CONCLUSION
In summation, as we stand on the cusp of a new era, it is the synergy of
AI and human intelligence, bolstered by a foundation of ethical
integrity, that will shape the business world’s destiny. This study
serves as a compass, guiding enterprises through the exhilarating yet
intricate maze of AI-driven business strategy formulation.
Recap of the Study’s Central Arguments and
Findings
- Fundamental Shift to AI-Augmented Strategies: Transition from
traditional, human-centric strategies to AI-enhanced processes has
been profound (Brynjolfsson & McAfee, 2014) [5].
- Applications Across Sectors: Notable improvements in
healthcare (Sun & Medaglia, 2019) [34] and strategic advantages
in e-commerce, exemplified by Amazon (Zhu & Liu, 2018) [42].
- Ethical Considerations: The study highlights the importance
of addressing algorithmic biases and ethical dilemmas in AI
(Buolamwini & Gebru, 2018) [7]; (Rahwan et al., 2019) [26].
The Future Trajectory of AI in Business Strategy
Formulation
AI is poised to continue its transformative influence in various
industries, necessitating organizations to adapt and evolve
continuously (Makridakis, 2017) [20]. The future will likely see
AI as a strategic partner, collaborating with human intelligence to
drive business and societal progress.
Closing Remarks on the Intersection of Technology, Strategy,
and
Ethics
The intersection of technology, strategy, and ethics is crucial in the
modern business landscape. While AI offers immense capabilities,
organizations must uphold ethical standards (Russell, Dewey, &
Tegmark, 2015) [28]. The key takeaway is the need to balance AI’s
computational power with ethical integrity, ensuring a blend of
technological advancement and human values.
This study presents a comprehensive view of AI’s growing influence in
business strategy, emphasizing the need for ethical considerations and
continuous adaptation in a rapidly evolving technological landscape.