In this episode of the G&T Sessions podcast, host Andrew Turner speaks with Scott Newton about the evolving nature of strategy in today's volatile, uncertain, complex, and ambiguous (VUCA) world.
They discuss the importance of having a dynamic strategy that adapts to changing environments, the shift from traditional planning to more flexible approaches, and the impact of misinformation on decision-making.
Scott emphasises the need for organisations to cultivate a data culture to ensure that their strategies are informed by accurate information, ultimately leading to better outcomes in an ever-changing landscape.
In this conversation, Scott Newton and Andrew Turner explore the current limitations of AI technology, the challenges faced by autonomous machines, and the importance of up-skilling for a tech-driven future.
They discuss the implications of productivity gains and market disruption, the ethical use of technology, and Scott's journey into strategy and technology. The conversation also touches on resilience in business amidst crises, understanding business cycles and risks, and offers valuable advice for founders and startups regarding capital and growth
Chapters
00:00 Introduction and Setting the Scene
02:49 Navigating Strategy in a VUCA World
11:25 The Evolution of Strategic Planning
20:51 Emergent vs. Planned Strategies
28:06 Misinformation and Its Impact on Strategy
32:23 The Limitations of Current AI Technology
34:26 Autonomous Machines and Their Challenges
35:48 Up-skilling for a Tech-Driven Future
37:54 Productivity Gains and Market Disruption
39:24 Navigating Ethical Technology Use
41:44 Scott's Journey into Strategy and Technology
44:48 Resilience in Business Amidst Crises
48:35 Understanding Business Cycles and Risks
50:19 Advice for Founders and Startups
54:45 The Cost of Capital and Business Growth
Scott is The Managing Partner of Thinking Dimensions, and a member of the Board of Directors at Sirius (Netherlands,) and Strategy Tools (Norway.)
Scott works with Boards, CEOs, Private Equity, and senior leaders on Strategy, M&A, and Digital Transformation with an emphasis on embedding sustainability into their business models today and for the future.
His experiences have taken him to North America, Latin America, Europe, MENA, and Asia Pacific assisting global organisations.
Scott and his teams focus on building new business model portfolios, future proofing the organization, and linking impact to sustainable growth and profitability.
Technology and the implications to industry shifts are major points of attention in the boardroom and C-Suite, and with more than 25 years of international experience in advisory activities balanced between both multinational and family-controlled enterprises, Scott has had the unique opportunity to assist more than 250 CEO’s and Senior Leaders.
The organisations Scott works with achieve speed, alignment, and most importantly bold growth outcomes by focusing on a long-term view.
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