OnStrategy

👋 The Virtual Strategist [AKA Erica Olsen] is back with a fresh new series on YouTube! 🤖 AI is at the top of everyone's strategic priorities for 2024 [and probably 2025]. To help leaders like you navigate the world of AI strategically, we'll release tons of new AI strategy content in the coming weeks and months. So, what exactly is an AI strategy? Why do you need one, who should help create it, and what framework should you use? 💪 We've got you covered! Head over to YouTube to subscribe for the latest from us! -> https://lnkd.in/gHMYQ4zx 🚀🚀 Oh, and we'll put our AI strategy and roadmapping exercises on the Miro soon! Stay tuned!!!

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More from our fearless leader Erica Olsen.

AI is at the top of everyone’s mind lately, and for good reason. It’s everywhere... and it's not going away anytime soon! AI is at the top of everyone’s mind lately, and for good reason. It’s everywhere... and it's not going away anytime soon! This is why you and your team must determine how to use AI effectively and ethically. Anyone can just throw together a bunch of tools and tricks and call it an "AI strategy." [PS - it's not!] Building an organizational AI strategy to be a mission multiplier means having ethical standards and a comprehensive approach to how AI will transform your organization - not just bolt-on tools for process improvements. The first step is getting your governance in place. Lucky for you, we have you covered! Continue watching our video for a 4-step, easy-to-follow AI governance blueprint. You can also read our companion article on Building Your AI Governance Blueprint: https://lnkd.in/gzYigbVT And be sure to tune in as we cover using AI as your organization's mission-multiplier!  Our next session will be January 4th and we'll be discussing the 'People Factor' of AI! https://lnkd.in/gVg9CRgW

A few weeks ago, we hosted a Master class AI strategy and disruptive technology. What is disruptive technology, you may ask? It's an innovation or technology that significantly shifts or alters how consumers, businesses, or industries operate. AI has undoubtedly taken the world by storm. If you're worried about how AI technology may potentially disrupt your industry (for better or worse), here are 3 tips for maintaining perspective in the face these huge changes: —Diversify, and don’t try to time the market. There isn’t a way to know how rapidly or slowly tech will change, and the best you can do is invest in a way that makes sense for your business or organization. —Don't change who you are. Change how you think. Look at Kodak as an example. The advent of digital photography shook up the traditional film camera industry. But Kodak decided to change with the times. They are no longer a company that merely sells film and film cameras. With the adoption of digital photography and equipment, the company has shifted. They market themselves now as a company that helps capture and celebrate memories, in any form that takes place today and in the future. —Don't abandon business fundamentals. Technology may change and transition, but the tried and tested business principles endure. Regardless of what technology you adopt, always stay grounded in the fundamentals. Read our blog for more tips on how your organization can adapt and thrive in the face of AI and other technological changes! Click the link to learn more! https://lnkd.in/gQb9Cfa9

Check out our snippet from our last Strategy Collaborative session on implementing AI into your strategy! Dan Hogan and Marc LeShay at AEGERIA 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://lnkd.in/ejsesxtr

Hey strategy experts and professionals! Do you find yourself feeling overwhelmed with all the changes in AI and operational advancements? Do you want to learn how to leverage AI for your growth strategy in 2024, but are not sure where to start? If so, then join us tomorrow morning at 8 a.m. while we discuss how to identify your 2024 AI strategic moves with AEGERIA's Dan Hogan and Marc LeShay, two AI and strategy experts with over 25 years in the industry. P.S. We have changed our subscription structure for the Strategy Collaborative, and now both monthly sessions are completely FREE! Join us every first and third Thursday of the month LIVE! Sign up with the link: https://lnkd.in/ejsesxtr

Hey strategy experts and professionals! Do you ever feel like you're leading alone? Like you don't have someone to turn to when it comes to organizational strategy, OKRs, and organizational performance. I mean, we know you can't talk strategy at the family BBQ. Well, that's why we created the Strategy Collaborative - a community of leaders and strategy professionals coming together to solve the biggest challenges we face :as leaders today. Our collaborative community is free to join! We meet every first Thursday at 8 AM and third Thursday at 10 AM to discuss all things strategy! So grab your coffee and join us! Click the link to learn more: https://lnkd.in/ejsesxtr

How can you use purposeful communication for strategy rollout? Implementing a strategy often requires effective communication that resonates with all members of an organization. While the process can be intricate, using purposeful communication can ensure everyone is on the same page, driving alignment and commitment to the strategic vision. There are several ways to ensure that purposeful communication is the heartbeat of your strategy rollout. Let's explore some best practices discussed in our Strategy Collaborative session: Make your strategy a story Use visual communication methods such as balanced scorecards or visual KPIs that connect to the core of your strategy. Utilize interaction session that ensure your strategy is both seen and heard. Find ways to connect your strategy with the people most impacted by it so that they can see their role in the plan and why it matters. Lean away from hierarchical structures When communicating your strategy with your organization, utilize cross-functional team or create a collaborative group made up of staff and peers. This allows the team an opportunity to foster ownership and shared responsibility. The communication of strategy is ongoing Communicating your strategy is not a singular event or campaign to announce and then abandon. It is an ongoing action that should be built into the DNA of your strategy. Do you have any other ideas on communicating your strategy in a way that is effective and purposeful? Drop your recommendations in the comments! Read the full article here: https://lnkd.in/g3vuUDdc