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16min chapter
196. A guide for boards on generative AI: Four questions for management teams
Inside the Strategy Room
Navigating Board Responsibilities in the Age of Generative AI
The chapter discusses the essential skills and knowledge boards need to navigate the landscape of generative AI, emphasizing technical understanding, forward-thinking approaches, and a balance between value creation and risk management. It delves into key priorities for boards, such as understanding industry impacts, mitigating risks, scaling effectively, and staying externally oriented to learn from innovative tech advancements. The dialogue also stresses the importance of true partnership between management teams, supervisors, and boards to tailor generative AI technology towards specific organizational use cases and effectively manage risks.
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