Total Shareholder Return | Glossary

Definition:

Total Shareholder Return (TSR) factors in capital gains and dividends when measuring the total return generated by a stock to an investor. TSR is the internal rate of return (IRR) of all cash flows to an investor during the holding period of an investment. Whichever way it is calculated, TSR means the same thing: the total amount returned to investors.

Further Reading:

Book: Playing to Win by A G Lafley and Rogel L. Martin

VUCA | Glossary

Definition:

VUCA is an acronym that stands for volatility, uncertainty, complexity and ambiguity, a combination of qualities that, taken together, characterize the nature of some difficult conditions and situations.

Volatility is the quality of being subject to frequent, rapid and significant change. In a volatile market, for example, the prices of commodities can rise or fall considerably in a short period of time, and the direction of a trend may reverse suddenly. Uncertainty is a component of that situation, in which events and outcomes are unpredictable. Complexity involves a multiplicity of issues and factors, some of which may be intricately interconnected. (Some models also include chaotic, making the acronym VUCCA.) Ambiguity is manifested in a lack of clarity and the difficulty of understanding exactly what the situation is.

Further Reading:

Book: Playing to Win by A G Lafley and Rogel L. Martin