Advice You - Business

There is a concept in the military called a force multiplier. This is anything that increases the effectiveness of the military unit. Like a machine gun verses a single shot rifle. The machine gun is

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

several times more effective than the rifle. Thus, the machine gun can take the place of a whole group of riflemen.

The main force multiplier of the modern business world is technology, and computer

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

Examples of combination products may in

are our machineguns.

Technology allows the small business owner to compete with big corporate organizations. Consider.

Force Multiplier One

We all know how the desktop PC has changed the way we do

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

usiness, but have you really looked at how it can increase the productivity of your office?

Simply connecting your computers together into a local area network (LAN) can greatly increase your employee

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

’ ability to communicate, while reducing overall costs.

Since most computers sold today have network cards installed, all you need is a router to create your own LAN. Several manufacturers offer rout

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

Combination pro

rs for under $60.00.

Once installed, your computers will be able to talk to each other. Now you can really start saving money, while increasing productivity!

Say you have five employees. Naturally, 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

l of them need their own printer. What do you do? Without a LAN, you would have to purchase each of them a printer. You could purchase five deskjet printers for a total cost of $800.00 or more. Then y

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

u would discover the hidden costs! The cartridges! Ouch, they are expensive!

Instead, you use your LAN to allow your employees to print to one printer. Since you are only buying one printer, you can

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

urchase a nice laser printer. The toner cost on one laser printer is considerably less expensive than the replacement ink costs of five deskjet printers!

Do not forget to put it close to where you sit

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

so you can monitor what your employees are printing.

This same concept applies anytime a group needs access to the same resource.

Force Multiplier Two

One of the greatest advances, in technology, is

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

the growth of broadband internet connectivity. You can now download, in minutes, a file that once took hours. You can even surf the internet wirelessly from anywhere in your city!

Your internet conn

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

Following aspects would a

ection can carry all of your data and your telephone needs.

Large corporations pay thousands of dollars to install and maintain elaborate telephone systems to service their customers. Several companie

dd to the challenges in developing combination products:

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

offer Internet Phones that provide the small business community with the same service for a relatively low monthly fee.

One example is Virtual Office from Packet8. This service allows you to present

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

stronger, more prosperous front to your customers. Virtual Office offers features such as automated call routing and voice mail. Many other companies exist that offer the same service.

Force Multipli

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

r Three

Our last force multiplier is desktop publishing. Do you need a brochure, a sales letter or a display ad for your new marketing campaign?

In the past, you would have to hire someone to write t

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

e ad, letter or brochure, and then hire someone else to do the design work. Next, you would have to hire someone to do the printing. All of that hiring sounds like money flying out of your bank account

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

Professional from academic institutions, pharmaceutical industries, health care indust

to me!

Now you can hire the writer and handle the design work and printing yourself. Desktop publishing software makes this possible.

You can save huge amounts money using this software, and still pr

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

duce quality advertising and marketing materials. Microsoft Publisher is one program that will greatly increase the quality and professionalism of your products. Many others exist.

The power of the fo

.

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

ce multiplier does not stop here, diligently search for opportunities to apply this concept to your current operations. Combine activities where possible, proactively look for chances to make one piec

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

Companies that provide selfless information through particip

of technology do the work of two, three or more.

Let technology work for you; invest in it the same expectations you do in other areas of your business. Treat it like an employee and demand its best

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/4420/adviceyou-Business-Force-Multipliers.html">Business Force Multipliers!</a>

BB link (for phorums):
[url=http://www.adviceyou.org.ua/article/4420/adviceyou-Business-Force-Multipliers.html]Business Force Multipliers![/url]

Beginning your nursing career means getting through the interview process. The following article addresses what to do before, during, and after the interview to make it a success.

This is an unbiased review of the new Rich Jerk program, Rich Jerk Evolution. In it, we will discuss what is free and what is behind the members section.

Spiral Binders are known for durability. They are most widely used in blank notebooks. Spiral notebooks prove to be quite handy when you need to take quick notes. Spiral Binders are basic constructions of loose-leaf paper bound by a spring-like wire that runs through the holes along the sides of the pages. These wires could be made of either plastic or metal.

Tags

Links

Advice You - Business Force Multipliers!

Related Articles: