Make Way for the Metaverse
? Sue Tinnish, PhD
Empowering Leadership & Growth | Executive Coach | Vistage Chair | Peer Group Facilitator
Find information and resources to?Make?A?Difference - in yourself and your organization.?Welcome to this week's?MAD?newsletter. Features this week include?#Metaverse for your company, #CEOConfidence , ##ChatGPT ,?#DecisionMaking and more.
In this issue:
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Make Way for the Metaverse
The investment and interest in the metaverse is growing.?The metaverse potentially offers business of all sizes, including possibly yours, a way to reach new markets and customers that you wouldn’t be able to reach in the physical world.?This McKinsey infographic offers you an opportunity to think about the metaverse in 5 minutes or take a deeper dive.?This second article, The Value of the Metaverse for Small Businesses , encourages you to:
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Cheating at SWOT
One of the oldest tools in the strategic planning tool kit is the SWOT (strengths, weaknesses, opportunities, and threats) analysis.?It’s ubiquity in planning meetings for decades attests to its usefulness.?
As useful as it is, there are so many items that might fall into any SWOT category that we might forget, overlook or not even be conscious of because we’re not already thinking about them.??We all know from bitter hindsight that strengths are often overlooked, weaknesses not uncovered, opportunities hiding in plain sight and threats unperceived.?
To mitigate these unpleasant outcomes, you can?sharpen this time tested tool with a??Swot Cheat Sheet which lists many examples of?strengths, weaknesses, opportunities and threats that might be ignored or not eve come to mind but for this handy list!?What are the SWOTs for your SWOT?
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Where’s the Confidence?
The Vistage CEO Confidence Index has provided a quarterly comprehensive report of the opinions and projections of CEOs of small- to mid-sized companies about the economy, their hiring and investment plans, and prospects for their revenues and profitability.
Since 2003, the Vistage CEO Confidence Index has been an accurate predictor of future GDP and growth.
For the last quarter, the Vistage CEO Confidence Index posted another small quarterly gain, although it remained well below last year’s level. The CEO Confidence Index in the 4th quarter of 2022 was 75.3, up 2.5% from last quarter but 22.9% below last year’s level.
The two components that posted the largest gains in Q4 2022 were:
Two other index components posted quarterly declines, largely due to interest rate increases:
?You can access the full results at?Q4 2022 Confidence Index Report .
领英推荐
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A Chat about “Chat”
(ChatGPT, that is)
?“A watershed moment”?is how several panelists on a BBC segment characterized the latest technology in the Artificial Intelligence(AI)?arena: ChatGPT.?Basically, ChatGPT answers questions based on written prompts and is able to provide essays, poems, and even computer-generated code. The dialogue format makes it possible for ChatGPT to answer follow up questions, admit its mistakes, challenge incorrect premises, and reject inappropriate requests.
Microsoft is mulling a reported $10 billion ChatGPT creator Open AI.?
As a BBC segment that provided an 8-minute overview ?of this technology stated,??“It puts AI in the hands of the masses.”
For a Chat Tutorial/Crash course,?click here. ??I’ve used ChatGPT already in my business.?No doubt, you have employees who are already using this……and competitors as well.?I also included a discussion about ChatGPT in an earlier newsletter archived on LinkedIn: All the Chatter: ChatGPT and Fusion .
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Judgment and Decision-Making Traps for Leaders
With Vistage Speaker Krishna Pendyala
?It’s said that “good judgment comes from experience and experience is the result of bad judgement.“?Vistage Speaker Krishna Pendyala will offer a 90- minute virtual workshop?Judgement and Decision Making Traps for Leaders?on?Friday, January 27 at 10:00 a.m. CST?to help you make better calls and bets and on what’s ahead.?Click here for more information.??We welcome non-Vistage members to this event.?https://tinyurl.com/VistageInvite
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Econ Recon
Soft Landing?:??Economist Brian Wesbury writes in a recent blog post:?“Our forecast for real GDP growth this year is -0.5, with inflation remaining above 4%. In other words, a recession with higher inflation – stagflation. That’s what we expect…and it’s not a soft landing.”??If you’d like to know why,?click here. ??Also, here is the newest update to his?High Frequency Data Tracker.
Main Street ain’t Wall Street:?The Debt Ceiling Crisis:??If you’re worried about the Congress failing to raise the debt ceiling, ask yourself how worried you were the last time this was big news….or the other 70 times since 1960 that our elected reps had to deal with this process.?Economist Brian Beaulieu reminds us we’ve been here before?and that Main Street matters more than Wall Street.??If you’ve got three minutes, he’ll tell you why.
About that 2030 Great Depression:??Most Vistage members have benefited from the economic forecasts of Brian and Alan Beaulieu of ITR Economics.?For many years, the brothers Beaulieu have been forecasting a Great Depression for 2030 of a degree similar to that of the 1930.?ITR’s blog page this week features?two new articles on what’s ahead in seven years:??“A 2030s Great Depression Update ” and “What Will the World Look Like in AFTER the 2030s Great Depression ”.??
That’s the bad news.??The Good News??You have seven years to get ready!
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I encourage sharing. Please re-share this post on social media. I also distribute via email and welcome new subscribers. 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 ?
ManageHub.pro | Baldrige Based Tools, Training, and Support | Integrator | CEO & COO Services
1 年Sue Tinnish, PhD Love the SWOT cheat sheet! I think it will help leaders avoid blindspots.
Helping high-ticket B2B service businesses close MORE deals FASTER at HIGHER PRICES using First-Time Offers that will break your cash register. ?? Podcast Host ?? Multi Best-Selling Author
1 年I've been using ChatGPT when I need to do research for landing page copy or email copy. I don't have it write the copy for me. Still believe an excellent copywriter will out-perform AI. But it is helpful in the research phase. Example: Had to write email copy and landing page copy for an audience that I didn't fully understand. (still not sure I understand them). Based on research delivered by ChatGPT, I wrote the copy. The end result was a 52% conversion rate from email-driven traffic.
Helping SMBs insource growth plan execution without a full-time PMO using the Executagility Model?.
1 年Interesting to see that CEOs expect their own profitability to go up when they simultaneously expect the national GDP to go down.
Human performance catalyst, trainer, coach, facilitator, conflict mediator
1 年Sue Tinnish, PhD So encouraging to see that CEO confidence is up!
President at Optimize | Keynote Speaker at Vistage Worldwide | Forbes & Inc.com Contributor | Expert Strategy Facilitator
1 年I love my VR glasses!