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Volatility (Vulnerability), Uncertainty, Complexity and Ambiguity - Framework by Virtuos VUCA

TRANSFORMING IN TOUGH TIMES

The world has not come to an end. Pandemics aren't your usual business disruption.

VUCA - Volatility, Uncertainty, Complexity, and Ambiguity has a new framework to transform into new "VUCA" - Virtuosity, Ubiquity, Continuity, and Adaptability in the tough times.

Unfolding over months, these critical events require an extra set of activities that include consultations with epidemiologists, critical role identification, and third-party evaluations.

Vuca Diagram

ORGANIZATION’S RESILIENCE RISKS

Businesses must understand the limitations and interdependencies of every aspect of risk that can affect their ability to be resilient.

Although IT managers are naturally most concerned about computer risks, remember that the biggest risk that any company takes relates to the market.

Can it sell a product that is compelling enough to generate enough profit to maintain a viable business? Nothing else is more important. The next most important risk relates to the availability of capital and cash flows.

  • Environmental
  • Natural Disasters
  • Facility
  • Country
  • Biohazard
  • Biological Disease/Pandemic
  • Geopolitical
  • Social Unrest/Networking
  • Information Technology
  • Cybersecurity
  • Legal and Regulatory
  • Third Party
  • Business Process
  • Separation of Duties
  • Workforce
  • Corporate Culture
World Corona Map

Virtuos VUCA framework can help you
Get started with Business Continuity

The unabated Coronavirus crisis is crippling the economy with new threats.

We can help mitigate your business risk

PANDEMICS: A BCM SCENARIO

Business Continuity Management (BCM) is defined as the process to coordinate, facilitate and execute activities that ensure effectiveness.

STEPS:

  • Identifying and mitigating operational risks before they occur;
  • Responding to disruptive events (natural and man-made, accidental and intentional);
  • Recovering mission-critical business operations after disruptive events; and
  • Conducting an event post mortem to improve future recovery operations

BCM is composed of emergency response/management (dynamic and situational), crisis management, IT disaster recovery management (IT DRM), business recovery, contingency planning (all scenario-based planning efforts) and supply chain availability.

BCM Scenario Diagram

BUSINESS CONTINUITY MANAGEMENT
PROGRAM PHASES

Organizational Resilience Program Diagram
Business Cntinuity Management Program

Preparedness

This first phase of an organizational resilience program includes activities related to identifying all organizational risks and assessing their potential impact on the organization.

Mitigation

This second phase of an organizational resilience program includes activities related to reducing organizational risk through the elimination of the risk, or reducing the business impact of the risk if it is exploited.

Response

This third phase of an organizational resilience program includes activities related to responding to an organizational risk that disrupts business operations.

Recovery

This fourth phase of an organizational resilience program includes activities related to recovering business operations after a business disruption.

Restoration

This fifth phase of an organizational resilience program includes activities related to returning the organization to a state of "new normal" after a business disruption.

ExperiencCEO
Venky Vijay Reddi

Hi, I'm the ExperienCEO of Virtuos, a leading CX and Digital Transformation Company.

At Virtuos, we have created powerful VUCA framework useful for small And medium organizations.