Smartphone and Smartthings in Modern Societies

“Smartphone” and “SmartThings” are new tech-driven terminologies that have re-defined human lives or societies in three dimensional living spaces – (a) personal communication, (b) working tool assistance, and (d) personal entertainment experience. “Personal communication” has provided both convenient and flexible methods of personal communication – anywhere and anytime; including affordable and cheaper costs per minute or bandwidth of data speed and data usage. Text messages, live-time video conference and more are added into Smartphone and Smart devices. “Working tool assistance” is all embedded hi-tech functions and computing applications automatically or manually executed by users to fulfill special tasks. GPS, Map, and thousands of new apps are monthly and yearly added to provide more working tool assistances in all perspectives of personal and business activities. Interactive restaurant menus, shopping picture and video catalogs and mobile banking apps are among daily convenient tools. People can take control more of their lifestyles and working behaviors from Smartphone and Smart handheld devices. “Personal entertainment experience” is a unique combined quality of audio, video, live stream TV, HD movies, HD video clips or home-made movies, music (download and live music), social media and social networking, and virtual music instruments are among new high-quality features available in Smartphone and Smart handheld devices. People have reduced their times sitting in front of TVs, audio and video systems by adopting their personal entertainment lifestyles into touch-functioning-and-tiny-screen tools. Blue-tooth, Wi-Fi, 3G/4G and docking-adapter (USB, fire-wire cable, and others) can connect one device into any compatible system like A/V systems in a car, bedroom, living room, kitchen and office.

Economic Behaviors in Microeconomic Management

U.S. Economy is performing through sales revenues, profit margins and workforce size. Sales revenues are a positive sign of confidence and satisfaction based on prices of all sold goods and services. Each sales transaction is accumulated into the total of sales revenues which include cost of goods sold, business operations and other credit and debit items in a financial statement. Profit margin (Net Profit Margin) is a value of Net Income divided by Revenue timed 100. Net Income is a value of Revenue subtracted to Cost of Goods sold. If Revenue is bigger than Cost of Goods Sold, Net Income will be relatively a big value. A workforce size is a total of hired employees temporarily and full-time. A company can use economic metric or sales revenue per employee to evaluate how effectively salaries and rewards are impacted on each employee’s performance. A retailer can measure annual sales revenues based on hired employees at a specific store to determine business management plans. Among 50 states and cities in each state, the headquarters of a retailer can decide different sales programs and HR management strategies to achieve sales revenues, profit margin with a specific workforce size.

Market Watch and Business Organization

If a company analyzes an annual profit at a store or all store and then divide a number by all hired employees, it will figure out how much profit each employee has contributed to the company. In other cases, the company has sold products at its own stores as well as contracted distributors, retailers and online stores, the company may separate its incomes or combined profits in different profit accounts for strategic management plans. Such decision can help the company allocate human resource and operation budgets more effective and profitable. Furthermore, customers’ satisfaction is also depended on time-waiting, service quality and one-to-one consulting timeframe at stores and online chatting windows. To minimize a number of hired employees is another way of increasing profit margins, but also reduce customers’ satisfactions. Such trade-off is evaluated for short-term and long-term benefits.

U.S. Software and IT Companies in Their Own Revolutions

Groupon has offered daily coupons and discount tips based on where site visitors are in both mobile and PC version sites. Google has offered suggested information or advertisement automatic engines based on Gmail inbox mail subjects and contents. Social networking and free email companies can establish effective advertisement software to offer right products and services to online users or subscribers. Brick-and-mortar stores usually send coupon booklets and mails to local shoppers, card account holders and sign-up newsletter subscribers. Groupon can survive as long as online subscribers and visitors like the ways Groupon is doing compared to other methods of receiving daily best deals on merchandises and services. Groupon has just taken a dual role of in-store coupons and postal coupon mails exposing or displaying in front of prospective shoppers. Each person may look for some special deals on specific products and services during a year.

IT development strategies and future markets

The current hardware and software markets have turned out to be severely competitive among global giants like Apple, Samsung, Google, Microsoft and others. Facebook and Twitter have possessed one of appealing assets – social networking marketplaces. Hundreds million of subscribers or online users are gold mines for ad generated revenues and sales potential unities. Companies have spent hundreds billion U.S. dollar a year to advertise and market their products and services to prospective customers. Marketers and advertisers are now retrained to become professional PR specialists who can connect business brands to target customers, investors and stakeholders. Whether will Facebook disappear someday as well as Twitter? The answer is “Yes” or “No” because consumers can find other reasons to abandon both Facebook and Twitter, even investors have bet their money of billions U.S. dollar on virtual marketplaces.