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Advice You - Mortgage Broker Training Article: What Do You Think?
Mortgage brokers, I have a fun test for you. This test will give you an idea of your ability to think through situations. Believe it or not, no matter how fun it is to answer these questions, this e
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
xercise is still relevant to generating realtor business. Are you ready for this? Here we go:
Question #1 – There are 6 eggs in a basket. 6 people each take 1 egg. How can it be that 1 egg is left
Question #1 – There are 6 eggs in a basket. 6 people each take 1 egg. How can it be that 1 egg is left
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
in the basket?
Question #2 – Acting on an anonymous phone call, police raid a house to arrest a suspected murderer. They don’t know what he looks like, but they do know that his name is John. Insid
Question #2 – Acting on an anonymous phone call, police raid a house to arrest a suspected murderer. They don’t know what he looks like, but they do know that his name is John. Insid
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
e, they find a carpenter, a cab driver, a mechanic and fireman playing cards. Without asking his name, they arrest the fireman on the spot. How did they know they had their man?
Question #3 – A man
Question #3 – A man
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
escaped from prison and is making his way home on foot. After walking about 2 miles from the prison on a rural country road, he notices a police car coming towards him. Despite knowing that all squ
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
ads will be looking for him, he ran towards the car. Only when he was about 10 feet away did he turn and run into the woods. Why did he run towards the police car?
You will find the answers to thes
You will find the answers to thes
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
e questions at the end of this article. So what is the point of presenting you with these questions? The above scenarios were designed to test an individual’s lateral thinking ability. What exactly
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
is lateral thinking?
Lateral thinking is approaching a problem from diverse angles instead of focusing on one approach at length. All of the above questions had relatively simple answers to them, b
Lateral thinking is approaching a problem from diverse angles instead of focusing on one approach at length. All of the above questions had relatively simple answers to them, b
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
ut when presented in the context that they were, the scenarios can seem confusing.
I used these scenarios to demonstrate the way we as mortgage brokers approach our own business and the gaps in tra
I used these scenarios to demonstrate the way we as mortgage brokers approach our own business and the gaps in tra
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
ining that can daunt the "Average Joe" mortgage broker . Sometimes we find ourselves in situations where there seems to be no easy answer. In fact, many mortgage brokers are feeling downright confus
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
d about what to do in today’s market condition.
Many originators look at their options, and they find 1 or 2 recommended solutions that may or may not work as advertised. What happens when the mark
Many originators look at their options, and they find 1 or 2 recommended solutions that may or may not work as advertised. What happens when the mark
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
eting approach doesn’t bring in the desired results? They give up! Why resign yourself to mediocre results or to a less than fulfilling career when there are so many solutions still out there for mo
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
rtgage brokers with even an ounce of self-confidence?
By using our own brainpower and the mountain of information available to us, there are simple solutions available at our finger-tips just waiti
By using our own brainpower and the mountain of information available to us, there are simple solutions available at our finger-tips just waiti
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
ng for us to implement. The problem is that a fine balance needs to be struck between creative lateral thinking while adhering to sound and proven business truths.
Try approaching your challenges f
Try approaching your challenges f
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
rom a different angle. Apply critical and lateral thinking to the hurdles that you face to find solutions where previously there seemed to be none.
As long as originators continue to implement the
As long as originators continue to implement the
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
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
same strategies and approaches that everyone else is using, they will continue to get the same results they always have. It’s amazing what a little brain power and creative thinking can accomplish.
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
Take a look at the answers to the questions above to find out what the answers were.
I think you’ll be amazed at how simple the solutions were. Yet due to our own limited view of situations and the
I think you’ll be amazed at how simple the solutions were. Yet due to our own limited view of situations and the
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
world around us, many times we create our own mental prison. Free the creativity within yourself, and apply these principals to some of your most pressing challenges. I think you just may surprise
.
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
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
yourself.
Answers Key:
#1 – The last person to take an egg took the basket with him.
#2 – John was the only man in the room.
#3 – The criminal was on a bridge, and was much closer to one side th
Answers Key:
#1 – The last person to take an egg took the basket with him.
#2 – John was the only man in the room.
#3 – The criminal was on a bridge, and was much closer to one side th
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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