There is an abundance of business opportunities to do good, expand business market reach and brand positioning; however these are the top four Abundance Opportunities that the Abundance Studio will be paying a close attention to this 2024.
Branded AI Assistants
Closing the Social Isolation Gap
The Economic Orbit Around Excessive Heat
Harnessing the Value of Aging Populations
Each one of these as a wide range of opportunities and this article will go over some of those possibilities.
1. Branded AI Assistants
Branded AI Assistants change and upend traditional brand engagement giving users, customers and prospects the ability to get closer to a brand on their terms. Some illustrative examples include:
First Contact Virtual Receptionist: Much like Google organized the world's information, this branded AI Assistant use case organizes your organization's information.
Reinforce Authority & Promote LeadGen: An opportunity to create a freemium value upgrade by demonstrating interactable expertise.
A Library of a Brand's History & Value Proposition: An interactable time-vault of an organization, story and value proposition.
One Stop Events Information Base: Events will never be the same with interactable, precise information for meaningful and productive event experiences.
Extension of a Brand's Personality: A new tool in the brand toolkit for brand self expression like no other.
For more expanded ideas on each of the above check out the Abundance Studio article on the ways branded AI assistants are a key component of a brand's portfolio.
2. Closing the Social Isolation Gap
In December 2023 the World Health Organization identified loneliness and social isolation as a global public health crisis. There is a tremendous amount of opportunity abundance in addressing this issue. Some illustrative examples include:
Future of Work Policies: There is an opportunity to reimagine workplace and retention strategies to contribute to closing this gap. Particularly important in an era of shifting demographics.
Business Innovation: The loneliness public health crisis is an invitation for business innovation to include and consider how loneliness affects their customers and how they can serve them better within this context of mass social isolation.
Customer Compassion Centricity: The loneliness epidemic is a call for business to shift their thinking from customer obsessed to customer compassion centric when developing and delivering services and products.
3. The Economic Orbit Around Excessive Heat
Climate change is affecting communities, the planet’s natural habitat, food availability and businesses alike. As extreme events continue and excessive heat adversely affects the health and wellbeing of all species on earth there is an opportunity for businesses to shift their attention to the abundance of opportunities around the orbit of excessive heat. A couple illustrative examples include:
ESG Like You Mean It: It’s been proven time and time again that companies who are strong on Environment, Social and Governance initiatives see more revenue. There is tremendous opportunity to be creative about how value chains (and supply chains) can be re-designed to support global climate targets and minimize existing and on-going harm due to excessive heat.
Luck Favors the Prepared: “If you fail to plan, you plan to fail.” It is no different with mitigating and managing the impacts of excessive heat. The opportunity of abundance is considering the implications past the second order of effects. This is where more creative, inclusive and sustainable proactive business innovation can arise to protect an organization’s future business operations viability and growth.
4. Harnessing the Value of Aging Populations
Demographics across many markets are shifting towards aging populations. There is an opportunity for abundance in tapping into the market of older populations as well as their talent and experience. A couple illustrative examples include:
A Growing Market to Capture: There is an abundance of opportunities by taking the experience and desires of aging populations seriously. With disposable income and time, there is a large open market to be captured.
Flexible Talent Retention Programs for Competitiveness: Many organizations are bracing themselves for the mass retirements of the older demographic. Instead, this is a moment of opportunity to proactively plan for and re-define the talent-company relationship to retain competitiveness.
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✨ If you'd like creative new business strategies for growth and competitiveness reach out as there is a world of opportunity and the Abundance Studio would love to help you go after it! 🚀
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