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Welcome to the Age of Uncertainty

Posted by Jeff Moad on Sep 17, 2014

Looking_Through_the_Key_Hole.jpgHow comfortable are you with uncertainty?

Most of us are willing to work very hard to build frameworks that explain the events taking place around us, and we want to stick with those frameworks, even as they prove to be flawed.

For most of us it’s much more difficult to embrace the notion that, at any point in time, we may not be able to understand all of the forces changing our world, much less predict what’s coming next. Making big decisions in an environment of increasing uncertainty can be unsettling to say the least.

Yet, that’s exactly what manufacturing leaders, more than most are being asked to do. Recently, the Harvard Business Review published a paper by three academics from BYU who set out to measure the level of uncertainty affecting different industries. Using a model that emphasized two factors—demand uncertainty and uncertainty introduced by the emergence of new technologies, the study identified the industries currently facing the greatest levels of uncertainty. Eight out of the top 10 were manufacturing industries.

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Welcome to the Age of Uncertainty  in The Adaptive Organization

Most of us are willing to work very hard to build frameworks that explain the events taking place around us, and we want to stick with those frameworks, even as they prove to be flawed. For most of us it’s much more difficult to embrace the notion that, at any point in time, we may not be able to understand all of the forces changing our world, much less predict what’s coming next. Making big decisions in an environment of increasing uncertainty can be unsettling to say the least. Read More →

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