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Check out our snippet from our last Strategy Collaborative session on implementing AI into your strategy! Dan Hogan and Marc LeShay unearthed a lot of great questions, like this one: "What are some of the biggest risks of AI?"
The answer may surprise you!
Dan brought up two potential points of risk for integrating AI into your strategy, like keeping up with the pace of development and ensuring you have a strong understanding of AI's capabilities. He also brought up some key points to ensure you can manage those risks.
P.S. If you're interested in learning more on the topic of implementing AI into your strategy, join our Q&A session tomorrow with Dan and Marc where we'll cover where you can fit AI into your strategy, how AI should influence your growth strategy, and best AI operational processes to support business growth. You don't want to miss it!
Sign up by clicking this link: https://onstrategyhq.com/strategy-collaborative/
07/14/2023
There is much more to building a strategic plan than selecting the proper framework. Read our article and the accompanying video about building a strong strategic framework, ensuring your strategic objectives meet the right criteria, and ultimately creating an actionable strategic plan. Click the link below to read more!
Building Your Strategic Framework In this video we'll talk about how to build a strategic framework. We will review what makes a good strategic objective, and how to build a plan framework so your strategic plan is actionable. Play Watch the video Let’s talk strategic objectives. This is the second segment in a two-part series. He...
06/06/2023
In many beginning stages of the strategic planning process, knowing if having "business as usual," conversations or "strategic" conversations can be challenging.
Knowing if you're making the right strategic decisions is even harder.
Here are a few simple questions to ask yourself to determine if the conversations your team is having will help create the future. If you can answer "yes" to any question, jump to question 6!
-Does your idea create the future, or is it something new?
Strategic thinking makes teams act from the future.
-Does it leverage the megatrends in your industry?
Megatrends will impact your organization, so push your team to dive into the future to be proactive instead of reactive.
-Does it double down on what makes your organization successful?
The idea must center around why you win and how you could win to create a sustainable competitive advantage.
-Does it determine new frontiers for growth?
Can this path be sustained and lead to smart growth?
-Does it get your team moving where inaction is risky?
Will not acting on the issue harm your long-term sustainability? If so, it is strategic to move forward and address it.
-Is it ready to move forward?
Does your team have focus and commitment, and does your plan have scalability and sustainability? If so, then you're ready to move on with your idea.
To read the rest of our post and download the guide, follow the link below: https://onstrategyhq.com/resources/is-it-strategic-a-free-downloadable-guide
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