Author
Dr. Manoj Joshi is a Fellow Institution of Engineers, Professor of Strategy, Director, Centre for VUCA Studies, Amity University, with 30+ years of experience in industry & research. He has authored 100+ articles, co-authored four books “VUCA in Start-ups” “The VUCA Company”, “The VUCA Learner”, “Technology Business Incubators” and is also on the Editorial Board of several international refereed Journals.
The ability to foresee a future arriving at the democratisation of a close-ended start-up ecosystem fuelled the business and today Venture Catalysts have taken the leadership pole position in start-up investments and incubation, by democratising the start-up ecosystem
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Therefore, the majority of entrepreneurial firms should rally on being highly innovative. They should continue possessing and harnessing upon dynamic capabilities. They mantra of being competitive banks on their persuasion for innovation, which is their primary success engine
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A business environment characterized by VUCA components is the new normal. Enterprises that are VUCA ready will find it easier to sail through the turbulent and chaotic business environment.
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An important stage in launching a startup is its entrepreneurial initiative, which can be understood as an ability to turn ideas into action. For entrepreneurial initiatives, innovation and creativity are highly critical skills
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Researchers are convinced that entrepreneurship is an act of a pursuit of an opportunity and capitalising upon the journey without major emphasis and consideration for resources.
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To gain perspective in the Indian context, it’s worth recalling that even the Gods had to churn the cosmic ocean to get the elixir!
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Venture Catalysts equipped itself with a flexible structure to mitigate the VUCA business environment by assimilating within its ecosystem investors, micro firms, legal and financial experts.
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Creativity is needed to produce unthinkable solutions to a problem; on the other side innovation is an act of implementing creativity in finding solutions.
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The role of entrepreneurship in innovation driven economies is quite clear. Higher the rates of innovation, higher the rates of entrepreneurial births taking place for absorption and diffusion of the new technologies.
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Learning advance technologies and new methods of business operations, interpreting the plans of the competitors and focusing on the improvement areas of business working are compulsory to operate in VUCA conditions.
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