Why is developing an Al strategy NOT the first step in the AI Transformation Playbook?

When transforming a company into an Al company, one does not need a strategy, therefore it can't be the first step.

There is no reason. Developing an Al strategy IS the first step in the Al Transformation Playbook.

The strategy should be to use the Virtuous Circle of AI$,$ which comes after building a product.

Without having some practical Al experience and knowing what it feels like to build an AI project, a company usually does not know enough to formulate a sound strategy.