OnStrategy

A few weeks ago, we hosted a Master class AI strategy and disruptive technology. What is disruptive technology, you may ask? It's an innovation or technology that significantly shifts or alters how consumers, businesses, or industries operate.

AI has undoubtedly taken the world by storm. If you're worried about how AI technology may potentially disrupt your industry (for better or worse), here are 3 tips for maintaining perspective in the face these huge changes:

—Diversify, and don’t try to time the market.
There isn’t a way to know how rapidly or slowly tech will change, and the best you can do is invest in a way that makes sense for your business or organization.

—Don't change who you are. Change how you think.
Look at Kodak as an example. The advent of digital photography shook up the traditional film camera industry. But Kodak decided to change with the times.

They are no longer a company that merely sells film and film cameras. With the adoption of digital photography and equipment, the company has shifted. They market themselves now as a company that helps capture and celebrate memories, in any form that takes place today and in the future.

—Don't abandon business fundamentals.
Technology may change and transition, but the tried and tested business principles endure. Regardless of what technology you adopt, always stay grounded in the fundamentals.

Read our blog for more tips on how your organization can adapt and thrive in the face of AI and other technological changes!:https://onstrategyhq.com/resources/ai-strategy/

Hey strategy experts and professionals!
Do you find yourself feeling overwhelmed with all the changes in AI and operational advancements? Do you want to learn how to leverage AI for your growth strategy in 2024, but are not sure where to start?

If so, then join us tomorrow morning at 8 a.m. while we discuss how to identify your 2024 AI strategic moves with AEGERIA's Dan Hogan and Marc LeShay, two AI and strategy experts with over 25 years in the industry.

P.S. We have changed our subscription structure for the Strategy Collaborative, and now both monthly sessions are completely FREE! Join us every first and third Thursday of the month LIVE!

Sign up with this link: https://onstrategyhq.com/strategy-collaborative/

In T-minus 1 hour, we will be hosting a Master class on The Power of Psychological Safety, led by collaborative member, Matthew Opuda.

See you live in one hour!