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AI Transformation: How Companies Need to Adapt

AI Transformation: How Companies Need to Adapt

by Gunther Fürstberger | Feb 12, 2025 | Digital Transformation, Leadership and AI, Leadership Tips | 0 comments

AI transformation: how companies and leaders need to adapt

Economic history repeatedly shows how technological leaps revolutionize entire industries. 150 years ago, sailing ships dominated world trade, while steamships were only used on lakes and rivers. But within 30 years, the ratio was reversed: steamships took over the market, while sailing ships lost their importance.

Interestingly, it was not the established companies with capital that drove this change, but new companies that took advantage of the new technology. This is a pattern that keeps repeating itself – just as Blockbuster was replaced by Netflix or the traditional automotive industry is facing the challenge of electric mobility.

What does this mean for our time?

Digitization and, in particular, artificial intelligence (AI) are today’s disruptive technologies. Companies are faced with a choice: do they want to be among the pioneers or do they want to wait and see? The question of what our job description will look like in five to ten years is not a hypothetical one.

Stability or change? The influence on digital transformation

Some people tend to seek stability, to preserve security and proven values. Others, on the other hand, are change-seekers, curious and willing to explore new technologies. However, digital transformation requires companies to actively engage with change.

Europe tends to regulate rather than innovate. However, AI applications are becoming increasingly important, and it is crucial not only to consider the risks but also to seize the opportunities. Responsible participation is essential to avoid being controlled from the outside.

AI and its impact on companies

AI and its impact on companies

AI is changing many aspects of the economy:

  • Business opportunities and risks: Those who do not adapt could soon become irrelevant. Established processes can become ineffective while new technologies are faster, more efficient and more cost-effective.
  • Efficiency and productivity: Automated processes improve workflows, reduce errors and increase the speed of decision-making.
  • The world of work: Some jobs will disappear, while new ones will be created. The challenge lies in preparing employees for the new world of work.
  • Learning and development: AI makes it easier to create and personalize learning content, enabling better education and development processes in the long term.
  • Customer focus: AI can help create personalized customer experiences and better understand needs.

The role of leaders

Leaders face the challenge of creating transparency. They must educate about the potential, limitations, and deployment scenarios of AI, but they must also promote acceptance and reduce fears. A successful transformation does not proceed linearly, but rather in so-called transformation loops:

 

  1. Why? Why are we doing this?
  2. Planning: What steps are necessary?
  3. Implementation: How do we implement it?
  4. Evaluation: What works well, what doesn’t?

Methods for successful AI integration

  • Target group: Clarifies for whom and for what purpose AI is used. This involves defining what results are to be achieved and how success will be measured.
  • AI roadmap & AI transformation map: Structured implementation planning helps to formulate corporate goals clearly and in a solution-oriented manner.
  • Commitment game board: Maximizes employee participation by actively involving various stakeholders in the process.
  • ADKAR model: Helps with individual change by raising awareness, motivation, knowledge transfer, application and reinforcement. The following questions could be asked: Why do we have to change? What’s in it for me? What new skills do I need? How can I apply what I have learned? How do I maintain the change?
Learning from practice: AI at MDI

Learning from practice: AI at MDI

At MDI, we have set up an AI task force that works according to the principle “do, reflect, learn, do”. Early involvement and continuous reflection ensure that insights can be implemented quickly. In addition, we are constantly developing our AI Leadership Lab, which revolutionizes learning processes through AI-supported role playing, knowledge bots and leadership coaching.

Sustainable integration into everyday business

Regular reviews and retrospectives are crucial to the long-term success of AI in everyday business. Companies should ask themselves:

  • What are the intermediate results?
  • What are the successes?
  • What went well?
  • Where is there room for improvement?

Implementing AI requires not only technical know-how but also communication skills. Building trust is essential because the longer internal communication is neglected, the greater the resistance to transformation.

Leaders of the future

To successfully deal with AI, leaders need five core competencies:

  1. Recognizing the potential of AI
  2. Enthusiasm for lifelong learning with AI
  3. Mastering agile transformation management
  4. Ensuring ethical communication
  5. Promoting responsible thinking

The AI revolution is in full swing – companies and executives must position themselves now to remain successful in the long term.

Want to learn more about this topic? Watch the new (German) webinar here “Mastering AI Integration: Your Roadmap for Leadership Success and Sustainable Transformation” by Gunther Fürstberger. Dive into the world of AI leadership!

Gunther Fürstberger

Gunther Fürstberger

CEO | MDI Management Development International

Gunther Fürstberger is a management trainer, author and CEO of Metaforum and MDI – a global consulting company providing solutions for leadership development. His main interest is to make the world a better place through excellent leadership. He has worked for clients including ABB, Abbvie, Boehringer Ingelheim, DHL, Hornbach, PWC and Swarovski. His core competence is leadership in digital transformation. He gained his own leadership experience as HR Manager of McDonald’s Central Europe/Central Asia.  At the age of 20 he already started working as a trainer.

  • LinkedIn

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by Gunther Fürstberger | Oct 31, 2024 | Best Practice, Leadership and AI, MDI Inside | 0 comments

Efficiency with AI in Leadership Development

Do you prefer to listen to this article? Click below to access our AI-generated audio version!

Efficiency with AI in Leadership Development

Perhaps the first AI hype is already over, but it paves the way for a more realistic view. AI transformation is progressing at different speeds in different industries.

However, the training industry is among the pioneers: machine learning has enormous potential to make human learning more efficient, effective, and cost-effective. Since 2023, we have been experimenting intensively with artificial intelligence as a provider of leadership development and are happy to share our experiences.

AI in everyday business: a fixed routine in meetings

For a year and a half, AI has had a permanent place in every company management meeting. At least one current topic is supplemented by an LLM (Large Language Model) with a perspective or recommendation.

This practice has proven itself and enables more informed decisions with minimal time investment. Experiments with automatic logging, on the other hand, have proven less successful.

In August 2023, we launched AICO (Artificial Intelligence Co-Trainer), which has since been supporting us with energy exercises, music selection, transfer tasks, and as a knowledge source for participant questions in the seminar. Shortly after that, we tested the first ChatGPT role-playing game in a seminar and were impressed by the positive participant feedback. Initially, we provided the prompts as a transfer task.

AI transformation roadmap: planning at the company level

In January 2024, we launched a company-wide AI transformation roadmap. This means that we plan how AI can be used in key areas of the company every quarter to ensure that the entire organization is involved in this development.

In our OKR (Objectives and Key Results) planning meeting for the second quarter, we determined that no offer would be sent to customers without an AI component that covers at least 10% of the learning journey. Customers will still have the option to book the AI components that were previously free of charge.

AI transformation roadmap: planning at the company level

AI Lab: A role-playing center for real-world scenarios

In the third quarter, we plan to set up an AI lab on our website where all applications can be tested and used in a bundled form. This lab includes a role-playing center for various leadership communication situations. Participants take on the role of the leader, while the AI takes on the role of the employees.

A keyboard is no longer necessary – the role play is done by speaking and listening. After completion, the leaders receive targeted feedback that refers to the learned communication models. The role play can be repeated as often as desired, not only in the seminar but also when the situation arises in real life.

The future of learning: from 2D avatars to “superpowers”

Just as e-learning has replaced knowledge transfer in training over the last 20 years, AI has the potential to revolutionize skills development today. Currently, role-playing on the phone is still purely auditory, but soon visual avatars will be integrated as role-playing partners.

AI applications with 3D avatars for virtual reality glasses already exist. However, we suspect that 2D avatars will initially be used as learning partners because they are easier to use. These avatars are already supported by so-called “superpowers”. For example, Hume.ai gives AI coaches empathy and enables feedback on the current emotional state of the role-playing participant using voice analysis.

Real avatars as knowledge messengers and the next step in learning transfer

We are experimenting with “real avatars” of trainers who are available to participants as knowledge messengers after the seminar. This new type of learning transfer support enables agile learning when needed. Despite all efforts, learning transfer has often been a neglected topic in the industry.

Our leadership agent project (“LAgent”) is proving more challenging: we are developing an AI agent that can proactively pursue short-and long-term goals together with the leader. However, the LLMs currently available are still limited in their memory function, which would be necessary for responsible co-leadership. But this is precisely where development is progressing rapidly, and it is becoming increasingly easier to develop AI agents.

Conclusion: AI transformation in learning and development

Overall, the AI transformation in the area of learning and development is a fascinating field and is contributing significantly to the development of organizations and, by extension, society.

Mag. Gunther Fürstberger

Mag. Gunther Fürstberger

CEO | MDI Management Development International

Gunther Fürstberger is a management trainer, author and CEO of Metaforum and MDI – a global consulting company providing solutions for leadership development. His main interest is to make the world a better place through excellent leadership. He has worked for clients including ABB, Abbvie, Boehringer Ingelheim, DHL, Hornbach, PWC and Swarovski. His core competence is leadership in digital transformation. He gained his own leadership experience as HR Manager of McDonald’s Central Europe/Central Asia.  At the age of 20 he already started working as a trainer.

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by Gunther Fürstberger | Aug 23, 2024 | Digital Transformation, Leadership in the digital transformation, MDI Inside | 0 comments

The ARS Seminar: Lateral Leadership and AI Role-Playing

Immerse yourself in the world of lateral leadership with us and experience realistic role-playing with state-of-the-art AI technology! These methods bring a breath of fresh air to the world of leadership development and show how modern approaches can be successfully applied in practice.

Role-playing in Training

Role-plays have been used in communication training for decades to try out real-life challenges in a safe environment and develop skills. These usually take place either with voluntary participants in front of the group or several groups in parallel.

In the first case, the trainer can give direct feedback, in the second case more participants have the opportunity to practice. Not everyone loves role-playing, but overall it is an effective method for developing social skills.

However, the method also has disadvantages that can now be overcome by artificial intelligence: Trainers or even professional actresses don’t work for free. Training and application dates may be far apart, and by then much will have been forgotten.

Role-playing in training

Large Language Models

With the help of LLMs (Large Language Models), on the other hand, it is possible to train as often as required at a fraction of the cost shortly before real-life use. The ChatGPT 4.0 app offers well-functioning language input and output and can access extensive knowledge, such as the DISG model or the Harvard Principles of Negotiation.

Some trainers at MDI have been experimenting with it for a year now, and the participants are enthusiastic. We demonstrate a role play in front of the group, involve several participants, and then pass on the prompt used for self-practice.

AI in Various Management Systems

We have further developed the prompts so that the feedback from the AI is precisely aligned with the models taught in the seminar. In addition, the resistance intensity of the AI role-play partner has been optimized.

Anyone who would like to experience this in reality will have the opportunity to do so in the ARS seminar “Lateral Leadership” from 22.10. to 23.10. Further exciting role-playing functions are currently being developed.

Mag. Gunther Fürstberger

Mag. Gunther Fürstberger

CEO | MDI Management Development International

Gunther Fürstberger is a management trainer, author and CEO of Metaforum and MDI – a global consulting company providing solutions for leadership development. His main interest is to make the world a better place through excellent leadership. He has worked for clients including ABB, Abbvie, Boehringer Ingelheim, DHL, Hornbach, PWC and Swarovski. His core competence is leadership in digital transformation. He gained his own leadership experience as HR Manager of McDonald’s Central Europe/Central Asia.  At the age of 20 he already started working as a trainer.

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Challenges and Opportunities of AI in China

Challenges and Opportunities of AI in China

by Gunther Fürstberger | Jun 10, 2024 | Leadership and AI, MDI Inside, training new leader | 0 comments

Challenges and Opportunities in China

Do you prefer to listen to this article? Click here to listen to the AI-generated version!

Challenges and Opportunities of AI in China

While some see China’s intensive video surveillance as a realization of George Orwell’s bleak vision of the future in “1984”, others argue that China is a safer place as crimes are quickly detected due to these measures.

I, too, am concerned with the question of the benefits and harms of the use of artificial intelligence in public administration in China. In this blog post, I report on my experiences and observations on my recent trip to China.

Travel preparations with hurdles

I reactivated my WeChat account to prepare for my trip. This turned out to be more complicated than I had expected. Only after repeated attempts and several hours of effort did I manage to reactivate my WeChat account with the help of a WeChat friend from Taiwan.

This automatically sets up the WeChat payment service Weixin Pay. I could link it to my Mastercard after scanning my passport and approving a photo using my cell phone camera. I thought to myself: now the public authorities can track my payment activities if they are interested.

My experience with digital payment systems in China

However, WeChat payment did not work in China and the alternative Alipay also failed to verify my credit cards. However, I did meet Germans who had success with Alipay. My attempts to communicate with my credit card processors didn’t change anything.

To my relief, I realized that cash is usually accepted after all and that I could pay online for the high-speed train from Beijing to Shanghai with a foreign credit card. But the locals pay for everything with their phones.

Political moods in China

In personal interactions, my Chinese conversation partners also proved to be critical of the government. As long as people are talking and not typing virtually, they are relaxed. I mainly encountered a pragmatic attitude.
From a transactional analysis perspective, they are treated like children by the authorities.

However, they did not care much as long as they feel safe and can pursue their economic activities. My current view on this: The trend towards personal surveillance will continue despite attempts at regulation, and not just in China. More cameras are being used every year:

 

  • Many installed cameras by public administrations, businesses, and homeowners.
  • In addition, billions of cell phone cameras and big data analysis possibilities worldwide can monitor a large part of our lives.

The power of surveillance: AI, resistance and political stability

Whether in democracies, autocracies, or hybrid systems – those in political power have instruments in their hands that they can use to either benevolently or to maintain power. It is usually a combination. What seems most problematic to me is that potential resistance can be nipped in the bud. The more benevolent a system of rule is, the less resistance there will be.

Using AI, an autocratic government can protect itself almost to the point of unassailability. However, history has proven that a lot of power corrupts. The greater the differences in power and income, the stronger the resistance.

AI in different leadership systems

Even the most powerful autocrats are getting older and younger people are taking over their positions. These changes are often accompanied by power struggles and thus at least temporary destabilization. AI is a new and significant aspect of the leadership system, but not the only relevant one. Other aspects are e.g:

  • Collective benefit maximization and suffering minimization for all relevant stakeholders including minorities. If an authoritarian or democratic regime achieves sustainably good results in this respect, it has a better chance of remaining in office.
  • Intelligence and education of leaders and those being led
  • Beliefs of leaders and those being led (e.g. “only the collective counts” or “it’s safer with us”)
  • The legal and executive system
  • Incentive systems and social stratification

I also wanted to use my trip to China to further develop my views on the following 2 questions in particular:

1. Is democracy always the best form of government?

I remain a supporter of democracy, while at the same time maintaining the view that sometimes intelligent, benevolent autocrats can achieve better results than bad democratically legitimized governments. Over the past three decades, China has achieved amazing results in terms of prosperity, innovation, and security, for example.

My youthful conviction that democratic systems are economically superior to autocratic ones has long been called into question by China’s one-party system. On average, however, intelligent and benevolent parties come into government more often in democracies. Above all, problematic undesirable developments can be prevented more easily and quickly.

2. What are the benefits and harms of the new surveillance possibilities offered by AI?

It is strange for me to see cameras even on forest paths in the Wudang Mountains. At the same time, I have rarely felt as safe at night in cities with millions of inhabitants as I do in China. In addition to security, efficiency is also a strong argument in favor of biometric recognition methods.

I have been used to the idea for years that we are heading towards a transparent world. We are already ensuring that with our smartphones, Apple watches, etc. If we live in a society in which individual freedom and uniqueness are accepted within the harmful limits of others, transparency has little to threaten me.

But that brings us back to question 1: if my data is being used by government agencies to maintain power or execute ideological -isms, then it may already be too late.

Regulation with a sense of proportion

Unfortunately, we know that even liberal democracies can become dictatorships. In recent years, in particular, there have been ominous developments in various Western countries where attempts have been made to weaken democracies through violence or manipulation.

And we have also seen how quickly countries have become involved in wars. I therefore believe that regulation with a sense of proportion is necessary, especially when it comes to the use and storage of collected data.

A summary of my learning journey

For me, this learning journey was not about judging in the sense of right and wrong, but about interpreting developments in the context of history, culture, population density, religion, etc. I took one final inspiration from a leadership outcome that with me: China shows that switching to e-mobility and attractive public transportation is possible. Why are we going the other way again with combustion engines?

Mag. Gunther Fürstberger

Mag. Gunther Fürstberger

CEO | MDI Management Development International

Gunther Fürstberger is a management trainer, author and CEO of Metaforum and MDI – a global consulting company providing solutions for leadership development. His main interest is to make the world a better place through excellent leadership. He has worked for clients including ABB, Abbvie, Boehringer Ingelheim, DHL, Hornbach, PWC and Swarovski. His core competence is leadership in digital transformation. He gained his own leadership experience as HR Manager of McDonald’s Central Europe/Central Asia.  At the age of 20 he already started working as a trainer.

  • LinkedIn

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Exploring the Influence of AI on Leadership Roles – an experiment by a CEO

Exploring the Influence of AI on Leadership Roles – an experiment by a CEO

by Gunther Fürstberger | Nov 14, 2023 | International leadership development, Leadership and AI, Leadership in the digital transformation | 0 comments

Exploring the Influence of AI on Leadership Roles:

Learn more about the ongoing ChatGPT experiment by MDI CEO Gunther Fürstberger

Do you prefer to listen to this article? Click below to access our AI-generated version. 

Exploring the Influence of AI on Leadership Roles:

Learn more about the ongoing ChatGPT experiment by MDI CEO Gunther Fürstberger

In a ChatGPT experiment, our CEO Gunther Fürstberger tried to test the boundaries between artificial intelligence and humans. He asked himself and ChatGPT the same questions to determine the differences. Read this blog post to see the results.

You can connect with Gunther Fürstberger on LinkedIn and join the conversation! 

“How much can the 4 main roles of a leader according to Covey be supported by AI”

Answers from Gunther Fürstberger:

1. Creating trust: Transparency: AI can visualize the most important things. AI can provide reliable and well-founded answers.

2. Develop visions: AI can calculate the probability of achieving a vision and create proposals for the Strategic Roadmap

3. Implement strategies: AI can coordinate alignment and coordination of priorities between departments and over time

4. Coach potentials: AI can make learning suggestions

Answers from ChatGPT:

The four main roles of a leader according to Covey – building trust, developing vision, implementing strategies, and coaching potential – can be supported to varying degrees by AI technologies. Here is an assessment of how each of these roles could benefit from AI:

Creating trust

AI can help bring transparency and objectivity to decision-making processes. Data-driven analytics can help leaders make informed decisions and build trust by demonstrating that decisions are based on verifiable information.

Developing visions

AI can help extract information from large amounts of data and identify trends that can help develop long-term visions and strategies. AI models can recognize patterns that are difficult for humans to perceive, providing valuable insights for the development of plans.

Implementing strategies

AI can assist in project and resource management. By analyzing data and predicting outcomes, AI can help leaders to better plan and adapt their strategies. Automation of recurring tasks can also create more time for strategic thinking.

Coaching potential

This is one of the biggest challenges for AI. While AI can assist to some extent in identifying individual strengths and weaknesses, the interpersonal and emotional intelligence required for effective coaching is a capability that AI has not yet fully achieved. However, AI can support learning platforms and personalized training to support the individual growth of team members.

It is important to note that AI is not meant to replace human leaders, but rather to complement and support them. Human intuition, interpersonal skills, and the ability to solve problems creatively remain crucial, especially in situations that require empathy, emotional understanding, and complex decision-making.

Better Leadership World with IDGs

“What can humans do better?”

Answers from Gunther Fürstberger:

1. Creating trust

When we talk about leading people, humans have a similar advantage. Trust is made up of integrity and competence. In terms of integrity, humans can draw on more experience with people (e.g. in the family) than with AI and would probably currently place more trust in a human leader. People can draw on intuitive skills.

2. Develop visions

Humans can use their own emotions to check how much a vision appeals to them.

3. Implement strategies

People can sometimes better recognize and deal with resistance.

4. Coaching potential

Some people are passionate about supporting the development of others.

ChatGPT answers:

Humans bring a set of skills and qualities that are difficult or even impossible to replicate by Artificial Intelligence (AI). Here are some areas where humans are often better:

Emotional intelligence and empathy

Humans can perceive subtle emotional nuances, understand interpersonal relationships, and show empathy. These skills are crucial in leadership positions, especially when it comes to motivating employees, resolving conflicts, and creating a supportive work environment.

Creativity and innovation

Creativity involves linking different ideas and concepts in unexpected ways. Humans can come up with unconventional solutions, develop ideas, and drive innovation beyond the programmatic capabilities of AI.

Complex interpersonal communication

Interpreting body language, non-verbal communication, and subtle signs is a human strength. In complex interpersonal situations, such as negotiations or conflict resolution, human understanding of communication is invaluable.

Values and ethics

People have moral and ethical considerations that influence their decision-making. The ability to weigh up right and wrong is strongly influenced by individual values and social norms, which AI does not have in the same way.

Intuition and gut feeling

People often make quick decisions based on intuition or gut feeling, based on experience and emotional signals. This can be useful in situations where data is incomplete or decision-making needs to be quick.

Contextual understanding

People can better grasp the context of a situation, including cultural, social, and historical aspects. This is important for making decisions based on a broader perspective.

Adaptability

People can adapt quickly to unexpected changes and new situations. They can react flexibly to unforeseen events and develop alternative solutions.

It is important to emphasize that AI and human skills can complement each other. AI can automate repetitive tasks, facilitate data analysis, and serve as a source of information, while humans bring their unique skills to manage complex situations and foster human relationships.

The 5 most important soft skills for leaders in the age of AI

How does AI influence the management task of delegation?

What do we delegate?

Answer from Gunther Fürstberger:

What we delegate and what we prefer to do ourselves is a personal question. It has to do with our abilities and wishes. If you want to build up a large company or a corporation should delegate as much as possible. If you want to learn as an expert, keep the exciting topics for yourself and delegate routine tasks.

As it ultimately comes down to the question of what work you want to do, what you find meaningful, and what you enjoy, it is probably better to engage in an internal dialogue about this than to leave these decisions to an AI app. AI programs such as Insightful can coach you on this, however.

Answer from ChatGPT:

Task automation

AI can automate repetitive and time-consuming tasks. This allows leaders to focus on more strategic and creative tasks.

Data analysis and decision-making

Leaders can delegate the analysis of large amounts of data and the derivation of insights to
AI systems to make informed decisions.

Communication and information management

Chatbots and intelligent assistance systems can support the management of communication and information by filtering emails, scheduling appointments, and organizing information.

Who do we delegate to?

Answer from Gunther Fürstberger:

AI itself takes on the function of an employee to whom it can be delegated. And the most interesting thing is that this employee is sure to get better, can take on more, and deliver higher-quality results. It wasn’t so long ago that we were hiring translation agencies to translate training materials into other languages.

Now this works in seconds with good quality. Learning search engines provide us with relevant information, and travel portals with suitable and affordable transportation and accommodation options. Navigation systems save us from traffic jams and radar fines. OpenAI can summarize books in 1000 characters or write poems for the Christmas party.

Which “human employees” you delegate to depends, for example, on their available capacity, skills, and wishes. If you as a line leader have a management span of e.g. 10 employees, then your assessment based on interviews is probably sufficient to decide which tasks you pass on to which person.

If the number of delegation candidates is very high, machine learning can help to create a selection of suitable candidates. There are consultant or coach databases and recruiting programs that suggest the top selection from a large number of people according to defined criteria.

Answer from ChatGPT:

AI systems and robots

Tasks can be delegated to specialized AI systems or robots that have been developed for specific tasks or processes.

Employees and teams

Leaders must decide which tasks are delegated to employees and teams and ensure that the resources and skills are in place to complete these tasks successfully. 

ai's developments

How do we delegate?

Answer from Gunther Fürstberger:

How you delegate determines the confidence and motivation with which your employees will carry out the task. Depending on their level of experience, employees should be given more or less autonomy. If the person receiving the delegation is a professional, it is sufficient to state the purpose of the task. “For example, could you please make sure that the visitors are happy”.

This would be too much for a beginner. This assessment of employees is currently still the responsibility of the leader and not an AI program. However, ChatGPT could be used to design skill tests or self-assessments. However, AI tools such as Taskade.com are good at generating lists of detailed tasks from main tasks.

Answer from ChatGPT:

Skills assessment

Leaders need to assess the skills and strengths of their employees and AI systems to delegate the right tasks to the right people or systems

Clear communication

Clear communication is crucial to set the expectations and goals of delegation. This is
particularly important when delegating tasks to AI systems as the programming and configuration must be correct.

Monitoring and feedback

Leaders need to monitor the progress and performance of delegated tasks and provide regular feedback to ensure that objectives are being met. Overall, integrating AI into delegation processes allows for a more efficient and targeted use of resources, enabling leaders to focus on strategic and valuable tasks while improving the overall performance of the organization.

However, it is important to consider the human and ethical aspects of delegation in the context of AI and ensure that it is in line with the organization’s values and goals.

How can AI contribute to corporate management?

Answer from Gunther Fürstberger:

Artificial intelligence has had a permanent place at the table in our leadership meetings since July 2023. It’s not yet a robot dressed in a costume or suit with speech recognition and output, but a member of the leadership team who gives AI a voice. At the moment, I’m taking care of it and doing it as follows:

1. We have a shared agenda document in MsTeams. About 1 day before our weekly 50-minute leadership meeting, I look at the agenda and select 1 topic, for which I usually create a ChatGPT4 prompt.

2. I show the answer in the meeting and we discuss it. There are almost always good suggestions that give us new ideas.

3. AI does not yet have a (co-)decision-making role. At the moment, it is more of a valued advisory role.

We have decided to integrate AI into company management for 2 main reasons:

As a management development institute, we see it as our responsibility to help shape the opportunities and risks of AI in leadership in general. This raises many interesting and challenging questions, such as “Do we want organizations in our society that will one day no longer be led by humans, but by AI?”

At the moment, we believe in the co-creation of leaders with AI and also want to learn from our own experiences in the spirit of “walking the talk“.

b. As a company, we are convinced that we need to keep disrupting ourselves to develop further and make a relevant and efficient contribution to society. AI currently offers enormous potential for disruption, which we want to exploit with passion and a sense of responsibility.

An interesting side effect of integrating AI at the management level is that we are using AI more consistently in a wide range of operational areas. We have now also launched an AI transformation journey for all areas of the company and introduced AI co-trainers. But there will be separate blog posts about this.

From today’s perspective, we can recommend the integration of AI in corporate management and would be delighted if you would also share your experiences with us, for example in the comments.

Leadership between Connectedness and AI-2

Now the answer from ChatGPT-4 to a slightly customized prompt:

“Please describe an example of the integration of AI in board meetings”

AI integration in board meetings: a practical example

Initial situation

An international technology company wants to increase the effectiveness of its board meetings. The meetings are often characterized by extensive reports, presentations, and data analyses, which slows down decision-making processes. It is decided to introduce an AI-powered solution to streamline discussions and facilitate real-time, data-based decisions.

Solution

1. Preparation of the meeting

An AI system consolidates all relevant data and reports from the various departments in advance. It checks these for completeness, up-to-dateness, and consistency. It then generates a summary of the most important points and visualizes them in easy-to-understand diagrams and graphics.

2. During the meeting

An AI-supported assistant projects information onto a screen in real-time. For example, if a board member asks a question about sales development in a specific market, the AI immediately displays the relevant data, historical trends, and forecasts. Through machine learning and pattern recognition, the AI can also suggest potential causes for deviations or anomalies.

3. Interactive discussions

The system enables board members to run through “what if” scenarios in real-time. For example, when discussing how an increase in the marketing budget could affect sales, the AI simulates the potential impact based on historical data and current market conditions.

4. Recording and task management

The AI records the meeting and transcribes it in real-time. Based on the discussion, it recognizes action items and assignments and automatically creates meeting minutes with a list of tasks, responsibilities, and deadlines.

5. Feedback loop

After the meeting, the AI collects feedback from the participants to continuously improve the process and the data presented. It learns from this feedback to make future meetings even more effective.

Conclusion

Integrating AI into board meetings can significantly speed up and improve the decision-making process. Providing data in real-time enables fact-based discussion and helps the board to make informed and strategic decisions. However, it is important to ensure that AI recommendations are transparent and that human intuition and expertise continue to play a central role in the decision-making process.

Insight from the ChatGTP response

So far, we have mainly used AI as a source of inspiration in management meetings. We will soon be trying out AI meeting software to optimize meeting documentation, including the formulation of action items.

Hopefully, these questions have given you something to think about. As you can see, there are still some differences between human and AI-created answers. 

Mag. Gunther Fürstberger

Mag. Gunther Fürstberger

CEO | MDI Management Development International

Gunther Fürstberger is a management trainer, author and CEO of Metaforum and MDI – a global consulting company providing solutions for leadership development. His main interest is to make the world a better place through excellent leadership. He has worked for clients including ABB, Abbvie, Boehringer Ingelheim, DHL, Hornbach, PWC and Swarovski. His core competence is leadership in digital transformation. He gained his own leadership experience as HR Manager of McDonald’s Central Europe/Central Asia.  At the age of 20 he already started working as a trainer.

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