
  • 17 Powerful Insights on Effective Communication Using FINESSE
  • Surprising Insights from Simple Run Charts

© 2023 FMS Reliability · Privacy Policy · Terms of Service · Cookies Policy

This site uses cookies to give you a better experience, analyze site traffic, and gain insight to products or offers that may interest you. By continuing, you consent to the use of cookies. Learn how we use cookies, how they work, and how to set your browser preferences by reading our Cookies Policy.