HBR On Strategy

You Need a Generative AI Strategy

59 snips
Dec 6, 2023
In this episode, Microsoft's Head of Strategy and a Harvard Business School professor discuss the emerging value chains and competitive risks of generative AI. They highlight the potential of this technology to create new products and services, and explore the strategic choices and cost structures associated with it. They also discuss the role of middle managers and the opportunities and challenges for technology providers in the generative AI market.
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INSIGHT

Generative AI's Transformative Impact

  • Generative AI is a transformative technology, unlike Web3, which lacked clear applications.
  • It's impactful and recognized as game-changing for both tech and humanity.
ADVICE

The Importance of Speed in AI

  • Being a first mover in AI offers significant advantages due to the fast-paced market.
  • Move quickly and be iterative because the AI landscape changes rapidly.
ADVICE

Getting Started with Generative AI

  • Start by using and familiarizing yourself with generative AI tools.
  • Explore how AI can improve productivity, workflows, and create new experiences/business models.
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