This document discusses the concept of VUCA and business agility. It defines VUCA as volatility, uncertainty, complexity and ambiguity. It then discusses different frameworks for understanding change like the Cynefin framework. It provides definitions of business agility focusing on adaptability, flexibility and balance. It outlines different domains of agility from the organization level down to teams. Finally, it proposes a new definition of business agility as "the ability to improve/gain from continuous change."