Escaping the (Health) Matrix

Find information and resources to?Make?A?Difference - in yourself and your enterprise.?Welcome to this week's?MAD?newsletter. Features this week include?#SVB, #AI,?#DanielPink on "er-ing" and more…

In this Issue:

1.?????Escaping the (Health) Matrix

2.?????Venture?Catastrophists

3.?????AI:??The Next Generation

4.?????The Power of?"-er"

5.?????What Fortune favors

6.????Econ Recon ?

7.?????Last Call

Escaping the (Health) Matrix

The secret to great health? Escaping the "healthcare matrix" which requires challenging the principles currently guiding us.?Work from the McKinsey Health Institute scrutinizes the mindsets and behaviors against the best-available evidence to reveal that the priorities, strategies, and budgets for individuals and of governments, schools, businesses, social institutions, healthcare providers, and employers are, at least implicitly, based on a myriad of half-truths and outdated ideas. For example, the article (and podcast) notes that we often associate disease and health.??However, the absence of disease does not, necessarily, imply great health. Similarly, the presence of disease does not, necessarily, impede function, especially if symptoms are well managed.

The article concludes:??Every business?realizes it is in the business of health.?Every employer?recognizes the profound impact that an employee’s (life and) experience…materially affect?every?modifiable driver of health.?Read their 8 points in The secret to great health? Escaping the healthcare matrix.

Health and wellness will be the featured focus at my next Vistage meeting with Dan Miller,?The Happy Healthy Human on April 19? (www.danmillerwellness.com). If you would like to hear Dan and see a Vistage meeting first-hand, reach out to me.

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“Venture Catastrophists”

The demise of Silicon Valley Bank and the financial dominos yet to fall dominated business news this week, and the facts of the event need no repetition from me. But?if you’re NYU Professor and entrepreneur Scott Galloway it’s not too soon to begin extracting some lessons?and making some judgments regarding diagnosis, prognosis….and who the heroes and villains of the moment are.

Students of business and economic history know that we’ve been here before.?

As Mark Twain said, history doesn’t repeat itself, but it rhymes.

While the safeguards of the banking system embedded in law and regulation may prevent or mitigate the severity of earlier bank runs, we clearly have not immunized ourselves from the possibility of same.

Dr. Galloway identifies the essential element of coping with bank runs….and it’s not financial. His recent post,?Venture Catastrophists??emphasizes the role that leaders have not only to their companies, but to our society as well in preventing and responding to such crises.

AI: The Next Generation

I’ll be sharing new developments in AI and ChatGPT as they occur?because they’re happening so fast. Fortunately, the Vistage community has great resources that are available to both members and non-members.

Several Vistage speakers got together for a 60-minute, C-Level presentation on this topic. It’s available.?Check it out here.

Also,?Vistage IT Security Pro Mike Foster’s blog should be bookmarked. His most recent post discusses?the newly revealed version, Chat GPT-4. In addition, he has a great list of?useful artificial intelligence sites for specific applications.

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The Power of “-er”

Most of the requests we make of others be they peers, superiors or subordinates usually ask someone to?do?something.??There’s usually a?verb?that demands an action such as “give,” “take,”,“sign up”, “vote”, “contribute” etc.???

Management writer Daniel Pink in a recent blog post interviews Jonah Berger from the Wharton School who suggests that?adding “-er” to these verbs in our requests to make them nouns can make a world of difference in our success.??A five minute video from Pink’s Pinkcast,?Here’s how adding two letters can boost your powers of persuasion.

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What Fortune Favors

The founder of modern microbiology, Louis Pasteur, remarked that?“Fortune favors the prepared mind.”?The same is true for companies.

Outside accounting firms and lawyers have long contributed to the health of many businesses, and CEOs might be well advised to?consult investment bankers,?even if their company is not ready to sell.?A one page article from Chief Executive Magazine explains why:??Investment Bankers: A User’s Guide for CEOs.

Econ Recon

Ignore the Crazy:???Wow!?What a crazy week!??Bank failures…..Dow down 700 points during one session. What’s Next???Economist Brian Wesbury says?Ignore the Crazy?and focus on some fundamentals.

Beyond the Crazy: ITR Economics has a few choice words about the SVB debacle (‘they did it to themselves”)….but suggests you look beyond the crazy banking situation and the Fed’s response.?Don’t let the current banking fiasco divert your attention from the other actions of the Fed and their impact on the real economy.?His March 17, 2023, edition of ITR’s “Fed Watch” explains why.

?LAST CALL: Manage Your Time by NOT Managing Your?TIME!

Learn how at our Next Vistage “Life of Climb Event” featuring Vistage Speaker Maura Thomas this Friday, March 24, 2023.

There is no end to courses on time management.???If one really worked there wouldn’t be so many of them.???

Maybe the issue isn’t about managing time,?but managing?what creates a shortage of it.??

Personal Productivity Expert and 2021 Vistage Top Speaker Performer Award Winner?Maura Thomas?has a different take on productivity that hundreds of Vistage Members are using to have different choices about their time and drive productivity in their organization.

You’ll hear an executive summary of the in-depth presentation?she has shared with our members over 250 times on?Friday, March 24, 2023, at 10 a.m. to 11:30 a.m. CDT. Register now for this CEO CLIMB online event:??Undercover the Productivity Problem That Could Be Costing Your Company Millions.

This is open to non-members.?Please attend: Your life might be different afterward. I know my work habits changed after listening to Maura.

I welcome new subscribers. Please repost or encourage others to subscribe.?I also distribute via email. Wishing you a productive week!

Sue Tinnish, PhD,?Vistage Chair, Facilitator, & Executive Coach

Find me easily at: 847.404.7325,?[email protected], Twitter:?@STinnish, LinkedIn:??www.dhirubhai.net/in/suetinnish, Website:??https://vistage.com/chairs/sue.tinnish??