Posted under Entrepreneurship
from 1867 days ago

VUCA is an acronym developed by the U.S. Army War College in the late 1990's to describe their view of the future strategic environment.  

It stands for volatility, uncertainty, complexity and ambiguity and we think this group of words does a pretty good job of describing today's business environment.

We also think this operating environment explains why a lot of small businesses are not hiring additional employees.  Things are simply too uncertain and too volatile to take on additional risk.

Accounting Today's Private Companies Too Nervous to Hire covers a survey on private company hiring conducted by SageWorks.  The chart below shows their results.  

What's interesting is the two biggest responses both relate to VUCA.  31.7% of the respondents are worried about the economy in general and 21.7% are more risk adverse due to the Great Recession. Also interesting is the 3rd largest ...


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