5 Simple Rules of strategy to integrate AI into your business without even trying.

generative AI for business - the boiling frog experiment

What Does A Slow, Boiling Frog Have To Do With AI & Your Business Strategy?

The 5 Key Strategic Factors You Need To Consider to Integrating AI into your Business Now. Here’s How To Get Started to Integrate AI Effectively Into Your Business

What would happen if 80% of what you do is commoditized into the same thing that everyone else is doing? That is what AI is doing, now.

The only thing separating you from your competitors is how you create value, experiences, think, and execute strategically. generative AI for business - the boiling frog experiment

Otherwise, you’ll be delivering the same as everyone else.

There are no barriers to entry to business anymore.

Anyone can start a business, but only the smart ones will be able to finish one and get it pumping.

With the integration of AI into the basics of business, everyone will be exactly the same.

The competitor gap is decreasing at a phenomenal rate – meaning the distance between you and your competitors is becoming smaller and smaller, not larger and larger. It’s like going to a farmers market and everyone is selling the same vegetables. There is no distinction, no difference, except in how they offer & deliver. This is strategic thinking & execution.

“Growth” is now commoditized.

Generative AI is a leveler – every business now has the same tools as you do. As the saying goes, it’s not what tools you have in your toolbox, it’s how you use them that makes the difference.

McKinsey & Company in the diagram states that AI pretty much has the capability to deliver almost everything that you are doing right now. Yes, that means that everyone else will have the exact same tool kit to get started with.

McKinsey AI and the effects on business

We need to think smarter, we need to think about #strategy and the architecture behind the business. This is one of the few things that will arm you for the future, which literally is tomorrow.

How To Integrate AI Effectively Into Your Business

Use your knowledge of your audience, expertise of your industry, your core branding, and your strategic architecture to get that next-level growth. There is no other way to do it anymore.

Generative AI promises to make 2023 one of the most exciting years yet for AI. Business leaders must proceed with eyes wide open.

Generative AI is pushing technology into a realm thought to be unique to the human mind: creativity.

AI is going to commoditize 80% or more of what a business is & does. There will be no differentiation below this point. Every business will be the same.

Your competitors will be near and far and always on.

5 Simple Rules of strategy to integrate AI into your business without even trying.

  1. Test out the AI tools that are at your disposal, and you can get familiar with at this early stage – ChatGPT, Midjourney to name a few. Read our regular Strategystorming Strategy Journal to keep you posted of new developments with AI and how to apply them to your business.
  2. Audit your business and look for the separation between activities detailed in the McKinsey AI table – don’t focus on the jobs per se, but rather what you are capable of doing within your company, what the value is, and what you can outsource to AI. Here’s an AI Readiness Scorecard so you can see where you are at, and what you need to know now.
  3. Take a look at how you think strategically, and where your skills and mindset is for defining and delivering your business strategy and how you can easily integrate AI into your business strategy and execution.
  4. Develop an integrated strategy around the AMPS strategy model, so you can see what you are doing, and how your strategy interacts with your business.
  5. Define your strategy roadmap forward. Make it manageable, and with smaller 100 Day Radar sections, where you can test out the ideas and experiment with what works and what doesn’t work. 

What can you do next, and quickly with AI for business?

So, build that 80% capability and it will actually make your business easier. But don’t forget to focus on the 20% on strategy, branding, execution, experience & delivery, or get lost in the crowd of “everyone”. This is the real and only differentiator left, this is Strategystorming Strategic Thinking.

The only separators between a good business and one that doesn’t make it will be very small indeed. There are no longer any barriers to entry to starting a business, it’s how we strategize & deliver our experience & value, is how we can continue one.

Where is the opportunity?  It is an enabler to allow for an area of specialization that we have never seen before.

What are you waiting for? Strategystorming Strategic Thinking

Check out the full article on the Strategystorming site.

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