Do you really need a chief AI officer?
Hiring a Chief AI Officer is all the rage, but not all organizations need such a role. Whether yours does will depend largely on where you are at in terms of working...
by Peter Vogel, Malgorzata Smulowitz Published 1 October 2024 in Brain Circuits • 3 min read
Start without a strategy and allow yourself to evolve through experimentation and learning, rather than establishing a fixed, over-arching approach that might require significant effort to get underway or create tensions within the partnership.
Make sure that people of similar rank are involved in the collaboration from the start, and throughout the project. If one partner sends a junior figure to attend meetings, it can give the impression that they are not taking the initiative seriously. It also risks making decisions that don’t get the approval from HQ, derailing the partnership, and undermining future decisions.
It’s key to partner with organizations who share the same big-picture goals and who have a positive attitude towards collaboration and collegiality.
Parties need to be mindful of the boundaries in terms of what they contribute through collaboration versus what is managed within their own organizations. Establishing clear boundaries is essential to avoid creating overlaps or misunderstandings.
In successful collaborations, partners must trust and support each other, be willing to compromise and acknowledge that no one has all the answers.
Make sure to have a dedicated coordinator who is pulling everyone together, harmonizing things, and identifying where people have different opinions.
The 8 essential design principles for a matrix organization
Resetting collaboration in a changing world
Perfect the art of collaboration: Understanding partners’ needs and cultures
Sustainable finance: Acceleration depends on cross-sector collaboration
Breaking down the barriers to ecosystem collaboration
Test yourself: Are you ready for real collaboration on sustainability?
Professor of Family Business and Entrepreneurship at IMD
Peter Vogel is Professor of Family Business and Entrepreneurship, Director of the Global Family Business Center, and Debiopharm Chair for Family Philanthropy at IMD. He is Program Director of Leading the Family Business, Leading the Family Office, and Lean Entrepreneurship. Named in the Poets&Quants 2022 list of the best 40 MBA professors under the age of 40, Peter has been published in peer-reviewed academic journals and has written a number of books, book chapters, and scientific and practitioner-oriented reports.
Postdoctoral Research Fellow at the Debiopharm Chair for Family Philanthropy at IMD
Malgorzata Smulowitz is a Postdoctoral Research Fellow at the Debiopharm Chair for Family Philanthropy at IMD. She has published work on numerous topics including family philanthropy, cohesive giving, the use of blockchain in philanthropy, and impact data management. She holds a PhD in economics, management and organization from Universitat Autònoma de Barcelona.
4 October 2024 • by Ann-Christin Andersen , Achim Plueckebaum, Michael R. Wade, Anja Lagodny in Brain Circuits
Hiring a Chief AI Officer is all the rage, but not all organizations need such a role. Whether yours does will depend largely on where you are at in terms of working...
3 October 2024 • by Francesca Giulia Mereu in Brain Circuits
Our creative strengths drive our ideas. Yet, if we overplay them, they can drain that creative energy and become self-sabotaging loops. ...
2 October 2024 • by Jennifer Jordan in Brain Circuits
Parent-child dynamics are appropriate between actual parents and children, but not in the workplace. Leaders sometimes act as parents to middle managers, seeing them as incapable of taking the initiative; while...
30 September 2024 • by Julia Binder in Brain Circuits
In today’s rapidly evolving market environment, businesses face growing pressure to move beyond the outdated ‘take-make-waste’ model. The future belongs to those who embrace circular, resource-efficient, and regenerative practices. But how can...
Explore first person business intelligence from top minds curated for a global executive audience