Magazine article
Brittle, Anxious, Nonlinear, and Incomprehensible: Welcome to the ‘BANI’ world
Fortune
05 Nov 2024
Abstract
Welcome to the BANI world—Brittle, Anxious, Nonlinear, and Incomprehensible. This new paradigm has replaced the familiar VUCA (Volatile, Uncertain, Complex, Ambiguous) framework. The shift from VUCA to BANI is evident in three key areas. First, the speed of change has accelerated dramatically. While VUCA acknowledged constant change, BANI recognizes the increased velocity of change. Second, BANI acknowledges the complexity created by the interconnectedness of our global systems. In a deeply intertwined world, risks are nonlinear and contagious in ways that are often unpredictable. Finally, the emotional impact of change has intensified. BANI highlights the widespread anxiety and polarization of our era, in which responses can accelerate crises.
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Details
- Title
- Brittle, Anxious, Nonlinear, and Incomprehensible: Welcome to the ‘BANI’ world
- Creators
- Raj L GuptaLisa Woods - Drexel University, Center for Corporate GovernanceMukul Pandya - University of Oxford
- Publication Details
- Fortune
- Resource Type
- Magazine article
- Language
- English
- Academic Unit
- Center for Corporate Governance
- Identifiers
- 991021934315704721