Just over six months have passed since ChatGPT was introduced to the world. Leaders are already questioning how they handle everything from drug research and financing to talent management and alliances, just like with every prior transformative technological transition. However, despite companies’ struggles to attract and keep the talent they need to stay ahead of the next wave of employment, jobless rates are still close to a 50-year low.
Businesses are increasingly recruiting people based on their skills. A transaction coordinator, closing coordinator, or marketing specialist are some examples of this in real estate.
There is a lot of AI experimentation. Every training course on AI has been fully enrolled from coast to coast as ChatGPT has emerged as a cutting-edge technology. For business owners, there is a hurdle, though.
Even though a lot has changed, disruption is still what makes work today what it is. The biggest risks will be taken and the biggest rewards will be found by those who embrace change.
There is no such thing as an AI specialist because it is so new. The best course of action is to download and experiment with the AI tools from Bard, ChatGPT, or Bing. Always remember to practice using it. You’ll notice an improvement in the delivery when your commands are more specific.
Students have discovered that AI can also be a useful tool for learning. Due to the fact that students are using AI to compose their papers and assist in the creative process, teachers have had to modify their curricula. Do you recall the math teacher telling you to “Show your work” in high school?
Software like originality.ai is used by teachers to identify plagiarism in student papers. It is essential to prevent pupils from learning shortcuts in place of engaging in cognitive thought.
As a result, innovative educators are providing the responses before asking questions of their students. The task is to reverse engineer the outcome in order to move forward and backward to track the thought process. Is this an original strategy that we need to consider from a business standpoint?
We’ve been doing this kind of work in real estate business planning for years. How many closings are necessary to get the required annual gross income? Subtract the tax obligation and additional costs. What about the internet? Do you have any experience with this training? In the realm of real estate and other small enterprises, this type of planning has been used for generations.
Everything here is based on organizational ideals in business. Few businesses today are marketing their business values in the same way that some are promoting their social and political ideals. With time and increased usage, it will be interesting to see if bias has crept into the Realtors’ AI.
The workplace is being turned upside down by short form videos like those found on TikTok and Instagram Reels. Buzzwords like “quiet quitting” and “bare-minimum Mondays” became well-known after short form video applications started to host footage of employees discussing them. What role does video play in your company’s business plan? The vast majority of small companies (Realtors) don’t even have a YouTube channel. Given how much content there is in the real estate industry, this is disheartening.
One must keep in mind, as a business owner, that today’s youth almost grew up on social media. Businesses need to figure out how to reach the TikTok generation because video is how they want to learn. Generation Z is curious about who you are, what you believe in, and what you stand for. They won’t even think about working with you without they.
It might be difficult to manage a business. Failure thrives in this uncharted territory. There are clever failures, nevertheless, that can benefit your company.Amy Edmonson, Professor of Leadership and Management at Harvard Business School has four criteria for intelligent failures that help drive innovation.
- Failure in pursuit of an opportunity. Where you believe there is an opportunity to advance to a valued goal.
- It is new territory and you can’t just Google it.
- You have a hypothesis. You have done your homework and you are not just randomly throwing darts at the wall.
- It is small and you will learn from the experience.
Don’t be afraid of innovation. Don’t be afraid of trying something new. Massive success comes from stepping outside of your comfort zone.