AT a recent Finex (Financial Executives Institute of the Philippines) conference, Amit Dalmia, senior managing director of Blackstone, declared that the conditions we are experiencing are unprecedented and "there are now weeks when decades happen."
This also reminds me of Lawrence Summers' remark that "the world is on fire." Dalmia was referring to the fact that things are developing so fast that he suggested that the VUCA world that we have gotten used to may have transcended into BANI. Recall that the made-up word VUCA is composed of four terms: volatility, uncertainly, complexity and ambiguity. It was used to describe the radically changed environment, and how leaders and companies have to adapt to the changing landscape.
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