Inside the Strategy Room 232. Best of 2024 - What’s new in strategy: A view from the frontlines
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Jan 2, 2025 Alex D’Amico, a Senior Partner at McKinsey & Company, dives into the future of strategy in a rapidly changing landscape. He explains how generative AI is revolutionizing the creation of unique insights while cautioning against the risks of generic strategies. The discussion covers the challenges of data overload and its impact on decision-making. D’Amico emphasizes the need for corporate agility and the importance of stakeholder engagement, highlighting how to navigate social dynamics to ensure successful strategy execution despite uncertainties.
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Generic AI, Generic Strategy
- Strategists face a trap with readily available AI tools.
- Using generic tools leads to generic, replicated strategies, necessitating proprietary insights.
New in Strategy
- Strategy involves timeless foundations but new elements are emerging, like generative AI's role.
- A greater appreciation for the social side of strategy and its execution is also growing.
Embrace Uncertainty
- Make bold commitments despite uncertainty; organizational agility is key.
- Accept that not everything will work out and move resources quickly as opportunities evolve.