12 ChatGPT prompts to improve your business decision-making with mental models:
Risk-Reward Analysis:
Prompt: “Analyze [my business decision] through Risk-Reward Analysis. Evaluate the potential risks against the potential rewards to understand the balance and make an informed decision.”
Network Effects:
Prompt: “Analyze [my business decision] through the understanding of Network Effects. Consider how the value of a product or service increases as more people use it.”
Cost-Benefit Analysis:
Prompt: “Apply Cost-Benefit Analysis to assess [my business decision]. Analyze the expected balance of benefits and costs, including possible risk and uncertainties.”
Lean Startup Principles:
Prompt: “Apply Lean Startup Principles to [my business decision]. Focus on creating a minimum viable product, measuring its success, and learning from the results. How can this iterative approach accelerate development and reduce risks?”
Innovation Ambition Matrix:
Prompt: “Evaluate [my business decision] through the Innovation Ambition Matrix. Plot initiatives on a matrix to balance core enhancements, adjacent opportunities, and transformational innovations. How can this strategic balance drive sustainable growth?”
The Pygmalion Effect:
Prompt: “Apply the Pygmalion Effect to analyze [my business decision]. Recognize how expectations can influence outcomes, both positively and negatively.”
The Five Whys Technique:
Prompt: “Utilize the Five Whys Technique to analyze [my business decision]. Ask ‘why?’ multiple times to get to the root cause of problems or challenges.”
Black Swan Events:
Prompt: “Evaluate [my business decision] considering the possibility of Black Swan Events. Understand how unforeseen and rare events might impact the decision.”
Long Tail Strategy:
Prompt: “Analyze [my business decision] focusing on the Long Tail Strategy. Consider how niche markets or products may contribute to overall success.”
Cynefin Framework:
Prompt: “Utilize the Cynefin Framework to assess [my business decision]. Categorize the problem within domains such as simple, complicated, complex, and chaotic to choose the best approach.”
The Eisenhower Matrix:
Prompt: “Use the Eisenhower Matrix to evaluate [my business decision]. Categorize tasks or elements based on urgency and importance to prioritize effectively.”
Prospect Theory:
Prompt: “Utilize Prospect Theory to assess [my business decision]. Understand how people perceive gains and losses and how that can influence decision-making.”