There’s not an executive on the globe who hasn’t realized the important of navigating a volatile, uncertain, complex, and ambiguous (VUCA) business environment. But are you ready to respond to the next big disruption?
Sit down and ask yourself the following questions – they make up the basics of the LACE framework for navigating times of uncertainty. LACE stands for four pillars of action: learn, adapt, collaborate, and experiment. These are the questions you should be asking to test your readiness.
Learn
Adapt
Collaborate
Experiment
If you regularly revisit these questions with your team and work on building the four pillars, you will become ready to handle whatever is around the next corner.
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Further reading:Â
The LACE framework: How to effectively respond to a rapidly changing environment by Louise Muhdi
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