Advice You - Business

Many franchisors in modern franchising today believe that they should have a ce

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

rtain percentage of women and minorities in their franchises and always make su

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

e to recruit new franchise candidates in that ratio. This is extremely bad poli

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

y; sure equal opportunity is a good idea, but equal opportunity has come to mea

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

ratios. That is wrong.

As far as believing in equal opportunity, I guess no I

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

don't believe in that. I believe “the best man wins”, and many times that is a

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

oman. I pick the very best franchisee team members I can. I have to. We have co

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

e too far, and worked too hard to settle for anything less. The most dedicated

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

nd spirited individual is the one we pick provided that they can afford to buy

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

he franchise. We try to help them with financing or anything we can.

As far as

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

off color comments, yes I'm not politically correct, never have been and since

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

I own 100% of the company, no one can fire me. So I tend to comment on those t

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

ings I see with an open mind. And I am also open to free discussion and willin

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

to learn new views. What is unfortunate is the world is changing and the polit

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

cal correctness in the franchising industry is preventing truth from being said

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

and actually hurting the best candidates sometimes, not always, due to quotas.

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

We need so many Cubans, So many American Indians, so many Jewish people and so

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

any Hispanic franchisees. Rather than saying, let’s just pick the best person,

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

ake them compete and the best person male, female, black or white, Catholic or

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

indu wins. That is the way it should be really. So, be thinking on this in 2006

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.adviceyou.org.ua/article/19415/adviceyou-In-Franchising-the-Best-Man-Should-Win-Even-When-that-Man-is-a-Woman.html">In Franchising the Best Man Should Win, Even When that Man is a Woman</a>

BB link (for phorums):
[url=http://www.adviceyou.org.ua/article/19415/adviceyou-In-Franchising-the-Best-Man-Should-Win-Even-When-that-Man-is-a-Woman.html]In Franchising the Best Man Should Win, Even When that Man is a Woman[/url]

We all want to be genuine, authentic - it is just that sometimes we don't know what that means.

Linear change - think, plan, do - works for job changers but sucks for career changers. Find out why and get a three step iterative process to create the career you dream of.

I can tell you exactly what happened. Poor management. Unfortunately we're experiencing this just about everywhere, whether at a local establishment or a chain. Management is just not taking the time to properly train and supervise its staff. What happened to Michelle's is a prime example of this problem.

Tags

Links

Advice You - In Franchising the Best Man Should Win, Even When that Man is a Woman

Related Articles: