Inside the Strategy Room 223. What’s new in strategy: A view from the frontlines
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Oct 30, 2024 Senior partners Alex D’Amico and Andy West bring their expertise from McKinsey & Company to discuss cutting-edge strategy developments. They highlight the transformative role of generative AI in shaping strategy and the importance of proprietary insights in a fast-evolving landscape. The conversation also delves into the challenges of corporate strategy amid uncertainty, emphasizing agility and stakeholder engagement. Additionally, they explore how machine learning can uncover growth opportunities, pushing the boundaries of traditional strategic planning.
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Proprietary Insights
- Strategists risk creating generic strategies by relying on widely accessible AI insights.
- Proprietary insights are crucial for developing distinctive, successful strategies.
New in Strategy
- Strategy involves timeless foundations and emerging aspects.
- Generative AI's role and a greater appreciation for the social dynamics of strategy are key new elements.
Strategic Commitments
- Make bold commitments in your strategy, accepting some risk and uncertainty.
- Cultivate organizational agility to reallocate resources and adapt to evolving opportunities.