Competencies of top management, and the needs of 21st century enterprises in a VUCA world

Abstract

Modern management styles are a response to the changing environment, chaos, turmoil and reality, including generational changes and the resulting different requirements and approaches to reality. Therefore, it is obvious that more and more is expected from leaders. In the countries of the European Union the necessity of changes is being noticed not only in the environment, but also in all areas of economic life, management, social relations and political conditions. More and more often we hear about the "new normal", about a chaotic and uncertain reality in which the old, known and liked solutions cannot be used. All this has to do with the new challenges and modern approaches emerging in organizations, which are forced by, among other things: the new space of state devices, diversity of generations, digitalization, globalization and technological acceleration. Every day we witness the appearance of a huge amount of new information and it is increasingly difficult to select those most important for the organization. Permanent change makes marketing strategies and the whole strategic planning process shaky. Practically, in the world of managers, the statement "the world has gone mad" or "the world is standing on its head" is no longer used, more often we hear "VUCA World".