"The spnKiX" a new invention of motorized skates

"spnKiX" are battery powered, motorized skates that strap right on to your shoes. They are hand controlled by a wireless remote. All hardware and electronics are integrated into a frame made of fiber reinforced nylon. One motor and battery pack per foot.
Peter Treadway, the inventor spoke in this interview about his new invention.

How to Tell Your Business Story in 60 Seconds

Communications coach Carmine Gallo shares tips on how to craft your business story -- covering all the essential elements -- so you can tell it it in 60 seconds. He shares the four critical questions you must answer to be ready for an elevator pitch.

The first cloud connected car " the Ford Evos concept "

Ford Evos plans for a range of connectivity systems to link the car and driver with the so-called cloud. The car might match a driver's commuting route with local traffic and weather information, or automatically play a favorite radio station. It could retrieve pollution or pollen forecasts and suggest alternate routes for allergy sufferers. Ford even claims that these technologies would communicate with the driver's house to close the garage door and turn off lights remotely.
"The car gets to know you and can act as a personal assistant," said Ford chief technical officer Paul Mascarenas. "The possibilities are fascinating when we explore how to enable a seamless lifestyle between home, office, and car."

Read more: http://www.automobilemag.com/features/news/1108_ford_evos_concept_first_look/index.html#ixzz1jHLTvZVM

Ford EVOS Concept car from Cardesign LLT on Vimeo.

Best Countries for Entrepreneurs

Top 10 of best Countries for Entrepreneurs (2011):

The World Bank Group has published their annual "Doing Business" report that ranks 183 countries on how friendly their regulatory climate is to entrepreneurs. The report provides a quantitative measure of regulations for starting a business as they apply to domestic small and medium-size enterprises. Economies are ranked on their ease of doing business. The ease of doing business index means the regulatory environment is conducive to the operation of business.

Ease of Doing Business

1. Singapore
2. Hong Kong SAR, China
2. New Zealand
4. United States
5. Denmark
6. Norway
7. United Kingdom
8. Korea, Rep
9. Iceland
10. Ireland

The Ease of Doing Business Index is an index created by the World Bank. Higher rankings indicate better, usually simpler, regulations for businesses and stronger protections of property rights. Empirical research funded by the World Bank to justify their work claims to show that the effect of improving these regulations on economic growth is strong.

Source: World Bank - Doing Business and PNMsoft

The 4 P’s of Marketing

What is marketing ?
The definition that many marketers learn as they start out in the industry is:
" Putting the right product in the right place, at the right price, at the right time. "
These four elements are the basic components of a marketing plan and are collectively called 4 P’s of marketing.

Product
Product is the actual offering by the company to its targeted customers which also includes value added stuff. Product may be tangible (goods) or intangible (services).
While formulating the marketing strategy, product decisions include:
What to offer? Brand name, Packaging, Quality, Appearance, Functionality, Accessories, Installation, After sale services, Warranty.

Price
Price includes the pricing strategy of the company for its products. How much customer should pay for a product? Pricing strategy not only related to the profit margins but also helps in finding target customers. Pricing decision also influence the choice of marketing channels. Price decisions include:
Pricing Strategy, List Price, payment period, Discounts, Financing.
Using price as a weapon for rivals is as old as mankind. but it’s risky too. Consumers are often sensitive for price, discounts and additional offers. Another aspect of pricing is that expensive products are considered of good quality.

Place (Placement)
It not only includes the place where the product is placed, all those activities performed by the company to ensure the availability of the product tot he targeted customers. Availability of the product at the right place, at the right time and in the right quantity is crucial in placement decisions.
Placement decisions include: Placement, Distribution channels, Logistics, Inventory, Order processing, Market coverage, selection of channel members.

Promotion
Promotion includes all communication and selling activities to pursuade future prospects to buy the product. Promotion decisions include:
Advertising, Media Types, Message, Budgets, Sales promotion, Personal selling, Public relations, Direct marketing.