VUCA stands for volatility, uncertainty, complexity and ambiguity. It describes the turbulent environment businesses operate in globally due to factors like increased competition and changing customer needs. Linear programming helps companies find optimal solutions amid this VUCA world. Friendly Tours & Travels wants to launch a domestic airline. As their corporate strategist, guidance would include performing thorough market research and financial projections to understand viability, developing strategies to mitigate risks from this complex venture and gain investor confidence given their experience in tourism.
VUCA stands for volatility, uncertainty, complexity and ambiguity. It describes the turbulent environment businesses operate in globally due to factors like increased competition and changing customer needs. Linear programming helps companies find optimal solutions amid this VUCA world. Friendly Tours & Travels wants to launch a domestic airline. As their corporate strategist, guidance would include performing thorough market research and financial projections to understand viability, developing strategies to mitigate risks from this complex venture and gain investor confidence given their experience in tourism.
VUCA stands for volatility, uncertainty, complexity and ambiguity. It describes the turbulent environment businesses operate in globally due to factors like increased competition and changing customer needs. Linear programming helps companies find optimal solutions amid this VUCA world. Friendly Tours & Travels wants to launch a domestic airline. As their corporate strategist, guidance would include performing thorough market research and financial projections to understand viability, developing strategies to mitigate risks from this complex venture and gain investor confidence given their experience in tourism.
1)what is VUCA? Explain the impact of VUCA on globalization by giving
suitable examples.
2)The whole world appears chaotic nowadays because of which the
industry challenges are growing multi fold when it comes to launch of the New business venture, New product introduction, increasing the MS of existing products amidst intense competition or preventing the de-growth of existing products as well as new introductions.
Linear programming enables industries &firms to find optimal solutions
to economic decisions.
Friendly Tours &Travels Ltd is a tourist company which is having
revenue of Rs 2000crs. They operate on 5% Net margins and are there in the tourist business for last 20 years. They wish to enter aviation sector (want to launch domestic low cost airlines ) and they are confident of getting investors since their share price is in the range of Rs 425-Rs 450.They could deal successfully with the Indian aviation ministry and the ministry has also granted them the required permissions & license.
They have hired you as a corporate strategist. What will be your