Criticality of Change Leadership to Business Survival in a VUCA Environment

Description

This book is based on research Elton did to ascertain how critical change leadership is to business survival in a volatile, uncertain, complex, and ambiguous (VUCA) environment. The study focused on a select group of Zimbabwe Stock Exchange (ZSE)-listed companies in the COVID-19-affected period of March to December 2020, inspired by the growing pressure that 21st-century VUCA environments are exerting on business in general. It sought to verify the extent to which change leadership practice could mitigate VUCA’s adverse impacts on business viability. The research found that change leadership was wide and common practice in the studied firms during the COVID-19 era and that most change leadership interventions were highly feasible and effective. It also revealed that, besides change leadership, other factors also largely accounted for the survival of the firms during the pandemic. The study recommended the establishment of business-led corporate sector resilience initiatives to empower local businesses to sustain themselves against growing VUCA pressures, noting that this could also boost potential investor confidence in the Zimbabwean business sector.