Strategic planning is increasingly vital in times of global uncertainty, necessitating organizational resilience and optionality for success. Research indicates that resilience significantly contributes to corporate outperformance. Human cognitive biases and the vast array of future scenarios complicate planning efforts. Generative AI helps organizations overcome these biases by introducing creativity and flexible simulations. When combined with agent-based modeling, Generative AI provides human-like scenarios that enhance strategic foresight at a lower cost and time compared to traditional methods, empowering organizations to prepare for unpredictable futures.
Building resilience and optionality into strategic plans highlights the significance of organizational agility, especially amid global uncertainty. Research indicates resilience drives corporate outperformance.
Generative AI can address cognitive limitations by enhancing strategic planning processes. By leveraging LLM's creative capabilities, organizations can transcend entrenched thinking patterns.
Coupling Generative AI with agent-based modeling provides flexible simulations that mimic human behavior, allowing organizations to explore dynamic scenarios efficiently.
By utilizing LLMs in simulations, companies can save time and costs compared to traditional planning methods, enabling adaptive exploration of complex futures.
#strategic-planning #generative-ai #organizational-resilience #agent-based-modeling #corporate-performance
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