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Title: Organizational Resilience, Dynamic Leadership, Responsible Management and the Impact of VUCA: A Theoretical Framework
Authors: Rehmat Ullah Khan, Sajjad Afridi
Journal: South Asian Review of Business and Administrative Studies (SABAS)
Publisher: Islamia University, Bahawalpur
Country: Pakistan
Year: 2023
Volume: 5
Issue: 2
Language: English
Keywords: Organizational resilienceResponsible managementDynamic leadershipVUCA (volatilityuncertaintycomplexity & ambiguity)
The evolving domain of Responsible Management (RM) generally accentuates upon the combination of sustainability, responsibility, and ethics in managerial practices. Whereas modern managerial practices are comprehended as a fine amalgam of diverse elements including human capital and acumen, complex machineries and materials, methodological processes and practices. However, the impact created by abrupt economic dynamics, changing social needs, time-sensitive informational factors and in-time decision making in relation to corresponding environment characterized by volatility, uncertainty, complexity & ambiguity (VUCA) cannot be kept aside. Hitherto, the emerging trend identified in the recent past reveals that everything around us seems to be in a state of continuous flux. We are entombed in the vortex of an unending cyclone of change. Therefore, there is a dire need to understand the role of dynamic leadership in volatility, uncertainty, complexity and ambiguity inherent in the environment we are dwelling in, to analyze the challenges offered by them and to finally explore the solutions to overcome these challenges in the realm of Responsible Management (Singh & Sharma, 2022). Present study seeks to fill in this gap, using qualitative methodology, by offering a theoretically grounded framework to integrate organizational resilience, dynamic leadership and responsible management.
To offer a theoretically grounded framework that integrates organizational resilience, dynamic leadership, and responsible management, using a qualitative methodology based on a comprehensive literature review.
Qualitative approach based on a comprehensive literature review. Literature selection criteria included papers indexed in Web of Science, Scopus, and Google Scholar, published between 2010 and 2023. Search phrases included "Responsible Management," "Dynamic Leadership," and "Organizational Resilience."
graph TD;
A["Literature Review"] --> B["Identify Relevant Articles"];
B --> C["Filter Articles by Date: 2010-2023"];
C --> D["Analyze and Synthesize Literature"];
D --> E["Develop Theoretical Framework"];
The paper discusses the impact of VUCA on organizations, leadership, and management, highlighting the need for visionary dynamism, clear decision-making, performance risk-taking, and interpersonal risk-taking. It emphasizes that responsible management practices, scenario planning, risk management, flexibility, and collaboration are essential for preparation and adaptation. Dynamic leaders are crucial for making decisions with incomplete information, communicating effectively, and responding quickly to changes. Responsible management ensures ethical and sustainable operations, considering all stakeholders and integrating CSR. The combination of dynamic leadership and responsible management is essential for sustainable and progressive development.
The study proposes a theoretical framework integrating organizational resilience, dynamic leadership, and responsible management to navigate the challenges of a VUCA environment. Dynamic leadership and responsible management are crucial for organizations to adapt, mitigate risks, engage stakeholders, promote sustainability, make ethical decisions, and embrace innovation in a volatile, uncertain, complex, and ambiguous world.
VUCA presents challenges for responsible management, including risk management, stakeholder engagement, environmental sustainability, and ethical decision-making. To overcome these, organizations must adopt responsible management and foster dynamism in practices like risk assessment, stakeholder engagement, sustainable business practices, ethical decision-making, and embracing innovation. This creates a resilient and purpose-driven business model. The future demands a combination of dynamic leadership and responsible management for sustainable and progressive development, prioritizing stakeholder needs, employee development, sustainable practices, and leveraging technology and innovation.
* A Deloitte survey indicates that 72% of executives believe their organizations operate in a VUCA environment.
* A Harvard Business Review study found that companies with strong ESG performance outperformed their peers financially.
* The study reviewed articles published between 2010 and 2023.
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