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From the CEO/MD’s desk
Lieutenant General Arjun Ray, PVSM, VSM (Retd.)CEO/MD
Given the rate of obsolescence – jobs, technology and knowledge; rapid change; and acceleration, we are living in a world that is increasingly becoming VUCA (volatility, uncertainty, complexity and ambiguity).
We are finding it extremely challenging to:
Adapt to this phenomenon
To pause, and reconnect with ourselves
Be innovative to re-skill and reinvent ourselves
Prevent early burnout.
Adaptability is the greatest challenge we face; it is more relevant than Intelligence Quotient. Of the Future 500 companies in 1955, only 61 (or 12 %) remained in 2014. 88 % were bankrupt, merged, or financially unviable. Today’s life expectancy of Fortune 500 is 15 years. Only those who are best in what they do will survive.
Of the several methods of becoming adaptable, the master strategy lies in pursuing a higher purpose in life.
Everything around you and beyond you will change. The one thing that will not change is the vision. Vision is derived from purpose. Most live their lives as a series of events, accidents and reactions. Fulfilment and the ability to lead through VUCA will come from purpose for someone or something greater than ourselves. It is the purpose that gives meaning; and meaning in turn gives us a vision. Without a vision we may perish.
With warm regards,