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Nov 12, 2024 | 
imd.org | Tomoko Yokoi |Michael Wade
Behind the hype around AI, which companies are making real progress with it? Our research attempts to answer that question. The AI Maturity Index ranks 200 of the world’s leading companies on how effectively they have adopted AI to transform their business strategies and operations. The results may surprise you. The tech sector certainly performs well, but representatives from financial services, telecoms, consumer goods, and the energy sector all make appearances near the top.
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Nov 8, 2024 | 
imd.org | Michael Wade
To understand the relationship between culture and strategy, it helps to define what we mean by culture. A simple way to understand it is, “The way we do things around here.” It’s what people have learned over time and what they know how to do, and you can’t spell it out in PowerPoint presentations (although many organizations try).
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Nov 4, 2024 | 
imd.org | Michael Wade
The clock is ticking down to a moment when artificial intelligence could slip beyond our control. IMDâs new AI Safety Clock has been set to 29 minutes to midnight, reflecting the growing threat posed by uncontrolled artificial general intelligence (UAGI), autonomous systems that function without human oversight and may pose serious dangers.
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Oct 26, 2024 | 
thenationalnews.com | Michael Wade
Uncontrolled AI systems could disrupt entire industries, either by displacing jobs or by making critical, unregulated decisions. Getty Images Uncontrolled AI systems could disrupt entire industries, either by displacing jobs or by making critical, unregulated decisions.
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Oct 13, 2024 | 
time.com | Michael Wade
IdeasBy Michael WadeOctober 13, 2024 7:00 AM EDTMichael Wade is TONOMUS Professor of Strategy and Digital at IMD Business School in Lausanne, Switzerland, and Director of the TONOMUS Global Center for Digital and AI Transformation. If uncontrolled artificial general intelligence—or “God-like” AI—is looming on the horizon, we are now about halfway there. Every day, the clock ticks closer to a potential doomsday scenario. That’s why I introduced the AI Safety Clock last month.
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Oct 11, 2024 | 
imd.org | Michael Wade
In the traditional approach, leaders lead from the top, making decisions unilaterally – but this risks alienating promising talent. By contrast, emergent leaders empower others to achieve goals – but should be careful not to undermine their own authority by sharing power too broadly. The traditional leader is a tactician who values operational clarity and well-defined plans. If this isn’t managed wisely, leaders risk not providing a compass for team members.
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Jul 15, 2024 | 
imd.org | Michael Wade |Michael Watkins |Richard Baldwin |Sarah Toms
Since its launch in late 2022, generative AI (GenAI) has often been seen as the ultimate solution for many challenges. However, this isn’t always the case. If GenAI is the hammer, not everything is a nail. To make informed decisions about when to use GenAI and when to rely on traditional AI or other digital tools, it’s crucial to understand the differences between these technologies and their respective strengths and limitations.
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Jun 28, 2024 | 
imd.org | Michael Wade
Explore the core principles and actionable strategies outlined in Customer Centricity: Focus on the Right Customers for Strategic Advantage (2020), The Customer Centricity Playbook: Implement a Winning Strategy Driven by Customer Lifetime Value (2018), and The Customer-Base Audit: The First Step on the Journey to Customer Centricity (2022), as Peter Fader, Professor of Marketing at The Wharton School of the University of Pennsylvania, joins Sarah Toms, Chief Learning Innovation Officer at...
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Jun 26, 2024 | 
imd.org | Michael Wade |Amit M. Joshi |Jamie Woodruff |Karl Schmedders
Since the dawn of video games, there have been gaming competitions. But for decades, such contests were regarded as beneath the hallowed realm of ‘sports’. This began to change in 2003, when the first Esports World Cup was held, and over the last two decades, digital competition has gone from strength to strength. Where once it may have seemed odd to watch others play video games, sites like Twitch and YouTube have popularised spectatorship.
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Jun 7, 2024 | 
imd.org | Sophie Bacq |Stephanie Wang |Amit M. Joshi |Michael Wade
Societal grand challenges are complex, systemic issues with multifaceted, unclear causes and effects. Scholars have long debated how to enhance academic research to help solve climate change, water pollution, systemic poverty, inequality, and global health crises. One potential way forward to address societal problems is to integrate academic concepts with practitioner-focused theories validated by practitioners’ experiences.
