Will China Replace the USA As the New Superpower?

China Socialist Empire has grown enormously strong since 1949 and many are wondering if this mighty economic giant will surpass the United State in the near future.

The rise of China economy is startling, consider that China hold the number three spot in power on the world stage next to Russia, which include the number one ranking GDP, which has surpassed the United State plus its transparency and influences are increasing, therefore, it is impossible not to be aware of its presence. Furthermore, the Yuan has become the third reserve currency next to the US Dollar and Euro.

The Chinese Yuan is as a strong contender against the US Dollar since they want to enforce more control over their economy, there is a push to make sure that their system of money become globally accepted. This drive may be to cement itself, as the best replacement of the US Dollar as the universal currency. The recent news that Venezuela is now selling oil for the Yuan instead of the US Dollars doesn’t sound so good, plus rogue countries that are suffering under a sanction imposed by the west are using the Yuan as a tool for survival. Furthermore, the number of countries with close ties to China have been conducting their trade and investment under the radar with the Yuan, they are Russia, Germany, Sweden, Malaysia, Australia, Indonesia and Canada.

Today 1.3 billion citizens of China are experiencing a better standard of living and many have risen to prominent status, recognition, and power. Its strong growth has increased the number of self-made High Net Worth Individuals and they have overtaken the United State with the most Billionaires at 637 to the United State 342. Their Diplomatic Public Relation skills that are utilized seem to have made a big impact with other countries far and wide, which has made it become one of the most favorable country today.

Meanwhile the United State seems to resemble a shadow of its former self, even though it still wield external economic and military might, however, its influence and respect seem to have gone warm and its image has suffered a steep decline among its allies, plus its favorites is at all-time low in countries such as Africa, Asia, Europe, Latin America, and North America. The American Dream appears to be fading due to the decline of the economy, and its prospect become difficult for the youth of today to access a better standard of living than their parents of former days, according to an article published in Eureka Alert, by the America Association for the Advancement of Science. Meanwhile the Pew Research Center, state that, there are few adults in the middle and upper-income bracket, but there are more occupying the lower class.

Today international investors are becoming more concerned about where they place their investments.

They observe that Washington has not yet passed a budget, nor enforce credible action to pay down their creditors’ bills. Which is viewed as an unsafe heaven for investment and that is not good. Lately, the United State has been conducting financial sleight of hand by moving money around in order to ensure that they do not run out of cash. They have borrowed approximately $19.8 trillion, where one third of this amount is owing to itself, $6 Trillion from Major Foreign Holder of Treasury Securities, which include foreign countries, companies and individuals, $1.1 Trillion is owed to China and the same amount to Japan plus the balance of US citizens and business include local and state Government. It’s still an amazement to see that the International Credit Rating Agencies, Moody and Fitch gave the United State as three “A’s” credit rating, while S&P gave an AA+.

Moody the International Credit Rating Agency has downgraded China credit rating to A1 for the first time in three decades, this is seen as a setback and this action has angered them, meanwhile S&P and Fitch rated China A+. China economy has surged up for the past 18 years but seem to be cooling down slightly, but in spite of all this, it is still seen as a favorite place for investment than the United State include most countries today.The economic outlook for China remain stable for 2018.

Recent news coming out of China, state that during 2018, there will be a move to ensure that a more sustainable and in-depth way is utilized in order to increase high-quality development that will enrich global prospect, according to the Chinese President at a high profile meeting. This move will be enforced to transform in a more intensive way in order to deliver more prosperity for both China and aboard. This is the news investors love to hear.

These Are The Top Three Reasons Benchmarking Is Not Good For You And Your Company

Benchmarking has been a buzzword for four to five decades now. It came into its own in the years when TQM (Total Quality Management) was the only gospel truth on how to become the best. The Japanese had taken over the world and for America and Western Europe to catch up; they needed to benchmark the best of what the Japanese were doing. And who propounded and continue to propound these ideas? You guess right, the big boys: BCG, Bain, Accenture, PWC, McKinsey, KPMG, Deloitte, Gemini and the rest of them.

Benchmarking 101 simply says get all the metrics how your best competitor is doing and compare to your performance. Wherever you perform worse, that’s the gap. Pronto you’ve cracked the code. Take immediate action to close the gap and you can be as good as them (your competitor) or even leap frog them. They backed up their presentations with elegant two by two graphs (process visuals as Alan Weiss calls them) and CEOs looking for ever more expensive quick fixes would jump at the recommendations and their treasuries would be the poorer for it.

Tell me, if benchmarking is really this cure-it-all antidote to lackluster performance (the big boys would deny they said it was a cure-it-all), how come Kodak did not benchmark its way to survival? How come Nokia could not benchmark its way to success and beat back Apple and Samsung? What of Motorola that invented the cellular phone technology and Xerox that taught the world how to copy? Why couldn’t the bluest of the blue, with all its technological wizardry do it, and had to send John Akers to the labour market? Beware, the elephant cannot dance unless and until it decides to dance by changing its genetic code.

So here are the top three reasons why you should never touch benchmarking with a ten-foot pole if you really want to be great, break new mold and render the competition irrelevant.

1. Benchmarking ignores the culture of the better performing organization
This is the mother of all reasons why benchmarking is a fatal flaw. Assuming you’re Intel and the Japanese are eating your lunch, what do you do? Do you go on a retreat and benchmark the Japanese to blow them out of the water? Do you call a town-hall meeting to sensitize everyone about the Japanese’s threat and quickly form quick action teams (QATs) to benchmark the Japanese to prepare the way for your glorious comeback? Do you send your top executives to Harvard to learn benchmarking at its best in order to form a groundswell movement that would make you invincible overnight? No! No!! No!!! You do what Andy Grove, Robert Noyce (and Gordon Moore) did. You fire yourselves and start all over again. Remember, only the paranoid survive. You cannot beat the Japanese in head-to-head combat because the cultures are different. Period! Have you not heard that culture will eat strategy for breakfast?

2. Benchmarking looks at the future with the rear-view mirror
Assuming you’re IBM and you’re the world’s most admired company and teased as the Big Blue, and you hear two small boys are fiddling in their mother’s garage and they say they want to topple IBM. Do you postpone your board meeting and send spies to see what the boys are up to or do you benchmark? Benchmark what? Benchmark Apple I or Apple II or iMac that don’t yet exist? The Big Boys would deny they ever said that you should benchmark under such circumstances. But didn’t they say benchmarking was the alpha and omega of the competitive tools? You will never see the future with your rear-view mirror even if you’re a magician. The truth is, when there is disruption (air travel disrupted sea travel, computer disrupted typewriter, gun disrupted bow and arrow, etc.), everything is reset to zero so no amount of benchmarking can save you. We live in an age of discontinuity, thanks to Peter Drucker, and when discontinuity catches up with you and your industry, benchmarking is foolhardiness of the highest order.

3. Benchmarking ignores critical thinking and cannot help you invent the future
The best way to own tomorrow is to invent it. Benchmarking cannot help you do that. Benchmarking is actually antithetical to reinvention. The most revolutionary inventions of our time were or are never the products of benchmarking but critical thinking. Think of products as mundane (now) as paper, post-it-note and light bulb, to mention three. These things never existed before until people’s imagination brought them to be. To invent the future, you start with a clean slate. You ask simple questions like, “why does this work matter?”, “what purpose does it serve?”, “why this (and not that?” These sort of questions enable you think critically, go deep and invent tomorrow while others are busy benchmarking and playing catch-up with the supposedly best companies.

There you have them, the three reasons why benchmarking should be avoided as the plaque: benchmarking ignores the culture of the better performing organization, benchmarking looks at the future with the rear-view mirror, and benchmarking ignores critical thinking and cannot help you invent and reinvent the future.

If you look closely, benchmarking is at the heart of the so-called, international best practice(s) in industries across the globe and who are the proponents of these “best-of-class” concept? The big consulting powerhouses! At best, let me concede, benchmarking can help you make small incremental (additive) progress, but that is not what you need. What you need is exponential (geometric) progress. Now that you have read the top three reasons why you should never do benchmarking, don’t waste time with benchmarking. For any new project you want to initiate, start with a clean slate. Yes, reinvent the wheel. Remember, Apple reinvented the phone with the iPhone, Starbucks reinvented coffee houses, and you can reinvent yours. Go and do it.

Planning to Launch Your App? 3 Vital Things to Know Before Proceeding

Well, while releasing a new app in the App Store does not come with the guarantee that it would gain immense success! How vying today’s app market is beyond any doubt. To stand out in this crowd, you need to come up with an interesting and creative app idea with rich and effective features along with business-driven app marketing strategies. Here is a list of a few crucial things to contemplate before launching an app to the App Store that would make the path to success smoother.

#1 Know the Market and Competition

Well, believe it or not, this point has a huge impact!

Until and unless you know the market well, where you are going to launch the app, how is it possible to know what the market demands! Moreover, you should do in-depth market research on your competitors. You need to research on what services your competitors are offering, how the users are reacting to those services. Thus, you need to find the loopholes and come up with an innovative solution that can efficiently resolve the issues customers are facing. A proper market research would help you to set well-defined aims for your business and to set an impactful strategy.

#2 Set Strategic Approach to Pricing

Deciding on the app pricing model is very crucial! See, if your aim is to release such an application on the App Store that would reach a huge market base, going with the freemium pricing model is the best choice for you. Otherwise, if your aim is to give solution to any particular issue to a niche audience, subscription or the paid pricing model can work the best. However, depending on the purpose that your app is going to serve, you need to choose the best option. Before setting a price for your app, you need to dig for answers to the following questions.

What are the charges of your competitive apps?
How much money you would need to keep running your application
What extra features you should offer if a user decides on in-app purchases?
#3 Optimising the Application for App Store Search

Launching the application in the App Store is not the end of your task. You need to optimise the application properly so that the ranking does not get affected. According to the experts, below-mentioned are some of the major aspects that have great impacts on the ranking of an app.

Branding and visuals used in the app
Use of the keyword in the app description and/or name
Total number of the positive reviews generated by the app
Total number of app downloads
According to a recently made research on the app ranking tactics, the right placement of the keyword in the app title can boost the ranking by almost 10.3% in the App Store.
Apart from all the above-mentioned aspects, you need to contemplate other points such as devising and designing branded screenshots along with designing intriguing visuals to serve the marketing purposes. Moreover, you need to pay a special attention to get trusted and honest testimonials. This would help the people to get the value of using your app.