Building Margin

97: How AI Will Impact Your Strategy and Competitive Advantage

Jan 28, 2025
AI is transforming the business landscape, creating both opportunities and distractions. Leaders must navigate these changes to stay competitive and focused. The discussion reveals how AI levels the playing field for companies, regardless of size, while introducing challenges like information overload. Strategies for leveraging AI as a value creation tool are key to thriving in this fast-paced environment. Prepare to adapt or risk falling behind in the evolving competitive landscape.
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INSIGHT

AI's Equalizing Effect

  • AI is equalizing the business playing field by giving everyone access to the same tools.
  • Companies lacking resources can now compete with larger organizations using AI.
INSIGHT

AI-Driven Distraction

  • AI creates noise and distraction for businesses by providing excessive information.
  • Leaders must prioritize focus to avoid getting lost in the information overload.
ADVICE

Prioritize 'Best' Things

  • Focus on a few key priorities to succeed in business, inspired by Dallin H Oaks's 'good, better, best' principle.
  • Spreading efforts too thin hinders progress and prevents achieving significant results.
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