converge · Strategy · 45–60 min · 3-8 people · low energy

AI Strategy Definition

This method helps teams define a clear and concise AI strategy that aligns with the overall corporate strategy. It ensures that AI initiatives contribute to broader strategic goals and competitive advantages.

When to use AI Strategy Definition

Use this method after analyzing market drivers and when the team needs to articulate a clear AI vision and objectives.

What it solves

AI initiatives that are disconnected from overall business goals, lack of clarity on the strategic purpose of AI, difficulty prioritizing AI investments.

How to run AI Strategy Definition, step by step

  1. Review Corporate Strategy (10 mins). Briefly review the company's overall strategic goals and competitive advantages.
  2. Identify AI Opportunities (15 mins). Brainstorm areas where AI can reinforce existing strengths and contribute to strategic goals.
  3. Define AI Objectives (20 mins). For each opportunity, define specific, measurable, achievable, relevant, and time-bound (SMART) objectives.
  4. Align with Corporate Strategy (15 mins). Ensure that the AI objectives are directly aligned with and contribute to the overall corporate strategy.

Materials needed

  • Whiteboard or digital whiteboard
  • Markers or digital pens
  • Corporate strategy document
  • Timer

Facilitator tips

  • Encourage participants to think beyond incremental improvements and consider transformative opportunities.
  • Ensure that the AI objectives are ambitious but realistic.

Common pitfalls

  • Setting objectives that are too vague or difficult to measure. - Focus on SMART objectives.
  • Failing to align AI objectives with the overall corporate strategy. - Continuously refer back to the corporate strategy document.

Variations

  • Use a SWOT analysis to identify AI opportunities.
  • Conduct a competitive analysis to understand how competitors are using AI.

Running it online or hybrid

Use a collaborative document or whiteboard to capture and refine the AI strategy statement.

What it produces

A documented AI strategy statement with clear objectives and alignment with corporate strategy.

Origin

Adapted from Board of Innovation — source

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