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Showing posts with the label Scarcity

What is AI Readiness?

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  AI Readiness: Preparing for the Future of Business Development As we stand at the cusp of a technological revolution, understanding AI readiness is paramount for businesses aiming to thrive in an increasingly digital landscape. But what exactly is AI readiness, and what does it entail for both individuals and companies? In this comprehensive post, we will delve into the concept of AI readiness, explore its implications for business development, differentiate between individual and corporate readiness, and provide practical examples. What is AI Readiness? AI readiness refers to an organization's or individual's preparedness to adopt and integrate artificial intelligence technologies into their workflow. This encompasses various factors, including the availability of the right infrastructure, access to data, a culture that embraces change, and the necessary skills for effectively utilizing AI. Why is AI Readiness Important for Business Development? 1. Competitive A...
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What's Scarcity's Hidden Power?

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Recommended Reading: The Power of Scarcity by MINDY WEINSTEIN, PHD Dear Readers, Thank you for taking the time to read today’s business moment. I just want to emphasize that this writing is not a substitute for reading the book. The book is comprehensive, and our weekly Business Development Moment is merely a guide in which I emphasize specific questions and themes in light of the book. How should you read this book? The book includes two parts "Understanding Scarcity" explains why and how scarcity works, while "Using Scarcity" explains how it is applied and what makes it effective. It also includes a list of Key Selling Points about scarcity that can be applied to a variety of situations. Why MINDY's book is crucial and a must read? Scarcity is a powerful principle that can be used to boost sales, win negotiations, ignite action, develop community, build customer loyalty, and create fun and excitement. It invokes primal instincts that are key to surv...
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