Archive for the ‘Technology Innovation’ Category

Htc Touch Diamond is a Thin, Sleek Handset With Some Wonderful Design



HTC Touch Diamond is having a 3.15 MP. It has 4 GB user available memory,192 MB DDR SDRAM, 256 MB ROM, Qualcomm MSM7201A 528 Mhz processor. Dimensions are 102 x 51 x 11.5 mm and Weight is 110 g. It supports GPRS, EDGE, 3G, Wi-Fi, Bluetooth v2.0 with A2DP and miniUSB.

HTC Diamond was released in May 2008, and was originally produced only in black.

The HTC Touch Diamond has a cool 3D interface and a beautiful touch screen. The Windows Mobile 6.1 smartphone also offers Wi-Fi, Bluetooth, GPS, and a 3.2-megapixel camera.

The smartphone is that much more stunning in person with its sleek mirrored face and the prism effect on the back. It’s also smaller than we originally thought at just 4 inches tall by 2 inches wide by 0.4 inch deep and 3.8 ounces, so you certainly won’t have any problems slipping this compact handset into a pants pocket.

The smartphone is outfitted with a gorgeous 2.8-inch, 680×480 pixel resolution touch screen. While this is all well and good, we think it may be the new TouchFLO 3D interface that really catches your eye. It builds on the TouchFLO interface that was first introduced on the HTC Touch, but the look and feel is completely different.

As for text entry, you can use the onscreen keyboard, which you can switch from full QWERTY to compact QWERTY to phone keyboard or other format, depending on your preference. On the other hand, when you have the keyboard open, it takes up about half of the screen, so if you’re entering text into any field on the bottom half of the screen, it’s covered up. Please Purchase Online http://www.phoneandbeyond.com/

"profit Maximisation". is it the Best Way to Judge and Run Business?



As per wikipedia, Profit Maximisation can be defined as “…. the process by which a firm determines the price and output level that returns the greatest profit. There are several approaches to this problem. The total revenue — total cost method relies on the fact that profit equals revenue minus cost, and the marginal revenue — marginal cost method is based on the fact that total profit in a perfectly competitive market reaches its maximum point where marginal revenue equals marginal cost.” Untill recently , it was generally assumed that the rational beheaviour of a firm or an entreprenuer was to maximize profits. And definitely that profit was money profit.

However , the profit maximisation hypothesis has been challenged recently and other than profit maximisation, various alternative optimization procedures have been proposed. Following are a couple of those variants:

1.Sales Maximisation Hypothesis

2.Constrained Revenue Maximisation Hypothesis

3.Secure Profit Maximisation Hypothsis

4.Growth Maximisation Hypothesis

5.Staff Maximisation Hypothesis

6.Profit Maximisation ( Through Mark-Up Price Approach)

7.Utility Maximisation Hypothesis of a Firm.

Before going further deep into those tough words , lets take some fresh oxygen and get an overall idea of the challenges against the age old Profit Maximisation Hypothesis. In the analysis of the equilibrium of a firm, the major assumption is that the entreprenuer aims at maximisation of his profits. So it’s nothing but a rational beheaviour and its just like the rationality of a consumer is to maximisation of his utility or satisfaction.

At this point, you may ask , “ If Profit Maximisation is a rational beheaviour of the entreprenuer , then why should one find out the other alternative ways to maximise Sales, Growth , Utility…and all other craps???” Yes , you are right. But partially. Why ? Lets take a closer look around.

It should be carefully seen , what does the entreprenuer suppose to maximise under Profit Maximisation principle. An entreprenuer’s income consists of two elements.

A. He gets wages for his job of routine management and overall supervision which he is supposed to pay himself.

B. He gets what is left after meeting all the explicit and implicit costs( even including his own wages).

The great economist , Marshall described the business owner’s wages of management and supervision as normal profit and the residual income as super normal profit. This means normal profits are the minimum income which the business owner must get in order to stay in a business. So , from another angle, normal profits are nothing but a kind of cost to the firm or may be a special kind of wages , which entrepreneur pays himself. Now, if we want to maximise the profit of the firm , its not the normal profit ( as its nothing but a cost) but the super normal profit.

Okies, now it has become a bit complicated . What does the owner maximise ? Normal profit? No.. its Super normal profit. Agreed.

Now lets move forward. Here the question is , how far is it true that the owner of the firm always runs after maximising super normal profit ? If you think deeply , you will find out maximising super normal profit is nothing but a short-term activity , in long run , entreprenuers rather want to maximise a “ steady flow of profits” or a “secure profit”. It’s true that the Profit Maximisation idea is valid for explaining the beheaviour of the firm which is working under perfect competition. In that case if firms get normal profit , they feel they are happy. But in case of oligopolistic market nature , where the number of firms are not so many, in that case the owners of the firm have to think about how to maximise secure profit , not super normal profit. The same thing may also happen in monopolistic competition as well. According to Prof.Rothschild , in oligopolistic nature of business , profit maximising assmuption is no longer sufficient. He asserts “ Here is both the desire for achieving a secure position as well as the power to act on his desire”.

So , we started with Profit Maximisation…then Supernormal Profit Maximisation..and after that Secure Profit Maximisation…not a bad idea. But, whats next?

As satisfaction or utility is the ultimate end which an individual aspires to get, therefore emenent economists like Prof. Benjamin Higgins, Prof. Reder , Prof. Tibor Scitovsky have rightly argued that in case of small unincorporated business firms, the entreprenuer who actually acts as the owner-manager of the firm, he may pursue the objective of maximising utility other than maximisation of profit. For him , leisure may appear as an alternative to making money profit. It’s very much true that profit maximisation does not guarantee utility or satisfaction maximisation. The more activity or work put in by the entreprenuer will mean the less leisure he will be able to enjoy. The preference for leisure must be incorporated into the analysis of an entrepreneur who is supposed to maximise his utility and this again shows the Profit maximisation may not be the sinle goal of a firm.

Great !!! So time onwards we will have to consider Utility Maximisation also.. !!!

Now , let us shift our focus from entreprenuer driven business model to manager driven business model incorporated by the global business giants. Here the total business set up is broken into small geographic or functioanl division and the entreprenuer keeps managers for each and every division. In reality, the corporate managers try to maximise the rate of growth of output or toatal sales revenue rather than maximising profit. Because they don’t know anything about the global movement of the company. Most of the cases their salaries are related to the sales revenue and for this they put their best efforts to maximise the sales revenue. Though , now a days , mostly the maximisation of sales revenue is pursued by the managers , subject to the constraint of minimum profits which they must obtain for the owners ( share holders). I don’t want to make this proposition more complicated by taking the example of Employee Stock Option plans where the managers may think themselves as the share holders and they go for both Sales Revenue Maximisation ( for their performance related salaries) and Super Normal Profit Maximisation ( to earn more money from the sompany shares).

Do you like to take another look into this ? There is a notion that the corporate managers aim at achieveing satisfactory rate of profits rather than maximising profits. According to this hypothesis , one can say that the corporate managers set a minimum standard of performance and that can be described as the minimum aspiration level. And in the day by day operation, a manager always wants to optimise this minimum aspiration level , not to maximise profit.

Enough of taking and making hypothesis. Lets take an example of one empirical study. This was done by the famous Oxford economists , Prof. Hall and Prof. Hitch. They interviwed around forty entreprenuers on pricing policy. From their empirical study, they have come down to a conclusion that the businessmen do not try to maximise profit by equating marginal cost with marginal revenue, which they seldom know. According to Prof. Hall and Hitch , businessmen charge prices to cover their avarage cost of production and so they add profit mark-up to fix the prices of their products. And most of the time the busienssmen aim to maximise the mark up , and not the profit, directly.

In the present days, inside the corporate giants, there is a seperation in the outlook of managing business between ownership managers (i.e. share holders) and business managers. Specifically for the business managers there is a trade-off between sales maximisation and maximisation of personal utility or leisure. And to cover up the trade off ,recruting more sub-ordiante staff is the one of the best p
ractices. Which leads to another activity i.e. staff maximisation. If one business manager recruits more sub ordinates so he can distribute his work load amongst them so to some extent he may optimise his personal utility or leisure. On the other hand recruting new a staff will increase the sales oriented revenue stream so it will maximise sales but may not maximise profit.

So , in this way we can come to a conclusion that , in today’s era , profit maximisation may not be the best business optimisation process. There are many other proven optimising factors like sales, mark up price, staff , utility , growth, secure profits etc.

How to Use These Top 10 Pieces of Ice Fishing Equipment to Increase Your Catch



Given the advances of the past couple decades, ice fishing equipment has come a long way.  Gone are the days of freezing your tail off, hunched over a hole with a rod cut from a summer pole attempting to catch fish through a hole in the ice.  Today’s equipment allows for unprecedented mobility as well as great comfort to allow for longer and more successful trips to the ice.  Below is a list of the top 10 things that you can get to make your time on the ice more productive and enjoyable.

    10) Ice Fishing Plastics   

Today’s plastics are revolutionary in that they at times catch more fish than live bait.  This normally comes from their scent and durability.  Using one piece of Berkley Powerbait to catch a dozen fish is not uncommon.

    9) Wheel House

Gone are the days of 3 hours to move your permanent ice house.  With a wheel house you can jack it back up, hook it up to the truck and move on down to your next ice fishing destination.  A great way to cover more ice and not dread moving from a hot spot that has gone south.

    8) Glow Jigs

Perfect for those low light times or when fishing water that is murky, many of today’s jigs come with glow paint on them that often increases catch rates immensely.  Popular models include the Lindy Frostee and the Genz Bug.  Simply place the jig next to a light source, preferably an LED light source, and your jig will illuminate very bright to draw in the fish.

    7 Underwater Ice Fishing Camera

Nothing has increased people’s understanding of the underwater world more than this piece of equipment.  The underwater camera allows you to watch everything that is going on beneath the ice on a TV screen.  It allows you to use minor adjustments to coax more fish into biting your bait.

    6) GPS with Lake Contour Software

The advent of the GPS allowed for people to bring high technology with them wherever they went.  Couple that with lake contour software, and we can go directly to the structure we see on our GPS.  This saves unknown time finding new spots as well as pinpointing the exact spot that was successful in the past.  Lakemaster makes excellent contour software for Garmin and Lowrance devices.

    5) Modern Ice Fishing Rod

Today’s ice fishing rods are built specifically for high performance ice fishing.  With a spine that allows one to play the fish as they fight, these rods are far superior than the rods of yesteryear.  You can even tailor the action of the rod to fit the fishing you are doing from ultra light for panfish to a heavy duty ice rod for northern pike. 

    4) Portable Propane Heater

Nothing is worse than being cold while a hot bite is on.  The beauty of today’s heaters is both their portability as well as their heat output.  Some models are even safe indoors, and are great for heating up your portable or permanent shelter.  Mr. Heater and Coleman are the major brands in this space and both produce excellent heaters to keep you on warm and content on the ice.

    3) Portable Ice Fishing Shelter

Lightweight and extremely portable, the tent-like ice shelters you can purchase today allow for comfort, style and charm all while providing you opportunity to follow the hot bite.  The shelters go up and come down quickly and really keep the elements at bay.  Clam, Eskimo and Eastman all produce a high quality portable ice shanty for your ice fishing needs.

    2) Gas Powered Ice Auger

Today’s ice angler is all about moving to keep on the hot bite.  Couple that mentality with an ultra sharp gas powered ice auger of today and you can make swiss cheese of any lake you are on.  By punching many holes before you start fishing you can move at will and not spook the fish if they have moved slightly in one direction.  You will find high quality models from Strikemaster, Jiffy, and Eskimo to quench your thirst for catching more fish.

  1) Ice Fishing Flasher

 Perhaps no tool is more powerful than the ice fishing flasher.  Allowing the fisherman to see the entire water column as well as their bait leads to more fish on the ice.  Utilizing a flasher combined with the many holes you punched with your ice auger you can move quickly if no fish are below a hole.  With varying colors to mark how big an object below the flasher is, you can see when a fish rises to take your bait.  They are invaluable when fishing for suspended fish like crappies which would otherwise be overlooked.

With all the technology and innovation afforded to ice fishermen today there is no reason catching more fish needs to be a pipe dream.  If you combine even 3 of the items listed above you will greatly increase your chances are catching more and bigger fish.