The level of uncertainty experienced over the past three years is unprecedented, bringing far-reaching implications for individuals, teams and organisations. We find ourselves having to cope with complexities including new ways of working (including hybrid), shifting expectations, automation, increasing use of AI, economic challenges, and health concerns.
Over the last six years, companies have had to grapple with five major “uncertainty shocks”: First it was Brexit in 2016, followed by the U.S. presidential election, China-U.S. trade-tensions, the Covid-19 pandemic, and in 2022 the Ukraine war.
These shocks reflect a new normal of greater global turbulence, driven by domestic and international political fragmentation. And these are subtly different from the economic shocks that executives may be more used to thinking about (HBR, 2022).