ChatGPT can be defined as a natural language processing tool operated by AI technology that helps us to have human-like conversations and much more with the chatbot. The ChatGPT language model can answer questions and help us compose essays, emails and code.
Usage is currently open free of charge to the public because ChatGPT is in its feedback and research collection phase. As of Feb 1, a paid subscription model called ChatGPT Plus has been launched.
Concepts and applications
Let’s discuss the technology uncertainties that ChatGPT brings with its launch in the market:
a) Combination of ChatGPT and natural language technology
The future of technology is comprehensive and empowering cyberattack and defence as a natural language technology based on natural language generation enables ChatGPT to mimic spoken or written human language, which can be utilized in computer code generation.
To protect the content from being robbed, the user must filter the look and content for phases suggesting if the cyber attacker is attempting to run it. But no platform has ensured that these NLG iterations will be safe from the ChatGPT protection risks.
To protect the content from being used in malicious functions, the user must cut out the content and look for phrases suggesting if the cyber attacker is trying to misuse it. But, no platform has ensured us that these NLG iterations will be from these ChatGPT security risks.
B) Write Malicious Code
With the nurture of the AI chatbot, one of the most significant ChatGPT protection risks will be writing code. Thieves can use the AI-powered prototype ChatGPT in code debugging and development.
Conclusion
While AI is the most revolutionary technology of the 21st century, its impacts on current markets are yet to be seen. We are at the start of the adoptive curve of artificial intelligence, its accompanying technologies, and the long-term advantages will soon be seen.
Introduction
To describe a small-scale organization efficiently, it is essential to first learn about the company. The term company can be defined as many employees as possible working for one organization based on the sole purpose of earning profits. Small-scale companies, therefore, refer to those sole proprietorships, partnerships or corporations that function on a lower scale, employing a smaller set of employees and generating less income than normal-sized businesses or companies.
Concepts and applications
Let’s create a vision mission and set a clear objective for trebling the company’s revenue:
a) Setting a clear objective
As with any strategy, we need to start with objectives. The overarching question is: what do we want to achieve with our company and why?
But we will want to divide that question into a few distinct questions:
How much revenue?
So as mentioned in the question, the current revenue is Rs. 500 million, and the company wants to treble its Rs. 1500 million in the next 5 years.
How many employees do we want to have in the next year? 3 years? Or 5 years?
The details are important. A see-how-it-does attitude won’t influence our employees or us and will make it complex to understand if and how we are doing against our goals.
Conclusion
As asked in the question, we have stated various steps that can help the string scale organization to treble its revenue in the next 5 years. The company should take the above steps and phases to achieve its objectives.
3a. Introduction
Subsidiaries are usually called the daughter companies, and the organizations that control or own them are usually called parent companies. Where a parent firm does nothing except hold stocks in a subsidiary firm or organization, it is called a holding company. Collectively, these related firms are sometimes called corporate groups.
Concepts and applications
Let’s discuss some advantages:
a) Access to a new market for the products and services
Establishing a foreign subsidiary develops a legal entity in another nation. Legal entities can market their services and products to a local population. They can also export and import goods.
Moreover, organizations with a local presence can grow their brand recognition in new markets to increase their revenue and profits.
Conclusion
Running a business in a foreign land has numerous benefits and disadvantages. A few of which we have discussed above. The user can use it for his own purpose.
3b. Introduction
Running a business in a foreign land is a complex task. It is not an easy job and requires a lot of resources, including time, effort and money. On the other hand, entering a foreign land to run a business is double difficult as we need to be made aware of the foreign culture, norms, and other factors that make business activities difficult.
Concepts and applications
Let’s discuss some ways that an Indian company can use to enter into Sri Lankan market:
a) Be sensitive to cultural norms and local markets
Every country has its own business standards and norms, so don’t generalize the market plan and strategy as per the country’s policy.
Certainly mentioned, things like employment benefits, laws, entitlements, and data security regulations differ from country to country, and everyone must abide by them.
b) Plot the sales strategy
Stay within the plan of one size fits all. Choose an effective method per the country’s business policies through partnership, having employees on the ground or franchising. Be aware of the contractors.
Conclusion
We have discussed various steps that can be used by the Indian company to enter the Sri Lankan market.
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