I Thought I Knew Strategy Development – Then ChatGPT Blew My Mind
It’s easy to get complacent about your strategy skills. After all, our yearly “strategic planning” processes result in quarterly “strategic priorities” that require daily “strategic decisions.” So, it’s reasonable to assume that we know what we’re doing when it comes to strategy development.
I’ll admit I did. After all, I’ve written strategic plans for major brands, developed strategies for billion-dollar businesses, and teach strategy in a Masters program.
I thought I knew what I was doing.
Then ChatGPT proved me wrong.
How it Began
My student’s Midterm assignment for this semester is to develop, recommend, and support a strategy for the companies they’ve studied for the past seven weeks. Each week, we apply a different framework – Strategy Kernel, SWOT, Business Model Canvas, Porter’s 5 Forces, PESTLE, Value Chain – to a case study. Then, for homework, they apply the framework to the company they are analyzing.
Now, it’s time to roll up all that analysis and turn it into strategic insights and a recommended strategy.
Naturally, they asked me for examples.
I don’t have a whole lot of examples, and I have precisely none that I can share with them.
I quickly fed The LEGO Group’s Annual Report, Sustainability Report, and Modern Slavery and Transparency Statements into ChatGPT and went to work.
Two hours later, I had everything needed to make a solid case that LEGO needs to change its strategy due to risks with consumers, partners, and retailers. Not only that, the strategy was concise and memorable, with only 34 carefully chosen words waiting to be brought to life through the execution of seven initiatives.
Two hours after that, all of my genius strategic analysis had been poured into a beautifully designed and perfectly LEGO-branded presentation that, in a mere six slides, laid out the entire case for change (which was, of course, supported by a 10-page appendix).
The Moment
As I gazed lovingly at my work, I felt pretty proud of myself. I even toyed with the idea of dropping a copy off at LEGO’s Back Bay headquarters in case they needed some help.
I chuckled at my little daydream, knowing no one would look at it because no one asked for it, and no implementers were involved in creating it.
That’s when it hit me.
All the reasons my daydream would never become a reality also applied to every strategy effort I’ve ever been part of.
- No one looks at your strategy because it’s just a box to check to get next year’s budget.
- No one asks for it because they’re already working hard to maintain the status quo. They don’t have the time or energy to imagine a better future when they’re just trying to get through today.
- No one responsible for implementing it was involved in creating it because strategy is created at high levels of the organization or outsourced to consultants.
What the strategy is doesn’t matter.*
What matters is how the strategy was created.
Conversation is the only way to create a successful, actionable, and impactful strategy.
Conversation with the people responsible for implementing it, they people on the ground and the front lines, the people dealing with the ripple effects of all those “strategic” decisions.
How It’s Going
Today, I’m challenging myself—and you—to make strategy a dialogue, not a monologue. To value participation over presentation. Because strategy without conversation isn’t strategy at all—it’s just a beautiful document waiting to be forgotten.
Who are you inviting into your next strategy conversation that isn’t usually there but should be? Share in the comments below.
