?? STRATEGY in UNCERTAIN WORLD

?? STRATEGY in UNCERTAIN WORLD

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?? #STRATEGY in #UNCERTAIN #WORLD

??? Strategy should bring clarity to the unique direction of a business. And in a turbulent world, 3 aspects of strategy need to be strengthened: Culture Behaviors, Strategic Frameworks, and Technology Tools.

?

?? 1. CHANGE CULTURE BEHAVIORS

Change Culture Behaviors

?

??? Refresh Mindsets

? Show curiosity, and welcome new information with an open mind.

? Challenge conventional wisdom (usually wrong) and constraints (usually false).

? Switch from a “know-it-all” to a "learn-it-all" culture.

?

??? Adopt New Roles

? Broaden the CSuite's strategic bandwidth.

? Be the architect at the center of a network of specialists.

? Draw in their expertise and embrace that of AI analytics.

?

??? Facilitate New Strategic Dialogue

? Creatively involve diverse stakeholders to mitigate groupthink.

? Crowd-source ideas to understand the unarticulated needs of customers.

? Collate and analyze quality internal and external data to inform the strategy.

?

?? 2. EXTEND STRATEGIC FRAMEWORKS

Extend Strategic Frameworks

?

??? Build Foresight Capability

? Develop the ability to sense, shape, and adapt to (even unexpected) events.

? Create an alert and agile state of readiness, and know when to act.

? Use this approach (versus “common/best” practices) to gain strategic insights.


??? Exploit and Explore

? Exploit existing capabilities, explore new opportunities, and conjoin them.

? Make conjoint decisions, using shared resources and reassigning talent.

? Use foresight gained from researching AI to improve the existing business.

?

??? Develop Digital Ecosystem Platform

? Explore Digital Ecosystem Platform (DEP) opportunities.

? Determine your role: orchestrator or partner.

? Focus on shared stakeholder value creation.

?

?? 3. POWER UP the TECHNOLOGY

Power Up the Technology

?

??? Strategy Software-as-a-Service (SaaS)

? Run scenario simulations to make strategy more real and enriching.

? Provide participants with a shared language to improve effectiveness.

? Analyze and identify where causality is linked to decisions.

?

??? Adopt AI as a New Strategic Teammate

? AI will play a prominent role to augment the human strategy process.

? AI data analysis uncovers new correlations to enrich strategic thinking.

? AI analyzes customer behavior to determine best CX strategies.

?

?? IN SUM …

??? Future leaders and strategists need to form a more wholesome culture, and have a greater appreciation of the potential of ecosystems, and especially of #QAIMETA technology.

?

Source: Condensed, adapted, modified from link. Infographic is mine. https://www.strategy-business.com/article/Practicing-strategy-in-an-uncertain-world


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Frank Feather

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Geoff Hudson-Searle

Independent Digital Non-Executive Director, C-Suite Executive, Serial Business Advisor for Growth-Phase Tech Companies, and Best Selling Author

2 年

A really great post Frank, the past few years have seen unprecedented disruptions, and companies are finding it nearly impossible to plan for the future. Such a volatile environment requires a new approach to devising strategy. Turning a world of uncertainty into a world of possibility requires a change of perspective, a new mindset on the part of business leaders. Companies need a different approach to devising strategy, one that relies less on looking at what the company can do and more on imagining what it could do and then doing whatever is necessary to make that possible, however much it goes against past assumptions and established practices. Challenges abound, companies are finding it nearly impossible to plan for the future. Such a volatile environment requires a new approach to devising strategy.

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Frank Feather

??LinkedIn "TOP VOICE" ?World-Leading Futurist ?Inspiring Keynotes ?Future-Proof QAIMETA (Quantum-AI-Metaverse) Strategy Consultant ?Board / C-Suite Advisor ??Global Village DEI Cosmologist

2 年

Thanks for liking this Aryeh-Leib ?? Toren (Thorne)

Radhika Jethlia Bhutra

Marketing Manager at Arsène | Social Media & Growth Strategist | PR & Personal Branding Expert | Building Brand Visibility & Engagement | LinkedIn & X Growth | Creative Mind Behind TweenMind Brandcast Studio

2 年

Timidlly, Inc. provides solution regarding Open AI that integrate in your current workflow so that you can track your audience effectively. Fill this form to streamline your business. Form Link : https://lnkd.in/d7W9KGnA Our CEO - https://www.dhirubhai.net/in/thesomitrasr

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Frank Feather

??LinkedIn "TOP VOICE" ?World-Leading Futurist ?Inspiring Keynotes ?Future-Proof QAIMETA (Quantum-AI-Metaverse) Strategy Consultant ?Board / C-Suite Advisor ??Global Village DEI Cosmologist

2 年

Thanks for liking this Elliot Lewis Glickman

Frank Feather

??LinkedIn "TOP VOICE" ?World-Leading Futurist ?Inspiring Keynotes ?Future-Proof QAIMETA (Quantum-AI-Metaverse) Strategy Consultant ?Board / C-Suite Advisor ??Global Village DEI Cosmologist

2 年

Thanks for liking this Stanley Chen

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