Benefits of Chinese Economic Development Essay Example

Benefits of Chinese Economic Development Essay Example Benefits of Chinese Economic Development Essay Benefits of Chinese Economic Development Essay Introduction It was during the eve of 10th November 2001 when China opened its door to Economic reform. The policy was enacted by the worlds most prominent leaders-Deng Xiaoping, because China was allowed to join the World Trade Organization in Doha, during the 4th Ministerial meeting after hard talks that took about 15 years to be accepted. The Chinese official doctrine had been dominant since the occurrence of the strategic change in 1978, and it had become one of the political reform. Revitalizing and loosening the grip of the communist and the foreign policy invited cooperation and interaction with the outside world. The decision to open up and encourage reforms has on many occasions been cited by the Chinese authorities to be the primary force behind its overall growth since 1978. The policy assisted China to be one of the countries that managed to become a world power within a short time. China also had to take a new role in defining its responsibilities as a state that was persuasive both at the international and regional levels. However, the open door and reform policy have brought about problems that are elemental and have the cultural impact, income parity areas as well as influencing China to embrace Capitalism instead of Socialism. Therefore, this article will focus on the benefits of the Chinese development recorded in its economy and the drawbacks as well. Technology Improved technology and infrastructure have been brought about by growth in the Chinese economic. As a result of economic growth, the amount of money spent on; gas, electricity, communication, water supply and various technologies has also gone up. According to Canning and Pedroni (1999), there is a substantial evidence of the GDP influence on the societys stock and infrastructure. The growth is also attributed to have a positive impact on the standard of living of the general population leading to the rise in the economic growth. There have also been improvements in the health of the general population due to improvements in standards of living now that the basic needs such as shelter, clothing, and food are available to the people. Frank (2004), noted that the mortality rate, as well as child malnourishment, was low because of a reduction in poverty levels thus improving life expectancy. Rivera and Currais (1999), on the other hand, have also confirmed the relationship between heal th and economic growth. It only demonstrates a high association between the health status and the increase in income because all these factors point in the same direction. In low-income countries, there is the likeness of getting more mortality healthy rate compared to the developed countries. Since China has a real economic growth, its health status is good, therefore, improved the standards of living. It because of the access to high incomes. Both individuals, as well as governments, can use more money on health in regards to; infrastructure and health facilities, sanitation and nutrition, innovations in technology, medical and research while trying to ensure life is improved. Whenever this happens, a direct impact is felt at the national level leading to development. In case, the existing healthcare system is weak; a lot could as well be called upon to remedy the situation. On the other hand, the state of healthcare is measured by the level of income and tends to increase faster only illustrating how this is likely to impact on the economic growth of a nation. Due to advancement in technology in China, it has become easier for the health sector to conduct research on the most life-threating diseases. Education Among the leading sectors include the education sector. Emphasis focuses much on ensuring quality education mainly due to an improvement in the economic growth in the Chinese economy. The connection that exists between economic education and economic development is thus real. The level of economic growth influences education because when the level of income is high, the number of people seeking education also increases. As a result of the GDP per capita increasing and both the public as well the Chinese government has more to spend on education. Whenever this happens, the number of individuals seeking knowledge increases while, on the other hand, a lot of investment is carried out on education to cater for the rising need thus implying that there is great access to quality education. The focus also shifts from merely setting up facilities rather also focus on ensuring the provision of adequate tutors who are well-renumerated while hoping that this will translate to quality education. Education also plays a better part in empowering people thus may not only need to focus much on employment rather can as well come up with ventures aimed at addressing the need in society. As of now, the Chinese can easily access luxuries and the core needs because they earn enough to cater for such goods. Social structure The policies leading to Chinas economic reforms have brought about an improvement in the structure of the Chinese society, politics, social value system, and rapid advancement of its economy. Our focus will direct attention on, Chinas political development model. The point aims at finding out how it managed to realize much within a short time. Chinas political advancement will thus be studied. The growth in the economy is said to have promoted political development and political change. Chinas economic reform policy has mainly assisted the nation in an opening to the outside world. One is also likely to see how a lot of investment has been carried out in China thus leading to urbanization across China. During the transition period, people had to change the wy they thought to welcome change. Without acknowledging this, not much was likely to come about. A lot of significance was given to the transition period during which this was encouraged. Before the year 1979, the Chinese communit y was much closed. Although there was little knowledge about the socialist countries as well as the former U.S.S.R, the local people in China had no exposure to the outside world, and they knew nothing concerning the western world. Therefore, they did not dedicate themselves to working hard. As a result of reform, people realized the importance of working hard because they saw how this was going to replicate back benefits to their lives thus elevate their living standards. As a result of change, people focused more on economic matters as opposed to politics. The entrepreneurial spirit played a great role while steering growth. The spirit did not exist in the old system of economy. The social structure of China is now more diverse owing to many races from across the globe. Many cross-cultural activities also take place across China leading to mutual understanding among people as opposed to the past when foreigners treated with a lot of suspicions. Before the reform, the country had rigid and unitary social structure founded on the status system relatively fixed with a lot of dynamics like position and power. It was not connected directly to the income or even education as seen in the western societies while measuring social status. In the previous social structure of China, individuals looked for status by pursuing power through promotions to powerful positions, while income was a central determinant of status and development. During the economic reform period, there were changes in resource allocation. Social structure witnessed a transfer of resources. Resources assigned to individuals with lower position and less power according to the new economic system. T here has been a shift in the resource allocation triggering the tight relationship between skills, income, and position to a liberated element in judging the peoples status. Position and power not used in determining the relationship. Individuals can attain the status that is higher by raising their levels of income. Resource transfer The changes in resources transfer have shown the existence of independent economic interests of the objective existence. Before all these reforms, individuals were mainly educated on how to seek for common interests. If a person pursued interests that were individual-centered, he or she was prone to critique because the benefits were considered to be bad. The recent changes, however, encourage people to pursue their economic interests independently. Through investment diversification and resource transfers process. New strata and new social classes have made levels that did not exist in the previous structure such as the difference discern. Individuals are likely to express themselves by speaking what they feel, and this has resulted to the widening of the range of discussion. ;;;;;The reform has minimized the role of the Communist Party in individuals private lives. It shows how Chinese people have become free, knowing that historically they were never free as the are today. Individual freedom influenced by the work unity of danwei. All persons in the past were involved in a work unit that not only determined salaries, housing and promotions but other issues like whether they could travel or they could get married. Each workers dossier was kept in the unit; the file listed political as well as biographical information. In contrast, a significant number of individuals now are no longer engaged in the work-unit scheme, because they are personally involving themselves in businesses, or employed in foreign countries. The Chinese realized that for a person to make a living, he or she must rely on ones self to be free from the danwei. Even those still working in the work units are enjoying freedom in the highest degree. However, most Chinese in the current soci ety opt to concentrate on the future by living within the present system of the Chinese community. The reforms helped raise efficiency as compared to the past but were as a result of an introduction of profit incentives to rural collective enterprises which despite being owned by the local government managed by the principles of the market. Small private businesses, traders, foreign investors and family farms freed most enterprises from the authority interference. As a result of the stake by the state-owned enterprise, the output reduced from 56 percent of the output of the country to 40 percent, while the share common business rose to 50 percent from 42 percent, and the incentive returns of the common ventures and individual firms rose 10 percent from 2 percent. The incentives of profit have shown how they impacted the private capital market in a positive manner, as small producers and factory owners were eager to get more returns while engaging themselves in business. A remarkable productivity performance is an evidence of Chinas economic reform benefit. How did the changes work to boost the modern economy of China? Before the reforms of 1978, nearly out of five, four people in China worked in agriculture; by the year 1994, the number reduced to one person in two people. The reforms made the rights of property be expanded in the countryside and resulted in the formation of rural nonagricultural businesses. Higher prices and collectivization for the products of agricultural-led to more efficient labor use and farms that belonged to the families. The forces together made many people get out of agriculture. The village enterprises drew many people into manufacturing that had a higher value addition, making them abandon traditional farming. The 1978 post reforms gave greater autonomy to enterprise managers. It gave them freedom to set their goals on production, to use competitive prices in the market to sell their product, to make a choice on investme nt, had the authority to give bonuses to excelling workers and also they had the ability to fire the nonperforming employees. The reforms encouraged ownership of own production, and there was a creation of jobs, more consumer commodities developed, foreign trade assisted in earning of the hard currency, the state taxes were paid. It offered the nation a resilient and flexibility that was not there before. By encouraging foreign investment, the economy was only bound to grow. Cumulative investment from the foreign countries increased; these investments helped in factories construction, job creation and it made China link with the international markets. Also, significant transfer of technology was witnessed. Economic freedom boosted exports. The price reform assisted the Chinese to proceed vigilantly, offering an autonomy amount that was fair to agricultural products and consumer goods but much lower to the rest of the sectors. Poverty reduction China has 20 percent of the population in the world. As they continue becoming richer, apparently consumption rate will grow. Many businesses will attempt to vend to the Chinese market, the worlds biggest. The products will be made in the tastes and preference of the Chinese. As a result of economic growth, the country has become an economic leader in the whole world. China is also known as the worlds largest producer of steel and aluminum. The tech companies in China are becoming world-class. Huawei and Miami are two smartphone producers and number one in China. Miami has increased its exports to India and Brazil. Huawei Company is exporting to South America and Peru. Lenovo Company is also another personal computer manufacturer that is a world class. Conclusion In conclusion, the Chinese economic growth has led to many benefits compared to the drawbacks. Although China takes a unique position in the political economy of the world due to its large physical size and huge population, making it an influential globally player, it is still likely to offer great lessons to most of the developing countries. A great lesson learned is that there is a need to provide incentives to small private businesses and rural based enterprises while encouraging growth. By doing so, it is likely to support productivity able to aggravate growth. For nations with a large population who depend on agriculture, the Chinese example may be instrumental, by encouraging rural enterprises growth and not necessary focusing on industrial sectors in the urban areas. China has transferred millions of workers into factories from off farms without causing a crisis in the cities. And finally, the open-door policy in China has spurred direct investment from foreign countries thus leading to job creation and economic development. ;References Canning, D., ;Pedroni, P. (1999).Infrastructure and long-run economic growth.Consulting Assistance on Economic Reform II Discussion Paper, 57. Rivera IV, B., ;Currais, L. (1999). Economic growth and direct health impact or reverse causation?. Applied Economics Letters, 6 (11), 761-764.

How to Sustain Positive Changes In Your Marketing Team - CoSchedule

How to Sustain Positive Changes In Your Marketing Team Leading a marketing team to win feels amazing. Smashing goals is gratifying. But sustaining change in organizations thats the hard part. We marketers face a tall order. Not only do we have to make hyper growth happen, we have to do it every day. Every time we reach the summit of one goal, a taller one is just around the bend. Your boss: Did your team get 100 new leads last week? You: Yes! ðŸ˜Æ' Your boss: Nice work! But are you on track for 125 this week? You: Well, that escalated quickly 😠³ In short, our job is to start from zero and soar past last week. So, in this post Im going to share with you how to to sustain those positive changes (and results) in your marketing team. Youll learn: The key to putting your teams success on cruise control. How to develop a built-in mechanism for sustained results. Exactly why (and how) to keep your team hungry to win. PLUS, because youre awesome, Ive got something extra special for you If you wanna learn why over 8,000 marketing teams across the world choose to organize and execute their entire marketing strategy in one place Schedule a 30 minute marketing demo of right now. Youll see exactly how teams like Convince Convert, Smart Passive Income, and Campaign Monitor get amazing results with . Now, pick a time for your 1-on-1 marketing demo and lets get to it. How To Sustain Positive Changes In Your Marketing Team by @jordan_loftis via @Develop Smart Marketing Habits As A Team Riffing on Aristotle, former Patriots offensive linemen, Matt Light, said in his retirement remarks: â€Å"We are what we repeatedly do. Excellence, then, is not an act, but a habit.† We hear it here five thousand times a week. Just worry about yourself, not others, make it part of your routine. Keep striving to do it better and better. The excellence we all shared as an organization, teammates, friends, everyone else. It’s not just as an act, it’s a habit, it’s how we live our lives, what we try to do day-in and day-out. These words are wonderfully portable for anyone who cares about sustaining change in organizations. Whether youre a manager or team member, your teams success is your success. And thats where positive, team-based habits come in. How Habits Work (And Why It Matters) According to a study in the British Journal of General Practice, the wild world of healthcare shows us this, as well. Furthermore, even when patients successfully initiate the recommended changes, the gains are often transient because few of the traditional behaviour change strategies have built-in mechanisms for maintenance. Unless positive changes become engrained habits, achieving goals will become the exception rather than the rule. Unless positive changes become engrained habits, achieving goals will become the exception ratherThat same psychological study defines habits this way: actions that are triggered automatically in response to contextual cues that have been associated with their performance. For a marketer, this habit loop might look like this #1. Your Contextual Cue Your team is planning a new campaign. And you need to get everything organized 📠Ã‚  creative brief, 📄  landing pages, âÅ"‰ï ¸ Ã‚  email copy, âÅ" Ã¯ ¸ Ã‚  blog posts, 🙋†Ã¢â„¢â‚¬Ã¯ ¸  social media messages, 🎉  press releases, ðŸÅ' Ã‚  design assets, 🎠¯Ã‚  target metrics, 📈  analytics reports, 😠«Ã‚  and more Thats a lot of stuff. (And Im probably missing plenty of other things you do.) #2. Your Engrained Action So, be honest. Whats your go-to action given the contextual cue of planning a new marketing campaign? For tons of marketers, its pulling out ye olde spreadsheet! Everything gets a tab. Everyone gets access on your internal drive or Dropbox account. And in short order, chaos ensues. ^^^These are actual screenshots of spreadsheets, calendars, and systems customers have transitioned from over the years! Here at , we call this a symptom of makeshift marketing. Simply defined, makeshift marketing happens when disconnected tools and apps are mashed into one martech stack. In our experience, this is one of the most difficult traps (and series of habits) to break for marketers. But theres good news ahead! This step is complete when your automatic action (read habit) is completed. Then, one more thing happens. #3. Your Reward In his best-selling book,  The Power of Habit, author Charles Duhigg outlines a third piece to the habit puzzle: reward. The reward reinforces the habit loop. With every completion, the habit gets more powerful. In this case, the spreadsheet gives a sense of control, organization, and peace of mind. The problem is that it quickly becomes messy. Often, youll end up with spreadsheets to manage your spreadsheets! Your Habits Become Your Teams Habits The linchpin to sustaining changes in your organization, then, is leading the right habits so you get the right results consistently. Just imagine if your team smashed your marketing goals with the same frequency as brushing your teeth? ^^^ Thats habit 101. Lets talk about how to move from marketing mess To marketing mastery. According to research at UCL Epidemiology and Public Health, it takes an average of 21 – 66 days to lock a habit in place. To help your team, I suggest this 3-step approach. Begin with your teams goal and reverse engineer actions to achieve it. Establish a rhythm of accountability. Build out *at least* a 21-day habit roadmap for your team. #1. Begin With Your Teams Goal First things first, pull a Stephen Covey Begin with the end in mind. Start with your teams goal (or goals). Then reverse engineer the consistent actions your team must habitually take to get there. For example, lets imagine your team needs to grow social media engagement by 25% month-over-month across all channels. If I pull our Social Engagement Report in , I can get a quick overview of where we stand. Both for an aggregate average  and individual networks. From this baseline, you can reverse engineer your ideas, tests, and tactics to grow your engagement. But just as important, you can learn what your team must be doing  every week to keep engagement going up and to the right. Intense sprints will give your key metrics a lift in the near term. But its turning your highest-value actions into habits that help you win in the long term. For instance, if you learn that social images get a higher engagement on your social channels, the new habit should be that everything your team does has 3 – 5 promo images. (You can use visual storytelling frameworks like microcontent to do this with great results, by the way.) Or perhaps video does really well with your tribe. The new behavior to automate might become a Facebook live video promoting every new post you publish. Heres the anatomy: Contextual cue: Your team publishes new content. Action: The creator of the piece streams a Facebook live video sharing a short TL;DR version and a CTA. Reward: More social media engagement + referral traffic. Next Step For Sustaining Change In Your Organization: You might be wondering, How is this different than simply adding an item to your teams workflow? Its distinct because of its emphasis on engraining a behavior versus checking a box. For you, as the team leader, leveraging the power of habits  means automating behaviors. When you put the  right  things on autopilot, they move themselves ahead with little (or no) friction. #2. Build Accountability Into Your Teams Weekly Rhythm To do this means using the A word accountability. Accountability gets a bad rap. And thats because inherent is the threat of punishment. If youre accountable for your actions, youre responsible for their outcomes. If youre accountable for your actions, youre responsible for their outcomes.A multi-year study involving over 40,000 participants found: Accountability is incorrectly perceived as strictly consequential and almost entirely after-the-fact- 80% of those surveyed say feedback is something that happens to them only when things go wrong or not at all. Ouch. But what if accountability could be more positive than negative? It can. And it starts with ditching the word while leveraging the essence. Accountability is about: clarity, alignment of actions with goals, and enablement of the right behaviors. Sustaining Change In Your Organization With Clarity Another alarming stat from the accountability study is: 85% of survey participants indicated they werent even sure what their organizations are trying to achieve The quickest path to a homerun here is simple: be ultra clear with what results your team is after. Is there one overarching goal youre hell bent on achieving? Then talk about that. Every. Dang. Day. Is there a long-term goal supported by smaller, short-term goals? ^^^ This is the case for nearly every team Ive ever worked on. If this is true, then keep your short-term goals in perspective. Help your team see how they accomplish your overall mission. One of the best ways to do this is through twice-per-week numbers check in. Automating Clarity With Strategic Reporting If we stick with our social engagement example, heres what it could look like. With , you can automate key reports. So lets automate the social engagement report. (If you dont use , totally okay. You can still do this.) Navigate to your analytics tab, then choose  Social Engagement Report. Next, simply click on  the  Schedule Report button. Then add any team members or stakeholders who should see this report. Your progress will be automatically reported to everyone involved without you having to pull numbers yourself 🠤“ The key here is to keep your team focused on the goal even amidst the deluge of modern marketing. Keep your team focused on the goal even amidst the deluge of modern marketing.Sustaining Change In Your Organization With Alignment Of Actions And Goals Now comes the supercharging power of habits. By consistently performing the right actions, your team will move the needle in the right direction. As you keep the mission in front of your team, help them understand the best actions to take them there. One of the best places to do this is in your team meetings. And you can begin by having everyone answer this simple question: If you could only do one thing every day to achieve [team goal], what would it be? Have everyone answer the question. Then, ask them to explain why that action is so powerful. If you could only do one thing every day to achieve your goal, what would it be?Sustaining Change In Your Organization By Enabling The Right Behaviors And now, enable those positive behaviors with a third question: What roadblocks are there between you and consistently [taking desired action]? This is where you come in. As a team leader, you should be an obstacle bulldozer. Its tough enough to form new, positive habits. (And break negative ones while youre at it.) So clear the debris and get the crap out of the way. Clear the clutter between your team and their most critical actions. Then keep doing this. If your team is supposed to increase social engagement, and creating short promo videos to promote a piece is their desired activity, youd better make sure they arent stacked with a bunch of stuff that makes it impossible to get it done. Once your team is assigned a goal, make sure they arent stacked with a bunch of stuff that makes#3. Build Your 21-Day Habits Roadmap For Your Team To bring this all together, the best way forward is for you to get clear on what the next 21 working days should look like. Scientifically, it takes anywhere from 18 to 254 days to establish a new habit, with the average being 66 days. So, you can go for the hail mary and push your team for 66 days Or 100 Or 254 if youd like. However, I suggest a quicker win: build a 21-day habits roadmap for your team. In one of my favorite startup books,  Lean Analytics,  authors Alistair Croll and Benjamin Yoskovitz  explain the rationale for setting goal metrics, saying: [I]f you want to change behavior, your metric must be tied to the behavioral change you want. So focus the roadmap on the singular, most important behavior youd like to download into each team member. This can be super simple. They key here is to show your team that youre committed to helping them build this habit just as much as they should be. Create a Projects Checklist. Assign it to the right team member and set its completion date 21 days from now. Then, assign the appropriate actions. A clever way to start is by having each team member outline their own habit loop. How will they engrain this new high-value activity? They should define a cue, routine, and reward. Then, they should run through the habit loop  every day for the next 21 working days. This might look like: A 21-day video promotion campaign, Logging into, and using, a new software tool every day (HUGE win for onboarding your team to new tools), Or even writing a fresh social post every single day. Whatever it is, make sure you empower your team to make time each day.