In business, it's easy to get distracted by the latest buzzword or shiny object. Lately, AI and Machine Learning have been seen as silver bullets, but blindly chasing trends can do more harm than good. Many companies seem to feel the pressure to jump on the bandwagon, convinced it's part of the secret to remaining competitive. Yet, few of these same companies realize any innovation, instead each coming with their brand of chatbot. Just because AI, or anything else, is popular doesn't mean it's the best focus for the business.
Pushing a team to pursue AI or any other trendy, shiny object without a clear reason, plan, or alignment with business objectives can backfire, wasting precious resources, introducing new complexity, wasting or preventing the build-up of momentum, and lowering team morale. Doesn't sound great, does it? We must focus on meaningful outcomes instead of chasing shiny objects and ensure we make sound strategic decisions.
Imagine you’re at a company where the leadership has suddenly decided that AI is the next big thing everyone should focus on. But here’s the catch: no one can clearly explain why AI is necessary, the comparison and trade-offs versus other solutions, how it aligns with the company’s strategy, or even what specific problems it would solve. Worse, some solutions would be of more value to your customers, could bring you more value, or your team doesn’t have the skills or expertise to make AI work effectively.
This is a classic example of chasing something because it's the new shiny object of the moment—it’s trendy, and without a solid plan or purpose.
Let’s break down why this–or any– approach can be problematic:
Let's take a step back. What's a good approach?
OKRs (Objectives and Key Results) or Rocks
Focus on setting clear, measurable goals. Let your teams decide how to achieve those goals rather than prescribing solutions like AI from the top down.
McKinsey’s Three Horizons framework
Balance your focus between short-term, mid-term, and long-term goals. If AI is a long-term play, treat it as such and focus on your core strengths in the short term.
SWOT analysis
Assess your company’s Strengths, Weaknesses, Opportunities, and Threats. This will help you determine if investing in AI is a good idea, or if your efforts are better spent elsewhere.
PESTEL analysis
Make sure you have a good idea of the Political, Economic, Social, Technological, Environmental, and Legal landscape before making big bets can be crucial. As your team grows to include experts like Product Marketers, Competitive Intelligence, Researchers, and Analysts, they will help your team hone in on this type of information and feed your strategy.
Simply providing you with new tools and frameworks isn't going to fix the problem of chasing shiny objects. An actual change in thinking is required to stay focused and form an impactful, long-reaching strategy that can be acted upon with conviction. I recommend a few key areas of training– leadership styles that I have found beneficial in the past:
Situational leadership
Adapt your leadership style based on your team’s needs. Instead of telling them what to do, focus on empowering and supporting them to find the best solutions. Know when to switch between directing, delegating, coaching, and supporting leadership styles.
This is the type of thing people can just read about. I have been on several teams that thought they had excellent situational leadership, yet when we did actual training in this area, they struggled and failed the (thankfully for them, non-graded) tests. However, the tests, inquiry-based learning approach of the training, and roleplay seemed to help those folks unlock new skills and empathy that benefitted them, the company, and their teams.
Servant leadership
Focus on enabling and empowering your team rather than controlling every detail. Trust your team to develop creative solutions that align with your business goals.
I think this works best in tandem with situational leadership. It can really help bring others along, help them help themselves, and steward a new batch of leaders.
Transformational leadership
Inspire your team with a clear vision and long-term goals rather than jumping on trends. Help them see the bigger picture and how their work contributes to it.
A good transformational leader is a source of inspiration and influence that motivates teams toward lasting change. Similar to servant leaders, transformational leaders love to enable and draw the best out of their people through collaboration, not dictation.
There's an underlying theme here, too. Good leaders know when they need to stay out of the weeds. They're wise enough to recognize the difference between which problems their teams should be closest to and which problems they should be closest to. As businesses scale, a leader's proximity to customer-level problems and understanding the solutions that may address those problems start to be hindered. It takes a lot of emotional, intrapersonal, and interpersonal intelligence to notice that happening and not just let go but enable and empower those who need to take the reigns.
Technology like AI can be compelling—but only if applied in the proper context and with a clear purpose. Before jumping on the next shiny object trend, take the time to understand your goals, your strengths, and the real problems your customers face. That’s the best way to stay ahead of the competition and build a product that truly delivers value.