All these elements exist in our day-to-day business environment, but they are not always 100% and they tend to change rapidly. Hence, they are in a mix. Critical to any organization’s success is to navigate through this mix and here is where we could help through our consulting experience.
Cause and effect connections are difficult to make in a networked world. When the same inputs have vastly diverse effects on the system's responses, we deal with complexity.
Ambiguity is characterized by the absence of any discernible causal links and the impossibility of conclusively interpreting a situation using an algorithm with a finite number of stages.
Volatility is a concept that is frequently used in the context of change. Significant jumps over time may be used to gauge how quickly the environment is changing.
The future is getting harder and harder to predict. The inability to accurately analyze a situation or see obstacles and possibilities results from uncertainty.
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