How to lead in a disruptive economy | Grant Halloran, Kartik Hosanagar, Steve Dennis
Jun 21, 2024
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Grant Halloran, Kartik Hosanagar, and Steve Dennis discuss AI's impact on businesses, leadership in a disruptive economy, and radical changes needed to stay competitive. They also touch on AI in Hollywood and predictions for driving value with AI in the future.
AI is vital for businesses to stay competitive and drive value in finance and operations.
AI is reshaping Hollywood by revolutionizing movie production and blurring the line between human-created and AI-generated content.
Effective leadership in a disruptive economy requires humility, adaptation to transformative technologies like AI, and a culture of experimentation.
Deep dives
The Importance of Transforming Business Operations Using AI
Using AI to transform business operations, specifically in finance, planning, and operations, is crucial for businesses to stay competitive and drive value. AI is revolutionizing processes such as forecasting, anomaly detection, and generating insights, leading to significant improvements in accuracy and efficiency. Companies must embrace a culture of experimentation and agility to leverage AI solutions effectively.
The Evolution of Hollywood with AI Technology
In the ever-changing landscape of Hollywood, AI technology is reshaping how movies are produced and marketed. From enhancing screenplays to optimizing production workflows, AI offers new possibilities for the entertainment industry. As generative AI capabilities advance, the distinction between human-created and AI-generated content blurs, challenging traditional creative norms while democratizing content creation.
The Role of Leaders in Embracing Risk and Innovation
Effective leadership involves understanding the risks of ignoring transformative technologies like AI and the need for rapid adaptation. Leaders must overcome ego, embrace humility, and maintain a beginner's mindset to navigate the evolving digital economy successfully. A culture of experimentation, aiming for higher value, and moving at the speed of disruption are key strategies for leaders to thrive amidst rapid technological advancements.
Adapting to Disruption and Driving Innovation in Retail
In the retail industry, adapting to disruptive technologies and shifting consumer preferences is essential for success. Retail leaders need to recognize the changing dynamics of an attention economy, where delivering high value at a faster pace is imperative. By being open to innovation, experimenting with new technologies like AI, and prioritizing customer engagement, retailers can stay competitive and drive growth.
Overcoming Complacency and Embracing Change
To prevent falling behind in a rapidly evolving business landscape, leaders must overcome complacency and be willing to innovate and take calculated risks. By embracing a culture of learning from failure, being open to change, and evolving with emerging technologies like AI, companies can position themselves for long-term success and competitive advantage in the digital age.
This week on episode 367, we interviewed Grant Halloran, CEO of Planful, Kartik Hosanagar, UPenn Wharton professor and director of the Wharton AI Center and Steve Dennis, renowned thought leader on business strategy and innovation, former senior leader at two Fortune 500 companies, top global retail influencer and author of Leaders Leap: Transforming Your Company at the
Topics covered include:
π Predictions on how businesses will drive value with AI in the future
π The impact of AI in business including financial and media industries
π The role and adoption of AI in Hollywood
π How to lead in a disruptive economy
π Radical changes leaders need to make to keep up with their competition
DisrupTV is a weekly podcast with hosts R βRayβ Wang and Vala Afshar. The show airs live at 11 AM PT/ 2 PM ET every Friday. Brought to you by Constellation Executive Network: constellationr.com/CEN.
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