From G-20 Summit in Japan to the DMZ and meeting Kim Jong Un in “Truce Village” on the border has been “historic” – no less than the ‘historic’ Election of Donald Trump as US President himself. This marks more than just a special credit to be the first sitting US President to visit the DMZ, an event that America, South Korea, North Korea, Kim Jong Un, and President Donald Trump himself will be extremely proud of.
The meeting lasted for an hour.
A summit meeting between President Donald Trump and Kim Jong Un in June 2018 in Singapore ; a second summit meeting in February 2019 in Hanoi, Vietnam ; and now a third meeting on June 30, 2019, in DMZ – all signify progress in a way signalling the change in relationship between the two unpredictable leaders. It appears that President Donald Trump’s efforts seem to be overshadowing the earlier diplomatic relationships of 1994 and 2003 – a big positive.
” It is a great day for the World ; and it is an honour for me to be here ; a lot of great things are happening ” – President Donald Trump said about his meeting with Kim Jong Un.
President Donald Trump also described the relationship between US and North Korea as “very, very dangerous” before he took Office as President.
” Good to see you again ; I never expected to meet you at this place ” – Kim Jong Un, North Korea, said about the meeting.
1. Even while North Korea pursued its missile launching program after the Hanoi summit between the two leaders, the present meeting comes as a pleasant change in relationship between the two unpredictable leaders.
2. While the analysts may be discepting whether this meeting will lead to a third summit meeting between the two leaders, the sign of that unveiling itself is getting really strong.
3. Quite significant is the fact that the word ‘denuclearisation’ has not been heard anytime during the entire event is what may have perplexed many.
4. Aides on both sides will be motivated to work because of the importance that it has achieved now can be the first outcome.
5. This will also be likely the “third time lucky” scenario fructifying the long winded diplomatic efforts, and finding to close the large gap existing in expectations of the two leaders.
What can be the real progress then ?
To resume further negotiations between the two countries ; to take relationships to a new level ; and to discuss denuclearisation of North Korea, and some relaxation of sanctions by the USA.
‘Something that has not been accomplished previously by anyone’ – may well be the final say.
” Dieu avec nous”
Sunday, June 30, 2019 – 5.49 p.m. (IST)
Tidbit : ” Big moment, tremendous progress” – President Donald Trump.
President Donald Trump launched his Campaign for 2020 with a big rally as the ‘launcher’ ; in Amway Center, Orlando, Florida, as the ‘launching pad’ ; quite spiritedly, enthusiastically, and even venturesomely ( amid his low rates of popularity vs four Democrats in Florida, polls Quinnipiac released just) with the occasion witnessing a nearly filled arena.
President Donald Trump claimed Florida as his second home and State from where exactly 4 years ago this week he first announced his candidacy for the 2016 election, a pleasant coincidence.
The points that President Donald Trump advanced in his 40 minute speech are :
1. 2016 was a defining moment in history. His government stared down the line of lobbyists and other clingers in Washington DC.
2. Economy now is thriving, prospering, booming, and soaring to new highs. American economy is the envy of the world.
3. Nobody has been tougher than he has been during his reign uptil now.
4. There has been no Collusion, no obstruction. ( Ref to Mueller Report ).
5. We got rid of individual mandate of Obamacare. (Ref benefits to citizens ).
6. US has the lowest employment rate now. ( an accomplishment ).
7. Tariffs on China is working (reassurance on US economy being strong).
8. Democrats want US splintered and divided (a political charge against opponents).
9. American dream is bigger and stronger than ever before ( morale boost to citizens ).
General conclusions :
(a) The rally speech, if anything, gave an indication that President Donald Trump will stick firmly to his proven prescriptions that catapulted him to power in 2016 rather than attempting to strike a new chord with voters in terms of the economic advancements made during his term uptil now.
Figure below represents President Donald Trump’s winning formula in 2016 Election :
(b) ” Building a wall in the Southern Border, Draining the swamp in Washington DC , and fake news categorization of the media ” constituted his election prescriptions and methods for achieving his goal of Presidency in 2016. The same recipe will likely continue this time too.
(c) In trying to give a definitive and concrete slogan for his vision this time, President Donald Trump invited the crowd to vote by cheers their preference for “Make America Great Again ” or ” Keep America Great “. The crowd voted with their loud and big cheers for the second – ” Keep America Great ” which may well become his slogan this time.
Only the polls in 2020 will show if this holds.
” Dieu avec nous “
Wednesday, June 19, 2019 – 8.09 a.m. (IST)
Tidbit : ” If you can make a better claptrap people will beat a path to your door “.
President Donald Trump’s tweets, aimed at reassuring and enhancing the confidence of citizens of a well managed economy sustaining the growth pattern, have been the apt feed for the news channels engaged in analysis of impact and consequences – short term and long term. Reactions – positive and negative, in good earnest or gravely capricious, realistic or Imaginative – influence not just the stock market swings but also the perceptions of the citizens shaping their opinion on Leadership. The discussions in print and electronic media often reach a maximum evoking emotions among the analysts, stakeholders, and the citizens considerably. Result is a market volatility mostly characterised by short term gains with long term unpredictability. This is followed by another set of tweets by the President justifying or otherwise the market behavior and this cycle of activities continues as the movement of events in a story.
The figure below represents the above detailed vicious circle of events succinctly.
The above sequence of events help the President in two ways : (1) It helps to keep the President harping on the one string of ‘economy strength’ that he has been praising, recommending, and advertising as an accomplishment ; and (2) It helps to buy time to prolong his popularity among his base even as he feeds this as profitable information to people.
US – China Trade War is another event that raises the scope for prolonging President Donald Trump’s popularity among his base.
President Donald Trump has been consistently charging China with practices that cause harm to the US economy since the time he announced his candidacy in June/July 2015.
That China has been stealing trade secrets; that China has been coercing technology transfers ; and that China has been subsidising its own firms – all without keeping its commitments has been the US’s main grievance. With a view to bring China to the negotiating table, President Donald Trump imposed tariffs as a punishing measure – first, he hiked the tariffs from 10% to 25% on $ 200 billion worth of Chinese imports ; China retaliated with 25% tariff on $ 60 billion worth of US imports, mainly agricultural sector. The expectation was that China will lose economically and become weak. An additional $ 300 billion on goods will come under tariffs target in case the meeting between Donald Trump and Xi Jinping does not materialise with fruitful discussions during the G-20 Conference later in June. Both nations realise that continued cooperation is necessary to prevent rivalry in political and military conflicts. But both remain obstinate without yielding as at present. It makes for the following three scenarios to emerge, develop, and grow each presenting an advantage at the moment to President Donald Trump.
Figure below represents the three scenarios succinctly.
Scenario 1 : US demands China to resolve structural issues ; IP protection ; and market access. China does not act on these but remains firm that it will not make any unilateral change to its policies. This stance does not make any negotiated settlement possible the result of which makes the trade war continue and escalate. This scenario helps prolong the Trade dispute between the two nations impacting globally.
Scenario 2 : Tariff increases cause slowing of US GDP growth ; in the process hurting and harming the country. As part of remedial measures the US will resort to low interest rates possibly followed by Quantitative Easing to lift the stocks and promote growth providing relief to the analysts, stocks, stakeholders, and to the citizens in general. This makes the trade war continuing or escalating without any compulsions from the two sides for a quick settlement. This scenario helps prolong the Trade dispute between the two nations impacting globally.
Scenario 3 : Tariff increases cause panic selling in some sectors bringing with it ‘low confidence’ in general. Importers from both sides may switch suppliers; cultivate and buy from new markets ; or buy from domestic markets even if the cost is high. Chinese manufacturers are already rerouting production to Vietnam, Indonesia, and Taiwan. It works better for Chinese exporters also. This scenario also helps prolong the Trade dispute between the two nations impacting globally.
All the above three scenarios point to a favorable disposition gained by President Donald Trump in terms of his strategy paying its due. The chief reason for this is that most actions/strategies in this respect make their impact felt over long term while on short-term maintaining the status quo or making the people perception better. “Bold and Cautious action is being taken” may even be the verdict of a good section of people.
This also helps the President to tide over his many personal challenges ; embarrassing reactions to his administrative moves on Mueller Report and subpoenas ; the gradually rising challenge to his second term underscored by the growing disenchantment with his leadership ; unpredicted crowd of aspirants to democratic nomination for the 2020 Election getting emboldened ; and the prediction in some quarters of a grave economic distress in late 2019 or early 2020.
It is not known clearly as to when or how a challenge to this mechanism, and by action a level of discomfort and successful opposition to the President will actually emerge as the Democrats are keenly hoping for.
” Dieu avec nous “.
Wednesday, June 12, 2019 – 8.39 p.m. (IST)
Tidbit : ” Leaders seem to do well when they are under attack “.
Tonight’s CNN Town Hall featured three Representatives of Congress in their bid to add youthful drive and energy to the Democratic Presidential Nomination in 2020 Election.
The TownHall was held in CNN center at Atlanta, Georgia.
Answers to questions on the Impeachment of the President, and Virginia mass shootings would be the ones the audience and the citizens at large have eagerly scrutinized.
Here’s my brief presentation of the essence of the event.
1. Representative Seth Moulton (D-Mass), a former Marine corps officer, who announced his candidacy on April 22, 2019 is the first. He is a progressive democrat and not a socialist; he is moderate, pro-growth, and fiscally responsible; and he is known for his bipartisanship. Seth Moulton is not registered on the polling aggegator’s site.
Victor Blackwell has been the moderator.
Figure below represents Rep. Seth Moulton’s policy position.
It comprises of the following three elements viz. Gun Control ; Cybersecurity ; and Green New Deal. He supports increased gun control. According to him no civilian should own a military style assault weapon. It is no different than why we outlaw civilian ownership of rockets and landmines. A highly principled stance. He is one of the architects of “Cyber Ready Workforce Act 2018” , a grant program within the Department of Labour to ‘create, implement, and expand registered apprenticeships to Cybersecurity’. It offers certifications and connects participants with businesses to boost federal jobs. He supports Green New Deal which is expected to balance environment and economic inequality in a manner that will benefit the citizens. He supports nuclear energy.
Figure below represents Seth Moulton’s Strategy triad :
It consists of the three important elements of : (a) preserving the core values of Americans; (b) forging unity among Americans; and (c) combating racism. He strongly urged that “a new Voting Right Act” as the imperative in this chaotic circumstances.
While pressing for Impeachment proceedings against the President by the House, he advocated strongly his position to change the Justice Department guidelines that places the sitting President against indictment.
While on the Virginia mass shootings, Seth Moulton pins his faith on not permitting high capacity magazines and suppressors. Effective follow-up of legal mechanisms which permit the purchase of these weapons should be carried out to mark solutions to the problem.
2. Representative Tim Ryan (D-Ohio) announced his candidacy in April 2019.
Representative Tim Ryan became famous when he challenged Speaker Nancy Pelosi to be the leader of House Democrats in December 2016. His view : ” Nancy Pelosi to be replaced by someone from the area(s) that Donald Trump won in 2016. Tim Ryan lost his challenge, however, after Nancy Pelosi supported giving more power to young members.
Poppy Harlow of CNN has been the moderator.
Figure below represents Representative Tim Ryan’s Priorities triad :
It constitutes the three elements of : (a) making America competitive again ; (b) restoring America’s innovation leadership ; and (c) energising and engaging young people. His key emphasis and key reason for contesting is to bring America’s glory back again. In his book titled : “A mindful nation”, he wrote : “If more citizens can reduce stress and increase performance even if only by a little, they will be healthier and more resilient. They’ll be better equipped to face the challenges facing the nation.” To meet this goal he sees the three main pillars of actions in the direction of making America competitive again; restoring America’s innovation leadership; and energising and engaging young people. To me his priorities seem well designed and scripted evoking the highest degree of ‘nationalism’ that in the present day Politics world over is proving to be the chief driver of people enthusiasm and support.
Figure below represents Representative Tim Ryan’s Strategy triad :
It comprises of the three key elements viz. (a) incentivising investments ; (b) a national Strategy on renewables ; and (c) combating corporate concentration.
Representative Tim Ryan does not support impeaching the President but argues firmly that special counsel Robert Mueller Report shows that the President committed Obstruction of Justice.
On Virginia shootings : Tim Ryan, even while not being very sure of restrictions that would have prevented the shootings, favoured as solution ‘Gun Reform’ that doesn’t allow extended magazines and silencers. Background checks are an integral component of reform.
3. Representative Eric Swalwell (D- Calif) announced his candidacy on April 8, 2019
A prolific user of the Social Media, his interviews on MSNBC, CNN, and Fox News due mainly to his part in House Intelligence Committee’s investigation in to Russian interference in elections made him a plain, public, and perceptible figure now. Eric Swalwell is not registered on the polling aggegator’s site.
Jim Sciutto of CNN has been the moderator.
Figure below represents Representative Eric Swalwell’s Work of Time triangle :
It constitutes : (a) Gun Control; (b) Education ; and (c) Renewable Energy. He has been a strong advocate of increased funding for education, and decreased funding for Defense. He also focused on federal stimulus money to create renewable energy jobs. He is a proponent of Gun Control measures, specially, the buyback and ban of military style semi-automatic assault weapons, non-compliance of which will bear prosecution.
Figure below represents Representative Eric Swalwell’s Strategy triad :
It has the following three aspects : (a) Global affirmation ; (b) Trust of Citizens ; and (c) Accelerating Dreams of People. Global affirmation to make sure that allies stand strongly in support of U.S. Trust of Citizens to ensure huge and positive support from people in any fight against misdeed(s). While stressing that college should be able to pay for you, if you work for college, he emphasised that student loans should not constitute the memories of college, but learning process should do. This can only accelerate the realisation of the dreams of Americans.
Representative Eric Swalwell wants to satisfy what he sets as pre requisites for Trump Impeachment clearly : ” (i) Peoples’ understanding, knowledge, and support for the process ; and (ii) Impeachment process should be set in motion only after all avenues of remedial measures are exhausted.
On Virginia shootings : A ban and buyback on assault weapons combined with administrative effort to negotiate up as the Gun Safety majority in America would desire.
General conclusions : (1) Age and military experience are Representative Seth Moulton’s key strengths. (2) Representative Tim Ryan’s deep knowledge, connection, and support for the working class Americans constitute his key strengths. (3) Problems and challenges that young families face, and the community engagement and reaching out to people across the aisle irrespective of party affiliation are Representative Eric Swalwell’s key strengths.
Whether these strengths hold good and true against the many vulnerable odds the three candidates have to make their presence count in the coming days and months will be worth watching.
” Dieu avec nous “
Monday, June 3, 2019 – 9.19 a.m. (IST)
Tidbit : ” Current healthcare system is a disease care system ; a sick care system. ” – Tim Ryan.
” CNN Town Hall with Senator Michael Bennet – ‘Aiming to Grab Attention in a Crowded Field’ ” – May 30, 2019.
Senator Michael Bennet, Democratic Presidential candidate, addressed questions from the audience in a Town Hall tonight held at the CNN Center, Atlanta, Georgia.
CNN’s Dana Bash moderated the event.
Senator Michael Bennet was born in India when his father was an aide to the US Ambassador to India. Senator Michael Bennet is the seventh Senator to enter the Democratic Presidential nomination.
Here’s my brief presentation of the Town Hall event.
1. Figure below represents the Priorities triad of Senator Michael Bennet :
Priorities triad constitute the following three elements : Healthcare ; Climate Change ; and Immigration Reform.
Senator Michael Bennet supports incremental steps in health care and coverage – “Medicare X” – a balanced alternative to ‘Medicare for All’. It comprises a public option modeled after Medicare alongside private options on the Obamacare marketplaces. A new version done with Senator Tim Kaine in 2019 provides for expansion of access to tax credits. Senator Michael Bennet supports bolder actions to address Climate Change. He is a strong proponent of Clean Power and Energy Plan and his commitment to Climate Change actions comes from his strong belief and trust in scientific findings and facts. As a member of the Gang of Eight, a bipartisan group of four Democrats and four Republicans, he was responsible for introducing a comprehensive Immigration Reform legislation. The bill was titled : “Border Security, Economic Opportunity, and Immigration Modernisation Act of 2013”. The bill passed the US Senate with 68-32 votes but was stalled in the House. He later cosponsored the Dream Act of 2017.
2. Figure below represents Senator Michael Bennet’s Leadership triad :
Leadership triad consists of the three following elements : Analytic Decision-making, Passion, and Pragmatism.
As a Senator showing signs of deep study, knowledge, and analytical skills his decision-making in all the bills and letters that he was part of stood out as a characteristic and distinctive feature of his ability. His astute but high decibel speech on the Senate floor in January when he challenged the Republican Senator Ted Cruz’s forceful voice and judgement on a matter of opinion as ‘Government shut down and Border Wall’ catapulted him into a person holding very strong feeling and direction of mind – as highly passional. He is a pragmatic person who values facts more than opinions and theories. He likes choosing more practical ideas than ideal ones. Hence his opposition to far left Socialism; Medicare for All; and Border Wall’ Shut down.
3. Figure below represents Senator Michael Bennet’s Strategy Triad :
Senator Michael Bennet’s Strategy Triad consists of the following three elements : Legislative Majority, Working Together, and Truth & Integrity.
His main Strategy is to have majority in the House, Senate, and in Washington DC administration. This comes out of his experience, specially, with President Donald Trump being able to appoint 100 judges by now in his term due to a single change that Barack Obama did in his term and for which regretfully he voted in favor then. His recipe for tackling all problems irrespective of the sectors of the economy is for ‘Americans to work together and fight the problems in a united fashion’. He feels a strong need to restore the values of ‘truth and integrity’ of actions be it in administration, economy, healthcare, education, climate change or any other issue that American citizens care for.
Best question in the audience came from Margaret Thomson who wanted to know how he will increase teacher pay and the quality of education at schools across the country. Senator Michael Bennet took pleasure in answering the question with his accomplished background of five years and more as the “Superintendent” of Schools in Denver. Tracing the education from the end of World War II’, he sought to emphasise the two factors that need consideration : (a) We should operate on a 21st Century offering and not a 19th Century offering – a teacher or a nurse now should get as much as anyone in any other sector gets for shouldering the same responsibility. Quality will be ensured. (b) “Economy grows with growth in Education” is a dictum that he will advocate and practice and this must be well recognised and understood.
General conclusions :
1. Senator Michael Bennet made a strong bid to evoke discussions and make the audience know the issues of importance in a broken system as the one most citizens feel today.
2. More than fighting for winning the nomination, he appeared keen to create a sense of identity of his own in the minds of the audience for any other opening in future.
3. His emphasis on job record as proof of performance will need to stay firmly etched in the minds of the audience/people for long enough to propel himself up the ladder of a huge rungs, a task highly challenging.
“Dieu avec nous”
Friday, May 31, 2019 – 10.09 a.m. (IST)
Tidbit : ” The way to wealth is integrity and frugality ” – Raja Srinivasan.
Tonight’s CNN Town Hall featured the former Congressman from Texas, Beto O’Rourke, who announced his entry into the Democratic Presidential nomination bid on March 14 this year.
The Town Hall held in Des Moines, Iowa, was moderated by Dana Bash of CNN.
Fresh from his visit to the flood ravaged Davenport, Iowa, Beto O’Rourke took the stage to answer questions from the audience.
This is presenting three key aspects that emerged from the Town Hall engagement :
1. Beto O’Rourke’s Priorities : The Figure below represents Beto O’Rourke’s Priorities triad :
The triad has three elements – (a) A massive $ 5 Trillion proposal to combat Climate Change and signing the No Fossil Fuel Money Pledge that he hopes will alter any misperceptions that the citizens may have held against him. (b) A well crafted proposal to reduce ‘Gun Violence’ covering universal background checks; banning sales of assault rifles; a law enabling removal of firearms from people likely to cause a danger; active funding and research into gun violence – comprise the Chief components of what he promises to address for the benefit of the people of America and (c) Living in El Paso, an area close to the border, Beto O’Rourke feels strongly that his comprehension on the aspects of border wall to Immigration has been so lucid that he would always hold the “Comprehensive Immigration Reform” as one of his priorities ( Border makes America Great according to him ).
2. Beto O’Rourke’s Strategy : Figure below represents Beto O’Rourke’s Strategy :
(a) He is keen to promote democracy at home. It is not in his mind to embrace the strong men in the world and turn back our true allies. President Trump does that. I want to send a clear signal to all nations in this world that the future of this land is a Democratic one and not an autocratic one. My administration will do this. This is how we will restore ‘Global ‘Trust’. (b) His view on ‘Impeachment’ is crystal clear. He wants it to happen for the following twin reasons : it is the duty of the Congress to protect our Constitution; and lots of information that were withheld will come to the fore revealing a clear picture. There will be consequences and justice if we want to hold to democracy and that is why impeachment is necessary. It is also the only way to get accountability and justice. (c) United States will not fight any war unilaterally, much less the ‘Trade War’ with China. That China is up to creating hurdles of every hue to challenge the American stability and growth is well known. We need to have allies and the fight (Trade War) should be continued with support from allies.
3. Beto O’Rourke’s Leadership : Figure below represents Beto O’Rourke’s Leadership style succinctly –
Accountability, Unity, and Tough Decisions constitute his leadership triad. ‘Accountability’ comes from responsibility and Democratic dealings are the lynchpin promoting it. His support for increasing public schools ; support for legalising cannabis ; support for Social Security 2100 Act ; support for Minimum Wage ; support for public option in Medicare – all arise out of his desire to bring ‘Unity’ among People. ” If we play nicely by the set rules, we’ll end up with the same results ” says Beto O’Rourke also adding that we need to take ‘Tough Decisions’ to overcome the challenges we face today.
The best question tonight came from a lady, Dianne, a telecommunications lobbyist suffering from Multiple Sclerosis requiring every six weeks a remedial medical injection costing $ 21600 ; worrying constantly about their depleting savings ; trying to find a way out constantly without any success uptil now ; seeking to know what Beto O’Rourke would do to help her. It was an emotive moment evoking positive swirls in the minds of all people present. Beto O’Rourke’s response was equally emotional, concerning, and conciliatory. Vowing to control the prices of key drugs to reduce the expenses in such cases, he advocated strongly his proposed “Medicare for America” allowing every citizen on an employment based health insurance to keep that insurance if they wanted to, but it will move all uninsured, Medicaid covered, and newborn citizens to Medicare immediately. Stabilisation of insurance markets to improve the Patient Protection and ACA is his goal. The audience responded with big applause.
General points :
1. I witnessed people in audience responding enthusiastically, supportively, and favourably to every answer of Beto O’Rourke in this Town Hall with cheers and applauses acknowledging a stand out performance.
2. Long on issues and measures and short on specifics of achieving them, Beto O’Rourke may have to step up and accelerate by the time he prepares to meet with other candidates in debates.
3. His voice reflects and affirms his resolve and energy to take on any opponent with aplomb.
4. His social media skills give a source of confidence and power in this new age era, and can well put him on good stead in his campaign.
5. Earnest and eloquent, Beto O’Rourke kept the audience thoroughly engaged with his sharp, precise, and convincing ( as reflected from the cheers and applauses from the audience ) answers to all the questions.
” Hail Unity, Fail Division ” seems to be his core message to the people tonight.
” Dieu avec nous “
Wednesday, May 22, 2019 – 10.29 a.m. (IST)
Tidbit : ” No one is born to be the President of the United States of America ; least of all me “. – Beto O’Rourke.
Of late FB is being invaded by storm.
Public knowledge and awareness to the privacy of their data was roused by the revelations of FB-Cambridge Analytica data scandal first in March 2018. FB lost more than $ 100 billion in share prices and CEO, Mark Zuckerberg, had to agree to testify before the Congress. He apologised : ” it was my mistake. I am sorry. I started FB, and I am responsible for what happens here.”
A few days ago, Co-founder, Chris Hughes, who left FB in 2007 after selling his shares for half a billion dollars in a sense of anger and responsibility wanted FB to be broken up as a mark of ‘accountability’.
Domination of Zuckerberg ; wielding power that is unprecedented and un-american ; Zuckerberg’s unilateral control over speech ; need for acceptable guidelines for free speech on social media ; need for reforms to restore shareholders’ and public’s confidence – are the reasons he advocated.
Democratic Presidential nomination seekers (2020) – Elizabeth Warren (MA) , and Kamala Harris (CA) strongly pitch for breaking up of big tech companies like FB, Amazon, and Google if they are elected. Unilateral power over economy, society, and democracy is not good – according to them.
Mark Zuckerberg, however, is far from rattled. He has his defense playing strong : ” Breaking up the company, FB, cannot bring about accountability; cannot successfully address problems of safety, privacy, misinformation, and speech ; rather it would actually hinder FB’s efforts to safeguard it’s networks; FB’s budget for Safety this year is more than the whole revenue of the company when FB went public earlier this decade” – he added.
Former UK Deputy PM and FB VP, Communications, Nick Clegg said : ” what matters is not size but rights and interests of consumers.. Big is not bad; success should not be penalised. “
There is no alternative social media platform for the consumers now to switch to and that makes it hard for critics to get FB to submit to them at this juncture.
I always speak in my classes that “innovation” sprouts and shows up in an environment of adversity and chaos. The situation that FB finds itself in is no different than this.
FB is already on its move to be more than a mere social media platform with its intended foray into a cryptocurrency based financial tech system tying itself to Visa, Master Card, and First Data Corporation enabling its shareholders and consumers to make payments, exchange money, and to buy products. This may well be a new and extremely significant value addition .
World going digital and no smartphone without FB is the best advantage that FB enjoys now. And rightly, it expects to make big inroads into business aggressively. To follow the ‘marketing dictum’ it wants to “explore the unchartered territory and tap the market big swiftly”.
It also throws light on another management dictum that emphasises any entrepreneur to remain ‘focused’ on his/her goal. Mark Zuckerberg remained fixated on the goal of ‘growth’ and slipped in the aspects important to consumers – safety and privacy. While this does not absolve him of his errors, serious as they are perceived to be now, it throws light on the shortcomings of a true leader. His failure to list the responsibilities clearly, and effectively delegate them to an identified group within the organization is a lesson to be learnt in management.
FB may feel threatened ; Zuckerberg may feel betrayed ; Critics may feel pleased ; Consumers may feel bewildered ; Regulations may be tightened ; – but innovations and value additions cannot be stymied.
The present environment may at best spell a downward trend for FB, but its resurgence with accelerated momentum is not far away.
There is no Stopping FB.
” Dieu avec nous “
Wednesday, May 15, 2019 – 8.59 p.m. (IST)
Tidbit : ” Social Media puts the ‘public’ into PR and the ‘market’ into marketing “. – Chris Brogen.