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Home --- Topics --- March 2023 16th issue: Asked ChatGBT about management improvement

March 2023 16th issue: Asked ChatGBT about management improvement

Recently, the progress of AI is remarkable, and it also gives advice on management improvement. This time, I asked ChatGBT, which has been a hot topic recently, how to increase sales and improve profit margins. He or she answered me very politely. There is no reason not to use AI in business today. If you are a business owner who has recently faced a difficult management situation and wants to improve your business, let AI give you advice on how to improve your business.

March 2023 15th issue: Three Points to Expand Children's Possibilities

I asked two questions this time and got the following answers.

Question 1. What can I do to increase my sales?

ChatGPT's answer to question 1:

Here are some ways to increase your sales:
1. Improved marketing: Adopting a marketing strategy that aligns with consumer needs for products can increase market share.
2. Product improvement: By improving your product, you can turn your current customers into repeat customers. This also leads to the acquisition of new customers through word of mouth.
3.Expansion of sales channels: By developing new sales channels, you will be able to approach new customer segments. For example, opening an online shop or expanding into overseas markets.
4. Customer follow-up: Customer follow-up is very important to encourage existing customers to purchase. Sending out newsletters and regularly distributing discount coupons are effective.
5. Strengthening of staff training: Improving the ability of staff can increase customer satisfaction. This increases customer loyalty and strengthens word-of-mouth and reputational traffic.
Here above are some of the best ways to increase your sales.
(quoted from ChatGBT)

Question 2. As a company, how can we improve our profit margins?

Answer to question 2:

Here are some ways to improve your company's profitability:
1. Cost reduction: By improving raw material procurement and product production efficiency, we can reduce costs and improve profit margins.
2. Re-pricing: You can improve your profit margins by re-pricing considering your competitors and market prices.
3.Improve sales promotion: By reviewing the cost-effectiveness of sales activities and improving campaigns and promotions that are too costly, profit margins can be improved.
4. Reviewing the product lineup: By shifting to products with high profit margins, we can improve our profit margins.
5. Labor cost reduction: By automating production lines, outsourcing, and reducing personnel, labor costs can be reduced and profit margins improved.
6. New business development: You can improve your profit margins by entering new businesses and markets and establishing a dominant position.
Here above are some of the best ways to improve your profit margins. However, these efforts must be coordinated across the enterprise. It is also important to consider improvement measures from a long-term perspective.
(quoted from ChatGBT)

Is AI effective in improving management?

I got so many responses to just two questions. I think you've come up with a very broad-ranging answer. When you want to increase sales or improve your profit margin, ask AI questions and you may get advice from a perspective you didn't realize.
I believe that the use of AI will continue to expand in the future.
For example, in shogi, the use of AI is very widespread. By using AI, you can notice that the hands that are not easily noticed by humans are effective. AI has the effect of changing the human perspective and breaking down stereotypes.
Of course, AI doesn't always come up with the correct answer. It may be vague and vague at the point, or it may recommend a high-risk option. Answers by AI are only for reference, and should be taken as one of the proposals, and human judgment is required in the end.
AI will respond differently depending on the question. It may also be important to devise ways to ask questions so that AI can give more specific and accurate answers.
Expectations are high for the future evolution of AI. As a manager, it will become increasingly important to pay more attention to AI trends and actively incorporate AI into management.


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