The scene of “obscene” pricing

Very recently some of my friends, including myself, were debating on the topic of the prices of the expensive smart phones available in the market and one of the common conclusions being drawn was that the prices can be labelled as “obscene” to a common man. That led me to think what defines this definition of obscene pricing and whether the corporations have the right to go for this kind of obscene prices of products. The basic philosophy of corporations is not only to make profits but to maximize the same at a minimum cost. This is because this will … Continue reading The scene of “obscene” pricing

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The end of the unit of measure called “mandays”

In various fields within the corporate world, billing to clients is often measured by the concept of “mandays” efforts …. even workpackages are measured by the effort in “mandays” … ok, ok, ok – I am not being a male chauvinist .. you can replace the word “mandays” by “person-days” if it would satisfy your feminist ego’s :-) Well, if you go into details of “mandays” or “person-days”, it is often considered as the output corresponding to working of an individual in a day – whether that consists of 8 hrs of efforts or 9 hrs or 10 hrs – … Continue reading The end of the unit of measure called “mandays”